Company Registration in Russia- An Overview

Aspect Details
Timeline It usually takes around 3 to 5 days for initial company registration in Russia
Registration Benefits

Benefits of company registration in Russia are as follows:

  • Tax Benefit
  • Strategic Location
  • Skilled Workforce
  • Startup friendly Environment
  • Special Economic Zones
  • Double Tax Treaties Agreements with 70+ International Jurisdictions
Types of Business Structures

Types of structures for company formation in Russia are as follows:

  • Limited Liability Company
  • General Partnership
  • Joint Stock Company- Public
  • Limited Partnership
  • Branch Office
  • Private Joint Stock Company
  • Representative Office
Documents Required

Documents required for Russia company incorporation:

  • Passport IDs
  • Identification of Local Agent
  • Registered Business Address
  • Company Charter
  • Power of Attorney (POA)
  • Memorandum of Association (MoA)
  • Articles of Association (AoA)
Top Businesses

Common businesses for foreigners applying for company registration in Russia are as follows:

  • Tourism
  • Healthcare
  • E-Commerce & Retail
  • Fashion & Cosmetics
  • Agriculture & Food Processing
  • Consulting & Marketing Services
  • Real Estate Development
  • Fintech
  • Food and Beverages
  • AI & SaaS
  • Advertising & Market Research
  • Business-Management
Procedure

The procedure for company registration in Russia is as follows:

  • Selection of Business Activity
  • Reservation of a Company Name
  • Charter Drafting
  • Documentation
  • Application Submission
  • Issuance of Registration Certificate
  • Tax Registration
  • Corporate Bank Account Opening
How can we help you at Enterslice?

We have 10+ years of experience in Russian business registration.

  • No Hidden Costs
  • 24/7 Customer Support Service
  • Obtain Business-Specific Licenses
  • Legal Documentation & Agreement Support
  • Compliance Support for 1 Year
  • Seamless Bank Account Setup
  • Appoint a Nominee Director & Shareholder for confidentiality
  • Annual Financial and Tax Filing Services Via Team of 100+ CAs
  • Lawsuit Filing & Legal Notice Services

Russia Business Registration with Enterslice

Consult Enterslice’s specialized experts for Russia business registration. Establish a company in the 11th largest economy and take your business to new heights.

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Why Should You Opt for Business Setup in Russia?

Business setup in Russia is a process that allows individuals and companies to establish a company in a country with a fast-growing economy. It has strong ties with India, China, Turkey, the UAE, the Middle East, Africa, and Latin America.

The country’s economy is driven by natural resources, oil, mining, tech, science R&D, pharmaceuticals, fintech, and mechanical engineering. So, register a company in Russia online from anywhere, at any time.

With more than 40 Special Economic Zones (SEZs), Russia provides a strong business environment with lower taxes and fewer customs duties. The skilled workforce, the local community’s support, and the simplified registration process act as a motivator for global business enthusiasts to invest in Russia.

Our associates will help you appoint a representative, apply for registration, reserve the company name, open a bank account, fulfil your annual tax obligations, and provide legal support.

Low Tax Rates

100% Foreign Ownership

Easy Bank Account Setup

No Need to Visit Any Government Office

Growing AI & Fintech Market

Business Friendly Environment

Advanced Infrastructure

DTAs with 70+ Countries

Types of Structures for Company Formation in Russia

Go through the following types of structures if you’re interested in company formation in Russia:

Limited Liability Company

Limited Liability Company (LLC)

Mostly registered company structure. It protects shareholders by ensuring their personal assets are not used to satisfy the company’s debts; they are liable only up to the amount they have invested as capital. The formation requires at least USD 120 as minimum capital. This structure requires at least 1 director and shareholder.

JSC

Joint Stock Company (JSC)

This business structure for company formation in Russia is ideal for entrepreneurs with large capital/funds. It can be both a publicly listed corporation on the stock exchange or a private limited company. The minimum capital for a public JSC is USD 1200. It must’ve at least five directors and seven shareholders.

Branch Office

Branch Office

A branch office can be registered in Russia as an extension of its foreign parent organization, which is responsible for its governance. This structure doesn’t have any minimum capital requirement for its establishment. It is one of the significant types of structures for company registration in Russia.

General Partnership

General Partnership

A general partnership requires at least two members, both having equal rights to profits and shared responsibilities for the firm’s obligations. Both partners have unlimited liability, meaning their personal assets can be used to pay any debts or loans the firm cannot meet.

Representative Office

Representative Office

A representative office, as the title means, is a liaison office, not a separate entity. It is used by foreign entrepreneurs/companies for marketing and contact purposes.

Limited Partnership

Limited Partnership

A limited partnership is a firm that includes at least one general partner, who has unlimited liability for the firm’s obligations, and at least one limited partner, whose liability is restricted to their investment. The general partner holds primary control in the firm.

How to Register a Company in Russia Online with Enterslice?

Discover how to register a company in Russia online with Enterslice’s expert guidance:

Choose A Business Structure

The first step is to select an appropriate company structure, such as an LLC, partnership, or branch office, as per your business activity.

Reserve Your Trade Name

We’ll help you select a few names and run them against the Federal Tax Service’s database to avoid early rejections. A trade name reservation is mandatory as per Russian company laws.

Draft Chapter, MOA, AOA, POA, & Agreements

Our attorneys will draft the company’s charter, memorandum of association, articles of association, power of attorney, and lease agreements on your behalf.

Submit Application

We’ll apply for Russian company incorporation with mandatory documents to the Federal Tax Service (FTS).

Obtain Registration Certificate

The authority will examine your application and approve it, and subsequently, they’ll issue the company registration in Russia certificate.

Register For Taxes

After company formation in Russia, we’ll register your organization for tax compliance with the FTS.

Open a Company Bank Account

Once you’ve obtained a tax ID, we’ll help you open a corporate bank account to deposit your company’s funds.

Acquire Industry-Specific Licenses

Our legal associates will assist you in acquiring various licenses and permits necessary for the normal functioning of your company.

Timeline for Company Registration in Russia

The Federal Tax Service (FTS) will issue the certificate in 3 to 5 days. Find out the detailed timeline for company registration in Russia as mentioned below:

Selection of Business Activity & Structure: 1 day

You must choose an economic activity and company structure as per your funds and personnel availability.

Reservation of Name: 1 to 3 days

Check and reserve your company name through the Unified State Registrar of Legal Entities.

Documentation & Notarization: 4 to 5 days

Draft and notarize documents like MOA, AOA, charter, and related agreements.

Application Filing: 1 day

Submit the application with mandatory documents to the Federal Tax Service.

Russia Company Incorporation: 3 to 5 days

The authority will verify your documents and application before granting the certificate of registration.

Tax Registration: 1 to 2 days

Once the company is registered, you’ll automatically receive a tax identification number from the FTS, demonstrating your tax registration.

Corporate Bank Account Opening: 2 to 3 weeks

Submit your tax ID, a copy of your registration certificate, company seal & ID, a copy of your passport, and ID of your local agent with a digital signature to the bank of your choice.

Documents Needed for Russia Company Incorporation

The documents needed for a Russia company incorporation are as follows:

Application form P11001 for LLC

Passports of the applicants, including directors and shareholders.

A copy of the lease or virtual office agreement as registered business address proof.

ID and address proof of the legal representative.

Memorandum of Association (MOA)

Articles of association (AOA)

A copy of the parent company’s registration certificate if applying for a branch office.

A notarized copy of the power of attorney (POA) to represent yourself before the Russian authorities.

A certificate of company name reservation.

Document translations and notarization in Russian.

Details of minimum share capital.

A digital signature certificate of the legal representative in Russia.

A declaration of the CEO appointment for foreign parent companies.

Can Foreigners Register a Company in Russia Online?

Yes, foreign entrepreneurs like you can register a company in Russia online, provided they appoint a local agent to represent them before the authorities. A legal representative can be a lawyer or an agent who will help you with the registration process by using their digital signature.

With 100% foreign ownership, free healthcare benefits, and social security, global entrepreneurs can start a business in Russia and become a part of 1000+ companies in special economic zones (SEZs). With a low tax slab between zero-rated and 15% with fewer tariffs, the SEZs are attractive for foreigners.

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A 3% Corporate Tax on IT Startups Until 2030

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No Need to Visit the Govt Office

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No Need for a Physical Presence

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Mandatory Document Translation in Russia

Benefits of Company Registration in Russia

Explore the various benefits of company registration in Russia, including a growing economy, a business-friendly environment, and limited liability.

Chile Business Incorporation

Strategic Location

You can easily conduct business in the European and Asian markets due to Russia’s connectivity, logistics, and strategic location.

Tax Incentives

The Russian government offers a wide range of tax incentives, starting with low rates in special economic zones and industry sectors.

Double Taxation Avoidance

Russia currently has DTAs with more than 70 jurisdictions, which prevents foreign entrepreneurs from being taxed twice on the same income.

Enhanced Customer’s Trust

After Russia business registration, you can enhance the customers’ and investors’ trust through your credibility.

Criteria for Company Registration in Russia

Check out the basic requirements and criteria for company registration in Russia as described below:

  • A minimum capital deposit of USD 120 for a limited liability structure.
  • A notarized copy of the company’s charter.
  • Memorandum of association with clauses on company name, address, liability, assets, capital, and association.
  • Articles of association detailing provisions on share capital, transfer of shares, voting rights, board meetings, dividends, borrowing powers, responsibilities of directors, dispute resolution, and business wind-up.
  • Notarization of all documents, including lease or rental agreements, MOA, AOA,
  • POA, passport copies, and other applicable documents.
  • Foreign entrepreneurs must appoint a local representative, such as a lawyer or an agent.
  • A list of proposed names must be submitted during the company name reservation.
  • The applicant shouldn’t attempt to reserve a misleading, identical, or similar name of a registered company/trademark.
  • A legally registered address must be provided at the time of the company registration in Russia.

Business Opportunities for Company Registration in Russia

Take a look at the best business opportunities for company registration in Russia as given below:

Top Industries to Start a Business in Russia

  • Service
  • E-commerce
  • IT
  • Healthcare
  • Food & Beverages
  • Oil & Natural Resources
  • Agriculture
  • Tourism
  • Real Estate
  • Logistics
  • Manufacturing

Top Industries for Business Setup in Russia

  • Legal & Engineering Consultancies
  • Online Marketplaces
  • AI Startups & Cloud Computing
  • Drug Manufacturing & Cancer Research Labs
  • Restaurants & Online Food Delivery
  • Equipment Supply & Drilling Services
  • Agri-tech Solutions & Organic Farming
  • Travel Advisories & Online Ticket Bookings
  • Real Estate Development & Agencies
  • Supply Chain Management & Warehousing
  • Automotive Spare Parts Manufacturing

Compliance After Company Formation in Russia with Enterslice

Find out how Enterslice will help you with compliance after company formation in Russia:

  • After company registration in Russia, we’ll assist you in filing your director’s declaration within 180 days of the business incorporation.
  • Our tax associates will help you file your annual corporate tax return within the prescribed timelines to save you from penalties.
  • Enterslice’s network of 100+ CAs will assist you in making your balance sheets, P&L accounts, income statements, and expense reports as part of your annual financial reporting.
  • If there’s a change in your company’s ownership, then we’ll notify the Federal Tax Service about the said changes/updates.
  • We’ll assist you in renewing your business-specific licenses under the deadline to avoid the revocation of the same.
  • If you decide to register a trademark, copyright, patent, or design, then our IPR team of 150+ attorneys will assist you with all the formalities.
  • After Russia company incorporation, you must hold a general meeting within the reference dates as set by the competent authorities.

Why Opt Enterslice for Company Registration in Russia

With Enterslice’s expert legal guidance and network of 100+ local agents, you can seamlessly apply for company registration in Russia. Below are the key reasons why you must trust us for business setup in Russia

  • Get Started in 7 Days from Anywhere in India
  • Full End-to-End Support- From Registration to Compliance Support
  • Transparent Fee Structure: No Hidden Charges
  • Avail EMI Facility at Best Rates with Leading Banks
  • Seamlessly Apply for Trademark Registration in Russia After Business Incorporation
  • Take Advantage of the Individual Case Manager to Monitor Compliance Easily
  • On Time Tax & Accounting Return Filing- Avoid Penalties
  • 24/7 Client Support- Anytime, Anywhere
  • Obtain Nominee Director & Shareholder Services After Russia Company Incorporation
  • Get Live Tracking on Your Application Progress for Russia Business Registration
  • Lifetime Free Consultation Once You Sign Up with Us
  • Complete Online Process- Sit Back and Relax, Let Us Take it Over for You

Frequently Asked Questions on Russia Business Registration

Have a look at the following answers to the most asked questions:

The step-by-step procedure for business setup in Russia is as follows:

  • Finalize a company structure.
  • Reserve the company name.
  • Draft the documents
  • Notarize them with the relevant authorities.
  • Apply for company registration in Russia with mandatory documents.
  • Application evaluation and approval
  • Issuance of the Russia company incorporation
  • Tax registration
  • Corporate bank account opening
  • Application for business licenses.

The key reasons to register a company in Russia are as follows:

  • Strategic location that facilitates international business in top European and Asian markets.
  • Tax exemptions and a lower rate for specific industries, including 3% on tech at the federal level and zero-rated in regional.
  • An abundance of community-friendly local markets.
  • It increases market reputation through the registration status.
  • A registered company raises funds more easily compared to an unregistered one.
  • With company registration in Russia, you can prove your authenticity to the banks, which will help you open a corporate account.

The list of documents for company registration in Russia is as follows:

  • A copy of the passport.
  • ID and address proof of your authorized agent.
  • Legal documents, including MOA and AOA.
  • Lease or rental agreements if a physical presence is established
  • Virtual office address, if any.

Yes, foreigners can own 100% of their company in Russia, provided they hire a legal representative for compliance purposes, especially a digital signature certificate.

The various categories of business structure for Russia are as follows:

  • Limited Liability Company
  • General partnership
  • Branch Office
  • Limited Partnership
  • Representative Office
  • Joint Stock Company (JSC)

Most commonly registered companies in Russia are as follows:

  • Online retail platforms
  • Fashion houses
  • High-end clothing brand business
  • Software development
  • e-learning platforms, especially English
  • commercial and executive office development
  • tour operators and resorts
  • road, rail, and flight cargo
  • medical equipment
  • biotech manufacturing
  • construction material productions
  • advertising and marketing business
  • cybersecurity and SaaS

Yes, all foreign applicants must hire a legal representative for company registration in Russia.

The standard corporate tax rate in Russia is 20%. However, the government has announced huge cuts for specific industries as follows:

  • Tech: 3 percent
  • Pharma: zero to 3 percent
  • Education & Science: zero percent
  • Small and medium enterprises (SMEs): 15 percent on net or 6 percent on gross revenue.
  • Skolkovo Innovation Center Residents (SEZ): zero percent (complete exemption until 2029.
  • Other Special Economic zones (SEZ): 0-2 percent

There’s no such requirement for a physical presence in Russia unless your business activity mandates it. You can easily register a company in Russia online through a flexi desk.

The entire process can stretch from 2 to 4 weeks. However, the Federal tax service gives the registration certificate in 3 to 5 days.

Yes, you can open a branch office in Russia through your parent company, provided you hire a local agent.

A limited liability company (LLC) is the most common and feasible structure because it provides operational flexibility and liability protection for the personal assets of the members against the business’s defaults.

Go through the following process for company bank account opening in Russia:

  • Appoint a local agent through Enterslice’s vast network.
  • Register a company.
  • Receive the company registration certificate, seal, and Tax Identification Number (TIN).
  • Pick a bank as per your business requirements.
  • Take our assistance in choosing a bank and drafting a business plan.
  • Apply for a bank account with an add-on service, if any.
  • Prepare for the interview.
  • Complete the final assessment.
  • Receive the company document and account access.

There’s no such requirement by the law that mandates the appointment of a local director to start a business in Russia. However, a local director will help you apply for company registration using their digital signature. So, practically, it is better to hire a local director than a foreign applicant.

Currently, there are more than 40 special economic zones (SEZs) in Russia. All such zones provide corporate, VAT, and tariff. The Main SEZs are as follows:

Manufacturing & Industrial

  • Alabuga
  • Lipetsk
  • Togliatti
  • Moglino
  • Titanium Valley

IT& Software Development

  • Zelenograd
  • Dubna
  • Innopolis
  • Tomsk
  • Tourism
  • Baikal Harbor
  • Altai Valley
  • North Caucasus Cluster
  • Kurshskaya Kosa

Logistics

  • Ulyanovsk
  • Murmansk
  • Sovetskaya Gavan
  • Free Port of Vladivostok
  • Arctic Zone of Russia

The standard VAT is 20%. However, a reduced 10% rate applies to food and healthcare. There’s no VAT on exports and customs tariffs in the free zone.

You can’t open a branch/representative office in Russia’s Special Economic Zones (SEZs) if you already have a company registered in India. The same rule applies to mainland companies that want to open an office in the free zone.

The minimum requirement is USD 120 for starting and registering a limited liability company in Russia.

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