Electronic Registration Available To Foreign Founders

Under the amendment to the Law on State Registration and State Register of Legal Entities, the notions of a limited liability company (LLC) with foreign investment and electronic state registration of LLC with foreign investment are introduced.

Foreign and stateless persons wishing to establish an LLC (presumably, without any local or foreign co- founders) must fill in online an application and e-sign it together with a customised charter generated by the system. Another document to file electronically is a scan of the document proving the address of the LLC. A confirmation of filing and the registration documents following completion of the e-registration are e-mailed to the foreign/stateless founder.