Business Set Up in Russia

Russia is one of the fastest developing countries. It is committed to improving the investment climate and legal environment for doing business. While this makes doing business in Russia an attractive prospect it also makes decision-making difficult while starting a business and operating it. Enterslice provides legal, tax, accounting and consulting services.

Benefits of Doing Business in Russia


Large Consumer Base

Huge spending power

Strategic Location

Attractive Incentives for Foreigners to do business

Ease of Doing Business

Largest Exporter of Specific Products

Excellent Infrastructure

Cheap utilities

Highly skilled workforce

Different Types of Business Structures In Russia


Russia LLC

A Russian LLC is also known as ‘OOO’. This company can be easily incorporated. Minimum of 50 members can be shareholders for this entity. The minimum share capital for this form of entity is 10,000 Russian Roubles. Only one shareholder and one director is required to form this type of entity. The director has to be a Russian resident. A company can also be a shareholder in an LLC, however a natural person must also be appointed as a shareholder.

Russian Joint Stock Company

A Russian Joint Stock Company is also known as ‘OAO’. This company can be formed with one shareholder and one Russian director. The director has to be a resident of Russia. The shareholder can be of any nationality. The OAO can either be a Listed Joint Stock Company or a Non Listed Joint Stock Company. The minimum capital required for forming this type of company is 100,000 Russian Roubles. This company can issue shares to the public.

Branch Office

A branch office in Russia is a mere extension of the foreign parent company. The scope of the activities would be defined by the foreign parent company. If an individual wants to set up a branch office under Company Registration in Russia, then a local representative would be required. The branch office can carry out local business and generate invoices through sales.

Representative Office

A representative office in Russia is also a mere extension of the foreign parent company. A representative office cannot carry out any activities which generate profits in Russia. Usually, representative offices in Russia would only promote the business of the parent company.

Different Types of Taxes in Russia


Personal Income Tax

Value-Added Tax


Individual Property Tax

Corporate Property Tax

Transport Tax

Water Tax

Profit Tax

Mineral Extraction Tax

Gambling Tax

Land Tax

Biological Resource Use Fee

Stamp Duty

About our Services

Enterslice is one of the leading management consultancy firms which offers end-to-end business set-up, financial, regulatory, taxation, legal, and advisory services to early-stage businesses, start-ups, entrepreneurs, and large corporate houses across the globe.

Our Russia Entry Strategy services involve the following services:

About the Russia Entry Strategy

Our Russia Entry Strategy is classified into the following:

Business Set-up Services

Business Structures available in Russia are Russian LLC, Russian Joint Stock Company, Branch Office and Representative Office. Our business set-up services include advisory related to the type of business structure you should opt for to set up business in Russia. Our team will assist you in the business registration process, in opening a bank account for the business, and in post-registration compliance.

Consultancy on Managing the Business

Our consultants formulate a strategic plan for establishing and operating the business depending on your business needs. We formulate a budget and develop cash flows for your business. We also review internal control processes and conduct business reviews. We provide advisory on issues related to the management of the business.

Legal Advisory Services

Our legal experts provide legal advice on business operations, finances, IP protection, etc. We also draft legal necessary papers for your business and review and compile the required Paper works. We also ensure that all legal and regulatory compliance are duly complied with.

Accounting and Audit Advisory Services

Our experts provide bookkeeping services, assuring the proper maintenance of different accounting records. This involves keeping thorough and organized financial records, such as cash books, general ledgers, fixed asset registers and accounts receivable and payable sub-ledgers. In addition to this, we also provide financial reporting, accounting guidance, and bookkeeping services. They aid in producing accurate financial accounts, ensure conformity to accounting standards, and offer qualified advice on complex accounting matters. The accounts and financial statements are prepared to reflect the true and fair view of the company’s operations. On behalf of our clients, we ensure that the accounting and audit requirements are fulfilled.

Tax Advisory Services

Our tax experts will assist you in effectively managing your tax obligations and identifying opportunities to lower tax expenses. We ensure that the tax return is timely filed. We provide advisory on direct as well as indirect taxes. As the globe becomes increasingly linked, businesses regularly engage in cross-border transactions with intricate tax ramifications. We provide thorough advice on international tax compliance, double taxation agreements, transfer pricing, and international tax planning using our worldwide tax consultancy services. Our knowledge aids companies in overcoming the difficulties associated with international taxes and strengthening their worldwide tax position.

Intellectual Property Advisory Services

Our IP Experts assist in IP Compliance. We assist in getting IP registration by filling out applications for registration and compiling relevant necessary papers. Our team of IP experts also advises on IP compliance and IP Protection. We also assist in enforcing IP rights against any infringement.

Frequently Asked Questions

Yes, a foreigner can definitely do business in Russia.

Yes, Russia is an excellent country to do business in. It is one of the world’s largest economies and the country’s economic potential attracts foreign investors who want to open a business in Russia.

Yes, a foreigner can work in Russia on an employment or work visa.

It costs 600.00 USD to register a company in Russia.

Russia is known for its production and export of natural gas and oil.

Yes, Russia has LLC which is defined as OOO.

Yes, a foreigner can own a company in Russia.

Our Offerings

Why choose Us

15+ years of Industry Experience.
Global Network of CPA’s and Lawyer’s
Million Satisfied Clients.
Globally recognized consultancy with a presence over 22+countries.

Why Enterslice

24x7 Client relationship support desk.

Tech-enabled service delivery platform.

Dedicated foreign Investment desk.

50,000+ Network of Lawyers/Attorney’s/CPA/CA/CFA.

Strong team of Inhouse Lawyers/Attorney’s/CPA/CA/CFA


A wide Network of Audit and Law firms in India.

Individual and Dedicated professionals on every assignment.

We register 100+ Companies every Month.

Connect with Enterslice today to connect with our team of Skilled Professionals, to avail any of our Premium Services.

If you have any queries related to the Process, feel free to contact us. We will provide
you with immediate help.

We partner with more than 100+ companies

-- Testimonials

Don't take our word for it

In the news