Running a restaurant can be a challenging, yet attractive activity. Carried out under a good management, this type of business can yield positive financial results in a relative short period of time, considering that the consumer market is interested in the services provided by catering units. Businessmen who want to set up a restaurant in Russia should know that they have to be represented by a legal entity. At the same time, they will need to acquire special business permits, which are specific to this industry. Our team of Russian company formation representatives can offer an in-depth presentation on the main steps required to register a restaurant in Russia.
Restaurant industry in Russia
Those who want to open a company for performing activities related to arestaurant should know the current trends of the industry. An important aspect of the restaurant industry is that the consumers have become more interested in casual restaurants, providing quality services at moderate prices.
Between 2014 and 2015, the Russian restaurants registered an increase in the field of foodservices chains, which developed by 29% in value and by 16% in the total number.
At the moment, Russian market is drawn by the American fast food restaurants, but at a national level, 82% of the total catering units are represented by independent establishments.
The local and foreign investors are very interested in establishing franchising contracts in this field, as half of the chain-restaurants are represented in Russia by a franchise (out of the total number of 14,773 restaurants, 7,058 are set up as franchises); our team of Russian company formation agents can offer more details on this matter.
Register a restaurant in Russia
In order to open a restaurant in Russia, the investor will need to establish the legal grounds to represent his or her business. The company will need to be incorporated under a legal entity.
The Russian legislation provides several options in this sense, but most of the entrepreneurs choose to register a limited liability company (LLC), as it offers more advantages to the shareholders. Companies set up as LLC require a minimum share capital of RUB 10,000, out of which 50% must be deposited prior the registration of the company.
Looking for accountants in Russia? Our team will be at your disposal with specialized help and optimal services for the company you have. Among them, payroll and bookkeeping are the most important. Also, you will have help with the preparation and submission of annual financial statements. Those interested can request management of human resources, audits, risk assessment, and evaluation for the firm. Contact us to benefit from a free case evaluation.
Businessmen interested in receiving more details on the procedure regarding the registration of a restaurant in Russia can address to our team of Russian company formation consultants.