HOW CAN A FOREIGNER OPEN AN LLC IN RUSSIA Posted: December 8, 2022 @ 4:23 pm

How to open an LLC for a foreign citizen in Russia

The most important difference for foreign founders is the special requirements for documents confirming the identity and address of residence.

Passports or other equivalent documents in foreign languages ??must be translated into Russian and notarized.

You can do this in two ways:

at a personal visit of the founder with the original passport and translation to a notary in the Russian Federation;
directly in the country of residence (recognition of legitimacy will depend on existing agreements with this country, for example, an apostille may be required, it guarantees recognition of a copy in Russia).

wise, the procedure for registering an LLC with foreign capital is standard:

Submission of required documents:
form ?11001,
1. articles of association (unless one of the standard options is selected),
2. receipt of payment of the fee (when filed electronically, the fee is not charged),
3. decision on creation, if there is one founder, or minutes of the meeting, if there are several founders,
4. documents confirming the presence of a legal address on the territory of the Russian Federation (a letter of guarantee from the landlord or a certificate of ownership of the property).
Waiting for the result of the review (no more than 3 days).
Obtaining the result (in electronic form or on paper on a separate application).

Read more here .
It is also worth considering:

An increased personal income tax rate is applied to foreign citizens (non-residents) (instead of the standard 13% for non-residents, it is 15%). It will be relevant when paying dividends.
A foreign citizen can head the established company, but at the time of registration it is required (one of the following options):
- work permit (relevant for citizens of visa countries);
- patent (relevant for countries with a visa-free regime);
Citizens of the Customs Union do not need additional documents for employment.
Therefore, if a foreign citizen does not have permits, he can get them only after the registration of the company. This means that at the time of filing an application, it is worth choosing a suitable candidate as a leader (according to part 2 of article 54 of the Civil Code of the Russian Federation), and later replacing him.
Legal entities with foreign capital are subject to certain restrictions, for example:
- you cannot be the founder of a media outlet (Article 19.1 of the Federal Law No. 2124-1) or a company for the production of security systems and alarms (Article 15.1 of the Federal Law No. 2487-1);
- there are restrictions in the banking sector (Article 18 of the Federal Law No. 395-1) and in the field of insurance (Article 6 of the Federal Law No. 4015-1);
- it will not be possible to buy border lands (clause 3, article 15 of the Land Code of the Russian Federation);
- For security purposes, companies with foreign investors are prohibited from another 46 types of activities in accordance with Art. 6 Federal Law No. 57.