A limited liability company in Russia is known as an OOO. This type of company is well-suited for businesses with foreign capital. Foreign investors can choose to establish an OOO in Russia regardless of their business activity, but it's important to note that certain fields may require a license before practicing commercial activity.
In 2023, the minimum share capital required to establish an OOO in Russia is RUB 10,000. Out of this amount, 50% must be deposited in a temporary bank account before registering the company. Once the registration process is complete, the funds can be transferred to a permanent bank account. The capital of an OOO is divided into units that can be sold to interested parties. Russian OOO requires at least one shareholder. However, the OOO cannot have more than 50 founders, regardless of their residency or nationality. Shareholders in the company can be granted rights exceeding their initial contributions if decided through a unanimous vote by the members of the company.
For more information on how to open an OOO in Russia in 2023 and how to deposit the minimum share capital, you can reach out to our specialists. We are here to assist foreign investors in starting a business in Russia in 2023.