Foreign investors can register a general partnership in Russia. Such structure can be incorporated under three types of business forms, each one of them offering different advantages and obligations to its investors. Businessmen who want to open a company in Russia as a general partnership should know that the local legislation allows both natural persons and legal entities to become associates under this structure. Our team of company formation representatives in Russia can offer more details on the regulations referring to the general partnership and can also assist with the incorporation procedures.
Those who want to start the procedure of company formation in Russia as a partnership can choose from the following three legal entities:
When opening a general partnership in Russia, investors should first study the regulations of the Russian Civil Code. To start the company incorporation in Russia for this legal entity, the investors will need to sign a foundation agreement, through which the businessmen will become partners.
In terms of the company’s liability, the partners will become separately and jointly liable for any debts incurred during their business activities. Such provisions are to be mentioned in the foundation agreement, in which the associates will state the share of assets belonging to each partner and our team of company formation consultants in Russia can offer more details on the legal aspects related to the founding documents. Here are other important aspects:
When drawing the founding agreement, the investors will need to notarize the respective document and then, register the legal entity with the Trade Register in Russia; later on, the partnership will also be registered for taxation purposes, as required by the applicable legislation.
If you want to set up a general partnership in Russia, you may be interested in the following features. This is how you can better understand this business structure available in Russia:
A general partnership is a flexible business structure that can be established by two or more partners. Each of the members is liable for the debts, losses, and assets of such partnership. It is very important to draw up an agreement in this regard, in which all the terms and conditions of the respective partnership are established. Compared to other business structures, the partnership is less expensive.
We invite you to learn more about how to open a company in Russia and especially a general partnership. Our local agents can provide you with information and guidance if you are interested in this business structure.
Local and foreign entrepreneurs can choose to open a general partnership in Russia for several reasons. We mention some benefits of this structure:
We invite you to discover some data about the Russian economy if you want to open a business in this country in the future:
Please contact our team of company formation agents in Russia for professional assistance on the incorporation of a general partnership. You can also contact our accountants in Russia if you want to open a company and benefit from complete services.