Business in Russia

TRADE EXHIBITIONS

If you would like details of trade exhibitions in Russia that are in your business sphere please email us for information. We can help you with invitations and all aspects of your visit to the exhibition of your choice in either Moscow, St. Petersburg or any other city in Russia and also make your journey a trip to remember with sight-seeing and entertainments. For business flights and hotels look at our hotel page

The first thing to do about starting your business in Russia is to visit the British Embassy website in Moscow, register with them and get information about doing business in Russia. Some information you can get free whilst more specialised reports incur a charge.

If you decide to start a business we can help you in your registration, legal entity of your business and accountancy procedures. We have tailored 3 packages to suit the majority of company start up needs

Silver Start-up Package

The Silver Start-up Package is for companies who already know what kind of legal form is right for them and already have an accounting system in place. If you know for example that a Representative Office suits your needs better than a Russian Limited Liability or Private Joint Stock Company, the Silver Package is for you.

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Silver Start-up Package

The form of legal presence in Russia influences all aspects of activity including possibility for making deals and tax consequences of the deals, financial and tax accounting and reporting, possibilities under customs, currency control legislation, ability to employ foreign nationals, repatriation of income, application of international treaties and many others. Therefore, particular attention must be paid to Russian business modeling to be made PRIOR setting up legal presence in Russia.

Legal services

1. Registration of an entity in Russia*

2. For any of the above forms,WE will:

prepare all the documents necessary for registration
register your company with all relevant state structures (accreditation chambers, tax authorities, statistics committee, social, medical, pension funds)
represent your firm with state structures
open bank accounts

Consulting

Consultations on corporate, labor, tax, currency control, and migration legislation (up to 5 hours)** OUR specialists will give you briefings on the most important aspects of Russian legislation for business.

* Choose one entity to be registered
** More consultations available at OUR hourly rates

Gold Start-up Package

The Gold Start-up Package has been developed for companies and individuals who need accounting services during start-up operations. This package includes more hours of consulting for those who wish detailed advice on corporate, tax, labor, migration, and currency control legislation.

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Gold Start-up Package

The form of legal presence in Russia influences all aspects of activity including possibility for making deals and tax consequences of the deals, financial and tax accounting and reporting, possibilities under customs, currency control legislation, ability to employ foreign nationals, repatriation of income, application of international treaties and many others. Therefore, particular attention must be paid to Russian business modeling to be made PRIOR setting up legal presence in Russia.

Legal services:

1. Registration of an entity in Russia*

For any of the above forms, WE will:

prepare all the documents necessary for registration
register your company with all relevant state structures (accreditation chambers, tax authorities, statistics committee, social, medical, pension funds)
represent your firm with state structures
open bank accounts

Accounting services**

For the first three months WE will:

3 reasons to outsource accounting services

Experienced and bilingual accounting personnel is required. Why?

-  Russian financial and tax accounting standards differ from generally accepted standards worldwide;

-  Accounts should be made in Russian and with use of special statutory forms and accounts;

-   Accountants of a foreign company subsidiary should speak English , at least to communicate with the Headquarters. BUT professionals speaking foreign languages are rare and, thus expensive;

-  Transformation of Russian accounting data into a form understandable by Shareholders.
Accounting requires deep and extensive knowledge in other areas including civil law, taxation, currency and exchange transaction rules, operations at customs, labor and migration issues and etc. Why should you employ much staff? Employ US which has all specialists and may guarantee full compliance of accounting and reporting without wasting extra time and money.
Liaison with the tax authorities is troublesome.

Consulting services:

Consultations on corporate, labor, tax, currency control, and migration legislation (up to 10 hours)*** OUR specialists will provide more detailed advice on the most important aspects of Russian legislation for business.

* Choose one entity to be registered
** Accounting services provided at a fixed flat fee for initial three month period, provided no sales are made during this period (which can be provided at additional cost). WE can continue providing accounting services after the start-up period.
*** More consultations available at OUR hourly rates

Platinum Start-up Package

The Platinum Start-up Package has been developed for companies and individuals who need full support during the process of establishing a business in Russia. If you aren't sure what kind of legal form is best for your business, need counseling on the tax implications of each legal form, want help drafting contracts - the Platinum Package is right for you.

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Platinum Start-up Package

Consulting services (up to 30 hours)*

Consultations on the most appropriate legal form of business presence in Russia - covering all aspects of activity including possibility for making deals and tax consequences of the deals, financial and tax accounting and reporting, possibilities under customs, currency control legislation, ability to employ foreign nationals, repatriation of income, application of international treaties and many others.

Legal services:

1. Registration of an entity in Russia**

For any of the above forms, WE will:

prepare all the documents necessary for registration
register your company with all relevant state structures (accreditation chambers, tax authorities, statistics committee, social, medical, pension funds)
represent your firm with state structures
open bank accounts

2. Obtain work permits and work visas for up to three foreign employees***

Accounting services****

For the first three months WE will:

3 reasons to outsource accounting services

Experienced and bilingual accounting personnel is required. Why?

-  Russian financial and tax accounting standards differ from generally accepted standards worldwide;

-  Accounting should be made in Russian and with use of special statutory forms and accounts;

-   Accountants of a foreign company subsidiary should speak English , at least to communicate with the Headquarters. BUT professionals speaking foreign languages are rare and, thus expensive;

-  Transformation of Russian accounting data into a form understandable by Shareholders.
Accounting requires deep and extensive knowledge in other areas including civil law, taxation, currency and exchange transactions rules, operations at customs, labor and migration issues and etc. Why should you employ much staff? Employ US who have specialists and may guarantee full compliance of accounting and reporting without wasting extra time and money.
Liaison with the tax authorities is troublesome.

* More consultations are available at OUR hourly rates
** Choose one entity to be registered
*** More foreign employees can be registered for an additional fee
**** Accounting services provided at fixed flat fee for initial three month period, excluding sales (which can be provided at additional cost). WE can continue providing accounting services after the start-up period.