Сomment by SDM-Bank CEO M.M. Solntsev for the newspaper Rossiyskaya Gazeta18 June 2019
The daily state newspaper Rossiyskaya Gazeta analyzed one of the most discussed issues of June in the business community. According to Rosstat for 2018, the number of liquidated companies in the country was twice as large as the number of the established ones. The trend is typical for different regions of the Russian Federation.
However, if you look at the statistics more precisely and refer to the data provided by the Federal Tax Service (FTS), which actually registers all changes in the composition of legal entities in the Unified Stater Registry of Legal Entities, it turns out that the lion’s share of "dead" companies was terminated by the tax authorities themselves.
Maxim Solntsev, Chairman of the Board of Directors of SDM-Bank, explained the reasons for such statistical data. “The first reason is a reduction in the share of shell company. So, according to the Federal Tax Service data, in 2018 the share of one-day firms decreased to a historic minimum of 7 percent. In total, about only 310 thousand of such companies remained in the Russian market, against the 1.8 million ones registered in 2011. The second reason is a change in business patterns. Previously, it had been normal to run several legal entities comprising one enterprise. Now the situation is changing, this practice is being used less and less; moreover, tax authorities motivate businesses to reject it. The third reason is business enlargement, especially typical for retail and trade sectors. Networks unite, the number of legal entities decreases as a regular result of mergers and acquisitions. ”