Large business setup in Russia
Starting a large company requires thorough preparation and effort, with specific challenges and elements to consider when initiating a corporation. Let’s explore the benefits of establishing a major company in Russia and how our tailored solutions can aid in your success.
The process of setting up a large business
Setting up a large company in Russia is similar to starting a small or medium-sized business, but due to the size and complexity, it usually takes more time and resources. The steps involved are:
Choose a business name
The name of the business must be original and not currently being used. You can verify if a name is available on the Russia Trade Registry’s website.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your big company. In order to assist you in making a knowledgeable decision that suits your individual needs and long-term goals, we offer expert advice on Limited Liability Company (LLC), Private joint-stock company (PJC), Public joint-stock company (PJC), Branch Office, Holding Company.
Set up legal address
When beginning a business, it is crucial to have a legal address as it acts as the primary point of contact for governmental entities, legal bodies, and significant business communications. Selecting a legal address that complies with local laws and aligns with your business needs is extremely important.
Get the necessary paperwork ready
Our team of professionals will assist you in developing accurate and comprehensive documentation tailored to fit your company’s structure and objectives. We ensure compliance with all legal regulations and will handle the filing procedures on your behalf.
Open a bank account
We will help you with everything involved in opening a bank account, making sure your company follows all the rules and selecting a trustworthy financial institution for your account in Russia.
Company registration
We take care of registering your business with authorities such as the Trade and Companies Register and tax authorities, to lessen your administrative workload. This ensures that your business is recognized and compliant from the beginning.
Setup accounting
In order to effectively start a major business, it is crucial to uphold precise financial documentation. Our group of accounting professionals is able to assist in implementing efficient accounting and bookkeeping procedures that adhere to the regulations in Russia.
Large business examples
Big businesses work in various industries and sectors, each with unique requirements. Here are a few examples of big businesses:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Russia
Russia is an attractive location for establishing large businesses, as it provides numerous benefits.
Strategic location
Russia provides a large market, plentiful natural resources, and chances in energy, manufacturing, and technology for companies interested in a dynamic environment. Because of its strategic position linking Europe and Asia, expansive land area, and government efforts to encourage investment and innovation, Russia offers many benefits for businesses aiming to enter the market in the region.
Favorable tax regime
Russia’s corporate income tax rate is a flat 20%. The nation offers incentives for investments in specific regions and industries. Russia’s large market and abundant natural resources are appealing to companies looking to expand into manufacturing and energy sectors.
Banking
Russia’s banking industry, known for its extensive market reach, offers chances for a variety of financial services, investments, and banking operations in one of the biggest economies globally.
Our Large business setup solutions
We understand the value of your time and resources, which is why we offer two convenient choices to make the process of company formation easier.
Business formation online
By utilizing the online platform offered by Russia, individuals can start and finish the process of starting a business from any location globally. The option to track advancement, upload necessary paperwork, and access our services via secure digital platforms guarantees a seamless and convenient process.
Business formation remotely
If you would rather not be involved in the paperwork, we can handle it all for you. Our team of experts will manage all the necessary formalities, fill out the required paperwork, and communicate with the appropriate authorities on your behalf to ensure your peace of mind.
Contact us
Get in touch now to schedule a consultation and begin pursuing your business goals. We can take that initial step together.