Open Joint Stock Company
Closed Joint Stock Company
Minimum authorized capital is RUR 10 000
Minimum authorized capital is RUR 100,000 (approximately
Unlimited number of shareholders
Limited number of shareholders, which cannot exceed 50. Otherwise, the company is subject to reorganization into Open
Joint Stock Company within one year
Shares may be freely sold to third parties
Shares may not be freely sold. Share transfers are subject to
preemptive rights of other shareholders
A representative office is subdivision of a foreign legal entity which represents the company’s (headquarters) interests in Russia and cannot undertake commercial activity. The main purpose of establishing a representative office is marketing research for the Russian market and promotion of commercial relations between the
head company and Russian companies.
A branch is a subdivision of a foreign legal entity which may undertake commercial activity.
The term for which a representative office can be set up is a maximum of three years, with the right of extension.
The term for which a
representative office can be set up is up to five years, with the right of extension.