Registration of company in Russian Federation

Company formation in Russia

Our Lawyers can help with registration of companies in Russia for citizens of the state, as well as for non-residents from the CIS countries and other regions. The procedure of establishing business implies passing through a large number of stages, starting from selection of the name of the company and ending with obtaining special licenses if the company is engaged in the spheres of banking or insurance business.

Business in the Russian Federation: forms of ownership

In order to register company in Russia, it is necessary to select organizational and legal form. The most prevalent and cost-efficient for the founder are LLC and SP. Each form shall meet specific requirements listed below. It is possible to specify more detailed information or apply for registration of company in Russia on the website or by phone.

Limited Liability Company

Legal entity or natural person can act as the founder of LLC. When establishing company, contribution of the authorized capital is provided, and it is divided into shares between all the beneficial owners. The main peculiarity is liability of participants only within the limits of their shares in capital. When applying to Law & Trust company, it is necessary to provide the initial data of the LLC, on the basis of which subsequent collection of documentation will be carried out.

The client shall submit to the lawyers:

1. Name and legal address of the company to be registered.
2. Information concerning number of the founders of the LLC and their personal data.
3. In order to register company in Russia, it is necessary to have the amount of at least 10000 rubles to be contributed to the bank account as being the charter capital.
4. Document setting forth the level of distribution of capital shares between all the founders of the LLC.
5. Business in the Russian Federation does not require additional licensing, with the exception of certain scopes of activities, and in order to become aware of the necessity for certification the owner shall indicate the codes from the RNCEA registry in the documentation.
6. Data on the appointment of the general director of the LLC. The person with the citizenship of any country can act as the manager, and this position can be held as the founder.
7. Selected type of taxation. Offshore companies in Russia, in the general meaning of the term, do not exist, but there are certain areas where there is possibility of setting low tax rates. Benefits are also available when registering companies in Russia in specific fields of activity, details on which can be clarified by our specialists.

Sole Proprietorship

The easiest way of company registration in Russia is the establishment of SP. Applying this form of ownership, it is not necessary to establish legal entity, which considerably simplifies and accelerates the procedure. Company formation in the Russian Federation in the form of SP is conducted in several stages:

1. Specification of codes of activity in the RNCEA system of Russia. Indication of up to 20 codes is allowed, and the main spheres of entrepreneurship from among the parent groups are primarily indicated.
2. Collection of the documentation package. The future owner of the company needs to fill in P21001 application form, provide copies of all pages of personal passport, pay state fee for consideration of the application. The other documents may also be required, so the list should be complied during personal conversation with the lawyer of Law & Trust company.
3. Registration with district inspection of the Federal Tax Service. Each entrepreneur is obliged to pay tax for the existence of business, as well as VAT, and due to that submission of his data to the inspection is mandatory.
4. Consideration of the application. Single registration center conducts consideration in the term of 5-7 working days. Theoretically, the inspector should himself put the new enterprise on record in the Pension Fund of the Russian Federation and other authorities, but in practice, it is more often necessarily to be performed by the businessman himself.
5. Preparation of seal. According to the legislation, the seal is not necessary for SP, but it is possible to place such data on the seal as primary state registration number, TIN, etc., which will increase the level of customer confidence.
6. After receiving all the constituent documents, the entrepreneur should register bank account. It also requires the collection of package of documents and their copies.

With unassisted registration the cost of registration of company in Russia can be significantly exaggerated. Incorrect filling in forms, ignorance of the details of the legislation may lead to the mistakes at any stage of registration, and that’s why we recommend you to use assistance of professional lawyers.

Offshore companies in Russia

Registration of offshore company in Russia is not acceptable by the country’s legislation. However, special economic zones with preferential taxation system have been created in the territory of the federation. Residents who establish offshore companies in Russia are allowed to import and export goods without duties. The economic zones are divided into several directions of the economy.  

They include Dubna, Murmansk, St. Petersburg, Khabarovsk and others. The duration of validity of the offshore is limited to 15-20 years. You can specify the details quickly with the assistance of our specialists. The call to the office is free of charge, as well as all conversations with the lawyers.