How to start up a business

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How to start up a business
O<strong>pen company in Russia</strong>

Next year, about 90 percent of small and medium-sized businesses intend to invest additional funds in the development of entrepreneurship:

This is reported by AliExpress Russia in its research.

Thus, it can be concluded that business sees the prospects for the development of entrepreneurship in Russia and invests more and more every year.

The most convenient and promising way to start a business is to open a company.

Registration of a new business takes only 5 working days.

VALEN’s lawyers will provide a turnkey company registration service:

  • we will fill out a full package of documents, provide a legal address, and go through the necessary stages of approving the registration of a new business.

We will be glad to see you among the new customers of VALEN.

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