If you are interested in opening a business in Russia, our law firm can help you. For details about the legal services offered by our Russian law firm, please visit http://www.lawyersrussia.com/.
2. Why Start a Business
in Russia?
Russia has one of the world’s largest
economies and an important domestic
market.
The country’s economic potential attracts
foreign investors who want to open a
business here.
Several special economic zones exist in
the country and they encourage
investments in fields like industrial
production, technology, and development,
logistics or tourism.
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3. Types of Companies in
Russia
An investor may choose to open a sole
proprietorship, a partnership (limited or
general) or a company (limited liability or
a joint stock company).
For a limited liability company and a joint-
stock company, a minimum share capital is
requested.
Foreign companies can also open a
branch or a representative office.
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4. Requirements to Open
a Company in Russia
The limited liability company is the most
popular type of entity in Russia because
of its incorporation requirements.
The minimum share capital to open a
limited liability company in Russia is
10,000 rubles.
The minimum share capital in case of
joint stock companies is 10,000 rubles
for closed companies and 100,000 for
open ones.
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5. How to Open a Business
in Russia
The following steps must be completed in
order to have a fully
operational company in Russia:
drafting and notarizing the foundation
documents,
depositing the share capital with a
Russian bank,
payment of the registration fee,
registering with the federal tax
authorities,
opening a corporate bank account,
registering with the Moscow Center of
Quotation of Work Places.
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6. Hiring Employees in
Russia
The Labor Law regulates all the issues
related to the workforce in Russia.
An employee may be hired through
indefinite agreements, fixed term
agreements, agreements with the director
or by the agreements for combining jobs.
Our lawyers in Russia can offer
information on how to hire personnel.
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7. Prolific Investment
Industries in Russia
Russia is a country rich in natural
resources.
The country’s unique geographic
position facilitates exports: Russia is
a link between Europe and Asia and it
is bounded by three oceans.
The Russian technology sector is
very developed, especially areas like
chemistry, metallurgy, machinery,
aerospace or nuclear physics.
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8. Tax Advantages for
Russian Companies
The taxation system in Russia facilitates
foreign investments, as these type of
companies are treated much in the same
way as local ones.
The corporate tax rate is 20%.
Many double tax treaties were signed
with more than 70 countries allowing
foreign investors to benefit from double
taxation relief.
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9. Assistance in Setting Up
a Business in Russia
If you want to open a business and you
cannot be present in the country,
our lawyers in Russia will help you with
the entire registration procedure using a
power of attorney.
You can also contact us if you need
information about the Russian laws on
foreign investments.
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10. Thank you for
your attention!
For more information, please contact us at:
(+44) 203-287 0408 (for international clients)
office@lawyersrussia.com
www.lawyersrussia.com
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