Everything Vietnamese entrepreneurs need to succeed in Russia’s booming post-crisis market
With the Russian economy opening wider to investment from “friendly nations,” 2025 is the ideal time for Vietnamese businesses to enter the Russian market. From simplified company registration to tax breaks and growing demand for Asian goods, opportunities abound.
Bukreev Consulting, a top legal and business advisory firm based in Russia, specializes in helping Vietnamese entrepreneurs set up, register, and expand their companies in Russia—100% legally and efficiently.
This guide explains how to legally establish a Vietnamese company in Russia in 2025, covering all necessary steps, legal requirements, and strategic benefits.
Why Vietnam–Russia Business Relations Are Booming in 2025
Vietnam and Russia have enjoyed strong diplomatic and trade ties for decades. In 2025, this relationship is reaching a new level, thanks to:
- The Vietnam–EAEU Free Trade Agreement, reducing tariffs and customs barriers
- Russia’s post-crisis pivot towards Asian investment and trade
- Tax and visa incentives for companies from Southeast Asia
- High demand for Vietnamese products (FMCG, food, textiles, IT services, etc.)
- Simplified regulatory pathways for businesses from “friendly” nations like Vietnam
💡 Did you know? Over 1,000 Vietnamese companies currently operate in Russia’s key sectors like food imports, logistics, and retail—many supported by Bukreev Consulting.
Benefits of Setting Up a Vietnamese Company in Russia
Vietnamese SMEs and startups can gain a competitive edge by establishing a local legal presence in Russia.
Key advantages:
- Access to the Russian market of 145+ million consumers
- Import/export tax benefits under the Vietnam–EAEU agreement
- Special Economic Zones (SEZs) with corporate tax rates as low as 0–2%
- Government procurement eligibility for local companies
- Ability to open Russian bank accounts and access ruble-based payments
- Reputation boost with Russian partners, clients, and officials
What Types of Companies Can Vietnamese Entrepreneurs Open in Russia?
There are several options, depending on your goals:
✅ Most Vietnamese businesses choose to form an LLC (OOO)—simple, flexible, and 100% foreign ownership is allowed.
Step-by-Step Guide to Registering a Vietnamese Company in Russia in 2025
Setting up a company in Russia is easier than ever—especially with expert local guidance. Here’s how it works:
Step 1: Book a Free Consultation
Start by contacting Bukreev Consulting via businessinrussia.online or Zalo +79853590384. We’ll help you choose the best business model and structure.
Step 2: Choose Your Legal Entity Type
LLC is the most recommended form, offering limited liability and full control for Vietnamese owners.
Step 3: Prepare Required Documents
Bukreev Consulting helps with:
- Company charter in Russian
- Notarized passport copies of founders
- Power of attorney (if registering remotely)
- Vietnamese corporate documents (translated & apostilled)
- Proposed company name and address in Russia
💼 Tip: You don’t need to be physically in Russia—Bukreev Consulting can complete everything remotely.
Step 4: Register With Russian Authorities
We submit your application to the Federal Tax Service (FTS). Registration typically takes 7–10 working days.
Upon approval, you receive:
- Company registration number (OGRN)
- Taxpayer identification number (INN)
- Statutory documents
- Official seal and founding protocols
Step 5: Open a Russian Bank Account
We help you open a business bank account in rubles and foreign currency with major Russian banks (e.g., Sberbank, VTB). This enables:
- Local payments
- Export/import settlements
- Employee salary transfers
Step 6: Register With Tax and Pension Authorities
Ensure compliance with VAT, corporate tax, and social contribution rules. Vietnamese IT firms may apply for:
- 7.6% social contribution (vs 30% standard)
- 5% profit tax for software developers registered in Russia
Step 7: Apply for Licenses (if needed)
Some activities require a license (e.g., alcohol, import/export, pharmaceuticals). Bukreev Consulting can:
- Review your product category
- Apply for licenses with Russian regulators
- Assist with customs clearance and EGAIS/FSS/labeling systems
What Business Sectors Are Most Promising for Vietnamese Companies?
In 2025, several sectors are actively promoted by the Russian government and present strong opportunities for Vietnamese SMEs:
1. Food & Beverage (F&B)
- Vietnamese coffee, seafood, instant noodles, sauces
- Franchising opportunities for Vietnamese restaurants and cafés
- Local production with Russian-sourced ingredients is encouraged
2. Logistics & Warehousing
- Establish warehouses or hubs for ASEAN product distribution
- Take advantage of SEZ tax benefits and simplified import rules
3. E-commerce & Retail
- Sell Vietnamese goods via Wildberries, Ozon, Yandex Market
- Partner with Russian logistics firms for fulfillment
4. IT Services & Digital Marketing
- Qualified for 0% profit tax and low social contributions
- High demand for affordable, skilled Vietnamese developers and designers
5. Furniture, Handicrafts, and Home Goods
- Popular in Russia for quality and price
- Huge demand in regional cities beyond Moscow and St. Petersburg
Legal & Tax Compliance Tips for 2025
To maintain good standing:
- File annual tax returns and financial statements
- Renew licenses on time
- Register any changes in company ownership or address
- Ensure employees have valid work permits and contracts
✅ Bukreev Consulting offers outsourced accounting, payroll, and HR support in Vietnamese and Russian.
How Bukreev Consulting Helps You Succeed in Russia
With 10+ years of experience supporting Vietnamese businesses in Russia, we offer:
- Company formation & registration
- Customs, licensing, and compliance
- SEZ & IT tax benefits application
- Banking, accounting, and payroll
- Vietnamese–Russian translation & legal documentation
- Business matchmaking and partner search
Ready to Launch Your Vietnamese Company in Russia?
2025 offers the best regulatory and economic environment in decades for Vietnamese businesses. Whether you're an exporter, manufacturer, or tech startup, Russia is open for business—and Bukreev Consulting is here to support your journey.
📞 Book your free consultation today:
📱 Zalo / Telegram: +79853590384
Let us help you go from idea to incorporation—and grow your business in Russia.
