Entrepreneurs from abroad can benefit from the generous business environment in Russia and set up all kinds of activities, in complete agreement with the Commercial Code and the Companies Act in this country. The limited liability company is the most popular business form in Russia, also known as OOO, and can be easily registered by foreign investors, with complete support offered by our team of company formation specialists in Russia.
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What is an OOO in Russia?
A limited liability company in Russia is actually defined as an OOO. It is the type of Russian company that is best suited for businesses with foreign capital. Foreign investors can choose to set up a limited liability company in Russia regardless of their activity. They must, however, be aware of the fact that some fields may require a license before starting to practice commercial activity.
If a limited liability company in Russia is created by an entity, then the rule of having 2 owners is imposed. But in the situation where several entities want to form an LLC, then no requirement of a minimum number of owners for that LLC in Russia was imposed.
Conditions for opening an OOO in Russia in 2025
We remind that our team of company incorporation representatives in Russia is at your disposal with the necessary support at the time of company registration. If you would like to set up an OOO in Russia in 2025, you should bear in mind the following requirements and steps:
- the company’s documents need to be notarized and then submitted to the Trade Register;
- the minimum share capital needs to be deposited in a bank account in Russia;
- the company needs to register for the State Pension Fund, medical insurance, and social insurance;
- a corporate bank account needs to be opened for the company’s future business financial operations.
The minimum share capital for a Russian OOO in 2025
In order to establish a limited liability company in Russia or an OOO in 2025, a minimum share capital of RUB 10,000 has to be provided, out of which 50% should be deposited in a temporary bank account before the company’s registration in Russia. After the procedure of company registration in Russia is completed, the sum can be transferred into a permanent bank account. The capital of an OOO is divided into units which can be sold to anyone. More details about how to open an OOO in Russia in 2025 and about how to deposit the minimum share capital can be solicited from our specialists. We will gladly help foreign investors opening a business in Russia.
How many shareholders are necessary for a Russian OOO?
At least one shareholder has to decide upon setting up a limited liability company in Russia. It is not allowed for a Russian OOO to have more than 50 founders, regardless of their residency or nationality. If the members of the company decide through a unanimous vote, company shareholders can have rights that exceed their own contribution.
The management structure of a Russian OOO
A Russian OOO must have a management structure formed of a board of directors and an executive body. The minimum management structure consists of one director. General meetings must be organized at least one time every year. The executive body of the limited liability company must follow all instructions specified in the charter document of the company.
When an OOO is established in Russia, the managers of the respective company can be of any nationality. Even the founder can be the manager of his own company in Russia. We mention that setting up a company in Russia takes approximately 11 days.
How can an OOO in Russia be verified?
The board of directors of a limited liability company in Russia or a Russian OOO is also responsible for verifying and evaluating the company’s activity. In fact, the board of directors also represents the supervisory board. All issues that are not discussed in the general meeting fall under the responsibility of the supervisory board.
Frequently Asked Questions
Our company formation specialists in Russia often receive questions about registering companies in this country. That’s why we have prepared a set of questions and answers to help you get an idea of a limited liability company, the most used business entity in Russia.
RUB 10,000 is the minimum share capital to set up an LLC in Russia. The amount that must be deposited in a local bank account. The formalities in this regard can be managed by our team of specialists.
A small business in Russia can be established by at least one shareholder. Therefore, OOO is a suitable structure for investors at the beginning of the road. We are here to guide you throughout the process of setting up a company in Russia.
To make sure your company name is not similar to another company already on the market, you need to do a check in this regard. The Unified State Register of Legal Entities in Russia is the institution that allows such verification. This service can be offered by our specialists.
OKVED activity code shows the type of operations that your company can have in Russia. The categories can be accessed free of charge online.
The Articles of Association, meeting of founders, agreement on the establishment are some of the documents with the help of which small business can be established in Russia and more precisely LLC. These can be written by our local agents, so do not hesitate to get in touch with us.
Yes, the company must be registered with the relevant institutions in order to prove that they are taxpayers. VAT, for example, is one of the most important taxes in the Russian Federation, and our specialists can guide you on the necessary formalities.
The registration time for a small business in Russia is about 6 weeks, but the process can take less if all the formalities are in order. Our team of company training agents in Russia can guide you in this process from the very beginning.
There are no restrictions on directors of a company in Russia. This means that you can appoint any manager, regardless of nationality.
Registration to social security, pension funds, and other social contributions is required for a small business in Russia. Support in this matter is offered by our team of local agents in Russia.
Yes, according to the Company Law in Russia, the shareholders of a company must meet at least once a year.
The economic direction of Russia – Why invest here
Even if the current social context is not exactly suitable for Russia’s partners, the country remains on the list of those who want to develop their operations in an optimal business climate. To give you an idea of how advantageous it is to open a business in Russia, the following data may raise your interest:
- Around 4% was the GDP growth of Russia in 2024, but an economic growth of almost 1% or even more is expected in 2025.
- The manufacturing sector of Russia was quite powerful in 2024, with a growth of around 8%. This sector largely supported the economic growth registered by Russia in 2024.
- Banks in Russia reported an annual profit of approximately USD 40.7 billion in 2024, according to the Central Bank.
If the limited liability company is the right structure for the business you want to develop in Russia, we suggest you use the services of our accountants in Russia. We offer payroll, bookkeeping and audits, among other services. Feel free to contact our experts in company incorporation in Russia and find out more about LLCs.