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Open a company in Russia

Open a Company in Russia

Updated on Wednesday 19th July 2017

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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.

Types of companies in Russia

The following types of companies are available for registration in Russia:

  • -          limited liability companies,
  • -          joint stock companies,
  • -          limited partnership,
  • -          general partnership.

Foreign enterprisers can also establish sole traders in Russia, while foreign companies can open branch or representative offices.

Requirements for opening a company in Russia

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.

Company registration steps in Russia

The following steps must be completed in order to have a fully operational company in Russia:

  • -          drafting and notarizing the foundation documents,
  • -          depositing the share capital with a Russian bank,
  • -          payment of the registration fee,
  • -          registering with the federal tax authorities,
  • -          registering with the State Pension Fund, the State Fund of Social Insurance and the State Fund of Compulsory Medical Insurance,
  • -          opening a corporate bank account,
  • -          registering with the Moscow Center of Quotation of Work Places.

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.

 

 

Comments

  • Lilliana 2015-03-13

    My brother recommended I might like this blog. He was once totally right. This put up truly made my day. You can not imagine just how much time I had spent for this information! Thanks!

  • Mukesh 2015-11-19

    please send me detail how to register company in russia for import and export and for all business with fees and all documents require

    Hello, you may send us your request via e-mail at office(at) lawyersrussia.com and one of our lawyers will answer you. 

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