Open a Company in Russia – IT sector
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Steps for opening company in Russia
Russia have made various laws and also reduced the burden related to the company registration procedure which has made the country more appealing to foreign investors. With its economy performing well thanks to industries such as the oil and gas and agriculture, information technology industry has fast growing part of Russian industry which has undergone several changes which have made it more appealing. Foreign investors interested in starting an IT business in Russia must comply with Federal Law on Information Technology and Information Protection.
Registering a company in Russia – IT sector
The registration process of a IT business in Russia is the same as for a business in any other industry. In order to ensure a smooth opening of company with registration procedure, the owner can appoint a law firm in Russia to carry out the process. Once the incorporation documents are prepared, the bank account opened and the share capital deposited, the IT company can be registered with the Russian Companies Registrar. Following that, specific licenses must be obtained.
Regulations for IT companies in Russia
Majority of IT companies in Russia will develop software programs which imply gathering data about individuals and companies. The new IT Law contains specific provisions about the processing and maintenance of such sensitive data and requires companies to protect this information. Russian IT company will need the right telecommunication infrastructure for which it will need a special license from the Ministry of Communications and Mass Media.
The company may also register one or more domain names with the Network Information Center. There is cases when IT businesses must comply with the intellectual property legislation. They are also allowed to patent the programs they design or register trademarks. 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.
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