A Russian LLC, also referred to as an 'OOO,' is a business structure that can be conveniently incorporated in Russia. A minimum of 50 persons may participate as shareholders in this type of company. An LLC must have a minimum share capital of 10,000 Russian Roubles. Surprisingly, only one shareholder and one director are needed to create an LLC. However, the director must reside in Russia. Furthermore, while a company can also be a shareholder in an LLC, it is mandatory to appoint a natural person as a shareholder as well.