While the US and Russia have something of a contentious relationship these days, business growth is looking positive. According to the World Bank Guide, Russia is a vast, resource-rich country, with immense diversity. In 2017, supported by growth in real wages, the ruble’s appreciation, and improving consumer credit, consumer demand became the main driver of moderate economic growth in Russia. If you are looking to set up shop in Russia, now’s the time, and IBCF can help!
IBCF Services in Russia
- Entity Formations and Foreign Registrations
The most popular form of business in Russia is the limited liability company (OOO-Obshchestvo s ogranichennoy otvetstvennostyu). A minimum of two shareholders is required and the minimum share capital is 10,000 rubles (~$200). The company will also be required to have a physical registered office, a local bank account, local accountant and a Russian tax identification number. Several documents will be drafted in Russian, based on information provided, such as the Founders minutes, Charter and Foundation Agreement. Typically, the formation process can be completed in one to two months.
Looking to do business in Russia but have no idea where to begin? Reach out to our knowledgeable IBCF corporate specialists—fill out the form to the left and we will be in touch right away!
- Registered Agent/Registered Office
- Document Retrievals (i.e Good Standing, Certified Copy)
IBCF can obtain electronic extracts from Uniform State Register of Legal Entities (USRLE – Uniform State Register of Legal Entities, a federal information resource) and other State Registers in 1 – 3 business days. Extracts are issued electronically, in Russian, and we provide a simple translation into English. Due to the subjective nature of translating names from Russian to English, obtaining the extract is much faster if we have the name in Russian, and/or a tax or registration number (PSRN (OGRN) or (and) TIN (INN)). We can also obtain information on individuals.
. Depending on the document required, we can also assist with finding the right certificate or extract, IBCF has local Russian experts in major cities, with extensive experience obtaining apostilles and legalizations from international consulates. IBCF can manage the entire legalization process from obtaining the documents to apostilles/legalizations at the Ministry of Foreign Affairs and on to be legalized at the consulate of the recipient jurisdiction
- Due Diligence Searches (i.e Lien, Judgment, Bankruptcy)
IBCF can conduct judgment searches, file and retrieve trademarks, and other services in the Russian Federation.
Doing business in a foreign jurisdiction is time consuming enough, let alone the corporate governance and reporting that goes with it.
Partnering with IBCF as your single point of contact can assure you that your critical corporate compliance requirements are handled in a timely, expeditious and cost conscious manner.
An overview of our corporate compliance offerings include:
• Manage yearly jurisdictional compliance requirements and information
• Preparation and filing of statutory filings with corporate registry
• Maintenance of corporate information on compliance specific platform
• Due date tracking capabilities
• Maintain company shareholders and minutes
• Prepare board and/or shareholder resolutions
• Prepare and file audit documents related to corporate changes
• Prepare and file director, officer and shareholder changes
• Prepare meeting documents
• Registered Agent/Registered Office
*Availability of Services are subject to change
For additional information and pricing about our corporate compliance offerings, please contact us and a compliance specialist will contact you shortly.