The Russian legislation provides for a restriction on authorized capital structure for small- and medium-sized businesses for the purposes of inclusion in the Unified Register Of Small- and Medium-Sized Business Entities. At least 51% of a company’s authorized capital must belong to individuals and legal entities classified as small- and medium-sized business entities.
Conditions for Recognition of Foreign Invested Limited Liability Companies or Joint-Stock Companies as Small- and Medium-Sized Business Entities
-
Established prior to December 1st of the previous calendar year
-
Income for the previous calendar year — 2 billion roubles max.
-
Average staffing — 250 persons max. for the previous calendar year
-
The foreign participant satisfies the following criteria:
-
Income for the previous calendar year does not exceed 2 billion roubles
-
Averaging staffing is 250 persons max.
-
The share of the foreign participant (offshore) is 49% max.
Benefits for Small- and Medium-Sized Business Entities
-
Reduction of insurance payments from 30% to 15%
-
Compensation of banking fees transferred through quick payment system
-
Exemption from scheduled audits of small-size businesses for 2021 and 2022
-
Subsidies from the federal budget for personnel salaries and other immediate needs
-
Preferential loans with reduced interest rate to cover the expenses associated with business activity
-
Release from payment of penalties associated with public procurement, or extension of time limits for payment
-
Use of the ‘umbrella’ mechanism for suretyship during issue of loans Surety shall be issued by the Small- and Medium-Sized Business Corporation
-
Warnings instead of administrative fines
-
Other regional benefits
Our Services
-
Confirmation of a limited liability company’s compliance with the criteria for inclusion in the Unified Register of Small- and Medium-Sized Business Entities.
-
Preparation and submission of limited liability company information to the Federal Tax Service for the purpose of the company inclusion in the Unified Register of Small- and Medium-Sized Business Entities. The time limit for submission of information to the Federal Tax Service shall be from the 1st to the 5th day of each month.
-
For joint-stock companies: confirmation of a company’s compliance with the criteria for inclusion in the Unified Register of Small- and Medium-Sized Business Entities, and submission of report to the joint-stock company shareholder register holder.
Scheme for the provision of services for inclusion in the register of SMEs
Cost of Services
Starting from 45,000 roubles (determined on the basis of the foreign participant’s jurisdiction and procedures for preparation and submission of reporting in the participant’s country).
Required documents
-
Income tax declaration for the previous calendar year for LLC/JSC with a note about sending to the Federal Tax Service
-
Calculation of insurance premiums for the previous calendar year for LLC/JSC with a note about sending to the Federal Tax Service
-
Income tax declaration of a foreign participant for the previous year with a note on submission to the tax authority of the country of incorporation
-
The participant’s financial statements for the previous year, if information about taxable income (that is, revenue and non-operating income) is not disclosed in the income tax declaration
-
A free-form letter about the average number of employees of the participant for the previous year
