DANARG

Russia

 Russia f

 

Official Name:  Russia

            Moscow

Russian

        Russian ruble

Russia g

OUR SERVICES;                      

  • Consultation (in person, online, phone)
  • Helping to prepare your documents
  • Start to finish your company registration process
  • Immigration services

 

Russia 

 

Russia is a country that has a rich and complex history, culture, economy, and politics. It is the largest country in the world, covering more than one-eighth of the Earth’s land area, and it has been a major player in world affairs for centuries.

History:
Russia has a long and fascinating history that spans over a thousand years. The earliest known state on Russian territory was the Kievan Rus, which was founded in the 9th century. Over time, the Russian state grew in size and power, eventually becoming the Tsardom of Russia in the 16th century. The tsars ruled Russia for over three centuries, until the Russian Revolution of 1917, which led to the establishment of the Soviet Union. The Soviet period saw Russia become a superpower, but it also saw a great deal of upheaval, including political purges, famines, and wars. The collapse of the Soviet Union in 1991 led to the formation of the Russian Federation, which is the country we know today.

Culture:
Russia has a rich cultural heritage that spans literature, art, music, and dance. Some of the most famous Russian writers include Leo Tolstoy, Fyodor Dostoevsky, and Anton Chekhov. Russian art is renowned for its bold and colorful style, as seen in the works of artists like Wassily Kandinsky and Marc Chagall. Russian music has also had a significant impact on the world, with composers like Pyotr Ilyich Tchaikovsky and Sergei Rachmaninoff producing some of the most beautiful and stirring pieces in classical music. Russian ballet is also famous around the world, with the Bolshoi Ballet in Moscow being one of the most prestigious ballet companies.

Economy:
Russia is one of the world’s largest economies, with vast natural resources and a highly educated workforce. Its economy is heavily reliant on the production and export of oil, gas, and other natural resources. In recent years, Russia has sought to diversify its economy by investing in sectors like technology and agriculture. However, the Russian economy has been hit hard by international sanctions and falling oil prices in recent years, leading to economic difficulties for many ordinary Russians.

Politics:
Russia is a federal semi-presidential republic, with a president and a prime minister. The current president of Russia is Vladimir Putin, who has been in power since 2000. Putin has been criticized for cracking down on political dissent and for interfering in the politics of other countries. Russia has also been accused of human rights abuses, particularly in relation to its treatment of LGBT people and political prisoners. The country has been the subject of international sanctions and diplomatic tensions in recent years, particularly in relation to its involvement in conflicts in Ukraine and Syria.

 

Types of companies  

 

Joint Stock Company (JSC): A JSC is a type of company that is owned by shareholders who hold shares in the company. JSCs are required to have a minimum of two shareholders and there is no limit on the maximum number of shareholders. JSCs can be publicly or privately held.

Limited Liability Company (LLC): An LLC is a type of company that is owned by its members. The liability of each member is limited to their investment in the company. LLCs can be owned by individuals or legal entities, and there is no minimum or maximum number of members.

Partnership: There are two types of partnerships in Russia – general partnerships and limited partnerships. In a general partnership, all partners are personally liable for the debts of the company. In a limited partnership, there are both general partners who are personally liable and limited partners who have limited liability.

Sole Proprietorship: A sole proprietorship is a type of business owned and operated by a single individual. This type of business is not a legal entity separate from the owner, so the owner is personally liable for the debts of the business.

Representative Office: A representative office is a type of non-commercial organization that represents a foreign company in Russia. Representative offices are not allowed to engage in commercial activities, but they can engage in promotional and marketing activities.

Branch: A branch is a type of commercial organization that is a part of a larger company. Branches are allowed to engage in commercial activities, but they are not considered a separate legal entity from the parent company.

 

 

Access to a large and growing market: Russia is the world’s largest country by land area, and it has a population of over 144 million people. This means that there is a large and growing market for goods and services in Russia, which can be accessed by companies that are registered in the country.

Favorable tax regime: Russia has a relatively low corporate tax rate of 20%, which is one of the lowest in Europe. Additionally, there are several tax incentives and exemptions available for companies operating in specific sectors or regions of the country.

Strong legal protections: Russia has a well-developed legal system that provides strong protections for companies and investors. Intellectual property rights are well-protected, and there are mechanisms in place for resolving disputes between companies.

Skilled workforce: Russia has a highly educated and skilled workforce, with a large number of university graduates in fields such as engineering, science, and technology. This makes it easier for companies to recruit and retain top talent.

Strategic location: Russia is located at the crossroads of Europe and Asia, making it a strategic location for companies looking to expand into these regions. Additionally, Russia has a vast network of transportation infrastructure, including ports, railways, and airports, making it easier to move goods and materials across the country and beyond.

Support for foreign investors: The Russian government has taken several steps to make it easier for foreign companies to invest in the country. For example, there are special economic zones that offer tax incentives and other benefits to foreign investors.

 

Common questions:

 

What is the process for registering a company in Russia?
The process for registering a company in Russia involves several steps, including:

Choosing a legal form for your company (LLC, JSC, etc.)
Selecting a company name and obtaining approval from the relevant authorities
Drafting the company charter and other founding documents
Registering with the tax authorities and obtaining a taxpayer identification number (INN)
Registering with the state statistics agency (Rosstat)
Registering with the pension fund and social insurance fund
Registering with the Federal State Statistics Service (Rosstat)
Opening a bank account for the company

How long does it take to register a company in Russia?
The time required to register a company in Russia can vary depending on the legal form of the company and the complexity of the registration process. Generally, it can take anywhere from a few weeks to a few months to complete all of the necessary steps.

What are the requirements for registering a company in Russia?
The requirements for registering a company in Russia include:

Choosing a legal form for the company
Having at least one founder (individual or legal entity)
Having a registered office address in Russia
Obtaining approval for the company name
Drafting the company charter and other founding documents
Registering with the tax authorities and obtaining an INN
Registering with the state statistics agency (Rosstat)
Registering with the pension fund and social insurance fund
Registering with the Federal State Statistics Service (Rosstat)
Opening a bank account for the company

Can foreigners register a company in Russia?
Yes, foreigners can register a company in Russia, and there are no restrictions on foreign ownership.

What are the advantages of registering a company in Russia?
Some of the advantages of registering a company in Russia include:

Access to the Russian market and consumer base
Low tax rates and incentives for certain industries
Competitive labor costs
Favorable geographic location for international trade
Government support for certain industries
Established infrastructure for business operations

What are the disadvantages of registering a company in Russia?
Some of the disadvantages of registering a company in Russia include:

Complex and bureaucratic registration process
Uncertainty regarding the legal and regulatory environment
Language and cultural barriers
High corruption levels in some sectors
Political instability and geopolitical tensions

How much does it cost to register a company in Russia?
The cost of registering a company in Russia can vary depending on the legal form of the company and the services required. Generally, the costs can range from several thousand to tens of thousands of rubles.

What is the minimum capital requirement for registering a company in Russia?
The minimum capital requirement for registering a company in Russia varies depending on the legal form of the company. For example, the minimum authorized capital for a JSC is 100,000 rubles, while there is no minimum capital requirement for an LLC.

Can a company be registered without a physical office in Russia?
No, a company must have a registered office address in Russia to be registered.

What documents are required for company registration in Russia?
The documents required for company registration in Russia include:

Founding documents (charter, memorandum of association, etc.)
Proof of identity for the founders and directors
Proof of legal address
Approval for the company name
INN application and other tax-related documents

Is it necessary to have a local partner or shareholder to register a company in Russia?
No, it is not necessary to have a local partner or shareholder to register a company in Russia.

Can a foreigner be the sole owner of a company in Russia?
Yes, a foreigner can be the sole owner of a company in Russia.

What is the difference between a JSC and LLC in Russia?
JSC (Joint Stock Company) is a type of company where ownership is represented by shares, while LLC (Limited Liability Company) is a type of company where ownership is represented by quotas.

Can a foreigner be the director of a company in Russia?
Yes, a foreigner can be the director of a company in Russia.

Are there any restrictions on foreign ownership in Russia?
No, there are no restrictions on foreign ownership in Russia.

Is it necessary to have a local director to register a company in Russia?
No, it is not necessary to have a local director to register a company in Russia.

How long does it take to obtain a business visa for Russia?
The processing time for a business visa for Russia can vary, but it typically takes around 2-4 weeks.

What is the procedure for obtaining a business visa for Russia?
The procedure for obtaining a business visa for Russia involves submitting a visa application, providing necessary documentation, and attending an interview at the Russian embassy or consulate.

How long is a business visa valid for in Russia?
A business visa for Russia is typically valid for up to 90 days within a 180-day period.

Can a business visa be extended in Russia?
Yes, a business visa can be extended in Russia, but the process can be complicated and time-consuming.

What are the tax implications of registering a company in Russia?
The tax implications of registering a company in Russia include paying corporate income tax, value-added tax (VAT), and other taxes and fees.

What is the corporate tax rate in Russia?
The corporate tax rate in Russia is 20%.

Are there any tax incentives available for companies in Russia?
Yes, there are various tax incentives available for companies in Russia, such as tax breaks for certain industries or regions.

Is it necessary to register for VAT in Russia?
Yes, it is necessary to register for VAT in Russia if your company’s annual revenue exceeds a certain threshold.

How do I register for VAT in Russia?
You can register for VAT in Russia by submitting an application to the tax authorities and providing the necessary documentation.

What is the VAT rate in Russia?
The VAT rate in Russia is 20%.

What is the procedure for importing goods into Russia?
The procedure for importing goods into Russia involves obtaining necessary documentation, paying customs duties and taxes, and complying with various regulations.

What are the customs duties and taxes for importing goods into Russia?
The customs duties and taxes for importing goods into Russia vary depending on the type and value of the goods.

Are there any restrictions on importing goods into Russia?
Yes, there are various restrictions on importing goods into Russia, such as restrictions on certain types of products or origin countries.

What are the requirements for exporting goods from Russia?
The requirements for exporting goods from Russia involve obtaining necessary documentation, complying with various regulations, and paying any applicable taxes and fees.

Are there any restrictions on exporting goods from Russia?
Yes, there are various restrictions on exporting goods from Russia, such as restrictions on certain types of products or destination countries.

What are the employment regulations in Russia?
The employment regulations in Russia cover various aspects of employment, such as working hours, minimum wage, and employment contracts.

What is the minimum wage in Russia?
The minimum wage in Russia varies depending on the region, but it is currently around 12,792 rubles per month.

How many hours per week are employees allowed to work in Russia?
In Russia, the maximum number of working hours per week is 40 hours.

What is the maximum number of working hours per day in Russia?
In Russia, the maximum number of working hours per day is 8 hours.

What are the requirements for employing foreign workers in Russia?
To employ foreign workers in Russia, the employer must obtain a work permit and a residence permit for the employee. The employer must also ensure that the foreign worker is qualified and has the necessary documents, such as a passport and work contract.

Is it necessary to obtain a work permit for foreign workers in Russia?
Yes, it is necessary to obtain a work permit for foreign workers in Russia.

How long does it take to obtain a work permit for foreign workers in Russia?
The processing time for a work permit for foreign workers in Russia can vary, but it typically takes between 30 and 90 days.

What are the requirements for obtaining a work permit for foreign workers in Russia?
The requirements for obtaining a work permit for foreign workers in Russia include a work contract with the employer, a valid passport, a medical certificate, and other documents depending on the type of work being performed.

Is it necessary to obtain a residence permit for foreign workers in Russia?
Yes, it is necessary to obtain a residence permit for foreign workers in Russia if they plan to stay in the country for longer than 90 days.

How long does it take to obtain a residence permit for foreign workers in Russia?
The processing time for a residence permit for foreign workers in Russia can vary, but it typically takes between 30 and 90 days.

What are the requirements for obtaining a residence permit for foreign workers in Russia?
The requirements for obtaining a residence permit for foreign workers in Russia include a work permit, a valid passport, a medical certificate, proof of accommodation, and other documents depending on the type of work being performed.

What is the procedure for opening a bank account for a company in Russia?
The procedure for opening a bank account for a company in Russia involves providing the bank with the necessary documents, such as the company registration certificate, proof of identification for the account signatories, and proof of address.

Are there any restrictions on opening a bank account for a company in Russia?
There are no specific restrictions on opening a bank account for a company in Russia, but the bank may require additional documents or information depending on the nature of the company’s business.

What are the requirements for maintaining a bank account for a company in Russia?
The requirements for maintaining a bank account for a company in Russia include keeping accurate records of all financial transactions, complying with anti-money laundering and anti-terrorist financing regulations, and ensuring that the account remains in good standing.

What are the penalties for non-compliance with tax and other regulations in Russia?
The penalties for non-compliance with tax and other regulations in Russia can include fines, suspension of business activities, and criminal prosecution.

What is the procedure for changing the name of a company in Russia?
The procedure for changing the name of a company in Russia involves submitting an application to the tax authorities, obtaining approval for the new name, updating the company’s registration documents, and publishing the name change in the official media.

What is the procedure for changing the ownership structure of a company in Russia?
The procedure for changing the ownership structure of a company in Russia involves updating the company’s registration documents, obtaining approval from the tax authorities, and updating the company’s records with the relevant government agencies.

What is the procedure for changing the registered office address of a company in Russia?
To change the registered office address of a company in Russia, the company must submit an application to the tax authorities along with the necessary documents, such as the lease agreement for the new address and a certificate of registration at the new address. Once approved, the tax authorities will update the company’s registration details.

What is the procedure for changing the director of a company in Russia?
To change the director of a company in Russia, the company must hold a general meeting of shareholders to vote on the new director. The decision must then be registered with the tax authorities, and the company must provide the necessary documents, such as a copy of the decision and the new director’s identification documents.

What is the procedure for changing the shareholders of a company in Russia?
To change the shareholders of a company in Russia, the company must update its charter and notify the tax authorities. The new shareholders must provide identification documents, and the company must provide a list of all shareholders with their respective shares. The tax authorities will then update the company’s registration details.

What is the procedure for liquidating a company in Russia?
To liquidate a company in Russia, the company must hold a general meeting of shareholders and pass a resolution to liquidate. The liquidation process involves settling all outstanding debts, selling off assets, and distributing the remaining funds among the shareholders. The company must then submit the necessary documents to the tax authorities to deregister and officially dissolve the company.

What are the tax implications of liquidating a company in Russia?
The tax implications of liquidating a company in Russia depend on various factors, such as the type of company, its assets, and the nature of the liquidation. Generally, the company must settle all outstanding tax debts and may be subject to additional taxes, such as capital gains tax on the sale of assets. However, some types of liquidation may be exempt from certain taxes, such as a liquidation due to bankruptcy. It is advisable to consult with a tax professional to understand the specific tax implications of liquidating a company in Russia.

 

Documents required to register a company:

 

Company charter: This is the document that outlines the company’s legal structure, purpose, and other details.

Application for registration: This is a form that provides information about the company’s founders, directors, and other key personnel.

Founders’ agreement: This is an agreement between the founders of the company that outlines their responsibilities, rights, and ownership stakes in the company.

Proof of payment of state registration fee: This is a receipt that proves that the state registration fee has been paid.

Identification documents: All founders and directors of the company must provide their passport or other identification documents.

Power of attorney: If someone is acting on behalf of the company during the registration process, they will need to provide a power of attorney document.

Lease agreement or proof of ownership of premises: This document proves that the company has a legal address in Russia.

Tax registration: The company will need to register with the tax authorities and provide the necessary documents for tax registration.

 

Types of Companies in Russia

 

Limited Liability Company (LLC): This is the most popular type of company in Russia. An LLC requires a minimum of one founder and one shareholder, and there is no minimum capital requirement. The liability of the shareholders is limited to the amount of their contribution to the company. An LLC is managed by a director or a board of directors.

Joint Stock Company (JSC): A JSC is a company whose capital is divided into shares. A minimum of two founders is required, and there is a minimum capital requirement of RUB 10 million. The shareholders’ liability is limited to the amount of their contribution to the company. A JSC can be managed by a board of directors or a director.

Sole Proprietorship: This is a type of company that is owned and managed by a single individual. The owner is personally liable for all the debts and obligations of the company.

Partnership: A partnership is a company that is owned and managed by two or more individuals. The partners are personally liable for all the debts and obligations of the company.

Branch: A branch is a separate unit of a foreign company that operates in Russia. The branch has no legal status of its own and is considered an extension of the parent company.

Representative Office: A representative office is a type of company that is set up to represent the interests of a foreign company in Russia. A representative office cannot engage in commercial activities and is limited to marketing and other non-commercial activities.

 

The company registration process in Russia

 

Choose the type of company: Choose the type of company that suits your business needs. You can choose from LLC, JSC, or other types of legal entities.

Choose a name: Choose a unique name for your company and verify its availability with the Unified State Register of Legal Entities.

Obtain necessary documents: Obtain the necessary documents, including a passport or ID of the founder(s), a tax registration certificate, and the company’s charter.

Open a bank account: Open a bank account in the company’s name and deposit the minimum required capital.

Register the company: Register the company with the Federal Tax Service (FTS) by submitting the necessary documents and paying the registration fee.

Obtain necessary licenses and permits: Obtain the necessary licenses and permits required to operate your business.

Register with social funds: Register with social funds, including the Pension Fund and the Social Insurance Fund, and obtain a registration number.

Register with the Statistical Authority: Register with the Federal State Statistics Service and obtain a statistical code.

Register with the State Labour Inspectorate: Register with the State Labour Inspectorate and obtain a certificate of compliance.

Register with the State Registration Chamber: Register with the State Registration Chamber and obtain a registration number.

 

Major banks in Russia

 

Sberbank – the largest bank in Russia with a wide range of services and over 14,000 branches.

VTB Bank – a state-owned bank that provides banking services to individuals and businesses, with over 1,000 branches in Russia.

Gazprombank – a bank that provides corporate and retail banking services, with a focus on the oil and gas industry.

Alfa-Bank – a privately owned bank that provides banking services to individuals and businesses, with a focus on digital services.

Rosselkhozbank – a state-owned bank that specializes in agricultural financing.

Promsvyazbank – a privately owned bank that provides banking services to individuals and businesses, with a focus on small and medium-sized enterprises.

Raiffeisenbank – a subsidiary of the Austrian Raiffeisen Bank International that provides banking services to individuals and businesses.

UniCredit Bank – a subsidiary of the Italian UniCredit Group that provides banking services to individuals and businesses.

 

The top universities in Russia

 

Lomonosov Moscow State University – Moscow
Website: www.msu.ru
Major courses: Mathematics, Computer Science, Physics

Saint Petersburg State University – Saint Petersburg
Website: www.spbu.ru
Major courses: Mathematics, Linguistics, Sociology

Novosibirsk State University – Novosibirsk
Website: www.nsu.ru
Major courses: Physics, Mathematics, Computer Science

Moscow Institute of Physics and Technology – Moscow
Website: www.mipt.ru
Major courses: Physics, Mathematics, Computer Science

Bauman Moscow State Technical University – Moscow
Website: www.bmstu.ru
Major courses: Engineering, Applied Physics, Computer Science

Moscow State Institute of International Relations (MGIMO) – Moscow
Website: www.mgimo.ru
Major courses: International Relations, Political Science, Economics

Higher School of Economics – Moscow
Website: www.hse.ru
Major courses: Economics, Social Sciences, Computer Science

Tomsk State University – Tomsk
Website: www.tsu.ru
Major courses: Physics, Mathematics, Materials Science

Kazan Federal University – Kazan
Website: www.kpfu.ru
Major courses: Linguistics, History, Physics

Moscow State Linguistic University – Moscow
Website: www.linguanet.ru
Major courses: Linguistics, Translation Studies, Foreign Languages.

 

Strange or unusual to visitors in Russia

 

Drinking tea with jam: In Russia, it is customary to serve tea with jam or honey instead of milk.

Wearing shoes indoors: Unlike in many other countries, it is common in Russia to wear shoes indoors.

Kissing on the cheeks: Russians often greet each other with a kiss on the cheek, even if they are meeting for the first time.

Smiling: Russians are generally not as expressive with their emotions as people from some other cultures, so visitors may notice that people in Russia don’t smile as much as they might expect.

Long winters: Russia has a long and cold winter season, which may be unusual for visitors from warmer climates.

Language barrier: While English is widely spoken in major cities, visitors may encounter some language barriers, especially in more rural areas.

Banya (sauna) culture: Russians have a strong tradition of visiting banyas (saunas) for relaxation and socializing.

Taking off hats indoors: It is considered rude to wear a hat indoors in Russia, so visitors may be asked to remove their hats upon entering a building.

Use of honorifics: Russians often use honorifics when addressing someone older or in a position of authority, which may seem formal to visitors from other cultures.

Food portions: Russian portions of food can be quite large, which may be surprising to visitors who are used to smaller portion sizes.

 

“Tips for Newcomers: Adjusting to Life in Russia”

 

Learn the language: Russian is the official language of the country, and while many people speak English, it’s always helpful to know some Russian. It will make it easier to communicate with locals, make friends, and navigate daily life.

Understand the culture: Russian culture can be quite different from what you’re used to, so take the time to learn about it. This will help you avoid cultural misunderstandings and appreciate the country’s unique traditions and customs.

Get to know the people: Russians are friendly and hospitable people, so take the time to meet locals and make friends. Joining a club or taking a class is a great way to meet people who share your interests.

Embrace the weather: Russia can be cold and snowy in the winter, so invest in warm clothing and learn to enjoy winter sports like skiing and ice skating. In the summer, the weather can be quite warm, so take advantage of outdoor activities like hiking and swimming.

Be patient: bureaucracy in Russia can be slow and frustrating, so be prepared to wait in lines and fill out lots of paperwork. Take a deep breath, stay calm, and remember that it’s all part of the experience.

Be open-minded: Russia is a diverse and fascinating country, with a rich history and culture. Be open to new experiences, try new foods, and explore all that the country has to offer.

Stay safe: like any big city, there are safety concerns in Russia. Be aware of your surroundings, avoid dark and isolated areas, and be cautious when using public transportation.

Enjoy the journey: adjusting to life in Russia can be challenging, but it can also be one of the most rewarding experiences of your life. Take the time to enjoy the journey, and appreciate all that this amazing country has to offer.

 

Top recruitment agencies in Russia

 

Hays Russia – https://www.hays.ru/
Kelly Services Russia – https://www.kellyservices.ru/
Antal Russia – https://www.antalrussia.ru/
Manpower Russia – https://www.manpower.ru/
Staffwell – https://www.staffwell.com/
Adecco Russia – https://www.adecco.ru/
JobTiger – https://jobtiger.ru/
HeadHunter Russia – https://hh.ru/
Randstad Russia – https://www.randstad.ru/
CleverStaff – https://cleverstaff.net/

 

Necessary phone numbers in Russia

 

Emergency services: 112 (can be used for police, ambulance, and fire emergencies)
Police emergency: 02
Medical emergency: 03
Fire emergency: 01
Directory assistance: 09
International operator: 8-10-XX-XX (replace XX-XX with the country code and phone number)
Domestic operator: 8-09-09
Moscow taxi service: +7 (495) 500-00-00
St. Petersburg taxi service: +7 (812) 777-77-77

 

International language center in Russia

 

Moscow State University Language Center: Located in Moscow, this language center offers language courses in English, Spanish, French, German, Italian, Chinese, Japanese, and Arabic.
Website: https://lingua.msu.ru/en/

Language Link: With locations in Moscow, St. Petersburg, and other cities, Language Link offers language courses in English, Russian, French, Spanish, German, Italian, Chinese, and Japanese.
Website: https://languagelink.ru/en/

Liden & Denz: Located in Moscow and St. Petersburg, Liden & Denz offers Russian language courses for international students.
Website: https://lidenz.ru/

International House Moscow: Located in Moscow, International House Moscow offers language courses in English, Russian, and other languages.
Website: https://ihmoscow.ru/

ProBa Language Centre: Located in St. Petersburg, ProBa Language Centre offers Russian language courses for international students.
Website: https://www.russian-learning.com/

 

error: Content is protected !!
Scroll to Top