Dmitry Medvedev approved the road map to optimize the business registration procedures


Prime Minister of Russia Dmitry Medvedev approved the road map (by the Decree of the RF Government No. 317-R, dated 07.03.2013) “Optimization of procedures for registration of legal entities and private entrepreneurs”, developed by the working group of the Strategic Initiative Agency, within the framework of the project “the National Entrepreneurial Initiative to Improve the Investment Climate in the Russian Federation” (NEI).

The main goal of this map is to reduce the time and minimize the number of the necessary procedures to establish a limited liability company.

Citizens will be given the opportunity to submit the documents for state registration through an intermediary - registered agent (notary officer, lawyer, bank); for the founders of LLC - more flexibility in determining the terms of the charter capital payment (within two months following the moment of state registration of the company), which will reduce costs made by entrepreneurs when beginning a new business; the possibility of using standard charters at registration of LLC.

Furthermore, the measures indicated in the document will help to shorten the time of communication between the Registering Body and public extra budgetary funds.

Source: Press Service of the Strategic Initiatives Agency
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