Company set up
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20/10/2021
Record breaker grow of foreigners – new Russian passport holders

2021 is assumed to bring the highest amount of new citizens in Russia by the…

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18/10/2021
Company liquidation. The ways to liquidate a company.

Sometimes company management has to make the decision to close the business. In such situation,…

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18/10/2021
Tax planning. Taxation planning principles and techniques. Key players in the tax planning process.

What is tax planning? Any business seeks to generate income. Benefit can be increased in…

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13/10/2021
Simplified procedure on loans for foreign citizens in the largest bank in Russia

The procedure of reviewing applications on loans to foreign citizens included a special requirement of…

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11/10/2021
What Is an IRS Tax Audit and when is it needed?

What is an IRS tax audit? So, let’s start with the definition. What is it?…

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7/10/2021
New accreditation procedure for branches and representative offices

The Federal Tax Service now has to accredit a branch or representative office of a…

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Tax audit
20/07/2021
Tax audit

Professional audit of tax accounting helps to avoid problems with legislation, optimize tax base and…

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Expedited audit of accounting
20/07/2021
Expedited audit of accounting

In virtue of the service of expedited audit of accounting any organization can carry out…

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Due Diligence and Compliance
20/07/2021
Due Diligence and Compliance

Due diligence and compliance are the procedures which are necessary for conducting any business activity….

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Set up of company in Russia. Remote company set up.

As on the European market – Limited liability company is the most convenient form for opening and further developing your business in Russia will be Общество с ограниченной ответственностью (LLC).

And it is reasonably considered as such. Today, a foreign investor is provided with a comfortable conditions for using Russian jurisdiction for the purpose of opening a company.

To open a company, there are no requirements of a residence in Russia, or a work permit. In fact, any foreign citizen can open a company.

Information

To start the process, you need to determine:

  • Company name in Russian and English;
  • The size of the authorized capital – minimum 10 000 rubles, which is approximately 120 Euro;
  • Distribution of the authorized capital if the company is registered by more than 1 citizen;
  • Type of activity;
  • Director – if it is a foreign citizen – he will need to obtain a work permit and work visa.

Documents

To open a company, an individual will need:

Translation of passport of a foreign citizen (certified by a Russian notary) plus:

  • Charter;
  • Decision;
  • Application;
  • Confirmation of payment of a State fee in the amount of 4000 Rubles (approximately 50 Euro).

Registration

The term for company registration is not more than 5 working days – from the date of filing the set of documents to the Tax office.

Is it possible to open the company remotely?

Remote filing of documents is possible – our lawyers with power of attorney from you can do it without presence. Accordingly, there is no need for visit.

Interim manager

To carry out its activities – the company need to have a director. If this person will be foreign  –  he will need work permit and work visa to work in Russia. For the period of applying for these documents we can provide so called interim manager. This is administrative manager for day to day operations of the company.

VALEN GROUP will help you to understand all the specifics of Russian corporate law and to create a company from scratch. Aso to provide a legal assistance in supporting the activity of the company, opening a bank account and further management of the company.

Feedbacks

On behalf of our company we would like to thank VALEN Group for setting up accounting for us. Quality service for a reasonable price, plus what I like the most is 24/7 readiness to help.

Due to highly qualified lawyers from Valen I’ve managed to solve some migration issues caused by the COVID-19 pandemic. I would highly recommend you Valen if you are also facing legal problems related to residing and working in Moscow.

I think it is a good balance of price and quality. The consultation lasted around 2 hours and during this time we managed to discuss all the details related to the set up of company with a foreign participants and all the matters we will need to handle in regards to corporate and labor law. This allowed me to make a decision and develop a strategy together with the VALEN Group team. Thanks!

VALEN Group specialists are really thoughtful and provide information in the easiest possible way. I inquired a tax planning consultation and accounting services for my company. I got a number of possible solutions and Valen still manages my company’s accounting. My participation in the process is minimized and the results are amazing.