Open a Sole Proprietorship in Russia

Updated on Monday 06th March 2017

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Open-a-Sole-Proprietorship-in-Russia.pngA sole proprietorship in Russia represents the simplest and the most flexible type of legal entity that investors can set up in this country. The sole proprietorship is designed for businessmen who want to start a small commercial activity in which the investor is self-employed. The taxation system for sole proprietorships in Russia is different than the one applicable to other types of legal structures, even if the entity is designed for commercial activities. Those who want to open a company as a sole trader can receive legal advice from our team of company formation representatives in Russia
 

Requirements for sole proprietorships in Russia 

 
Foreign investors who want to open a company in Russia as a sole trader will need to perform a set of legal steps in order to register this type of entity here. Firstly, the businessmen will need to obtain the Russian residency to be legally allowed to open a sole proprietorship, on which our team of company registration agents in Russia can provide legal representation. 
 
Only after this aspect is completed, the foreign businessmen will be able to start the procedure of company registration in Russia, which will require defining a commercial activity that will be carried out through the sole trader. Companies registered as sole traders can develop a wide set of commercial activities, which can be consulted at the Government of the Russian Federation
 

Documentation for sole traders in Russia  

 
The company formation in Russia for a sole trader requires a set of documents that have to be provided for authorization. The businessmen will need to submit the Form R21001, which will testify the registration as an individual entrepreneur. In the situation in which the investor will personally submit the registration documents, he or she will not need to testify such documents in front of a public notary in Russia
 
The investor will need to provide the following documents: 
 
a copy of the document testifying the nationality of the applicant;
a copy of the document attesting the residency in Russia;
an official document providing information on the official address at which the applicant lives in Russia;
a proof on the payment of the state duty;
a document on the criminal record of the applicant. 
 
We invite businessmen to contact our team of company registration consultants in Russia for more details on the registration of a sole proprietorship, as well as on the taxation matters related to this type of legal structure.  
 

Comments

  • Dana 2017-03-06

    I think the sole trader is a suitable solution for those who want to start their own small business.

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