Setting up a business in Russia is still quite a time-consuming task. To avoid some obvious mistakes and ensure your start-up in Russia is successful, you need a reliable partner from the very beginning of your Moscow company formation.

The full process of legally establishing your company in Moscow will take only 11 business days.

Request Company formation

Tax allowances: Simplified Accounting System

Before we register a company, you can choose the tax system which will be applied to your business. If you qualify for the Simplified Accounting system you can choose one of the 2 types: 6% from your turnover or 15 % from your gross profit (revenue minus costs).

More information about the tax allowances of the Simplified Accounting System (SAS) can be found here.

The process of setting up a business in Russia

0. Before registration

Before you start the process of company formation, you must obtain a legla address in Russia at which the company will be registered. You may be able to use your rented office space, or if you have not signed a lease on an office yet, or do not want a lease on an office you can use a property agent, Virtual Office provider, or a similar service.

More information about obtaining a legal office address for your Russian Company can be found here here.

Step 1: Document set-up - 2 Business Days

Once we have received your order, payment and all the information we require from you we need two business days to prepare your registration forms for the Tax office.

Step 2: Company registration in the Tax office - 7 Business Days

At this point your documents need to be submitted to the tax office. This must be done in person by the CEO of the business (if you use a nominee CEO then they must attend the tax office). We will courier all the documents to you and you must take them to Tax Office № 46, which is located at Pohodniy proezd, near metro Tushinskaya. Once you have done this you will be provided with an official list of submitted documents, like a receipt. It will then take 7 business days for the Moscow tax office to complete the registration process. After 7 working days anyone may attend the tax office and on production of the receipt you were provided with when you submitted the documents the tax office officials will provide the registration documents.

Please Note: We can retrieve your registration documents on your behalf, but will need your original receipt to do so.

Step 3: Finalizing your company formation: production of your company stamp - 2 days

Once your registration is official and complete we must issue you with an official stamp for your company which you will need to use on various occassions when conducting your business (invoices, receipts, legal and tax documents must all carry the company stamp). It takes two days for the stamp to be manufactured. The process cannot commence until we have obtained all the registration documents from the tax office as theres is information in the final documentation which must be included on the stamp.

At this stage, your company is established as an Limited Liability Company in Russia and you may begin trading and recruitng your employees.
If you would also like DebitCredit to provide your company with accounting services in Moscow then we will set-up an account for your company in our Accounting Center.

Step 4: After company formation: Legal status and work permits in Russia

As an owner of a business in Russia you do not need any work permits. However, if you want to recruit foreign nationals or would like to be the CEO of your Russian company and are not a Russian Citizen, then you will need to obtain work permits.

More information about work permits can be found here.

Step 5: Starting a business in Russia: Open a Russian bank account

After successful company formation and obtaining any work permits that may be required you may open a commercial bank account in Russia. The process is straight-forward and there are numerous banks which provide these services - local, national and international. If you need assistance in forming your Russian business bank account then DebitCredit is happy to provide support and assistance.

More information about how we can help you open a Russian bank account can be found here.

Step 6: Accounting services for your active or dormant business in Moscow

Once your company has been formed you have a legal obligation to submit financial reports to the tax authorities. Even if your company is not yet trading (dormant) then you must still provide 'zero accounts' to the tax office on a qaurterly basis. DebitCredit can relieve you and your staff of an enormous burden by managing all your book-keeping and accountancy needs. We can prepare your tax reports, produce invoices, manage your payroll and arrange payments to your creditors in Russia or abroad.

More information about our accounting services for Russian companies can be found here.

At DebitCredit we pride ourselves on our professionalism and our meticulous attention to detail. We offer service level guarantees, backed up by insurance and we h ave many years of experience helping home-grown and multi-national companies start-up in Russia. We appreciate a one-size fits all approach will not do for all businesses, but at the same time we appreciate most businesses cannot afford the expense associated with using major multi-national consultancy and accounting firms. We fill the void and provide personal, professional, start-up and financial support services to businesses in Russia, at reasonable rates.

If you would like DebitCredit to assist you in getting your Russian business up and running please complete our brief registration form, you will be provided with an instant quotation, tailored to your specific requirements and a representative of DebitCredit will contact you to discuss your requirements in more detail.

Request Company formation