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.
Business activity forms for foreign companies in Russia
When setting up a subsidiary/company in Russia, foreign companies need to choose the right type of legal entity/business form for their business in Russia.
Our table shows the types of legal entities/business forms that foreign companies can set up in Russia, comparing the following parameters: general information, registration, registration fees, ownership requirements, legal address, assets, activity, mandatory corporate procedures, reporting, liability, foundation documents, additional procedures, antimonopoly regulations, and management.
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.