In the Russian legislation two forms of a corporation exist. The public limited company (“PAO“) and not a public limited company (“AO“).
Closed Joint Stock Company is distinguished by the fact that the shares are only shared among the shareholders or in advance certain shareholders (max. 50) are distributed and therefore also paid dividends. Moreover, there is no obligation to publish the balance sheets. The partners and shareholders have a right of first refusal to the shares offered by other shareholders and shareholders.
By public Joint Stock Company is the number of shareholders unlimited and there is the obligation to publish the balance sheet.
The establishment process of JSC differs only in a few details of the creation process of OOO in Russia. The main difference is the registration of the share issue by the Central Bank of the Russian Federation.
Within the next 30 days after the application to issue shares, the Central Bank of the Russian Federation announces its decision. It can perform the following decisions:
In addition to the documents that are necessary for the registration of an OOO, the following is required:
For the registration of the shares issue by the Central Bank of Russian Federation the following is required:
In addition the following may be submitted:
The costs by the registration comprise the state, notary and lawyer fees.
With pleasure we will send you an offer for establishment of the Joint Stock Company in Russia.
Your contact is a German lawyer Juri Semiletopulo (German, English, Russian). Just contact us directly by email or phone.
Munich: +49 89 215 51 061
Moscow: +7 495 151 21 15