Business in Russia
Did you know that Russia is, in fact, a great place for doing business? There are several reasons for it.
Firstly, starting a business in Russia is simple. A company can be registered within just a few business days. There are no extensive regulations and license requirements.
Secondly, starting a business in Russia is cheap. You don't need to have big capital. Rental and utility fees are rather low. Russia has many qualified professionals with lower salary expectations compared to their Western colleagues.
Thirdly, running a business in Russia is easy. The competition in Russia is not as strong as in the U.S. or the EU. Entering the market became even easier after some brands left Russia because of geopolitical tensions. There are numerous business opportunities especially in IT & high-tech sectors, education, finance & investments, farming, retail and hospitality industry.
Finally, running a business in Russia is profitable. In addition to low expenses, small businesses enjoy simplified taxation with the tax rate as low as just 6%. Vast domestic market and easy access to CIS, East Asian, South Asian and Middle Eastern markets guarantee you will always have enough clients.