Barabashev & partners
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Legal entity formation in Russia

There are options mostly preferable : OOO, AO, Rep office office

Brief survey.

AO (non public, similar to a closed stock company) is preferable to work when 2 and more shareholders are planning to attend. In compare with OOO shares are more simple to sell or purchase (its quicker & cost effective), easy to join new partners, undisclosed at Tax registry, easy for a orporate work: meetings of shareholders (hard to block decisions), effective procedure of increasing of share capital and etc.)

Minuses: strict regulation: share capital formations, Cenral Bank control, many legal steps of AO should be reported to Central Bank. Big penalties for non reporting and other formal violations, nessesary yearly audition.

Good updates: Corporate agreements (shareholder agreements) with a wide area of terms is possible. However corporate agreements have weak regulations as a result different russian courts practice

AO (non-public, closed company) formation

There is need to determine the followed question first:

- Shareholder

- Kinds of business activity which the company is engaged in

- Address of registration (business address)

- CEO - General director: liability, work permission

- Accounting services

- Bank account

- Determine the amount of charter capital and finansing: assets, money

- Be ready for registration of shares at Cenral Bank RF

The fees depend on the types of services you choose.

OOO formation

There is need to determine the followed question first:

- Shareholder

- Address of registration (business address)

- kinds of business activity in which the company will be engaged

- CEO - General director

- Accounting services

- Bank account

- Amount of charter capital

The fees depend on the types of services you choose.

Please contact us or by phone. Feel free to ask any questions.


Head of practice
Kirill Shcherbakov

Tel:
+7 495 7898451

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