| What are the different
types of company that are available to be incorporated? |
- Integral Partnership
- Trust Partnership
- Limited Company
- Joint-Stock Company
- Cooperative
- State-run unitary company
|
| What documents are
required to incorporate these companies and what are
the other registration requirements? |
Generally all companies require the
following: Constitution Agreement, including appointment
of the Director/President or the Board of Directors;
Charter of the Company Information about the shareholders/members/partners,
certified by the State authorities; Certificate of the
legal (registered) address; Certificate of payment of
the determined part of share capital (in general, 50%
of capital shall be paid before the registration); certain
other documents as per the requirement of local (regional,
provincial) regulations - certificate of good standing,
absence of previous convictions etc. |
| How long (approximately)
does this process take from start to finish? |
One month for documentation; two
months for registration |
| What are the capital
requirements (minimum amounts, types of capital, limits
of shareholders liability) |
Minimum capital requirement for integral
and trust partnerships and limited companies is US$300
minimum; for closed joint stock companies is US$350
and for open joint stock companies (where shares are
publicly held) is approximately US$3,500.
|
| What is the minimum
management requirements (e.g. types of office holder
or nationality requirements, etc.)? |
Companies are managed by General
Director/President or Board of Directors and Chief Accountant
(two simultaneous signatures under financial documents).
Principal requirement for foreigners: the person shall
have rights to perform his activity in the Russian Federation:
duly issued visa, registration of domiciliation etc.
|
| Approximately, what
is the local currency cost in relation to formation
expenses and taxes? |
US$300 - 500 depends of the type
of company (including fees). The Client shall take in
count that simultaneously 50% of capital must be paid
before the registration.
|
| What publicity is
required (e.g. filing of accounts, publication of other
information)? |
The company shall be officially registered
in the State Registry (receives a Certificate), in Tax
Service and several Funds (Social Security etc). Filing
of account: monthly or quarterly, performed by the Chief
Accountant. Reports shall be delivered to the Tax Service
and Funds. |
