How to start a 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
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Get help starting your business.
You may also like:
Related searches:
- Can a foreigner start a business in Russia
- Can an llc have two presidents
- Top 10 business in Russia
- Is it hard to start a business in Russia
- Сlosed joint-stock company
- Cjsc company
- Russian LLC
- Pjsc vs ojsc
- Public joint-stock company
- ooo Russia
- LLC company Liquidation in Russia
