How to register a business in Russia

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Types of companies by organizational and legal forms

The organizational and legal form is not just a way of legal registration of a company, but also its specific legal status.

According to this criterion, the following main types of companies are distinguished.

  • Limited Liability Company
  • Joint Stock Company

All companies, regardless of the form of their organization, have equal rights with other companies.

Your choice should be determined by the rights and obligations of the founder of each type of company: what you will have to face, what responsibility you will have to bear.

To get your bearings, you need to compare their advantages and disadvantages according to the following important criteria:

  • Responsibility. In limited liability companies, liability is limited only to the amount of the share you have contributed or the block of shares you own.
  • The minimum size of the authorized capital. The finances at your disposal at the initial stage are perhaps the most important factor. The minimum amount of the authorized capital of a limited liability company is at least 10,000 rubles, for joint-stock companies – 100,000 rubles.
  • Ease of organization. It is relatively simple and inexpensive to register a limited liability company. To open a joint-stock company, you will need to register shares. If you are interested in the simplest registration procedure – register as an individual entrepreneur.
  • Taxation. A joint-stock company has a double taxation system (with profits and dividends). In most cases, a limited liability company can apply a simplified taxation system and pay a tax of 6% on income.

Folow us on Youtube channel – Opening company in Russia

Related: Open a llc company in Russia

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Open LLC|JSC company

350 .00

Starts from

  • Foreign and Russian individuals
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  • ate offer send us all details

Open LLC|JSC company

550 .00

Starts from

  • Foreign and Russian legal entities
  • To make accurate offer send us all details

Branch|Representative Office

990 .00

Starts from

  • Establisching for foreign company
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Legal adress(for 6 months)

530 .00

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The best way for a foreigner to start a business in Russia is to register a company.

The procedure for setting up a business in Russia has been actively simplified by the government.

Today the process usually takes just three days and is not significantly different for a foreigner compared to a Russian citizen.

Founding a Limited Liability Company (LLC) is considered the most convenient form of business activity.

You need to fill the application form. Foreign nationals need to provide a notarized passport translation.

The validity of your signature on the application form should be notarized, after that it should be submitted to the relevant tax body.

You will require a legal address, a charter, and a minimum starting capital of 10,000 rubles (120 EURO).

You should also specify a general director of the LLC (this might be a foreign national with work permit) and be ready to regularly prepare and submit monthly accounting reports. Then it is possible to set up a bank account for the company.

There are many advantages of this type of business:

  • easier to borrow large amounts from banks;
  • easier to work with contractors;
  • private investors can enter the business;
  • LLC can be subject to 6 (six) percent tax.

Folow us on Youtube channel – Opening company in Russia

Related: Open a llc company in Russia

Get help starting your business.

The best way for a foreigner to start a business in Russia is to register a company.

The procedure for setting up a business in Russia has been actively simplified by the government.

Today the process usually takes just three days and is not significantly different for a foreigner compared to a Russian citizen.

Founding a Limited Liability Company (LLC) is considered the most convenient form of business activity.

You need to fill the application form. Foreign nationals need to provide a notarized passport translation.

The validity of your signature on the application form should be notarized, after that it should be submitted to the relevant tax body.

You will require a legal address, a charter, and a minimum starting capital of 10,000 rubles (120 EURO).

You should also specify a general director of the LLC (this might be a foreign national with work permit) and be ready to regularly prepare and submit monthly accounting reports. Then it is possible to set up a bank account for the company.

There are many advantages of this type of business:

  • easier to borrow large amounts from banks;
  • easier to work with contractors;
  • private investors can enter the business;
  • LLC can be subject to 6 (six) percent tax.

Folow us on Youtube channel – Opening company in Russia

Related: Open a llc company in Russia

Get help starting your business.

Open a Company in Russia
Open a Company in Russia
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