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Foreign Investment in Russia. Russia systematically and purposefully simplifies registration procedures for foreign investors. So far, a foreign investor may establish a legal entity by registering a new firm under Russian legislation (alone or with a Russian partner) or purchase a share in the existing Russian company. 

Registration procedure for foreign-invested enterprises is similar to internal registration, but has some peculiarities related to the list of required documents and payment order of authorized capital of the new company.

Legislation of the Russian Federation establishes foreign-invested enterprise registration procedure, legal status, taxation level, labor legislation subordination and restrictions on acquisition of shares in some sectors.

Organizational and legal forms of foreign-invested enterprise may be different. The most common legal forms in Russia are business companies:

  • Limited Liability Company (LLC).

  • Open Joint Stock Company (OJSC).

  • Joint Stock Company (JSC).

The choice of the legal form depends on the goals for registering the company, the number of founders and the size of the authorized capital. Legal requirements for minimum capital of the foreign-invested enterprise are the same as for the companies without foreign investment (LLC, JSC — 100 minimum monthly wages, OJSC — not less than 1 000 minimum monthly wages).


Documents for 100% equity foreign-invested enterprises registration:

If the founder is a foreign legal entity (company):

1.png

...Abstract of Trade Register or certificate of business registration in the country of origin (required);
2.png  ...Documents confirming the non-resident’s solvency (Balance Guarantee);
3.png

...Power of attorney for the particular private person who is entitled to sign documents, open accounts and perform all the activities related to the foreign-invested enterprise registration;
8.png   ...Certificate on tax number in the country of origin of the company;
6.png  ...Documents confirming the company head authority

If the founder is a foreign individual:

1.png

...Passport copy (required), translated and notarized;
2.png  ...Note concerning permanent registration of a foreign individual in the Russian Federation;

Foreign documents are accepted only with authentic marks of consular legalization or apostille (if the exemption from these procedures is not provided for by international agreements of the Russian Federation) together with a notarized Russian translation.

To register the LLC with 100% foreign investment at least 50% of the authorized capital of the established enterprise should be paid in rubles, thus the foreign company should open currency and ruble accounts in Russian Federation.

After that the documents for the company registration are filed to the Department of the Federal Tax Service in the chosen place of registration.


Documents for foreign-invested enterprise registration (equity participation):

If the founder is a foreign legal entity (company):

1.png

...Abstract of Trade Register or certificate of business registration in the country of origin (required);
2.png  ...Documents confirming the non-resident’s solvency (Balance Guarantee);
3.png

...Power of attorney for the particular private person who is entitled to sign documents, open accounts and perform all the activities related to the foreign-invested enterprise registration;
8.png   ...Certificate on tax number in the country of origin of the company;
6.png  ...Documents confirming the company head authority

If the founder is a foreign individual:

1.png

...Business certificate or a certificate from the embassy;
2.png
   
...Balance Guarantee;
3.png

...Passport copy (required).

For settlements on the purchase and sale of shares in the already existing Russian company, the foreign company should open currency and ruble accounts in Russian Federation.

To open a bank account a foreign company must register with the tax authorities of Russia.