Frequently Asked Questions about Russia
The following are some of the most frequently asked questions about Russia company incorporation:
How long does it take to incorporate a Russian company?
How difficult is it to open a corporate bank account for a Russian company?
What is the minimum number of directors required for a Russian company?
Is a resident director required?
What is the minimum number of shareholders required for a Russian company?
Are shareholder/director details available for public viewing?
What are the minimum capital requirements for a Russian company?
What is the problem of setting up a Russian LLC?
Is a Russian company required to submit an annual return and/or financial statements?
How much tax does a Russian company pay?
Does a Russian LLC benefit from Double Taxation treaties?
How long does it take to incorporate a Russian company?
Setting up a Russian company is time-consuming and can take up to eight weeks.
How difficult is it to open a corporate bank account for a Russian company?
It is very easy to open a corporate bank account with a reputable international bank in the Russia.
What is the minimum number of directors required for a Russian company?
A Russian LLC needs a minimum of one director.
Is a resident director required?
A resident director is not required for a Russian LLC.
What is the minimum number of shareholders required for a Russian company?
A Russian LLC requires a minimum of one shareholder.
Are shareholder/director details available for public viewing?
Yes.
What are the minimum capital requirements for a Russian company?
A Russian LLC requires a minimum share capital of US$370.
What is the problem of setting up a Russian LLC?
A Central Bank approval is required if the company has more than 50% foreign ownership.
Is a Russian company required to submit an annual return and/or financial statements?
A Central Bank approval is required if the company has more than 50% foreign ownership.
How much tax does a Russian company pay?
A Russian LLC is liable to pay 32% corporate tax on profits. In addition, the company has to pay Federal and Municipal taxes (vary according to the levels of capitalization).
Does a Russian LLC benefit from Double Taxation treaties?
Russia has an extensive network of Double Taxation treaties with countries including Australia, Canada, China, France, Germany, India, Japan, New Zealand, the UK and USA.
Contact Us
For more information on any of our Russian corporate services, email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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