Doing business in Russia

Russian market represents potentially one of the greatest business opportunities in Europe today.

Russia has extensive economic links with many countries. 
Among the most significant trading partners of the Russian Federation are European Union (about 40% of trade volumes), CIS countries (17% of trade volumes) and Eastern European countries (12,6% of trade volumes). Russia imports machinery, food, chemicals and pharmaceuticals and exports mainly oil, gas, timber and other raw materials. Russia has steadily a positive trade balance.

At present, extensive negotiations are under way related to the requirements Russia must comply with to join WTO. Russia works closely with OPEC on issues of oil production. Within CIS there is an organisation of economic collaboration called Eurasian Economic Union, members of which are Russia, Belarus, Kazakhstan, Tajikistan and Kyrgizstan.

At this page let us shortly describe some key points that you need to know while starting business in Russia.

1. Forms of business in Russia
2. Registration of Russian legal entity
3. Representative and Branch office accreditation
4. Accounting principles
5. Main taxes and duties
6. Double taxation
7. Statements to the Tax authorities and terms of submitting
8. Labor legislation
9. Personal legalization of foreign employees in Russia

 Please, do not hesitate to contact us for more details.