Fast-moving consumer goods (FMCG)
Agricultural sector in Russia is one of the largest contributors to country’s economy and investors seeking to open a company here can choose this industry without a doubt.
Moreover, agriculture has several branches which can be successfully exploited. One of these branches is the FMCG sector which could be defined as an industry itself.
Foreign investors interested in setting up a business in the fast-moving consumer goods sector in Russia can also explore other segments of this industry and they can open shops in which they can sell various products.
Our lawyers in Russia can offer information on the regulations related to selling FMCG goods.
How to open FMCG business in Russia
FMCG businesses will be operating as shops, mini-markets or even supermarkets depending on the products intended for sale. No matter how large the company will, there are a few important steps to follow related to the business registration process.
Local and foreign entrepreneurs can register partnerships, limited liability companies and even joint ventures through which they can establish FMCG companies in Russia. Speaking of joint ventures, foreign investors partnering up with local ones could find many business opportunities in the FMCG sector by importing and distributing certain products.
With respect to the registration of the Russian company, once the paperwork related to the formation is ready and field with the Trade Register, it won’t be long until the business becomes fully operational. Our Russian law firm can handle this procedure.
FMCG industry in Russia – Licenses
Depending on the goods which will be sold in the Russian FMCG company, various licenses and inspections from the local authorities must be obtained.
While some of the goods are produced locally and must only respect packaging and labeling requirements, in the case of imported goods, import licenses, certificates of origins and conformity must accompany the products.
The transport of these goods must also be made in special conditions which will be documented.
For full information on how to set up a company in the FMCG industry, please feel free to contact us.
Our experts in Russia are ready to provide comprehensive support for foreign entrepreneurs and businesses, they will help you at all stages, from a preliminary assessment of the situation and choosing the best solution to obtaining all the necessary registration documents and getting started.
By seeking legal advice, you will receive the following guarantees: the result will be achieved within a certain period, and any issue will be resolved as quickly and efficiently
as possible, and all this for reasonable money. Besides, you will protect yourself from possible risks and mistakes in opening company in Russia, which can turn out to negative consequences.
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.
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Related: Open a llc company in Russia