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Frequently asked Questions

Frequently asked Questions

COMPANY REGISTRATION

How long does it take to register a company in Russia?

  • 5 working days

What is the size of the authorized capital?

  • The minimum amount of the authorized capital is 10,000 rubles.

Is a legal address required to register an LLC?

  • To register a company, a legal address is required. Without it, the company will not be registered.

Can a foreign citizen be a director of a company?

Who can be the founder of the company?

  • The founder of an LLC can be an individual - a Russian or foreign citizen, or a legal entity - a Russian or foreign organization.
    At the same time, an LLC cannot have a legal entity as the sole founder - another business entity, consisting of one person.

Tax regimes in Russia

Режимы налогообложения

The General Taxation System (OSNO) is assigned automatically after the registration of the LLC. And if you have not notified the tax office about the choice of a special regime, you will have to pay the following taxes:

  • Organization's real estate tax. The rate depends on the region of the Russian Federation, but does not exceed 2.2% of the cadastral (as estimated by the state) or residual (including depreciation) value of the property.

  • Income tax. The tax rate is 20%. The tax amount is calculated from the difference between income and expenses.

  • Value Added Tax (VAT). The rate is 20%. VAT is imposed on the proceeds from the sale of products.

OSNO has no restrictions on the amount of profit, the number of employees and the leased space for doing business. In addition, it is a profitable system for organizations that cooperate with VAT payer companies. When using OSNO, your partners can reduce the amount of payments to the budget by the amount of VAT from the works, services and goods received from you.

OSNO

STS

The simplified taxation system (STS) is a regime specially created for small and medium-sized businesses. It is also called "simplified", because instead of three taxes, as on OSNO, you need to pay one, and submit tax reports - once a year. The tax is transferred in advance payments for the first quarter, 6 months of the current year, 9 months and the final payment for the entire year (net of advance payments).

There are a number of restrictions for using the simplified tax system:                                                                                                                   

  • By type of activity. Banks, insurance companies, notaries, investment funds and some other types of businesses cannot apply the “simplified” scheme.

  • By the size of the network. If your company has branches or representative offices in other localities, the USN is also not for you.

  • By the number of employees - no more than 100 people.

  • In terms of annual income - no more than 150 million rubles.

  • By the residual value of fixed assets - no more than 150 million rubles.

  • By the share of participation of other legal entities - no more than 25%.

STS is of two types: "income" and "income minus expenses". If the object of taxation is income, the rate will be 6%. If the object is income reduced by the amount of expenses, then the rate is 15% (all expenses must be documented).

You cannot combine or change the tax rate during the year. You can change the type of simplified tax system or switch to another taxation system once a year. To do this, you need to submit a notification to the Federal Tax Service by December 31 of the current year.

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Our office

The address:

123112, Russia, Moscow, Presnenskaya nab., 12, Federation-East Tower, 18th floor

Telephone:
+7 (905) 500 00 22
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