Ease of Doing Business in
Novosibirsk - Russian Federation
This page summarizes Doing Business data for Novosibirsk. The first table shows its rank among 30 cities/regions in the Russian Federation. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.
Economy Overview
| Region |
Eastern Europe & Central Asia |
| Income Category |
Upper middle income |
| Population |
141,930,000 |
| GNI Per Capita (US$) |
10,400.00 |
|
Ease of Doing Business Rank among 30 cities in Russian Federation
|
Top city in Russian Federation |
| 29 |
Ulyanovsk |
Subnational Data
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.
| Indicator |
Novosibirsk |
Eastern 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)
|
11 |
6 |
5 |
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. View methodology
Time (days)
|
22 |
14 |
12 |
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)
|
2.3 |
6.8 |
4.5 |
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)
|
1.6 |
5.0 |
13.3 |
| No. |
Procedure |
Time to Complete |
Associated Costs |
| 1 |
Notarize signature on application for state registration of a legal entity
|
1 day
|
RUB 500 (200 rubles state duty + 300 rubles notary fees)
|
| * 2 |
Open a temporary bank account and deposit part of charter capital
|
1 day
|
No cost
|
| * 3 |
Pay registration fee for state registration in a bank and get proof thereof
|
1 day
|
No cost (included in procedure of state registration at the Federal Tax Service)
|
| 4 |
Submit documents for registration of a legal entity to one-stop shop at the Federal Tax Service and obtain registration documents
|
9 days
|
RUB 4,000
|
| 5 |
Obtain confirmation with statistics codes at the Federal Service of State Statistics
|
1 day
|
No cost
|
| * 6 |
Obtain confirmation of registration at the Social Insurance Fund
|
5 days
|
No cost
|
| * 7 |
Obtain confirmation of registration at the Pension Fund
|
5 days
|
No cost
|
| * 8 |
Order and obtain a company seal
|
1 day
|
RUB 500
|
| 9 |
Notarize documents for opening a bank account including signatures on a bank card
|
1 day
|
RUB 1,020
|
| 10 |
Open the company bank account
|
1 day
|
RUB 1,000
|
| 11 |
Inform the Federal Tax Service, the Pension Fund and the Social Insurance Fund of the company bank account number
|
1 day
|
No cost
|
* Takes place simultaneously with another procedure.
Subnational Data
Close