Starting Up a Business in Russia

Once decided to set up a business in Russia you need to choose the form of legal presence as it will impact all aspects of activity including possibility for making deals and tax consequences of the deals, financial and tax accounting and reporting, currency control legislation, ability to employ foreign nationals, repatriation of income, application of international treaties and many others. You need to decide prior to setting up your company what model and legal entity you need to choose and/or combination of several. 

There are a few options for a foreign investor to start business in Russian Federation. Foreign investor may set up (or register) a Russian legal entity in the form of limited liability company (LLC), joint-stock company (JSC which can be private or public), partnership or register as a self-employed (sole proprietorship). The other way is to register a representative or branch office of a foreign company in Russia.