The most common form of doing business in Russia are Limited Liability Companies (LLC). Foreign investors are particularly attracted by the fact that the LLC is responsible for its obligations independently, has a separate balance sheet and independently maintains accounting records.
The participant of the company is not responsible for the debts of the entire company – his liability is limited by the size of his share as a participant. LLC has the opportunity to apply a simplified taxation system (USN), which is beneficial to small and medium-sized businesses. A foreign citizen or a foreign legal entity can create an LLC consisting of only one participant. Thus, a foreign founder can be sure that the development and business reputation of the company will depend entirely on him.
To open an LLC, you need a legal address, authorized capital (at least 10 thousand rubles), as well as a general director.
A foreign citizen who is going to become the founder of an LLC must legally reside on Russian territory, i.e. must have a business visa, residence permit or residence permit.
The opening procedure takes 5 working days from the date of submission of documents to receipt of the certificate. The expenses (on average 20-25 thousand rubles) include the costs of translation, certification and forwarding of documents, as well as the state duty of 4 thousand rubles.
If one of the founders of the LLC is a foreign company, then you will additionally need to provide legalized documents from the country of incorporation containing basic information about the company. The documents must be translated into Russian and certified by a Russian notary.
We have been practicing law for over 20 years. Our team includes specialists, lawyers and attorneys of various specializations, who have a higher legal and economic education, academic and master degrees from Russian and foreign universities. Having accumulated invaluable experience in government bodies, law enforcement agencies, the banking system and consulting, we have created a company that can protect your business in all life situations of life. The company specialises in the resolution of commercial disputes and criminal law protection of business. Our mission is to enable business people to do what they like most, without being distracted by problems, and give them confidence in the correctness of their decisions. We provide high quality legal services and a professional approach to all issues we work with.
