Initiating business operations online made more convenient with My Signature mobile application
The "Start Business Online" service in Russia is revolutionising the way entrepreneurs register their businesses and open bank accounts. This digital platform, operational for a year now, utilises the "My Signature" mobile app to allow for complete remote registration and bank account opening.
The "My Signature" app, available for download on mobile phones, offers a secure digital signature that is legally recognised. This means entrepreneurs can submit electronic applications for business registration and bank account opening without the need for physical documents or visits.
The digital process provided by "Start Business Online" includes electronic submission of registration documents via the mobile app, integration with state registries and banks for automatic verification and processing of applications, and the ability to open a business bank account online simultaneously during the registration process. This streamlined approach eliminates paperwork and the need to visit multiple offices, significantly reducing administrative burden and saving time.
The "My Signature" app plays a crucial role in this process. It is used for signing the application for opening a bank account, issuing a business signature, and obtaining a certificate of enhanced qualified electronic signature from the FNS certification center. The app stores the secret key, allowing for document signing without the need for specialized computer program setup.
To ensure security, biometric identification is required to use the "My Signature" app. The app has a confirmed account record in the EBS and can be downloaded from RuStore, Google Play, and App Store.
This system aligns with Russia’s broader digital transformation goals to simplify administrative processes and promote entrepreneurship through electronic government services and mobile applications. Similar digital signature-based approaches have been supported in the online payment and business solution ecosystem, such as YooMoney, which integrates with state tax services and banks for seamless online transactions and compliance.
The "My Signature" app is part of the "Start Business Online" service and is available for both legal entities and individual entrepreneurs. This innovative service is making it easier than ever for entrepreneurs in Russia to launch their businesses and manage their finances digitally.
The "My Signature" app, an integral part of the "Start Business Online" service, is utilized by entrepreneurs for remotely opening bank accounts and securing digital signatures. This electronic application process, coupled with biometric identification, eliminates the need for physical documents and office visits, streamlining the business registration process and simplifying financial management.
The "My Signature" app is also integrated with platforms like YooMoney, facilitating online transactions and compliance with state tax services and banks, furtherreflecting Russia's commitment to digital transformation and entrepreneurship through mobile applications and electronic government services.
