Create a Transporting and Storage Company in Russia
Create a Transporting and Storage Company in RussiaUpdated on Saturday 15th December 2018
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Russia is one of the largest countries in the world which offers it several advantages. On one hand, it is one of the largest exporters of commodities in the world and it also has a great transportation network which enables companies here to send the merchandises they produce all over the world by means of land, railway, air or water.
Foreign investors interested in exploring the transportation network Russia has, can set up transporting and storage companies in various cities in the country. Our lawyers in Russia can explain the legislation related to starting a road transportation and storage business in Russia.
Types of companies in the transporting and storage sector in Russia
Both local and foreign enterprisers must comply with the Land Code when it comes to the registration of a company in the transportation sector in Russia. The storage of goods is regulated by the Customs Regulations and the Health Code.
Those who start transporting and storage company in Russia can choose one or more of the following types of businesses:
- - a logistics business which implies both transporting and storage of goods;
- - a freight forwards business;
- - a storage and warehousing facility.
No matter the type of business one decides for, id the goods are destined for international trading, the company must respect the Convention on Contracts for International Sale of Goods issued by the United Nations and the Customs Convention on the International Transport of Goods under Cover of TIR Carnets.
Registering the Russian transportation and storage company
The first step to open a transportation and storage business in Russia is to register a company, private or public, with the Trade Register. Following that, the necessary licenses and permits from the local authorities must be obtained. These licenses imply construction permits for building storage facilities, road transportation licenses for the trucks and approvals from the Customs Authority.
Also, truck drivers must have TIR carnets which allows them to transport goods internationally. The goods to be transported must also be accompanied by special document, such as warehouse receipts, contracts, insurance documents.
For full information on how to start or assistance in creating a transporting and storage business here, please contact our Russian lawyers.