Open a Company in Russia – IT sector

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Open a
Company in Russia – IT sector

 

 

15.12.2021

Open a company in Russia

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Steps for opening company in Russia

Russia have made various laws and also reduced the burden
related to the company registration procedure which has made the country more
appealing to foreign investors. With its economy performing well thanks to
industries such as the oil and gas and agriculture,  information technology industry has fast
growing part of Russian industry which has undergone several changes which have
made it more appealing. Foreign investors interested in starting an IT business
in Russia must comply with Federal Law on Information Technology and
Information Protection.

 

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Registering a company in Russia – IT sector

The registration process of a IT business in Russia is the
same as for a business in any other industry. In order to ensure a smooth
opening of company with registration procedure, the owner can appoint a law
firm in Russia to carry out the process. Once the incorporation documents are
prepared, the bank account opened and the share capital deposited, the IT
company can be registered with the Russian Companies Registrar. Following that,
specific licenses must be obtained.

 

 

Regulations for IT companies in Russia

Majority of  IT companies in Russia
will develop software programs which imply gathering data about individuals and
companies. The new IT Law contains specific provisions about the processing and
maintenance of such sensitive data and requires companies to protect this
information. Russian IT company will need the right telecommunication
infrastructure for which it will need a special license from the Ministry of
Communications and Mass Media.

 

The company may also register one or more domain names with
the Network Information Center. There is cases when  IT businesses must comply with the
intellectual property legislation. They are also allowed to patent the programs
they design or register trademarks. Our experts in Russia are ready to provide
comprehensive support for foreign entrepreneurs and businesses, they will help
you at all stages, from a preliminary assessment of the situation and choosing
the best solution to obtaining all the necessary registration documents and
getting started.

 

By seeking legal advice, you will receive the following
guarantees: the result will be achieved within a certain period, and any issue
will be resolved as quickly and efficiently as possible, and all this for
reasonable money.

 

Besides, you will protect yourself from possible risks and
mistakes in opening company in Russia, which can turn out to negative
consequences.

 

 

 

 

 

 

 

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