Limited Liability Company
When opening your own business in Russia, the first question is what legal form to choose.
Most common legal form for a foreign business in Russia is a limited liability company (LLC).
Open LLC in Russia
When opening your own business in Russia, the first question is what legal form to choose.
Most common legal form for a foreign business in Russia is a limited liability company (LLC).
This legal form is the most suitable for your Russian start-up business. Any foreign citizen can establish LLC in Russia without any restrictions.
The minimum share capital of an LLC is 10,000 RUB (approx. EUR 150).
Limited liability company (LLC) in Russia is a separate legal entity.
It may be engaged in any legal activities. Just like in Europe or USA, the shareholder’s of an LLC are liable with their shares only.
The limited liability of the parent company as the shareholder of an LLC is the big advantage of an LLC compared to a branch or a representative office.
LLC is considered to be established only when registered by the tax authority in Russian companies’ register.
After the registration an LLC is attributed with two identification numbers – main state registration number and individual taxpayer’s number.
Subsequently, the bank account shall be opened and a stamp (if necessary) produced. Only then an LLC becomes operational.
An LLC may have maximum 50 shareholders.
If this number is exceeded, an LLC shall be converted into a joint-stock company. A foreign company may be a shareholder of an LLC.
A foreign parent company may not hold 100% of the shares in the LLC if the parent company itself has only one shareholder.
Related: Open a llc company in Russia
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Open LLC|JSC company
Starts from
Open LLC|JSC company
Starts from
Branch|Representative Office
Starts from
Legal adress(for 6 months)
Starts from
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.
