(Source: http://money.cnn.com/2014/07/31/news)

How much does the settlement account in Russia cost?

Sberbank is the largest company on the territory of the Russian Federation. Therefore, to show an example of the price policy with it will be a good solution. Opening of a settlement account in Moscow costs 2400 rubles. If you took a loan in the same bank, then opening a settlement account costs 700 rubles. Monthly payments for maintaining the account costs 2000 rubles. Or it may cost 700 rubles, if you only work with payment orders using online bank.

Criteria for Choosing a Bank to Open a Settlement Account in Russia

If you plan to work in the region, you can consider on reducing the tariff bar by a half or twice.

How much does it cost to open a settlement account in different banks?

In VTB it will cost 2500 rubles, in Gazprom – 2500 rubles, in Alfa-Bank - from 800 rubles, in Promsvyazbank - from 500 rubles, Unikreditbank - from 1200 rubles. But there are also free options: Bank of Moscow, Raiffeisenbank and BinBank. However, be careful and attentive with the domestic tariffs.

Why does a Sole Proprietor in Russia Need a Settlement Account? 

Legal Services in Russia

Our attorneys offer various legal services for international clients interested in opening or developing business in Russia.
We have a profound experience in legal advice and interaction with government agencies.
Our attorneys in Russia offer the following services:
- Written legal advice on Russian legislation – from $80
(when buying a subscription for 2 or more consultations per month - $70)
- Legal support for subsidiaries / branches and representative offices
- Registration services (registration, modification, liquidation of subsidiaries / branches and representative offices)
- Accounting services for subsidiaries / branches and representative offices

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