Set Up a Company in the Healthcare Sector in Russia

Compared to several years back when the Russian healthcare system was not reformed, nowadays thanks to the great number of foreign investors interested in exploring this industry, the healthcare sector has evolved quite a lot. This is also due to the fact that the Ministry of Healthcare in Russia has created various strategies meant to develop this industry. Foreign investors are also invited to participate in healthcare facilities in Russia through joint ventures or even to start new companies which offer various services related to this sector.

Our lawyers in Russia can offer information on the legislation related to the healthcare industry.

Registering a healthcare company in Russia

According to the Commercial Law, foreign investors are welcome to register businesses in Russia under the form of private companies or joint stock companies depending on the amount they are willing to invest. When starting a healthcare business in Russia one must also consider the costs incurred by the location, the tools and the materials required to provide the services.

Before reaching the operational phase, a Russian healthcare company must first undergo the company registration procedure which consists in filing certain documents with the Trade Register. Foreign investors can rely on our law firm in Russia if they want to register a company in the healthcare industry.

Types of activities undertaken by companies in the healthcare sector in Russia

A Russian company operating in the healthcare sector can provide various services. Among the activities acknowledged by the Ministry of Healthcare are:

• -          offering various medical services;
• -          producing pharmaceutical products;
• -          commercializing pharmaceutical goods;
• -          offering certain traditional therapies.

For each of these activities, a company in the healthcare sector in Russia must obtain certain licenses or permits. The qualifications of the personnel hired to offer the services must also be taken into account when opening a healthcare facility in Russia.

For full information on the requirements related to starting a business in the healthcare industry, please contact us. You can also rely on our Russian lawyers for assistance in setting up the company.