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A presentation brought to you by LawyersRussia.comOpen a Business in Russia

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Why Start a Business in Russia?Russiahas one of the worlds largest economies and an important domestic market.

The countrys economic potential attracts foreign investors who want toopen a businesshere.

Severalspecial economic zonesexist in the country and they encourage investments in fields like industrial production, technology, and development, logistics or tourism.

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Types of Companies in RussiaAn investor may choose to open asole proprietorship, apartnership(limited or general) or a company (limited liabilityor ajoint stock company).

For a limited liability company and a joint-stock company, a minimum share capital is requested.Foreign companies can alsoopen a branchora representative office.

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Requirements to Open a Company in RussiaThelimited liability companyis the most popular type of entity in Russia because of its incorporation requirements.

Theminimum share capital to open a limited liability company in Russiais 10,000 rubles.

Theminimum share capital in case of joint stock companies is 10,000 rubles for closed companies and 100,000 for open ones.

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How to Open a Business in RussiaThe following steps must be completed in order to have a fully operationalcompany in Russia:drafting and notarizing the foundation documents,depositing the share capital with a Russian bank,payment of the registration fee,registering with the federal tax authorities,opening a corporate bank account,registering with the Moscow Center of Quotation of Work Places.

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Hiring Employees in RussiaTheLabor Lawregulates all the issues related to the workforce in Russia.

An employee may be hired through indefinite agreements, fixed term agreements, agreements with the director or by the agreements for combining jobs.

Our lawyers in Russia can offer information on how to hire personnel.

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Prolific Investment Industries in RussiaRussia is a countryrich in natural resources. The countrysunique geographic positionfacilitatesexports: Russia is a link between Europe and Asia and it is bounded by three oceans.

The Russian technology sector is very developed, especially areas like chemistry, metallurgy, machinery, aerospace or nuclear physics.

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Tax Advantages for Russian CompaniesThetaxation system in Russiafacilitates foreign investments, as these type of companies are treated much in the same way as local ones.

The corporate tax rate is 20%.

Manydouble tax treatieswere signed with more than 70 countries allowing foreign investors to benefit from double taxation relief.

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Assistance in Setting Up a Business in RussiaIf you want toopen a businessand you cannot be present in the country, ourlawyers in Russia will help you with the entire registration procedure using a power of attorney.

You can alsocontactus if you need information about the Russian laws on foreign investments.

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Thank you for your attention!For more information, please contact us at:

(+44) 203-287 0408 (for international clients)office@lawyersrussia.comwww.lawyersrussia.com10