Establish a Company in the FMCG Sector in Russia
Establish a Company in the FMCG Sector in RussiaUpdated on Saturday 15th December 2018
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The Russian agriculture sector is one of the largest contributors to country’s economy and investors seeking to open a company here can choose this industry without a doubt. Moreover, agriculture has several branches which can be successfully exploited. One of these branches is the fast-moving consumer goods (FMCG) sector which could be defined as an industry itself. Foreign investors interested in setting up a business in the fast-moving consumer goods sector in Russia can also explore other segments of this industry and they can open shops in which they can sell various products.
Our lawyers in Russia can offer information on the regulations related to selling FMCG goods.
How to register a FMCG business in Russia
Most of the FMCG businesses will be operating as shops, mini-markets or even supermarkets depending on the products intended for sale. No matter how large the company will, there are a few compulsory steps to follow related to the business registration process. Both local and foreign entrepreneurs can register partnerships, limited liability companies and even joint ventures through which they can establish FMCG companies in Russia. Speaking of joint ventures, foreign investors partnering up with local ones could find many business opportunities in the FMCG sector by importing and distributing certain products.
With respect to the registration of the Russian company, once the paperwork related to the formation is ready and field with the Trade Register, it won’t be long until the business becomes fully operational. Our Russian law firm can handle this procedure.
Licenses for the FMCG industry in Russia
Depending on the goods which will be sold in the Russian FMCG company, various licenses and inspections from the local authorities must be obtained. While some of the goods are produced locally and must only respect packaging and labeling requirements, in the case of imported goods, import licenses, certificates of origins and conformity must accompany the products. The transport of these goods must also be made in special conditions which will be documented.
For full information on how to set up a company in the FMCG industry, please feel free to contact us. Our attorneys in Russia will also help you with the company registration procedure.