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Thread: setting up your own company in Moscow

  1. #1
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    setting up your own company in Moscow

    has anybody got experience of setting up their own company and then using this to obtain a work visa for oneself?

  2. #2
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    Check MoscowExpats FB group.

  3. #3
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    I would do a consult with 1) Attorney, 2) Accountant. Well worth it.

    or (the way I did it)

    1) Rent the space 2) Hire an office manager 3) Let the office manager do all the setup work!
    "Defund the Social Sciences." - Fantastika, 2020

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  5. #4
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    This is very simple and cheap process but the maintenance is expensive. If your questions is still valid, do not hesitate to ask for suggestions.

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  7. #5
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    My experience was the opposite of Tasel's; the set-up was expensive but the maintenance cheap and not so tough.
    I set up an HQS visa which is probably what you'll want to do, since you'd need a licensed business (school) to be able to set up plain work visas, and the licensure process as I understand is timely, complicated,and costly (the best flat-rate, generic quote I got was $5k).

    So, to issue yourself an HQS visa you:
    1. Register your company in Moscow (60k-ish rubles)
    2. Issue yourself a work permit and then HQS visa, through your own company (80k-ish rubles)
    3. A foreigner cannot initially be the general director of a Russian company, and you'll probably want to make yourself the general director, to make all the paperwork-signing and processing easier, so you'll pay the legal office to do that for you eventually (15k)
    4. Just pay yourself the minimum salary of 167k (maybe it's more now, for 2020?) each month, including all the taxes (you're exempt from pension and healthcare but will pay income tax, workman's comp, and some third cheap tax (take-home pay on the 167k should be about 145k.
    5. Don't forget that you'll be paying "profit" tax on your company's revenue quarterly, too, either 10% flat rate or 15% on the remaining revenue after deducting expenses, as I recall.

    Good luck on your coming adventure! )
    I am fascinated by Russia, this country with frigid weather, hard souls, and hot girls!

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  9. #6
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    I wonder if you'd be saving money if you locate your office or company outside of Moscow city limits? (besides rent of course).
    "Defund the Social Sciences." - Fantastika, 2020

  10. #7
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    The savings would very small. The rent for your office or office address would be less but the rest are the same. Also, if you don't have any activity on your company for the first year, you can choose 6% (УСН) simplified tax system. To change from one tax system to another can be done only at the end of the year and if you miss that turn, you have to wait for next year end.

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  12. #8
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    Quote Originally Posted by nicklcool View Post
    My experience was the opposite of Tasel's; the set-up was expensive but the maintenance cheap and not so tough.
    I set up an HQS visa which is probably what you'll want to do, since you'd need a licensed business (school) to be able to set up plain work visas, and the licensure process as I understand is timely, complicated,and costly (the best flat-rate, generic quote I got was $5k).

    So, to issue yourself an HQS visa you:
    1. Register your company in Moscow (60k-ish rubles)
    2. Issue yourself a work permit and then HQS visa, through your own company (80k-ish rubles)
    3. A foreigner cannot initially be the general director of a Russian company, and you'll probably want to make yourself the general director, to make all the paperwork-signing and processing easier, so you'll pay the legal office to do that for you eventually (15k)
    4. Just pay yourself the minimum salary of 167k (maybe it's more now, for 2020?) each month, including all the taxes (you're exempt from pension and healthcare but will pay income tax, workman's comp, and some third cheap tax (take-home pay on the 167k should be about 145k.
    5. Don't forget that you'll be paying "profit" tax on your company's revenue quarterly, too, either 10% flat rate or 15% on the remaining revenue after deducting expenses, as I recall.

    Good luck on your coming adventure! )
    Also, for the HQS visa, you need to submit quarterly reports to the interior ministry (МВД).

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    TheInterocitor (25-09-2020)

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