Entity set up in Russia
Russia– Company establishment
Global Expansion Plus provide you with legal, corporate and secretary services in Russia. Before you start the process of registration you need to consider the following matters.
Legal forms
Getting your legal form right is a key to success. Before starting a business you need carefully select a legal from the will best suit your needs and potentially will save you money and time. So before you consider entity sent up you need to address the following questions:
- How to make the best choose of legal form of the business?
- What are the pros and cons of a given legal from?
- What are the basic requirements of each form?
- What risks are associated with each form?
Please refer to our publication and articles to find more information.
Taxation regime
- What type of tax system to choose taking into consideration the planned activity?
- What tax incentives you can use in your business?
- What the official tax loops available for your business?
Please refer to our publication and articles to find more information.
Name of the company
A company should have a unique name. Russia has the Unified State Register of all companies; we will check the uniqueness of the company name at the consultation stage.
Registration address
Company in Russia required to have a registered address at incorporation. You can rent your office or use a virtual seat service provided by Global Expansion Plus.
Personal presence
It is necessary to visit Russia for signing the documents for registration in the presence of notary. It is not possible to submit all necessary documents by representative acting on the basis of power of attorney.
Types of activity
A company should carefully select types of activity considering their planned activity. Corporate lawyer of Global Expansion Plus can support you with a careful selection because activity type can influence the tax incentives provided by the Tax code of Russia. Some activities require obtaining of licenses (building, pharmacy business).
Amount of issued/share capital
Share capital of the company is divided between participants (participant’s interest), there are no classic shares. Each participant takes responsibility within the amount of his contribution.
Minimum share capital is 10 000 RUB. Share capital shall be paid within 4 months from the moment of registration. It is allowed to pay share capital with securities, real estate, and other property.
Directorship
The minimum of one person is required. Non-resident is able to be appointed as a director after obtaining work permit (except of Eurasian Custom Union nationals). Legal entity is not able to be appointed as the director.
Client journey
Initial stage
- Consolation with our corporate lawyer targeting all points listed above;
- Preparation of notarized and apostilled Power of Attorney (if needed);
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Registration Stage
- Reservation of business name;
- Preparation of the article of association (in 2 copies);
- Preparation of the minutes of the general meeting of members of the company;
- Paying of government fee (25.50 Belarusian rubles);
- Filling out an application for sta
- Preparation of the article of association;
- Preparation of the minutes of the general meeting of members of the company;
- Preparation of agreement on founding of the company;
- Obtaining of notary approval of the mentioned documents;
- Filling out an application for state registration of a legal entity;
- Registration of the company with state registrar;
Tax Stage
- Filling and submitting of an application for a taxpayer registration;
- Directors employment registration with tax authorities;
- Obtaining electronic signature for the company used to electronically submit tax returns;
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Final stage
- Opening a bank account;
- Signing a legal support contract;
- Ordering a seal.
Additional services
- Transaction support- merges and acquisitions;
- Change of the legal address;
- Change of name of the company;
- Change of director;
- Change in issued capital;
- Other changes to the charter documents of a legal entity;
- Registration of TM (trademark);
- Copyright registration;
- Contract preparation;
- Obtaining certificates or tax registration;
