Set up a Restaurant in Russia

Updated on Thursday 21st July 2016

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Set-up-a-Restaurant-in-Russia.jpgRunning a restaurant can be a challenging, yet attractive activity. Carried out under a good management, this type of business can yield positive financial results in a relative short period of time, considering that the consumer market is interested in the services provided by catering units. Businessmen who want to set up a restaurant in Russia should know that they have to be represented by a legal entity. At the same time, they will need to acquire special business permits, which are specific to this industry. Our team of Russian company formation representatives can offer an in-depth presentation on the main steps required to register a restaurant in Russia
 

Restaurant industry in Russia  

 
Those who want to open a company for performing activities related to a restaurant should know the current trends of the industry. An important aspect of the restaurant industry is that the consumers have become more interested in casual restaurants, providing quality services at moderate prices
 
Between 2014 and 2015, the Russian restaurants registered an increase in the field of foodservices chains, which developed by 29% in value and by 16% in the total number. 
 
At the moment, Russian market is drawn by the American fast food restaurants, but at a national level, 82% of the total catering units are represented by independent establishments. 
 
The local and foreign investors are very interested in establishing franchising contracts in this field, as half of the chain-restaurants are represented in Russia by a franchise (out of the total number of 14,773 restaurants, 7,058 are set up as franchises); our team of Russian company formation agents can offer more details on this matter. 
 

Register a restaurant in Russia  

 
In order to open a restaurant in Russia, the investor will need to establish the legal grounds to represent his or her business. The company will need to be incorporated under a legal entity
 
The Russian legislation provides several options in this sense, but most of the entrepreneurs choose to register a limited liability company (LLC), as it offers more advantages to the shareholders. Companies set up as LLC require a minimum share capital of RUB 10,000, out of which 50% must be deposited prior the registration of the company
 
Businessmen interested in receiving more details on the procedure regarding the registration of a restaurant in Russia can address to our team of Russian company formation consultants.  
 
 

Comments

  • Igor 2016-07-20

    It is not difficult to register a restaurant here, but it is advisable to study the entire process before starting the procedure.

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