Clarifications of the Federal Tax Service on the reflection of information on a sole shareholder in the Unified State Register of Legal Entities
The Federal Tax Service of Russia has clarified that starting from April 26, 2021 in respect of a joint-stock company established by one person or a joint-stock company which, both before and after that date, began to consist of one person, information on the sole shareholder must be entered in the Unified State Register of Legal Entities.Read more
Choosing a business structure in Russia
What options do we have to set up a legal entity in Russia?
Foreign companies may choose among the following 4 options:
- Joint-stock company
- Limited liability company
- Representative office
- Branch office
Amendments to the corporate law due to COVID-19 pandemic
On April 01, 2020, the State Duma passed a bill into law amending the following:
- regulations on the content of annual reports from public corporations (companies) and public not-for-profit organizations;
- regulations providing for special rules for the regulation of corporate relations in 2020;
- regulations suspending certain legislative acts in Russia.
Appointment of 2 Directors in a Russian company
We are frequently asked whether it is possible that companies in Russia have 2 directors. Our lawyers answered this question in the article below.Read more
Liquidation of a Company in Russia
Liquidation of a company in Russia may seem to be a tricky and complicated process. In order to help companies learn more about the whole process and be able to estimate possible time frames, please see below a liquidation plan for an LLC in Russia (OOO) with Konsu, which consists of 11 steps.