The equivalent of the Trade Register in Russia is the State Registration Chamber, organized by the Russian Ministry of Justice. Its organizational structure is divided into three headquarters: the Organization and Supervision Department, the Administration and General Services Department, Accreditat ...

1. What is the VAT in Russia? VAT in Russia has undergone significant changes since the modification of the Russian Tax Code as of January 2001. VAT is payable by all legal entities and individual entrepreneurs and in most cases its rate is 18%. A zero-rate VAT applies to electricity or transportati ...

A Russian accountant has to be specially trained in order to understand the Russian system in accounting and financing. Accountants in Russia must respect different standards than the international ones. However, some similarities to International Accounting Standards exist in terms of using a doubl ...

1. What is the corporate tax in Russia? In Russia corporations are subject to a corporate tax of 20%. The tax has been reduced from 24% since 2008. 2% of the amount is paid to the central government as federal tax and the rest of 18% is payable to the regional government. 2. What is the VAT in Russi ...

Russian company law dictates the structure of and rules governing corporate entities in the Russian Federation. The Civil Code of the Russian Federation mentions the legal entities and their characteristics. a) Russian General Partnership The general partnership is an unincorporated business with ...

Russian Limited Liability and Joint Stock companies have to be registered in Russia to function, and the procedures are similar for both of them. The major difference resides in the obligation of Joint Stock companies to register the issuance of share certificates, unnecessary for the Limited Liabil ...

The state of Russia offers plenty incentives in many business sectors, and the economy is stable and oriented towards foreign investment. Therefore many entrepreneurs wish to establish companies, and companies establish branches or representative offices on the territory of Russia. A Russian branch ...

1. What is the minimum share capital of a Russian Limited Liability Company? In Russia the minimum share capital of a Limited Liability Company is 10,000 rubles (approx. 350 Euros). 2. What is the minimum share capital for a Russian Joint Stock Company? The minimum capital of the Russian Joint Stoc ...

Being one of the largest and economically strongest countries in Europe, many entrepreneurs find the country of Russia as a fertile territory to start business. Foreign investment is generally regarded as beneficial, and the government offers plenty incentives. One way to invest is by setting up a c ...

Company Law in Russia is based on the Companies Act 1995 and Companies Act 1998. Recent changes have been made to the law that regulates limited liability companies, in 2008-2009 and also to the law for joint stock companies. However, these two types of companies are not the only choices that a fore ...

Country profile The Russian Federation is extended on more than 17 million kilometers square, representing one-eighth of the Earth's inhabited land area, and it has a population of approx. 140 million inhabitants. Its citizens descend from more than 100 ethnic groups, 81.5% being Russians. The natio ...

General overview In 2008, the World Bank estimated in the Russian Economic Report that the foreign investments have reached a total of 18.9 billion EUR. Russia was Europe’s third most valuable trading partner in 2008 and an essential energy supplier. In 2009, Ernst&Young reported a number ...

Russia had its ups and downs in terms of investments through the years, but now it is situated in a favorable position. Ernst & Young's European Attractiveness Survey ranked Russia by 21% rating in 2008, which meant nine points above the registered score in 2007. Although it has never been a top ...

  Limited Liability Companies (OOO) in Russia are a popular form of business for foreign investors, especially when it comes to establishing wholly-owned businesses in Russia. LLCs are open to any form of commercial activity, provided that it does not violate the Russian legislation. However, l ...

A Joint Stock Company is one of the most popular types of business in Russia. Russian JSCs can be either open (OJSC) or closed (CJSC). The difference between the two types of Joint stock companies is that the shares of an open JSC can be transferred freely, while in a closed JSC, share transfers are ...

In order to become a lawyer in Russia, there is no need to complete education in law schools or to pass a bar examination. However, some restrictions apply to those who want to appear in court in criminal matters, since they need to join the Federal Chamber of Advocates. Foreign lawyers in Russia ca ...

The Russian public notary plays an important role in the legal system. The history of public notaries in Russia states that at first there were clerks who used to help people make contracts. Later, the notaries in Russia began to be named like that. A Russian law adopted in February 1993 regulates t ...

The rules of authorization of the power of attorney in Russia are stipulated in the Russian Civil Code. A power of attorney in Russia is defined as an authorization issued by one person for another individual so that the latter has the legal power to represent the donor in front of third parties. Th ...

Starting up a company in Russia requires both time and money. An entrepreneur should analyze well the market and its requirements before proceeding with the registration. 1. What is the minimum share capital? The minimum share capital for establishing a Russian limited liability company is 10,000 ru ...