Home / Russia / Accounting and Reporting / Business launch in Russia

Business launch in Russia

Back to Accounting and Reporting

Whenever you decide to launch a business in Russia, you will have to choose a legal form, a corporate name and obtain a legal address, decide on a management structure and the size of the charter capital and prepare the documents for its registration. 

It will be necessary to rent premises to obtain a legal address, open a bank account, register the business with the Tax Authorities, Social Funds and Statistics Agency, as well as oversee labour and migration issues, set up an accounting system and ensure timely reporting of its activities.

We are ready to support you in this process and offer you the following services:

  • Consulting on the optimal legal form, legal or corporate name, legal address, management structure, charter capital; 
  • Development of an effective model of distribution and sales promotion;
  • Obtaining the company’s stamp, opening bank accounts, assistance with drafting a lease agreement for the legal address;
  • Labour and migration issues connected with foreign employees;
  • Temporary General Director/ Head of Representative Office functions;
  • Consulting on the optimal tax system and registration of the company with the Tax Authorities and Social Funds;
  • Set-up of accounting methodology, ERP system, development of accounting and tax policies, budgeting set-up;
  • Ongoing accounting support (bookkeeping and preparation of statutory reports and tax returns).

How can we help you?

Write us a message and we will get in contact with you soon!

Thank you! We will get in touch with you soon.

Please check these fields.

By including your personal data on this form you agree to it being used in accordance with our Privacy Policy

sending...

Feed

15/06/2022
The former Mo­scow of­fice of CMS to con­tin­ue work­ing as an in­de­pend­ent law...
On 15 June 2022, the former Mo­scow of­fice of the in­ter­na­tion­al law firm CMS an­nounces the start of work as an in­de­pend­ent law firm un­der the new brand name SEAM­LESS Leg­al.Over 80 col­leagues of the Mo­scow of­fice con­tin­ue work­ing as one team, led by Man­aging Part­ner Jean-Fran­cois Mar­quaire and Seni­or Part­ner Le­onid Zubar­ev.We keep ad­vising our cli­ents across all 23 prac­tices and sec­tors: We lean on 30 years of ex­pert­ise and an im­pec­cable repu­ta­tion as part of an in­ter­na­tion­al law firm. We have al­ways abided by strict pro­fes­sion­al stand­ards and will con­tin­ue provid­ing ser­vices of the highest qual­ity. Jean-Fran­cois Mar­quaire, Man­aging Part­ner: “We are proud of hav­ing been able to cre­ate and pre­serve a united team with a friendly cor­por­ate cul­ture and re­spons­ible at­ti­tude to our busi­ness.”Le­onid Zubar­ev, Seni­or Part­ner: “Our new brand SEAM­LESS Leg­al most ac­cur­ately re­flects the ap­proach to work that has de­veloped over the years in our firm – in­teg­rity and co­her­ence, im­pec­cab­il­ity, con­tinu­ity and un­in­ter­rup­ted sup­port to our cli­ents at any time."
20/05/2022
Rus­si­an tax meas­ures to sup­port busi­ness and latest tax trends for for­eign...
The Rus­si­an Tax Code is un­der­go­ing sig­ni­fic­ant changes to help busi­nesses ad­apt and stay afloat.In their turn, for­eign busi­nesses, act­ive in Rus­sia, cur­rently face un­pre­ced­en­ted chal­lenges and are seek­ing...
29/03/2022
Po­ten­tial chal­lenges in pay­ing VAT on elec­tron­ic ser­vices
In the cur­rent eco­nom­ic and polit­ic­al en­vir­on­ment, and tak­ing in­to ac­count the lim­it­a­tions now im­posed by many for­eign banks with re­spect to the trans­fer of funds to Rus­sia, we ex­pect that for­eign pro­viders of elec­tron­ic ser­vices may face prac­tic­al dif­fi­culties with pay­ing VAT to the Rus­si­an budget for the first quarter of 2022. Ac­cord­ing to the ap­plic­able le­gis­la­tion, the tax is due to be paid on or be­fore 25 April 2022.Ac­cord­ing to the in­form­a­tion at our dis­pos­al, In­ter­re­gion­al tax in­spec­tion No. 7 in charge of the elec­tron­ic ser­vices’ agenda is col­lect­ing in­form­a­tion from tax­pay­ers on ex­pec­ted prob­lems with pay­ments with a view to provid­ing tech­nic­al solu­tions.That be­ing said, for­eign pro­viders of elec­tron­ic ser­vices in Rus­sia should con­firm with their for­eign banks in ad­vance wheth­er it is pos­sible to pay VAT to the Rus­si­an budget in due time. Any prob­lems iden­ti­fied may be re­por­ted to the In­ter­re­gion­al tax in­spec­tion No.7 via the feed­back form in the tax­pay­er’s on­line ac­count.For­eign pro­viders of elec­tron­ic ser­vices may also dis­cuss with their Rus­si­an cus­tom­ers the VAT pay­ment mech­an­ism for the flows. For ex­ample, the Rus­si­an cus­tom­er may choose to vol­un­tar­ily with­hold the VAT due from the pay­ment made to the for­eign pro­vider, us­ing the mech­an­ism provided in the let­ter* of the Fed­er­al Tax ser­vice dated 24.04.2019 No. СД-4-3/[email protected] However, this ap­proach may be ap­plied only in re­spect of fu­ture pay­ments to the for­eign pro­viders.* In Rus­si­an
16/03/2022
Ac­count­ing & Re­port­ing
We in­vite you to join our we­bin­ar on Ac­count­ing and Re­port­ing, or­gan­ised by the Ja­pan­ese Desk at CMS Rus­sia.Please join our ex­perts Georgy Daneliya, Olga Odint­sova and Eka­ter­ina Usova to learn about es­sen­tial...
14/03/2022
The Mo­scow of­fice of CMS to con­tin­ue as an in­de­pend­ent law firm
Dear FriendsWe have been through a lot dur­ing 30 years in Rus­sia. Now a dif­fi­cult de­cision has been taken by CMS to leave the Rus­si­an mar­ket. We are grate­ful to our in­ter­na­tion­al col­leagues for their...
14/03/2022
Fourth stage of Rus­si­an cap­it­al am­nesty be­gins
On 9 March 2022, the Rus­si­an Pres­id­ent signed the Law* on the fourth stage of the cap­it­al am­nesty. Ac­cord­ing to the Law, un­der the fourth stage, in­di­vidu­als will be able to sub­mit, between 14 March 2022 and 28 Feb­ru­ary 2023, a spe­cial de­clar­a­tion re­flect­ing as­sets sub­ject to leg­al­isa­tion. The am­nesty will ap­ply to acts com­mit­ted be­fore 1 Janu­ary 2022.Cap­it­al am­nesty is the vol­un­tary de­clar­a­tion by in­di­vidu­als of their for­eign ac­counts, real es­tate, se­cur­it­ies and oth­er prop­erty held abroad. It in­volves the trans­fer of de­clared prop­erty to Rus­sia without crim­in­al, ad­min­is­trat­ive and tax li­ab­il­ity when the rel­ev­ant vi­ol­a­tions are re­lated to the de­clared prop­erty and ac­counts.Un­der the first three stages, which took place in 2015, 2017 and 2019, in­di­vidu­als were en­titled to sub­mit in­form­a­tion to the Fed­er­al Tax Ser­vice on land and oth­er im­mov­able prop­erty, vehicles, se­cur­it­ies (in­clud­ing shares), as well as par­ti­cip­at­ory in­terests and equity stakes in or­gan­isa­tions, con­trolled for­eign com­pan­ies and bank ac­counts loc­ated out­side Rus­sia that had not been de­clared be­fore.In con­trast to the pre­vi­ous stages, in­di­vidu­als will also be able to de­clare cash. Also, the word­ing “se­cur­it­ies” has been re­placed by “fin­an­cial as­sets”, al­low­ing not only shares and bonds, but also de­riv­at­ive fin­an­cial in­stru­ments (e.g. fu­tures, op­tions, etc.), to be de­clared in the fourth stage. The list of sup­port­ing doc­u­ments to be at­tached to the spe­cial de­clar­a­tion has been sup­ple­men­ted.In re­la­tion to cash, guar­an­tees will be giv­en provided that the de­clar­ant de­pos­its the cash spe­cified in the de­clar­a­tion in­to cur­rent or sav­ings ac­counts with Rus­si­an banks with­in 30 days from the date of sub­mis­sion of the de­clar­a­tion to the tax au­thor­ity.Com­ment­sThe Law does not cla­ri­fy how cash de­pos­its in­to bank ac­counts will be con­firmed. It is also un­clear wheth­er cash flow state­ments on for­eign ac­counts will be audited and wheth­er it is ne­ces­sary to have doc­u­ments to prove the trans­ac­tions re­flec­ted in them. In this re­gard, we will fol­low fur­ther de­vel­op­ments in this area and keep you in­formed of new cla­ri­fic­a­tions.Those who par­ti­cip­ated in the pre­vi­ous stages of the cap­it­al am­nesty can also par­ti­cip­ate in the fourth stage. However, the Law does not provide for re­peat de­clar­a­tions with­in a single stage (i.e. a de­clar­a­tion can be sub­mit­ted only once). As a res­ult, it is im­port­ant to ana­lyse all as­sets and as­sess the pos­sib­il­ity of de­clar­ing, guar­an­tees and risks.The CMS Rus­sia team is ready to as­sist in this field by not­ably:car­ry­ing out an as­set ana­lys­is to as­sess the feas­ib­il­ity of par­ti­cip­at­ing in the cap­it­al am­nesty (in­clud­ing wheth­er it is pos­sible to file a de­clar­a­tion, con­sequences, be­ne­fits of ob­tain­ing guar­an­tees and po­ten­tial risks);pre­par­ing a spe­cial de­clar­a­tion and re­ports for pre­vi­ous peri­ods (i.e. ODDS, 3-ND­FL);as­sist­ing with the pre­par­a­tion of a set of sup­port­ing doc­u­ments;as­sist­ing with fil­ing re­turns to the tax au­thor­it­ies.  * In Rus­si­an
17/02/2022
Pe­cu­li­ar­it­ies of re­port­ing for 2021 and 2022
Please join us on 17 Feb­ru­ary 2022 to hear about our new cli­ent ser­vice line and the re­port­ing re­quire­ments for 2021 and 2022.Eka­ter­ina Usova, Ac­count­ing and Re­port­ing Lead Man­ager, and Olga Odint­sova, Part­ner...