Russian Federation

Ease of Doing Business in

Russian Federation

This page summarizes Doing Business 2015 data for the Russian Federation. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region Europe & Central Asia
Income Category High income
Population 143,499,861
GNI Per Capita (US$) 13,860
City covered Moscow, Saint Petersburg
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
62 64 down 2

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
66.66 65.04 down 1.62
Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

Subnational Data


Viewing the data for

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2015 DTF** (% points) 90.83 DB 2014 DTF** (% points) 87.30 Change in DTF** (% points) up3.53

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Moscow Europe & Central Asia OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology
Procedures (number)
5.0 5.0 4.8

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
13.0 12.1 9.2

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology
Cost (% of income per capita)
1.2 5.3 3.4

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology
Paid-in min. capital (% of income per capita)
0.0 5.8 8.8
No. Procedure Time to Complete Associated Costs
1 Notarize the signature made in the registration application 1 day RUB 200 per copy
2 Pay registration fee 1 day no charge
3 Make a seal in a private company in order to open a bank account 1 day RUB 350
4 Register with the unified register at the Federal Tax Service on the local level, to obtain the single number of state registration and the number of tax registration (identification number of taxpayer, INN) 7 days RUB 4,000
5 Open the company bank account; certify and register the owner's signature 3 days free if done at the bank; RUB 200 (signatures and bank card) + RUR 1000 (notary fees) approximately if done with the notary

**The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

***Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

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