Types of Business Entity - Russia

Russia

Further information: Types of business entity in Russia
  • Nekommercheskaya organizatsiya/некоммерческая организация: non-profit organization (there are many types of non-profits in Russia, the type depends on the ownership of the assets (Non-state pension fund/Негосударственный пенсионный фонд, for example))
  • GP/ГП, GUP/ГУП (Gosudarstvennoye unitarnoye predpriyatie/Государственное унитарное предприятие): state (unitary) enterprise
  • IP/ИП (Individualny predprinimatel/Индивидуальный предприниматель): sole proprietorship
  • OOO (Obshchestvo s ogranichennoy otvetstvennostyu/Общество с ограниченной ответственностью): ≈ LLC (UK)/
  • OAO (Otkrytoye aktsionernoye obshchestvo/Открытое акционерное общество): ≈ plc (UK), publicly traded shares (similar to a corporation in the US)
  • kooperativ/кооператив : cooperative (many types, which differ by the type of activity, e.g. agricultural, production, etc.)
  • ZAO/ЗАО (Zakrytoe aktsionernoye obshchestvo/Закрытое акционерное общество): ≈ ltd (UK), privately held shares (similar to a close corporation, or closely held corporation, in the US) (maximum 50 "owners of capital" (not shareholders). If there are more 50 "owners of capital", they have a year to transform into a "OAO")

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