Unlock your business potential in Russia!
SIGTAX in Russia
A guaranteed smooth company formation process in Russia
SIGTAX in Russia
Unlock your business potential in Russia!
SIGTAX in Russia
Why Choose SIGTAX
Our highly professional team, with curated knowledge of various jurisdictions, has been successfully assisting clients in incorporating and managing their companies in several countries. We also pride ourselves is cost-effective, transparent and timeous service delivery. Lastly, we also pride ourselves in confidentiality. When you work with us, your privacy is guaranteed, and you can rest assured that no aspect of your business will be publicized without your consent.
What we are good at
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Company Formation Services
Sigtax is a respected and well-known company formation services deliverer in Russia and 13 other jurisdictions. Our goal is to get your business set up in record time. Due to our global network of banks, agents, and partners, you will unknowingly tap into a wealth of global resources when you engage us.
Our team of experts stays updated with bleeding-edge information and current business trends regarding accounting, taxation and company law. After you successfully incorporate your company, we will also walk with you, helping you to sort your accounting books and establishing a solid foundation for your young business. We have also taken time to understand various industries, so you can trust our advice and focus on what you want to achieve with your new business in Russia.
Types of companies incorporated in Russia
In Russia, a Limited Liability Company can be created by a single person or by the combine efforts of several legal entities or individual persons. The starting capital can be split into participatory shares. The Limited Liability Company shareholders and participants will, however, not be liable for any of the company’s obligations. They will on bear the losses proportional to their various contributions. Company formation law in Russian states that the number of a shareholder in a Limited Liability Company shall not exceed 50. ,
A lot of investors tend to go for the Limited Liability Company due to its relatively simple incorporation procedure and its favourable taxation regiment. It is possible to fully incorporate an LLC in three working days following the submission of required documents and paperwork. Also, most of the LLCs are eligible for simplified taxation: this refers to the 15% profits tax or the 6% income taxation structures.
To setup up an LLC:
- A minimum share capital of 1000RUB is needed, this is roughly equivalent to 130USD
- A director who is Russian and at least one shareholder(can be from any country)
- If one of the shareholders is a legal entity/company, there have to be at least two shareholders, with the second being a natural person
- A director who is Russian and at least one shareholder(can be from any country)
- The joint-stock company may either be listed on unlisted
- A minimum share capital of 1000RUB is needed, this is roughly equivalent to 130USD
Private joint-stock company
In a Russian Joint Stock Company, all of the available shares a split among the founders of the company or a specified group of individuals. This type of company is closed off as far as the purchase of shares is concerned. The shareholders, however, reserve the right to buy shares offers by other shareholders in the company. Company law also states that the number of shareholders in a Private Joint Stock company should not exceed 50.
Public joint-stock company
This type of company allows for the free sale of shares to the public. Shares can be distributed among an unlimited selection of individuals, or the distribution can be conducted in a closed manner given that this doesn’t go against the structure’s legal acts. Also, a shareholder of a Public joint-stock company does not possess the preemptive rights of buying shares from existing shareholders. The company structure also allows for an unlimited number of shareholders.
This type of business can be fully owned by a foreign company. The general scope of business for a branch office will be fully outlined by the parent company. A branch is fully capable of invoicing local clients and establish contracts and gather incomes from local sales.
A company that is unwilling to conduct business transactions in Russia will have the option of setting up a representative office. The business will, however, be unable to conduct direct sales in Russia. The only activities that can be conducted by representative offices include marketing and promotions.