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The country is under sanctions by the United Nation’s Security Council and/or the UK Government. Currently B2B Hub is not providing legal and financial services for the present country.

Russian Federation

Legal form:

LLC, JSC

Delivery:

3 months

Price: $

$1,000

Payment methods:

payment methods.webp

Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

Abbreviation

Country

Russian Federation

Email

Phone

Listing
Open website
UK comapny formation (1).webp

About

Russian Federation

Capital
Official languages
Population 
Currency

ISO 4217

Moscow

Russian

146,877,462

Russian Ruble

RUB

FAQ

FAQ for Company Formation in the Russian Federation:


1. What types of business entities can be formed in the Russian Federation?


The Russian Federation recognizes several types of business entities, including Limited Liability Companies (LLCs), Joint-Stock Companies (JSCs), Partnerships, and Branches or Representative Offices of foreign companies.


2. What is the minimum capital requirement for forming a company in the Russian Federation?


The minimum capital requirement for forming a company in the Russian Federation varies depending on the type of business entity being formed. For example, the minimum capital requirement for an LLC is 10,000 rubles, while the minimum capital requirement for a JSC is 100,000 rubles.


3. What are the steps involved in forming a company in the Russian Federation?


The steps involved in forming a company in the Russian Federation include:


- Choosing a company name and verifying its availability with the Unified State Register of Legal Entities.

- Drafting the company's charter and other necessary documents.

- Registering the company with the Federal Tax Service.

- Obtaining necessary permits and licenses, if applicable.

- Opening a bank account for the company.


4. What taxes are applicable to companies operating in the Russian Federation?


Companies operating in the Russian Federation are subject to several taxes, including corporate income tax, value-added tax (VAT), and social security contributions.


5. Can a foreigner own a company in the Russian Federation?


Yes, a foreigner can own a company in the Russian Federation. However, there may be restrictions on foreign ownership in certain industries.


6. What are the restrictions on foreign ownership in the Russian Federation?


There are restrictions on foreign ownership in several industries in the Russian Federation, including media, telecommunications, and certain natural resource sectors.


7. What are the advantages of forming a company in the Russian Federation?


Some of the advantages of forming a company in the Russian Federation include its large and growing market, abundant natural resources, and relatively low labor costs.


8. What are the disadvantages of forming a company in the Russian Federation?


Some of the disadvantages of forming a company in the Russian Federation include its complex tax system, bureaucratic procedures, and corruption. It may also be difficult for foreign companies to compete with well-established domestic companies.


9. Do I need to have a local partner to form a company in the Russian Federation?


No, it is not necessary to have a local partner to form a company in the Russian Federation. However, it may be beneficial to have a local partner who can provide local expertise and connections.


10. Can I register a company in the Russian Federation remotely?


Yes, it is possible to register a company in the Russian Federation remotely. However, certain documents may need to be notarized and sent by mail, which can add to the time and cost of the registration process.

Economy

The Russian Federation has a strong and growing economy. According to the World Bank, the Russian economy grew by 1.3% in 2019, and is expected to grow by 1.8% in 2020. The country has a GDP of $1.7 trillion, making it the 11th largest economy in the world. The unemployment rate in Russia is 4.3%, which is lower than the global average of 5.7%. The inflation rate in Russia is 3.7%, which is lower than the global average of 3.9%. The country has a large and diversified industrial base, with the largest sectors being manufacturing, mining, and energy. Russia is also a major exporter of oil and natural gas, and is the world’s second-largest exporter of oil. The country also has a large agricultural sector, with the main crops being wheat, barley, and rye. Russia is also a major exporter of timber and other forestry products. Overall, the Russian economy is strong and growing, and is expected to continue to grow in the coming years.

Taxation

In the Russian Federation, the taxation system includes taxes on income, profit, property, and value-added tax (VAT). The tax laws apply to both individuals and corporations.


For individuals, income tax is levied on their income from all sources, including employment, business, and investment income. The tax rates range from 13% to 15%, depending on the amount of income earned.


For corporations, the profit tax is levied on their profits. The tax rate is 20% for most corporations, but a reduced rate of 15.5% applies to small businesses. In addition, property tax is levied on the value of land, buildings, and other assets owned by the corporation.


Value-added tax (VAT) is levied on the sale of goods and services. The standard VAT rate is 20%, but reduced rates of 10% and 0% apply to certain types of goods and services.


The tax payment process involves filing tax returns and paying the taxes due. The tax year in Russia is the calendar year, and tax returns must be filed by March 31 of the following year. Advance tax payments must be made on a quarterly basis.


The tax payment process is electronic, and taxpayers can use the tax authorities' online system to file returns and make payments. The system also provides access to tax information, including tax assessments, penalties, and interest charges.

Company incorporation application form

Representative

Chosen company name

Main business activity

Legal address of director

Extra services

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PDF application form

B2B hub provides fillable PDF application forms, you can simply save the filled form and send us by email clicking here  reg@b2bhub.uk or live chat

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