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Business Reforms in Russian Federation

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

DB2018

Registering Property: The Russian Federation made it easier to transfer property by decreasing the time necessary to apply for state registration of title transfer. This reform applies to both Moscow and Saint Petersburg

Getting Credit: Russia improved access to credit by adopting a new law that establishes a modern collateral registry. This reform applies to both Moscow and St. Petersburg.

Trading across Borders: Russia made exporting and importing easier by opening a new deep water port on the coast of the Gulf of Finland, increasing competition and reducing the cost of border compliance at the Port of St. Petersburg. This reform applies to both Moscow and St. Petersburg.

DB2017

Dealing with Construction Permits: Russian Federation Saint Petersburg made dealing with construction permits easier by removing the requirement to obtain permission to fence the construction site.

Protecting Minority Investors: The Russian Federation strengthened minority investor protections by increasing shareholder rights and role in major corporate decisions.

Enforcing Contracts: The Russian Federation made enforcing contracts more difficult by mandating pre-trial resolution before filing a claim, thereby lengthening the initial phase of judicial proceedings. This reform applies to both Moscow and St. Petersburg.

DB2016

Starting a Business: The Russian Federation made starting a business in Moscow easier by reducing the number of days required to open a corporate bank account.

Getting Electricity: Russia made the process of obtaining an electricity connection simpler, faster and less costly by eliminating a meter inspection by electricity providers and revising connection tariffs. This reform applies to both Moscow and St. Petersburg.

Registering Property: Russia made transferring property easier by reducing the time required for property registration. This reform applies to both Moscow and St. Petersburg.

Getting Credit: Russia improved access to credit by adopting a new law on secured transactions that established a centralized collateral registry and allows a general description of a combined category of assets granted as collateral. This reform applies to both Moscow and St. Petersburg.

Paying Taxes: Russia made paying taxes less costly for companies by excluding movable property from the corporate property tax base—though it also raised the wage ceiling used in calculating social contributions. These changes apply to both Moscow and St. Petersburg. In addition, the cadastral value of land in Moscow was updated.

DB2015

Starting a Business: The Russian Federation made starting a business easier by eliminating the requirement to deposit the charter capital before company registration as well as the requirement to notify tax authorities of the opening of a bank account. This reform applies to both Moscow and St. Petersburg.

Registering Property: The Russian Federation made transferring property easier by eliminating the requirement for notarization and introducing tighter time limits for completing the property registration. This reform applies to both Moscow and St. Petersburg.

DB2014

Starting a Business: Russia made starting a business easier by abolishing the requirement to have the bank signature card notarized before opening a company bank account.

Dealing with Construction Permits: Russia made dealing with construction permits easier by eliminating several requirements for project approvals from government agencies and by reducing the time required to register a new building.

Getting Electricity: Russia made getting electricity simpler and less costly by setting standard connection tariffs and eliminating many procedures previously required.

Registering Property: Russia made transferring property easier by streamlining procedures and implementing effective time limits for processing transfer applications.

Trading across Borders: Russia made trading across borders easier by implementing an electronic system for submitting export and import documents and by reducing the number of physical inspections.

DB2013

Dealing with Construction Permits: Russia made obtaining a construction permit simpler by eliminating requirements for several preconstruction approvals.

Paying Taxes: Russia eased the administrative burden of taxes for firms by simplifying compliance procedures for value added tax and by promoting the use of tax accounting software and electronic services.

DB2012

Getting Electricity: Russian Federation made getting electricity less costly by revising the tariffs for connection.

Registering Property: Russia made registering property transfers easier by eliminating the requirement to obtain cadastral passports on land plots.

Paying Taxes: Russia increased the social security contribution rate for employers.

Trading across Borders: Russia made trading across borders easier by reducing the number of documents needed for each export or import transaction and lowering the associated cost.

Enforcing Contracts: Russia made filing a commercial case easier by introducing an electronic case filing system.

DB2011

Dealing with Construction Permits: Russia eased construction permitting by implementing a single window for all procedures related to land use.

Resolving Insolvency: Russia introduced a series of legislative measures in 2009 to improve creditor rights and the insolvency system.

DB2010

Registering Property: Russia reduced the time required to register property by introducing cadastral passports in place of the previously required inventory documents and cadastral maps.

Paying Taxes: Russia made paying taxes less costly for companies by reducing the corporate income tax rate.

Resolving Insolvency: Russia enhanced its insolvency process by introducing several changes to its insolvency law to speed up the liquidation procedure and strengthen the legal status of secured creditors.

DB2008

Dealing with Construction Permits: Russia made dealing with construction permits more expensive by increasing the cost—though at the same time it implemented several laws reducing the time and number of procedures required. The Russian Federation made dealing with construction permits more expensive by increasing the cost, and at the same time implemented several laws that reduces steps and time to obtain a construction permit.

Getting Credit: In Russia access to credit information was improved by the launch of a private credit bureau, the National Bureau of Credit Histories (NBKI), and by a requirement that banks submit credit data to the credit bureau.