Set up a Company in Construction Sector in Russia

Updated on Monday 03rd July 2017

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Set-up-a-Company-in-Construction-Sector-in-Russia.jpgA construction company in Russia needs to obtain special permits and licenses for its specific  activities. At the same time, investors interested in opening a company in Russia in the construction sector are required to receive special permits issued by the relevant authorities for each construction project. A construction business in Russia is entitled to participate in various types of construction projects, for commercial or residential purposes. Our team of company formation agents in Russia can offer in-depth assistance on the registration procedure and on the required business licenses. 
 

Register a construction company in Russia  

 
One of the first aspects the investors should agree upon is the legal entity under which their Russian company will operate. Businessmen may choose to register a limited liability company or a private joint stock company or, for example, they may also set up a branch office of a foreign company
 
Since the company will perform taxable activities which will be developed by the company’s employees, the legal entity will need to register for the taxation of the employees. In this sense, it is compulsory to subscribe to the Pension Fund, the Obligatory Medical Security Fund and the Social Security Fund
 
Any company in Russia will also need to establish a corporate bank account, in which the investors will deposit the minimum share capital, which depends on the business form chosen for incorporation. Also, it is required to establish a company’s seal and a business office and our team of company registration representatives in Russia can provide more details on this matter. 
 

Construction permits in Russia  

 
A construction company in Russia is required to obtain business permits for the special tools and vehicles used when performing a construction project. The procedure of company registration in Russia in this field will also need to provide licenses that will attest the safety measures related to the work environment applicable to the company’s employees. Also, the applicable legislation stipulates that a company may receive a construction permit after the project has started, as provided by the Urban Planning Code of the Russian Federation
 
Please contact our team of company formation consultants in Russia for more details on the registration of a construction business
 

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