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Russia Company formation and Registration




 







Classes of Companies / Partnerships in Russia


It is possible to incorporate in Russia in one of the following forms:

  • A Limited Liability Company (with the suffix OOO).
                - No more than one person is required to found the company.
                - The company appoints two bodies of management, a "board of directors" and a "board of management".
                - The liability of the owners of the company is limited to the amount of capital invested.
                - The maximum number of shareholders is 50.
                - The company's financial statements must be filed in Russian (roubles).
  • An Open Consolidated Stock Company (with the suffix OAO)
                - The company may issue and offer shares to the public.
                - A shareholder may sell his shares without the consent of the other shareholders.
                - The company is managed by a board of directors.
                The board appoints the "board of management" that deals with the everyday management and operation of the Company.
                - The liability of the members is limited to the amount of capital invested.
                - The accounts and reports will be prepared in Russian.
                - The annual statements will be audited in roubles by an auditor.
  • A Closed Consolidated Stock Company (with the suffix ZAO)
                - This class of company is similar to the open stock company with a number of differences.
                - The company may not issue shares to the public.
                - The company may not issue shares to the public.
                 - The consent of other shareholders is necessary for a shareholder to sell any of his shares in the company.











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