Business
Civil Code company law with heavy counter-sanctions overlay
Companies are governed by the Civil Code and the laws on limited liability and joint-stock companies, with an OOO requiring only RUB 10,000 of capital. Since 2022 presidential decrees on counter-sanctions control transactions with persons from unfriendly states.
Key rules
- Minimum capital is RUB 10,000 for an OOO and RUB 100,000 for a public joint-stock company.
- Registration is with the Federal Tax Service, which maintains the unified register of legal entities.
- Transactions involving unfriendly-state persons may require government commission approval.
- Some foreign-owned assets have been placed under temporary state management by decree.
Governing law
- Civil Code of the Russian Federation (1994)Part One on legal entities.
- Federal Law No. 14-FZ on limited liability companies (1998)
- Presidential Decree No. 618 on transactions with shares (2022)Counter-sanctions consent regime.
In practice
Exit by a foreign shareholder now typically needs approval of the government subcommission plus a mandatory discount and budget contribution, so the corporate documents are the easier half of the deal.