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Ease of Doing Business in

Russian Federation

Russian Federation Download Profile (1975.9KB, pdf)
Region Europe & Central Asia
Income Category Upper middle income
Population 144,096,812
GNI Per Capita (US$) 11,400
City covered Moscow, Saint Petersburg

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 40 36 down
4
73.19 73.20 down
0.01
Starting a Business 26 37 up
11
93.57 92.35 up
1.22
Dealing with Construction Permits 115 117 up
2
65.86 64.67 up
1.19
Getting Electricity 30 26 down
4
84.37 84.22 up
0.15
Registering Property 9 8 down
1
90.55 90.51 up
0.04
Getting Credit 44 42 down
2
65.00 65.00
-
Protecting Minority Investors 53 51 down
2
60.00 60.00
-
Paying Taxes 45 40 down
5
82.96 83.09 down
0.13
Trading across Borders 140 138 down
2
57.96 57.96
-
Enforcing Contracts 12 8 down
4
74.96 75.78 down
0.82
Resolving Insolvency 51 49 down
2
56.69 58.39 down
1.70

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

Viewing the data for

DB 2017 DTF (% points): 92.82

DB 2016 DTF (% points): 91.08

Change in DTF (% points): up1.74

Standardized Company
Legal form: Private Limited Liability Company (OOO)
Paid-in minimum capital requirement: RUB 0
City:
Indicator Moscow Europe & Central Asia OECD high income
Procedure – Men (number) info_outline 4.0 4.9 4.8
Time – Men (days) info_outline 11.0 10.2 8.3
Cost – Men (% of income per capita) info_outline 1.0 4.7 3.1
Procedure – Women (number) info_outline 4.0 4.9 4.8
Time – Women (days) info_outline 11.0 10.2 8.3
Cost – Women (% of income per capita) info_outline 1.0 4.7 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 4.0 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Notarize company registration application

    Agency: Notary Public

    Each founder must fill out and sign a standard registration application, which must be notarized. There is a stamp duty of RUB200 per copy. This cost does not include fees for technical work charged by notaries or lawyers if this application form is completed by them – the cost of RUB 200 assumes that the application form is filled out by the entrepreneur themselves. Fees of technical work by lawyer/notaries are only applicable in cases where there is a need to draft a charter, and thus are not applicable to the Starting a Business case study.

    Starting from May 5, 2014 this procedure ceased to be compulsory. If the founder is able to attend the Tax Service office and file all the documents in person, the application does not have to be notarized and the tax officer can certify the founder’s signature instead. However, this is possible only in case when all the founders are able to visit the Tax Service in person, otherwise the application must be notarized.
    1 day RUB 200 per copy
    2

    Pay registration fee and register with the unified register at the Federal Tax Service on the local level, obtain state registration number and identification number of taxpayer (INN)

    Agency: Federal Tax Service

    The company must submit the following documents for registration:
    • Resolution of the founders on the establishment of the company;
    • Charter (2 originals required, one is stamped by the Federal Tax Services and returned to applicants after the registration);
    • Notarized Registration Application;
    • Receipt of payment of the state registration fee;
    • Document Certifying the Physical Address of the New Company (this could be a lease agreement or a letter by the property owner of the leased property, certified with signature and building company’s stamp. If the leasing office space is from an individual owner this document would need notarization.)

    The tax authorities sometimes implement a number of additional requirements, and failure to comply may lead to the rejection of the application.

    At the time of application, the applicant receives a confirmation slip, which specifies the date that the registration will be complete and ready for pick up. Starting from December 29, 2015 the registration term is 3 working days, not including the day of submission of documents and the day of issuance of the registration certificate.
    The registration fee is RUB 4,000.

    On the day of pick up, the applicant will receive a package of documents, including Abstract of the state registration, abstract of tax registration with a Tax Identification Number (TIN), one of the original company charters (that the applicant submitted) stamped by the government, and certificate of business entry in the unified State Register of Legal Entities. If the applicant does not pick the registration documents from the office, it is sent by mail.

    The procedure could also be done online http://www.nalog.ru/rn77/service/gosreg_eldocs/- with electronic signature. However, obtaining online signature is costly and time consuming. In practice, most businesses do not utilize the online services. The online service has been available since 2012.
    7 days RUB 4,000
    3

    Make a company seal

    Agency: Seal-making service

    On 6 April 2015, the President of the Russian Federation signed Federal Law #82 that eliminates requirement for a company seal. However, in practice, majority of the businesses still obtain a company seal as part of the process of starting a business. A company seal typically costs RUB 500.
    1 day RUB 500
    4

    Open the company bank account

    Agency: Bank

    According to the Central Bank of Russian Federation instruction No. 153-I from May 30, 2014, the following documents are required in order to open a business bank account:
    • A certificate of state registration of the legal entity;
    • Founding documents of the legal entity;
    • Certificate of tax registration;
    • The license (permit) issued for a legal entity if such licenses (permits) are directly related to the capacity of the legal entity;
    • Bank signature card;
    • Documents confirming authorities of the persons defined in bank signature card;
    • Documents confirming authorities of the sole executive body of the legal entity.

    In accordance with Article 22.1.10 of the Basic Principles of Russian Legislation on Notaries Public, the notary's fee for certification of signatures and bank cards is equal to RUB 200. The notary's total fee for such certification, including technical work, is approximately RUB 800 - 1200.

    The signature of the entrepreneur must be certified and registered by a bank. There is a special form (provided by the government) that must be completed for this procedure. Entrepreneurs have two options. They can either (a) have the signature form notarized and then it can be brought to the bank when opening the bank account, or (b) they can certify the signature of the entrepreneur at the bank, when opening a bank account.

    According to the Federal law No. 52-FZ on Introduction of Amendments to Parts One and Two of the Tax Code of the Russian Federation and Certain Legislative Acts of the Russian Federation, as of May 1, 2014 a company is not obliged to inform the Federal Tax Service on opening, closing or changing details of the company's bank account.
    2 days free if done at the bank; RUB 200 (signatures and bank card) + RUR 1000 (notary fees) approximately if done with the notary