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How can a foreign citizen start a business in Russia? What documents will you need? What are the requirements? Can I be a director from the start?

Western sanctions on Gazprombank have resulted in restrictions on its UnionPay cards, making them unusable at banks outside Russia. Many Chinese, Turkish, Uzbekistan, Tajikistan and other countries' banks continue to process payments and withdrawals with Gazprombank UnionPay cards, but this situation may change.

Sanctions and Ruble depreciation are disrupting Russia-China trade. Importers should open Russian accounts, convert Ruble payments to stable currencies, or switch to foreign currency contracts. Multi-currency accounts in Russian banks can help.

Discover how Indian citizens can open a business in Russia. Learn about required documents, registration steps, director options, and essential tips for a smooth start. Start your business journey today!