How to start a business

5/5 - (8 votes)
how to start a business in russia
How to start a business in Russia

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.


You may also like:

Business manager service in Russia

How service of Business manager work?What is include in service and can we add services on later stages? How to start cooperation? For how long we need business manager?What this service brings to clients is: 2000+ businesses Helping entrepreneurs turn ideas intobusinesses over 2000+ times in Russia. 1500+ consultations Providing access to our independentnetwork of attorneys over…

Continue Reading Business manager service in Russia

How to (Gradually) Become a Different Company

A number of recent headline-grabbing announcements of divestments and split-ups by companies such as HP (spinning off its PC and printer businesses), GE (the sale of its appliances business to Electrolux), Bayer (the flotation of its MaterialScience chemicals business), and Royal Philips (its separation into two autonomous companies, Lighting and HealthTech) are putting the spotlight…

Continue Reading How to (Gradually) Become a Different Company

Amazon, Whole Foods, and the Future of the (Old) New Economy

Amazon is buying Whole Foods Market in a deal worth $14 billion, and perhaps the biggest question is what the deal says about the future of an approach to business, branding, and organizational culture that the two iconic companies have come to represent. Some observations that could shed light on this include, first, that with…

Continue Reading Amazon, Whole Foods, and the Future of the (Old) New Economy

Disney Buys Marvel: Designing 3D Brands

Many comic fans around the world, my eldest son John included, will bemoan today’s announcement that the Disney entertainment zaibatsu will swallow up Marvel Comics and its 5,000 characters for $4 billion. Years ago I, too, spent my hard-earned shoveling money on Spiderman, The Hulk, Fantastic Four, and especially Iron Man. (I’ve seen all their…

Continue Reading Disney Buys Marvel: Designing 3D Brands

Growing for Broke

    Look, you’ve got to grow. It’s what our economy is all about. Hey, it’s what our country is all about! Certainly, it’s what drives me. My father, Constantine Anaptyxi, came to America from Greece because he saw big opportunities here. He worked hard, took a few risks, and realized his dreams. I came…

Continue Reading Growing for Broke

Can Science Be a Business?: Lessons from Biotech

In 1976, Genentech, the first biotechnology company, was founded by a young venture capitalist and a university professor to exploit recombinant DNA technology. Thirty years and more than $300 billion in investments later, only a handful of biotech firms have matched Genentech’s success or even shown a profit. No avalanche of new drugs has hit…

Continue Reading Can Science Be a Business?: Lessons from Biotech

Merger Model in M&A Investment Banking

2000+ businesses Helping entrepreneurs turn ideas intobusinesses over 2000+ times in Russia. 1500+ consultations Providing access to our independentnetwork of attorneys over 1500 times. 90+ liquidations Helping companies to close down operations in the smooth way Merger Model in M&A Investment Banking The mergers and acquisitions (M&A) group in investment banking provides advisory services on either sell-side or buy-side transactions. Sell-Side…

Continue Reading Merger Model in M&A Investment Banking

Template Checklist for Legal Due Diligence

2000+ businesses Helping entrepreneurs turn ideas intobusinesses over 2000+ times in Russia. 1500+ consultations Providing access to our independentnetwork of attorneys over 1500 times. 90+ liquidations Helping companies to close down operations in the smooth way This checklist sets out documents and information to be provided for the pruposes of legal review of the target…

Continue Reading Template Checklist for Legal Due Diligence

Merger Model in M&A Investment Banking

2000+ businesses Helping entrepreneurs turn ideas intobusinesses over 2000+ times in Russia. 1500+ consultations Providing access to our independentnetwork of attorneys over 1500 times. 90+ liquidations Helping companies to close down operations in the smooth way Merger Model in M&A Investment Banking The mergers and acquisitions (M&A) group in investment banking provides advisory services on either sell-side or buy-side transactions. Sell-Side…

Continue Reading Merger Model in M&A Investment Banking


Related searches:


Services of Russian lawyers in Russia and UAE

Get help starting your business.


You may also like:

Business manager service in Russia

How service of Business manager work?What is include in service and can we add services on later stages? How to start cooperation? For how long we need business manager?What this service brings to clients is: 2000+ businesses Helping entrepreneurs turn ideas intobusinesses over 2000+ times in Russia. 1500+ consultations Providing access to our independentnetwork of attorneys over…

Continue Reading Business manager service in Russia

How to (Gradually) Become a Different Company

A number of recent headline-grabbing announcements of divestments and split-ups by companies such as HP (spinning off its PC and printer businesses), GE (the sale of its appliances business to Electrolux), Bayer (the flotation of its MaterialScience chemicals business), and Royal Philips (its separation into two autonomous companies, Lighting and HealthTech) are putting the spotlight…

Continue Reading How to (Gradually) Become a Different Company

Amazon, Whole Foods, and the Future of the (Old) New Economy

Amazon is buying Whole Foods Market in a deal worth $14 billion, and perhaps the biggest question is what the deal says about the future of an approach to business, branding, and organizational culture that the two iconic companies have come to represent. Some observations that could shed light on this include, first, that with…

Continue Reading Amazon, Whole Foods, and the Future of the (Old) New Economy

Disney Buys Marvel: Designing 3D Brands

Many comic fans around the world, my eldest son John included, will bemoan today’s announcement that the Disney entertainment zaibatsu will swallow up Marvel Comics and its 5,000 characters for $4 billion. Years ago I, too, spent my hard-earned shoveling money on Spiderman, The Hulk, Fantastic Four, and especially Iron Man. (I’ve seen all their…

Continue Reading Disney Buys Marvel: Designing 3D Brands

Growing for Broke

    Look, you’ve got to grow. It’s what our economy is all about. Hey, it’s what our country is all about! Certainly, it’s what drives me. My father, Constantine Anaptyxi, came to America from Greece because he saw big opportunities here. He worked hard, took a few risks, and realized his dreams. I came…

Continue Reading Growing for Broke

Can Science Be a Business?: Lessons from Biotech

In 1976, Genentech, the first biotechnology company, was founded by a young venture capitalist and a university professor to exploit recombinant DNA technology. Thirty years and more than $300 billion in investments later, only a handful of biotech firms have matched Genentech’s success or even shown a profit. No avalanche of new drugs has hit…

Continue Reading Can Science Be a Business?: Lessons from Biotech

Merger Model in M&A Investment Banking

2000+ businesses Helping entrepreneurs turn ideas intobusinesses over 2000+ times in Russia. 1500+ consultations Providing access to our independentnetwork of attorneys over 1500 times. 90+ liquidations Helping companies to close down operations in the smooth way Merger Model in M&A Investment Banking The mergers and acquisitions (M&A) group in investment banking provides advisory services on either sell-side or buy-side transactions. Sell-Side…

Continue Reading Merger Model in M&A Investment Banking

Template Checklist for Legal Due Diligence

2000+ businesses Helping entrepreneurs turn ideas intobusinesses over 2000+ times in Russia. 1500+ consultations Providing access to our independentnetwork of attorneys over 1500 times. 90+ liquidations Helping companies to close down operations in the smooth way This checklist sets out documents and information to be provided for the pruposes of legal review of the target…

Continue Reading Template Checklist for Legal Due Diligence

Merger Model in M&A Investment Banking

2000+ businesses Helping entrepreneurs turn ideas intobusinesses over 2000+ times in Russia. 1500+ consultations Providing access to our independentnetwork of attorneys over 1500 times. 90+ liquidations Helping companies to close down operations in the smooth way Merger Model in M&A Investment Banking The mergers and acquisitions (M&A) group in investment banking provides advisory services on either sell-side or buy-side transactions. Sell-Side…

Continue Reading Merger Model in M&A Investment Banking


Related searches:


Services of Russian lawyers in Russia and UAE

Open a Company in Russia
<a href="https://russianlawyers.eu/service/open-a-company-in-russia/">Open a Company in Russia</a>
Share: