FAQ: What documents do you need to conduct business in Russia?
When starting a business in Russia, you will need to provide specific documents and undertake certain procedures. Below is a guide for Indian entrepreneurs.
1. Licences and permits
Depending on your industry, you may need licences in order to operate (e.g. for trade or manufacturing). Apply through the local authorities, the Gosuslugi portal (a digital platform for government services), or Multifunctional Centres (MFCs), which will assist you with paperwork and approvals.
2. Company name
Your company name must be unique. Check whether your preferred choice is available via the Federal Tax Service (FTS) database to avoid duplication.
3. Legal address
A legal address in Russia is mandatory. This can be a rented office or a purchased property and must be documented during registration.
4. Charter documents
Prepare a company charter outlining your business structure and rules. You won’t be able to register without it.
5. Identity documents
Provide identity documents (such as passports) for founders and directors. Copies must be notarised for submission.
6. Minimum charter capital
For an LLC, the minimum charter capital is 10,000 RUB (around 10,000 INR). Deposit this amount into a bank account before you register.
7. Registration with the Federal Tax Service (FTS)
You must register your company with the FTS to obtain an INN (Taxpayer Identification Number) and OGRN (Primary State Registration Number). These are recorded in the Unified State Register of Legal Entities (EGRUL), a public database. You can access EGRUL online to verify company details or check counterparties.
How Sberbank сan help
Sberbank Branch in India can help you prepare documents, open accounts, and navigate Russian regulations, ensuring a smooth start.