Ten years ago the process of incorporation was quite sophisticated and included many visits to the local administration authority, tax authority and police, social insurance funds etc. By now the process has been substantially simplified. However, one should bear in mind that this procedure is not fully technical yet and lawyers are still needed at the stage of preparation of statutory documents. This issue should not be ignored as the foundation for future corporate disputes may be created at the stage of preparation of statutory documents. Additionally, the proper structuring of business, including diversification of risks and assets protection, is essential.
Under incorporation we not only imply the competent drafting of statutory documents and “key ready” registration, but also legal advice in such issues as the choice of structure, form of business organization, taxation, and other business issues.