Within the framework of one service, an entrepreneur

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The Federal Tax Service is implementing the "Start Business Online" project with the participation of the Ministry of Finance of the Russian Federation, the Bank of Russia, Rosfinmonitoring and JSC "Center for Biometric Technologies".

will be able to register a business, obtain an electronic signature without personally visiting the certification center of the Federal Tax Service of Russia and open a bank account.

"With the help of this belize whatsapp number database experiment, the Russian government will be able to evaluate the convenience of the service for individuals, legal entities and individual entrepreneurs (IE), as well as determine an additional set of state and commercial services necessary for starting and developing a business, for their subsequent inclusion in the "Start Business Online" service," the Federal Tax Service reported.

In response to questions from a ComNews journalist about why the Federal Tax Service is conducting the experiment and why it is being conducted for a year, the press service of the Ministry of Finance responded that this experiment will improve the entrepreneurial climate in the country and create conditions for an easy start and comfortable running of a business, which is one of the priority areas of the government's work. "In a year, we can evaluate the results of the experiment and the convenience of the service, as well as analyze the need to amend the legislation," the Ministry of Finance explained.

As of March 1, 2024, three credit institutions are participating in the "Start Business Online" experiment: VTB, Sberbank and Gazprombank. An entrepreneur can choose a bank only from the list of proposed banks participating in the program.

When asked by a ComNews journalist whether "Start Business Online" would be able to increase the number of clients at banks, Elena Savina, an independent financial advisor, replied that this service duplicates existing ones and the emergence of a new one will not increase the number of individuals who want to open an individual enterprise (IE) or a limited liability company (LLC). "In addition, the service checks in which banks the user (individual) already has current accounts and will offer them to simplify the identification procedure. Consequently, this experiment will not increase the number of clients at banks," she explains.

Freedom Finance Global analyst Vladimir Chernov believes that against the backdrop of this experiment, one should not expect a multiple increase in the number of clients of Russian banks. "Perhaps in remote regions of Russia, the number of individual entrepreneurs and bank clients will increase significantly against the backdrop of the possibility of opening a business online, but this should not be expected in densely populated regions," predicts Vladimir Chernov.

According to Denis Bortnikov, Deputy President and Chairman of the Management Board of VTB, supporting entrepreneurs and introducing innovative services is one of the priorities of VTB's strategy. The bank is developing its own solutions and is also actively involved in government initiatives for the digital transformation of small and medium-sized businesses. Clients can open a current account with VTB online. To make this opportunity available to all Russians, the bank has joined the project of the Federal Tax Service and the Russian government. With the new process, an entrepreneur can open an organization remotely and manage the business online from the first day - using the digital services of the Federal Tax Service and VTB. "It is especially difficult for aspiring entrepreneurs to understand the registration processes, so we hope that this service will improve the attitude of Russians to starting their own business and will contribute to the development of small businesses in Russia," says Denis Bortnikov.