Russia is very appealing to many foreign investors due to its advantageous legislation and taxation system. Foreign entrepreneurs benefit from almost the same conditions for opening companies in Russia like any other local investor, however it best to verify all the legal requirements before starting a business. Our lawyers in Russia will guide you through the company registration procedure.
The following types of companies are available for registration in Russia:
Foreign enterprisers can also establish sole traders in Russia, while foreign companies can open branch or representative offices.
The limited liability company is the most popular type of entity in Russia because of its incorporation requirements. Russian limited liability companies (Obshchestvo s ogranichennoy otvetstvennostyu- OOO) can be registered by at least one shareholder and a maximum number of 50 shareholders. The minimum share capital to open a limited liability company in Russia is 10,000 rubles (approximately 400 US dollars) and half it must be paid upon incorporation, while the other half within a year.
The Russian joint stock company can be open or closed. Open joint stock companies can transfer their shares to the public, while closed companies may only transfer shares between its shareholders. The minimum share capital in case of joint stock companies is 10,000 rubles for closed companies and 100,000 for open ones. The capital is divided into shares which will be registered with the Federal Securities Commission. At least 50% of the share capital must be deposited within 3 months from registration, while the other half must be subscribed within a year after the incorporation.
The following steps must be completed in order to have a fully operational company in Russia:
The video below presents the main steps to open a company in Russia:
If you need assistance with the company registration procedure, please contact our law firm in Russia.