The fourth largest city in Russia is Yekaterinburg situated at the border with Asia and Europe. From a business point of view, the city of Yekaterinburg represents an important point on the map of international investors, as the metropolis is extremely industrialized and developed. Business persons can start a company in Russia and especially in Yekaterinburg in compliance with the Commercial Code and the Companies Act. Our company incorporation agents in Russia can offer complete information and assistance in matters of registration of a business in Yekaterinburg.
Types of companies you can set up in Yekaterinburg
Recently, Yekaterinburg recorded an appreciated growth in economy and population, placing the city among the important financial hubs in Russia. Foreigners can set up their operations in the appealing business environment of Yekaterinburg and can open limited liability companies, partnerships, joint stocks or can act as sole proprietors on the market. An LLC in Russia which is also known as an OOO in Russia as it is known can be established in the city of Yekaterinburg with a minimum share capital of RUB 10,000. Open joint stock companies require at least RUB 100,000 and the closed ones are subject to a minimum share capital of RUB 10,000. General and limited partnerships can be easily set up in Yekaterinburg and must be formed under a complete agreement with the conditions and provisions mentioned by the Companies Act in Russia.
If you want to know how the Articles of Association are prepared and if you need information about other requirements for opening a company in Russia, including Yekaterinburg, please feel free to ask our company formation consultants in Russia for support. They can manage the entire procedure and can help you with the following:
• documents registration;
• applying for special licenses and permits;
• VAT registration;
• tax compliance;
• opening a bank account;
• accounting services on request.
The economy of Yekaterinburg
Yekaterinburg is seen as a city with high standards of living compared to other Russian metropolises, and it is placed in the fourth position regarding foreign investments. The highly developed infrastructure and transportation helped Yekaterinburg develop the business operation by air, sea, and land as soon as the industrialization took over. The diversified economy sustains Russia‘sstrength among powerful countries worldwide. Yekaterinburg is known for well-developed sectors like mining, metallurgy, telecommunications, finance, transportation, heavy engineering, retail, and automotive.
Starting a business in Russia and particularly in Yekaterinburg is subject to several conditions one must consider from the beginning. If you want to benefit from our company formation services in Yekaterinburg, please feel free to contact us.