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Business Set-Up & Corporate Secretarial Services
Our practice for registration of Russian companies as well as branches and representative offices of foreign companies is comprised of leading corporate and registration professionals seasoned in the nuances and requirements of the registration process.
We help foreign companies start their business in Russia. We advise both Russian and foreign companies representing all business areas on registration in Russia and assist them with the registration process.
Our services include:
- Legal review of foreign investors’ proposed nature of business in Russia and structuring in terms of compliance with Russian law
- Consulting on corporate registration matters and performing registration procedures
- Consulting on choosing the form of foreign legal entities’ legal presence in Russia. The most common types of business when entering the Russian market are:
- Limited liability company (LLC): A limited liability company is overwhelmingly the most popular legal form for businesses in Russia. LLCs are generally easier to establish and finance than any other legal form. There is no legal requirement for an LLC to register its shares. The liability of each participant in an LLC is limited to the value of their share in the charter capital. The number of participants in an LLC cannot exceed 50 and the minimum charter capital requirement is RUB 10,000 (approximately €140).
- Joint-stock company (JSC): A joint-stock company is the second most popular legal form for businesses in Russia. Two types of JSC exist in Russia: public and private. The minimum share capital for private and public JSCs is RUB 10,000 and RUB 100,000, respectively. JSCs, especially public ones, are much more strictly governed by legislation than LLCs,. JSCs are widely regarded to be more convenient for middle-grade to large businesses.
- Branch: A branch of a foreign legal entity is not a separate Russian legal entity, but a subdivision of its parent company. Branches of foreign legal entities must pass state accreditation to be able to operate in Russia. A branch can engage in some or all kinds of commercial activity of its parent company. A branch is subject to fewer reporting requirements than a standalone Russian legal entity.
- Representative office (RO): Similar to a branch, a representative office of a foreign legal entity is a subdivision of its parent company, and must pass state accreditation. However, unlike branches, ROs are limited to conducting only liaison, marketing and support functions. The reporting of an RO is the same as for a branch.
- Structuring the presence of foreign legal entities in Russia; transfer of activities to another business structure
- Structuring Russian legal entities’ management body systems
- Consulting on compliance with Russian law related to the financial stability of Russian legal entities as well as consulting on how to finance Russian legal entities with foreign participants
- Consulting on licensing issues
- Registration of OOO (LLC), AO (JSC) and other types of for-profit and non-profit organizations.
- Establishing representative offices and branch offices of foreign legal entities
- Registration of branches and representative offices
- Tax registration of foreign legal entities
- Replacing directors of representative and branch offices as well as general directors (CEOs) of Russian legal entities
- Opening bank accounts and structuring bank account management for foreign companies
- Establishing representative and branch offices of Russian legal entities even in remote regions of the Russian Federation
- Assisting in relocating Russian legal entities to another region
- Increasing/decreasing the charter capital of Russian companies, including issuing additional shares
- Consulting and state registration in terms of transferring shares and participatory interests in the charter capital of Russian legal entities; also includes entering new shareholders or participants into Russian legal entities
- Annual corporate compliance and corporate secretarial services, including preparing minutes of management body meetings related to various aspects of a Russian company’s activity
- Preparing documents regulating the internal activity of a Russian company (e.g. Regulations on Board of Directors; Regulations of General Director/CEO)
Related Content:
- Our practice for registration of Russian companies as well as branches and representative offices of foreign companies is comprised of leading corporate and registration professionals seasoned in the nuances and requirements of the registration process.
- We help foreign companies start their business in Russia. We advise both Russian and foreign companies representing all business areas on registration in Russia and assist them with the registration process.
Our Services
TaxWell in russia
Our Contacts
E-mail: moscow@taxwellpartners.com
Address: 127473, Moscow, Krasnoproletarskaya 16/1
Phone: +7 (495) 204 18 11
TaxWell & Partners LLC
TAXWELL & P.
