Doing business in: Russia
Produced in partnership with Dentons
Doing business in: Russia

The following Commercial practice note Produced in partnership with Dentons provides comprehensive and up to date legal information covering:

  • Doing business in: Russia
  • Introduction
  • The business environment
  • Political and legal system
  • International treaties
  • Forming a company
  • Financing a company
  • Opening a branch or a representative office
  • Opening a bank account
  • Utilising office space
  • More...

Updated in April 2015

Introduction

The business environment

Forming a company

Financing a company

Opening a branch or a representative office

Opening a bank account

Utilising office space

Immigration control

Key employment laws

Contracting with third parties

On-going reform

Taxation overview

Regulatory compliance

Protecting key assets and employees

Useful links

Introduction

Russia is the largest country in the world with a diverse culture and a rich history. With a population of 143.7 million and a growing middle class, Russia is a developing market that remains full of opportunities for global businesses despite the challenges of the past year.

There are a variety of ways of starting and developing a business in Russia. The purpose of this guide is to highlight some of the key areas that a new business will need to consider before it begins its operations in Russia. This guide should not be considered to be an all-inclusive manual and specific Russian legal advice should always be sought before starting up a business in Russia.

The business environment

In 2012, Russia became a full member of WTO, which increased the country’s attractiveness for investment and levelled the playing field for all.

In 2014 and the first quarter of 2015, Russia faced a number of political and economic challenges.

Since the beginning of the Russia-Ukraine tensions, Russia has been subject to several rounds of sanctions imposed by the US, EU and other countries. Some certain sanctions prohibit the entry of specified sanctioned individuals, freeze their

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