Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Open Joint Stock Company (AO) 100,000 RUR	No minimum. Liability is limited to the amount of capital invested.
Closed Joint Stock Company (AOZT) 10,000 RUR	No minimum Maximum: 50 Liability is limited to the amount of capital invested.
Limited Liability Company 10,000 RUR	No minimum. Liability is limited to the amount of capital invested.
Limited Partnership 10,000 RUR	No minimum. At least one person has unlimited liability and the others have limited liability.
Full Partnership No minimum capital.	No minimum. Liability is unlimited.

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Russia.
Registration Chamber

Working Conditions

Legal Weekly Duration: 40 hours
Retirement Age: .Retirement is possible from age 55 for women and age 60 for men (after 5 years' contributions in the private sector and 15 in the public sector).
Working Contracts: A work contract is governed by legal provisions and to a lesser extent by collective agreements and individual negotiation.
Contracts can be permanent or fixed-term. The use of a fixed-term contract must be justified.

Minimum Wage: At the federal level, 2,000 RUR per week. The regions can also set their minimum wage.
Average Wage: Average monthly gross earnings in Russia is RUB 16,447 (USD 528).
Social contributions: Social Security Contributions Paid By Employers: 26% (unified social tax) but the rate is regressive.
Social Security Contributions Paid By Employees: No contributions.

Social Dialogue and Involvement of Social Partners: The scope of the unions is seriously limited by government policy and the position of strength of the Federation of Russian independent unions (FSIR), which is close to the government and prevents other unions from developing freely.
In addition, the new law on NGOs also applies to unions and limits their activity considerably.
Unions: Federation of Russian independent unions
Unionization Rate: 46% according to the FSIR (of which 95% are members of this). The trend is towards a drop.
Labor Regulation Bodies: Federal migrations Service (in Russian)
Ministry of Health and Social Development, Employment and Social Relations Service

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