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Steve759
Just Starting
Joined: 08 Dec 2004
Posts: 1
Location: Dubai
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 Posted: Wed Dec 08, 2004 9:42 pm Post subject: Buying a Ready Made Russian Company off-the-shelf |
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I am interested in setting up a business in Moscow and have read in the Business section of "Way to Russia" that it is possible to Buy "Ready Made Russian Company off-the-shelf"
Can anyone tell me who I should contact to buy one? |
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AliceFromMoscow
WayToRussified
Joined: 10 Jul 2004
Posts: 411
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| Posted: Thu Dec 09, 2004 11:13 am Post subject: |
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| are you sure that you are ready to have a business in Russia?... You have to have many connections in all circles, and you'll have to bribe different organisations when they come to visit you... |
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brandalpayne11
Talk Show Host
Joined: 09 Sep 2004
Posts: 245
Location: NC, US
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| Posted: Thu Dec 09, 2004 9:27 pm Post subject: |
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| Quote: | | are you sure that you are ready to have a business in Russia?... You have to have many connections in all circles, and you'll have to bribe different organisations when they come to visit you... |
Bribe organisations? what like the mafia?
Thats bullshit, why in the hell would u want a business in russia if u had to do that , are u sure, that sounds absurd |
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waytorussia
Frequent Guest
Joined: 17 Mar 2010
Posts: 14
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| Posted: Fri Dec 10, 2004 1:23 am Post subject: |
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Yes, that's absurd: you can perfectly well have a business in Russia and we do. You would only have to bribe someone if you live in 1990s or have an illegal business.
Our partner company can provide you a ready-made Russian company for a $400 US fee. Another choice could be to set up a representative office of a foreign company -- that costs $700 US. This makes you more protected by international regulations, but you can't apply for small business tax cuts.
If you want to have a registered address in Russia (which you need), it costs another $120 US. Accounting costs $30 US per month if you have zero activity, or starting from $150 US per month if you have a few operations (i.e. two-three contracts, three employees, salalries, dividends, etc.)
If you want to request more information about one of these services, please, go to http://www.eventplanning.ru or contact info@eventplanning.ru
Let me tell you a bit about the current company formation and tax situation in Russia.
As a foreigner you can freely own a company in Russia. The two most popular forms are Ltd (OOO in Russian, where the owners have limited liability) or Corp (ZAO - in Russia or it's like "AG" in Germany, where you have shares). The minimum liability is 10,000 Rubles ($340 US), which you can put on the balance of your company (either some tangible assets or cash).
Every company needs to have a director, the minimum employees is 1 person. Some areas of business, such as tourism, transport, telecom, oil & gas etc. require a license (which you can get, but it takes some time).
In the standard tax system (for either a Russian or a foreign rep office), you need to pay 24% off your profits, VAT is 20% (you may also not pay it if your business turnover is less than $10,000 US per month). Dividends are taxed at 9%. There are also some small taxes on your assets, but that's like 1% of their total cost (which is very small if you have small business). You need to pay 26% tax from your employees salary, and they need to pay 13% personal income tax on their salary (30% if they are foreigners). That's all the taxes there are.
Under small business taxation, you can choose between the two systems: either you pay a tax of 6% from your total turnover (and then can't cut it down with your expenses) or 15% from your net income (but in this case there are less operations that are considered to be expenses, than in the standard taxation system). You don't include VAT in your prices. Then you pay 14% on your employees' salary and they pay the same 13% (or 30% if foreigners) on their personal income. The dividends are taxed at 9%.
I need to say I'm not an accountant, so some percentage numbers above can vary like 1-2%, but generally it gives the idea. |
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Alexeis-Zemanova
Frequent Guest
Joined: 15 Dec 2004
Posts: 61
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| Posted: Thu Dec 23, 2004 4:33 pm Post subject: |
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Steve,
Please, please take every precaution in setting up a business in Russia, despite what other people think..
I actually know a guy who was a body-building champ jacked up on more steroids than Drago, and who had made some really big money and went over to set up a merchandising near St Pet's/
He was 'paid a visit' by the racketeers and promptly told them where to go.. you could say he's not in the habit of taking shit from anyone..
Incidentally, he managed to de-face 3 of the mafia guys single handedly, and pretty much thought that as they had taken such a brutal kicking that would be the end of it.
But the cowards had waited until he went out, and ransacked and completely destroyed his premises, stole his stock and left him a written message..
If you saw this guy, you would realize that anyone who says protection- racketeering is not as prevailant in Russia anymore is greatly misguided. .
it's still a very lucrative business for some.
Not to put you off, but be careful, and think about what you do just that little bit more...
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vettra
Lounge Lizard
Joined: 24 Dec 2004
Posts: 123
Location: Cleveland
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| Posted: Thu Jun 23, 2005 12:21 pm Post subject: the more money you have, the more you are in danger |
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| The concept for setting up and creating businesses is similar to USA (and many other countries), you can create a "corporation" [OOO, as mentioned] - you go to "rice polkom", or something like that and there is a legal process, you invest capital, have a partner, set up a corporate charter - all very similar. I think the differences are when the toy businesses start becoming real, eg a) start making money, or b) affect the competition. Example: 2 guys started buying oil in Russia, sending it to Scandinavia for refining, import it back as gasoline. $.01/gallon cheaper, they started nudging out the competition. Both were shot by snipers the same day. That was 1995. A lot has changed, but the same principals apply. |
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