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

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

  • Doing business in: Russia
  • Introduction
  • The business environment
  • International treaties
  • Forming a company
  • Financing a company
  • Opening a branch or a representative office
  • Opening a bank account
  • Utilising office space
  • Immigration control
  • 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