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How to start business in Russia
Starting a business in Russia can be a daunting task, but with the right approach and preparation, it can be a rewarding experience. Here are some tips to help get started:
Registration in Russia
Steps for opening company in Russia
In the first case, you need to:
In the second method, i.e., specialized company support, you will save time preparing documents and their registration payment of state fees. However, there is a risk of communication with scammers and disclosure of personal data like passport details and other important information. Before you start cooperation with a specialized company in Moscow or other cities, study its information: how many years it is in the market, where it is located, and lookup for reviews on the web.
Chose the specifics of the business for LLC company
There are three methods to get a legal address for a company:
OKVED activity code: when enlisting an LLC company in Russia, it is important to determine what type of business you will be doing. The activity code is established from the OKVED classifier. It is freely available;
Authorized capital: before you enlist an LLCcompany with the legal address of the Russian Federation, you need to resolve what official capital your enterprise will have. This is the amount deposited into the business structure’s current bank account. The minimum is 10,000 rubles. You can either deposit money or leave the property as collateral. This can be done before or after you submit the documents for registration of the LLC company or within four months;
Preparation of papers for opening an LLC company. You should own it in your hands: 1) the conclusion of the sole founder of the company or the minutes of the meeting of founders of the open LLC company (in writing); 2) the approved Articles of Association of the open LLC company; 3) the agreement on the establishment (this paragraph is relevant if there are two or more founders ).
You can prepare these documents for registration of an new LLC company in Russia both independently, using online services, and with the support of our company. We will make sure that all the documents are correct.
Fill in the application form P11001
This is one of the main documents submitted to the Federal Tax Service Inspectorate for registration of LLC in the Russian Federation. The signature of the Applicant is put in the presence of a tax inspector or a notary (if the registration of an LLC in the Russian Federation takes place by agreement).
Fees to State
One of the big questions is how extensively it costs to register an new LLC company with a legal address in Russia. Currently, it is correlated to the minimum amount of payment appointed by the state and is 4 000 rubles. To complete a deposit, you must fill out a permit manually and transfer the funds to the account of the registration authority.
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