Yet the ongoing modernization of the Russian civil and procedural legislation means that the choice of Russian law in a transaction might turn out to be a more convenient and effective option than foreign law, particularly in certain circumstances, such as structuring shareholders’ agreements in relation to the establishment of a joint venture in Russia.
Formation of Limited Liability Company in Russia:
Package includes the following set of corporate documents:
– Nominee Directors:
The appointment of nominee directors has to do with people who will be managing the company, considering any kind of business.
– Nominee Shareholders:
Nominee Shareholders will be holding the Company’s shared documents for the avail of the clients.
-General Power of Attorney:
It is issued by the administrator for the benefit of the clients and it is valid for 12 months.
A General Power of Attorney grants the client with broad powers, represents and acts for the Company before third parties, institutions and authorities.
-Special Power of Attorney:
It is emerged by the director for the benefit of the clients, which is valid for 12 months.
A Special Power of Attorney, also known as Limited Power of Attorney, grants the client with particular authority to represent and act the Company for particular matter. For instance, it is useful for the opening of a bank account.