Starting a Business in

Moscow - Russian Federation

Below is a detailed summary of the bureaucratic and legal hurdles an entrepreneur must overcome in order to incorporate and register a new firm, along with their associated time and set-up costs. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income.

The information appearing on this page was collected as part of the Doing Business subnational project in Russian Federation. Download this Doing Business report or explore other cities and topics.

  • No. Procedure Time to Complete Associated Costs

    Notarize registration application and agreement on establishment of a company

    Copy of the agreement of establishment of a company and the filled out and signed registration application must also be notarized.

    1 day RUB 200 (RUB 200 per copy)

    Deposit capital in the bank and get proof thereof

    At least 50% of the charter capital shall be paid before company incorporation. The balance must be paid in the first year of operation. In order to open a bank account the following documents are required: (i) application form, notarized copy of the charter; (ii) notarized copy of the decision of establishment of the limited liability company; and (iii) notarized copy of the foundation agreement. The deposit of the capital requires opening an accumulative bank account for the name of the entity which is not created yet. Depending on the bank, opening an account may take more than 1 day mostly because of bank's client acceptance procedures.

    1 day No cost

    Pay registration fee

    The registration fee must be paid for the registration of the legal entity with the State Tax Inspectorate. Many applicants use Sberbank for paying the registration fee as the tax authorities are familiar will the payment order issued by the Sberbank and in case of the payment order issued by any other banks may request some additional confirmation that the payment was actually completed. The registration fee of RUR 4,000 shall be transferred to the account of the State Tax Inspectorate.

    1 day No cost

    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)

    Documents required for registration:
    - Decision of the founders meeting;
    - Charter (2 copies);
    - Registration Application, notarized;
    - Payment receipt.
    The tax authorities sometimes implement a number of requirements, and failure to comply may lead to the rejection of the application. In addition, recently the tax authorities stopped issuing the original of the Charter (Articles of Association) which is filed for state registration. Only a certified copy is issued. As a result, if the company has to file the copy of the Charter with any other state authorities, another copy of the Charter has to be requested by the tax authorities every time. The copy is usually issued within 5 working days and requires a payment of RUR 200 or RUR 400.

    18 days RUB 4,000

    Notarize Bank Signature Card

    For a limited liability company with 50 employees, generally the General director and Chief accountant have a signature right.
    Required documents:
    - Registration certificate, notarized must be original document ;
    - Taxpayer Identification Number (INN) certificate, notarized must be original document;
    - Charter, originals or notarized copies notarized;
    - Documents confirming authority of the signatories (decision on the founders on appointment/election of the Director etc.), notarized;
    - Signature card with the print of the seal - notarized.

    1 day RUB 1,200 RUB 400 (signatures and bank card) + RUR 800 (notary fees)

    Make a seal in a private company in order to open a bank account

    The company needs to make a company seal before it opens a bank account.

    1 day RUB 928

    Open the company bank account

    Banks may require documents related to the founders of the newly established company and investigate the founder's history and its financial status. Requirements in terms of client acceptance procedure vary depending on the bank. The bank finally provides the entrepreneur with a confirmation letter that contains details about the bank account. The entrepreneur needs this information to inform the Federal Tax Service about the opening of a bank account through the required notification.

    5 days No cost

    Inform Federal Tax Service of the company bank account number

    The representative of the newly founded company has to submit a notification (a standard form) in person or by mail to the Federal Tax Service giving notice of the opening of the bank account. In addition, banks have the obligation to notify the Pension Fund and the Social Insurance Fund of the opening of the bank account of a new legal entity.

    1 day No cost

    Register the company with Moscow Center of Quotation of Work Places

    All companies and individual entrepreneurs employing personnel are required to be registered with the Moscow Center of Quotation of Work Places having its local departments in each district of Moscow irrespective of whether such companies are obliged to comply with the quotas (if the staff represents more than 100 persons) or not.

    1 day No cost