Russian President signed a law on simplification of entrepreneurs’ registration in non-budgetary funds

8th April 2014

In particular, it includes a reduction of registration terms for legal entities and individual entrepreneurs in the state non-budget funds, as well as the exchange of information between the registration authority and the state non-budget funds

Russian President signed a law on simplification of entrepreneurs’ registration in non-budgetary funds. This refers to the law adopted by the State Duma on March 21th and approved by the Federation Council on March 26th, 2014.

Federal Law “On Amendments to Certain Legislative Acts of the Russian Federation in terms of reduction of registration terms for legal entities and individual entrepreneurs in the state non-budget funds and on revocation of certain provisions of the Federal Law “On insurance premiums to the Pension Fund of the Russian Federation, the Social Insurance Fund of the Russian Federation, Federal Statutory Health Insurance Fund ” aimed at reducing administrative barriers and simplifying procedures for state registration. In particular, it includes a reduction of registration terms for legal entities and individual entrepreneurs in the state non-budget funds, as well as the exchange of information between the registration authority and the state non-budget funds.

In addition, entrepreneurs have the opportunity to receive such information electronically to the email address specified when submitting documents to the registration authority. Also it will be possible for an entrepreneur to get a hard copy of documents confirming the registration, upon written application.

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