What does a foreign citizen need to start a business in Russia? Are there any restrictions? May a foreigner carry out business activities in any sphere? We’ll try to answer these questions in this article.
The question, whether a
Firms, companies, organizations and individuals can be founders of limited liability companies in the Russian Federation. But they are not necessarily residents of the country. Registration of LLC for a foreign citizen has its own characteristics.
Foreign nationals can’t be employed in Russia unless they obtain special permission. That relates to a separate category named
The Russian Federation as every other civilized country, does not limit foreigners legally living in the country, in law to conduct business. Moreover, for attracting foreign investments, business in Russia for foreigners is governed by the same rules as for Russians. Still, there are nuances. We will review them in more detail.
Individual Proprietorship for temporary residents: how to set up a business in Russia by a foreign national
Russia is interested in bringing foreign investments as never before that’s why the registration of a business has been considerably simplified in later years. The citizenship doesn’t matter now and the procedure is the same for everybody. The place of residence has a key role now. It relates to Individual Proprietor registration by foreigners with temporary residence permits as well.
The main reasons are the international sanctions, the growth of crisis trends, and the aggravation of the geopolitical situation in the world. Currently, it is crucial to attract capital from abroad, and it requires particular attention.