You have seen the business opportunities available to you in Russia and have a great idea for a profitable business. Although the bureaucracy that Russia was famous for in the past has gotten better in recent years, there are still steps you will need to follow when starting a business in Russia and it will become very important to pay attention to the details. One of these details is deciding on a name for your business.
Restrictions on Company Names in Russia
When you work with the attorneys and business advisors at Jus Privatum, we will offer expert advice on selecting a name for your company that will not only draw in customers but will meet the legal requirements set forth by Russian law. When choosing the name for your Russian business entity, you should be aware of the following restrictions:
- You are not permitted to use the full or abbreviated name of the Russian Federation, foreign states, or words derived from such names.
- You are not permitted to use the full or abbreviated name of federal or state authorities of constituent entities of the Russian Federation or local government bodies.
- You are not permitted to use the full or abbreviated name of any international or inter-governmental organizations.
- You are not permitted to use the full or abbreviated name of any public associations.
- You are not permitted to use designations counter to the public interest or counter to moral principles.
- If you are part owner of a company that is 70 percent or more owned by the Russian Federation, you may apply for permission to use ‘Russia’ or a derivation of the name in your company name. You may also apply to the Interdepartmental Commission of the Moscow Government for a permit to use the name ‘Moscow’ or the names of Moscow districts in your company name.
These restrictions are fairly wide-reaching and working with a lawyer who is knowledgeable about these rules could save you a great deal of time and effort. For example, we can indicate that the Russian legal entity is a Russian subsidiary of the famous foreign company by using the word ‘Russia’ transliterated into Russian. So your Russian partners and customers will clearly understand that the company is a Russian subsidiary without breaking the legal limitations or obtaining special permission as mentioned above. The English version of the company’s name may include word ‘Russia’ without limitations.
Other Considerations When Choosing a Name
Now that you know what words you may not use in the name of your business, you should be aware of some of the requirements of the name you choose, including the following:
- Your name must contain an indication of the organizational and legal form of the company along with the actual name, such as adding ‘OOO’ to the name of a limited liability company.
- Your company must have a full corporate name in the Russian language, but may also have an official corporate name in a foreign language.
- Your Russian name may include foreign words transliterated into the Russian alphabet.
- All legal documents related to the incorporation and registration of your business must include the official legal name of your company and will be entered in the Unified State Register of Legal Entities.
- The name may not be similar to the name or trademark of your company’s competitor on the Russian market.
- The name should not confuse Russian citizens or violate the public foundations.
Cultural differences and potential misunderstandings can have a negative effect on the name you choose for you company, and our translators can help you create a name in Russian that will not only meet the legal requirements but be appealing to Russian citizens. Some terms just don’t translate effectively, and we can advise you on what will work for your business.
This Is Just the First Step
If the process of choosing a name for your business in Russia seems complicated, you must be prepared for the entire process of forming a company in Russia. This is not a process to be attempted on your own. Fill out the ‘Get Help Now’ form on this page and let us know where you are in the process and what you need help with. At Jus Privatum, we know how to smooth the way for foreign businessmen and women and we will put that experience to work for you.