Business Setup Worldwide helps you register your company in Russia in a way that is ideal for your business type.
Business Setup Worldwide helps you register your company in Russia in a way that is ideal for your business type.
Company registration in Russia can be done through the following steps:
For business setup in Russia, one needs to first decide on the legal structure of the company. It can be a limited liability company, a partnership company, representative office, branch of a foreign company, or a joint stock company. After completing this step, one needs to complete the process of company name registration in the official portal of Russian authorities.
The next step of company registration in Russia consists of preparing the documents of incorporation and notarizing the signature made in the registration application. This process takes around 1 week to complete. Here, one has to draft and notarize the foundation documents and then file them with the Trade Register. The cost to notarize all the documents is around 200 RUR per copy.
Once the documents have been drawn up, an investor has to incorporate the business by sending the following documents to the registration office of the Federal Tax Service (FTS):
Once these documents have been sent to the officials, the FTS takes 5 business days to make a uniform decision and will either accept your business to the State Register or reject it if you have not followed the ground rules. If the business is accepted by the FTS, then they will also register your business for the tax purpose, after which you will receive the following documents within the next 7 days:
Once you receive all the documents from FTS, the next step is to open a bank account for your Russian company. Following documents are required to open a business account in Russia:
Before company incorporation, a minimum of 50% of the charter capital needs to be deposited. The proof of the same must be obtained from the bank.
Once you are done with all these steps, you are free to completely start your company, where the hard work really begins. The whole process takes around 18-21 days to complete.