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Is it mandatory to appoint a local partner to start a business in Russia?

There are certain industries like energy and telecommunication, which have restrictions when it comes to full ownership. But otherwise, there is no compulsion on having a local partner in Russia.

How long does it take to register a company in Russia?

It takes around 2-3 weeks to complete the process of company registration in Russia.

Is it required to have special permits or licenses to set up a company in Russia?

Depending on the type of activity your company will undertake, there are industries that require applying for special business licenses.

Does a company require having a local address for business formation in Russia?

Yes, a Russian company must have a local address which must appear in the records of the Trade Register.

What are the types of industrial property rights in Russia?

Patents, utility models, designs and trademarks are available in Russia. They can all be obtained from the Russian Patent Office (Rospatent).

What are the types of industrial designs that can be protected in Russia?

All types of objects can be protected except for functional objects, architectural, industrial, hydro technical, etc. and unstable objects like liquids and gases.

How long does it take to register intellectual property in Russia?

On an average, if the application is flawless, the procedure from filing to granting lasts from 10 to 12 months. The issue of any office action extends the procedure for about 4 months.