Now it will take much less time to register a new limited - TopicsExpress

Now it will take much less time to register a new limited liability company. A procedure of payment of the authorized capital of the limited liability company (LLC) has been changed. A requirement on prepayment of no less than a half of the authorized capital has been cancelled. It will enable entrepreneurs not to open a sundry (savings) account and to shorten time for LLC registration. However a term of full payment of the authorized capital has been reduced from 1 year to 4 months from the moment of the state registration of the company in order to avoid abusive practice of entrepreneurs. The Federal Law comes into effect from the day of its official publication.

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