Russian Federation Российская Федерация (Russian) | |
|---|---|
| Anthem: Государственный гимн Российской Федерации Gosudarstvennyy gimn Rossiyskoy Federatsii "State Anthem of the Russian Federation" | |
_-_All_Territorial_Disputes.svg) Recognised territory of Russia
Claimed but internationally unrecognised
  | |
| Capital and largest city | Moscow 55°45′21″N 37°37′02″E / 55.75583°N 37.61722°E |
| Official and national language | Russian |
| Recognised regional languages | 35 regional official languages |
| Ethnic groups (2021; including Crimea) | |
| Demonym(s) | Russian |
| Government | Federal semi-presidential republic under an authoritarian dictatorship |
| Vladimir Putin | |
| Mikhail Mishustin | |
| Legislature | Federal Assembly |
| Federation Council | |
| State Duma | |
| Formation | |
| 882 | |
| 1157 | |
| 1282 | |
| 16 January 1547 | |
| 2 November 1721 | |
| 15 March 1917 | |
| 30 December 1922 | |
| 12 June 1990 | |
| 12 December 1991 | |
| 12 December 1993 | |
| 8 December 1999 | |
| Area | |
Total | 17,098,246 km2 (6,601,670 sq mi) (within internationally recognised borders) |
Water (%) | 13 (including swamps) |
| Population | |
2025 estimate |
|
Density | 8.4/km2 (21.8/sq mi) (187th) |
| GDP (PPP) | 2025 estimate |
Total |  $7.192 trillion (4th) |
Per capita | $49,383 (43rd) |
| GDP (nominal) | 2025 estimate |
Total |  $2.076 trillion (11th) |
Per capita | $14,258 (65th) |
| Gini (2020) |  36.0medium inequality |
| HDI (2023) | 0.832 very high (64th) |
| Currency | Ruble (₽) (RUB) |
| Time zone | UTC+2 to +12 |
| Calling code | +7 |
| ISO 3166 code | RU |
| Internet TLD | |
Russia, the largest country in the world, is also a significant player in the global economy. If you are planning to start a business in Russia, there are certain legal procedures you need to follow. In this article, we will guide you through the process of registering a business in Russia.
Table of Contents
Types of Business Entities in Russia
There are four main types of legal entities you can register in Russia:
Registering a Business in Russia
Step 1: Choose a Legal Entity
The first step in registering a business in Russia is to choose the legal entity that suits your business needs. You need to consider factors such as the size of your business, the number of shareholders, and the liability of the founders.
Step 2: Choose a Company Name
Once you have decided on the legal entity, you need to choose a unique company name. The name should not be identical or similar to the names of existing companies in Russia. You can check the availability of the name on the website of the Federal Tax Service of Russia.
Step 3: Draft the Charter
The charter is a legal document that defines the structure and governance of the company. The charter should include the company name, legal address, founders, authorized capital, and the purpose of the company.
Step 4: Register with the Tax Authorities
The next step is to register with the tax authorities. You need to obtain a Taxpayer Identification Number (TIN) and register for value-added tax (VAT) and social insurance contributions.
Step 5: Register with the State Registration Chamber
You also need to register with the State Registration Chamber, which is responsible for maintaining the state register of legal entities. You need to submit the charter, the company name, and other relevant documents to the State Registration Chamber.
Step 6: Open a Bank Account
You need to open a bank account for your company to conduct financial transactions. You can choose any bank that is registered in Russia.
Step 7: Obtain Licenses and Permits
Depending on your business activity, you may need to obtain licenses and permits from the relevant authorities. For example, if you are starting a restaurant, you need to obtain a license from the Ministry of Health.
Generis Global Can Help
Registering a business in Russia can be a complex and time-consuming process. Generis Global can help you with the legal part of your business journey in Russia. Our team of experienced lawyers can guide you through the legal requirements and procedures and help you register your business smoothly. Contact us today to learn more about our services.
