open a company in russia
TRANSCRIPT
A presentation brought to you by LawyersRussia.com
Open a Company in Russia
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Why Start a Business in Russia?
Russia is very appealing to many foreign investors due to its advantageous legislation and taxation system.
Foreign entrepreneurs benefit from almost the same conditions for opening companies in Russia like any other local investor, however it is recommended to verify all the legal requirements before starting a business.
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Types of Companies in Russia
The following types of companies are available for registration in Russia:
limited liability companies, joint stock companies, limited partnerships, general partnerships.
Foreign enterprisers can also establish sole traders in Russia, while foreign companies can open branches or representative offices.
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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.
Russian limited liability companies can be registered by at least one shareholder and a maximum number of 50 shareholders.
The Russian joint stock company can be open or closed.
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Share Capital Requirements in Russia
The minimum share capital to open a limited liability company in Russia is 10,000 rubles and half of it must be paid upon incorporation, while the other half within a year.
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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Company Registration Steps 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
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Documents Needed to Open a Russian Company
The following documents must be submitted with the Russian Trade Register:
the articles of association of the company,
proof of depositing the share capital, a statement of the company’s
management board appointing the director or legal representative of the company in Russia.
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Taxation of Companies in Russia
The taxation system in Russia facilitates foreign investments, as foreign companies are treated much in the same way as local ones.
Each company is liable to taxation and the corporate taxation is based on residency.
Non-resident companies are only taxed on the income they produce from their business activities in Russia.
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Assistance in Setting Up a Business in Russia
If you want to open a company 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 contact us for customized solutions for company incorporation.
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Thank you for your attention!
For more information, please contact us at:
(+44) 203-287 0408 (for international clients)
www.lawyersrussia.com
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