🤝Can a foreign citizen be registered as an individual entrepreneur in Russia

Описание: #businessinRussia
Can a foreign citizen be registered as an individual entrepreneur in Russia? Of course! In this video, we will tell you how to do this, and where to start! Watch carefully till the end not to miss any important information!

Before telling you all the nuances of registering as an individual entrepreneur, I want to remind you that an individual entrepreneur is liable for his or her obligations with all his or her property. This means that in the event that indebtedness arises from your business, it will be recovered, including from the property that belongs to you as a private individual.

At the same time, the indisputable advantage of registration as an individual entrepreneur is that all the profit belongs personally to the entrepreneur, and he or she can dispose of it independently at his or her own discretion, of course, having paid all applicable taxes and fees.

Yes, you heard right - you just transfer money to your personal debit card and use it.

And now, let's discuss the essential aspects a foreign citizen should observe when registering as an INDIVIDUAL ENTREPRENEUR.

The first thing you need to do to register as an individual entrepreneur is to collect the required set of documents . For a foreign citizen this is an original translation of the passport, residence permit or temporary residence permit , and TIN or Federal tax ID , if any. In case you want to register as an INDIVIDUAL ENTREPRENEUR using electronic digital signature, a Personal insurance policy number or SNILS is also required.

Also, at this stage you need to choose a taxation system, that is, a system according to which you will pay the established taxes and fees.

At this point you can’t do without a professional accountant's advice, because if you select a taxation system incorrectly, your business will lose out.
A highly qualified accountant will explain to you all the nuances of a particular taxation system, and will help you to choose the one that helps your business to bring the greatest profit.

The next step is the selection of economic activities according to National Classifier of Types of Economic Activity .

Each type of activity is assigned a specific code in the Classifier. It is important to register all the types of activities that you plan to perform. If you miss something, then in the future you will have to add additional types of business to the register, since you can only be engaged in the activity if it is registered in your state register.

In addition, please note that entrepreneurs are not allowed to be engaged in certain types of activities. The list of activities prohibited for entrepreneurs is changed from time to time, therefore you can contact a lawyer dealing with business registration services to get an updated information.

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