Russia
FITA helps you find
service providers for:
service providers for:
Operating a Business in Russia
Setting up a company | Working conditions | Cost of labor | Social partners
Setting up a company
Legal business entities
| Types of companies and capital (max/min) | Number of partners/shareholders and liability | Registration fees |
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Open Joint Stock Company (AO)
|
No minimum.
|
Documents Authentication: RUR 200 per copy; Registration to the Ministry of Finance's registry to obtain the unique registration number and taxpayer identification number (INN): RUR 2,000; Authentication of the registration certificate and tax identification number: RUR 400; Notary fees: RUR 800. |
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Closed Joint Stock Company (AOZT)
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50 minimum.
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Documents Authentication: RUR 200 per copy; Registration to the Ministry of Finance's registry to obtain the unique registration number and taxpayer identification number (INN): RUR 2,000; Authentication of the registration certificate and tax identification number: RUR 400; Notary fees: RUR 800. |
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Limited Liability Company
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No minimum.
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Documents Authentication: RUR 200 per copy; Registration to the Ministry of Finance's registry to obtain the unique registration number and taxpayer identification number (INN): RUR 2,000; Authentication of the registration certificate and tax identification number: RUR 400; Notary fees: RUR 800. |
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Limited Partnership
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No minimum.
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Documents Authentication: RUR 200 per copy; Registration to the Ministry of Finance's registry to obtain the unique registration number and taxpayer identification number (INN): RUR 2,000; Authentication of the registration certificate and tax identification number: RUR 400; Notary fees: RUR 800. |
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Full Partnership
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No minimum.
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Documents Authentication: RUR 200 per copy; Registration to the Ministry of Finance's registry to obtain the unique registration number and taxpayer identification number (INN): RUR 2,000; Authentication of the registration certificate and tax identification number: RUR 400; Notary fees: RUR 800. |
- Business setup procedures
- Since 2002 and the State Registration of legal entities Act, companies must be registered.
- The competent organization
- The local tax office
Working conditions
- Legal weekly duration
- 40 hours
- Retirement age
- .Retirement is possible from age 55 for women and age 60 for men (after 5 years' contributions in the private sector and 15 in the public sector).
- Working contracts
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A work contract is governed by legal provisions and to a lesser extent by collective agreements and individual negotiation.
Contracts can be permanent or fixed-term. The use of a fixed-term contract must be justified.
Cost of labor
- Minimum wage
-
At the present time, 1 100 RUR (40 USD ) at the federal level. This went up to 2 000 RUR in September 2008.
The regions can also set their minimum wage. - Average wage
- Average monthly gross earnings in Russia is RUB 16,447 (USD 528).
- Social contributions
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Social security contributions paid by employers: 26% (unified social tax) but the rate is regressive.
Social security contributions paid by employees: No contributions.
Social partners
- Social dialogue and involvement of social partners
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The scope of the unions is seriously limited by government policy and the position of strength of the Federation of Russian independent unions (FSIR), which is close to the government and prevents other unions from developing freely.
In addition, the new law on NGOs also applies to unions and limits their activity considerably. - Unions
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Federation of Russian independent unions
- Unionization rate
- 46% according to the FSIR (of which 95% are members of this). The trend is towards a drop.
- Labor regulation bodies
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Federal migrations Service
Ministry of Health and Social Development, Employment and Social Relations Service
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Last updates: November 2009