Shelf company/turnkey solutions for RussiaRussia turnkey solution

Russia business turnkey solutionRegistering a new company in Russia with foreign directors and shareholders takes 4 months (click link) due to the fact that i) due diligence checks are time consuming for foreigners and ii) every director and bank signatory requires a Russian work permit.

Healy Consultants provides our multi-national Clients that want to do business in the Russian market, with work around solutions that have proven advantageous and time-efficient for foreign investors. These are known as fast solutions and they include either:

  • Acquiring a ready-made dormant Russian company with an already approved corporate bank account or;
  • Setting up a new company with Healy Consultants as sole director and shareholder for 4 months, until our Client secures the employment visa;
  • Healy Consultants can also provide nominee services for a longer time, depending on the Client’s requirements.

The fast solutions will allow our Clients to begin trading in Russia within 4 weeks, once we secure the corporate registration numbers from either the existing owner, after the client has signed the purchase agreement or after we have set up a new company with local Russian nominees. Within 2 months, Healy Consultants can provide our Client a fully operational company, that includes: i) company registration number ii) a company tax number iii) a new corporate bank account number or transfer to the existing one and iv) a local business address. Refer to the summary table below:

 Nominee companyShelf companyNew company
Our recommended order of preference123
Estimated total cost of this engagementUS$36,140US$40,640US$15,460
How soon can the company issue invoices and sign legal contract?After 1 monthAfter 3 weeksAfter 3 months
How soon can the company hire local staff?After 1 monthAfter 1 monthAfter 3 months
How soon can we provide our Client a bank account number and tax numberWithin 2 monthsAfter 3 weeksAfter 2 months
Estimated timeframe to change the corporate structure

1 month, using nominees

4 months, using our Client as director

1 month, using nominees

4 months, using our Client as director

0
Paid up share capital requiredUS$170 (RUB10,000)US$0US$170 (RUB10,000)
Draft invoice

Advantages and disadvantages of a fast corporate structure solution

AdvantagesNominee companyShelf company
Your Firm will be able i) invoice customers faster and collect receivables ii) minimize red tape and bureaucracy iii) hire local staff faster iv) sign legal contracts as soon as practical;YesYes
Our client does not have to travel to Russia for company registration and multi-currency corporate bank account opening’YesYes
It is faster to amend the corporate structure to appoint foreign shareholders and directorsYesYes
Does the Client need to secure work permitYes, if wishes to be appointed as directorYes, if wishes to be appointed as director
Disadvantages
It is an expensive solutionYesYes
Sign Nominee AgreementYesYes
Conduct due diligence checks to confirm the company/nominee is cleanYesYes
Depending on Client’s business activity, there might be stricter requirements based on Russian law when securing business license/registration or foreign shareholdingYesYes

Steps to purchase a turnkey solution in Russia

StepsWeek
Healy Consultants Compliance Team receives the required corporate and personal due diligence information from our Client;1
Our Client signs Healy Consultants engagement letter and returns the original to our Singapore Head Office. Our Client settles our fees;1
Our Client confirms by email the planned corporate structure and emails the required due diligence. If required, Healy Consultants will be happy to act as your Firm’s resident director;1
Healy Consultants provides our Client with the available companies for purchase. Our Client decides based on the companies’ characteristics on the preferred one. Our team proceeds to negotiate with the current company owner and sign the purchase agreement.2
Healy Consultants provides our Client i) a company name and number, ii) company office address and iii) a corporate bank account number and iv) a tax number. Our Client can inform customers and suppliers.3
Healy Consultants emails the former and the new Russia shelf company director and shareholder i) the resignation letter ii) the legal share allotment and legal share transfer iii) the legal resolution to change corporate structure and iv) change of company address and v) the lease agreement in Russia (if required)4
The both existing and new directors and shareholders i) sign, ii) provide us with a scan of the same and iii) courier return the original legal transfer documents to Healy Consultants Russia office.4
Healy Consultants’ Company Secretary Team proceeds to i) notarize the same and thereafter ii) submits the transfer documents to Russia company registry and Tax Authorities for processing;
There is an 90% probability that for the notarization of legal forms to appoint new company director our Client will need to travel. In this unfortunate case, our project plan will be delayed by at least 2 weeks, until our Client is available to travel.
Healy Consultants’ Company Secretary Team emails our Client a copy of the signed corporate structure change legal forms: legal share transfer, resignation of old director and appointment of new director, change of company address and lease agreement for our Client’s record;6
The Russia registry approves the change of company ownership application and emails Healy Consultants proof of transaction. Healy Consultants then emails our Client the tax registry official certificate showing the new corporate structure.9
Healy Consultants’ Banking Team and our Client attends a meeting with the Russia bank to appoint our Client as the new bank signatory and submit the corporate bank package containing:

  • Signed appointment of bank signatory forms;
  • Client’s passport copy and proof of address;
  • Russia company kit including the updated corporate structure certificate;
  • Proof of business together with other Client due diligence;

As always, Healy Consultants will aggressively negotiate a travel exemption for our Client, asking the bank to just perform a skype or phone conversation with the bank signatory. Depending on Client nationality, sometimes we are successful and our Client does not have to travel to Russia.

10
The bank approves the appointment of the new bank signatory and will courier internet banking documents (login, password etc) to our Client;11
Healy Consultants will courier the following to our Client;

  • Company Kit containing original Russia corporate documents;
  • The Banking kit;
  • Healy Consultants Customer Satisfaction Survey;
12
Our Client receives a courier from the bank compromising internet banking information. The bank signatory activates the internet banking.13

Russian shelf companies available for immediate purchase

№ п/пNAME OF THE COMPANYTax DepartmentDate of registrationBank account
1ООО "ЭКОФАРМ" / ECOFARM LLC2912/30/2014
2ООО "СТРОЙ-АБСОЛЮТ" / STORY ABSOLUT LLC317/3/2014Sberbank
3ООО "КОМПЛЕКТ МОНТАЖ" / KOMPLEKT MONTAJ LLC437/24/20142Т + corporate card
4ООО "АВТО-ТРЕЙДИНГ" / AUTO TRADING LLC337/24/20142Т + corporate card
5ООО "АВТО-ТРЕЙД" / AUTO TRADE LLC207/28/20142Т + corporate card
6ООО "КомОпт" / KOMPOT LLC47/28/20142Т + corporate card
7ООО "УНИВЕРСАЛ" / UNIVERSAL LLC47/29/20142Т + corporate card
8ООО "ИНВЕСТ" / INVEST LLC137/29/20142Т + corporate card
9ООО "МИНИМАЛ-ТОРГ" / MINIMAL TORG LLC77/30/20142Т + corporate card
10ООО "ПРОФТЕХКОМПЛЕКТ" / PROFTEKHKOMPLEKT LLC247/30/20142Т + corporate card
11ООО "АЛЬФА-ТРЕЙД"/ ALFA TRADE348/4/20142Т + corporate card
12ООО "КОМ-ТРЕСТ" / KOM TREST208/4/20142Т + corporate card
13ООО "МАРКЕТ-СИСТЕМЫ"/ MARKET SYSTEMS LLC198/4/20142Т + corporate card
14ООО "ПРОЕКТ-АЛЬЯНС" / PROJECT ALLIANCE LLC238/4/20142Т + corporate card
15ООО "МОНОЛИТ-ПРО" / MONOLIT PRO78/4/20142Т + corporate card
16ООО "ТОРГОВЫЙ ДОМ ПРОДУКТ" / TORGOVIY DOM PRODUCT LLC18/4/20142Т + corporate card
17ООО "КОМ-КОММЕРЦ" / KOM COMMERCE LLC248/4/20142Т + corporate card
18ООО "СНАБ-ТОРГ" / SNUB-TORG LLC338/4/20142Т + corporate card
19ООО "ПРОФМОНТАЖ" / PROFMONTAJ LLC188/4/20142Т + corporate card
20ООО "ГЛАВ-ОПТ" / GLAV-OPT LLC318/4/20142Т + corporate card
21ООО "СТРОЙ-ПРО" / STORY-SBYT LLC368/4/20142Т + corporate card
22ООО "ОПТ-СБЫТ" / OPT-SBYT LLC438/4/20142Т + corporate card
23ООО "ТРЕЙД-СНАБ" / TRADE SNAB LLC148/4/20142Т + corporate card

Contact us

For additional information on our shelf company services in Russia, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Karen Lee, directly:
client relationship officer - Karen
cpa russia Russia government website Central Bank of Russian Federation Russia federal customs service world trade center moscow