The financial sector in Russia has all the attributes to align with competitors worldwide, as it is stable, and reliable. Even if in recent years there have been significant organizational changes, Russia offers diverse openings for investors who want to enlarge their activities through financial companies in the country. With respect regarding the provisions of the Banking…
The franchising system in Russia became popular in the recent years, especially after the worldwide economic crisis that changed in a certain amount the business strategy in the country. A foreign investor can open a franchise in Russia in the most competitive sectors like the food industry, healthcare, software development, consultancy, or financial services. A person…
As part of the overall economic growth, the IT industry in Russia is attractive and reliable, as there have been numerous investments made in this significant field. Businessmen can open IT companies in Russia and can offer varied internet and communication services for companies in the country. In regards to the legislation and the…
With a stable economy which continues to meet new levels with the help of the main industries, Russia is open to investments and sustains the potential growth of the e-commerce industry in the country, as statistics revealed the fact that the Russians prefer the online purchase of varied products. There are numerous firms which generate profits…
There are no specific rules for setting up a trust in Russia, although several attempts to change succession rules and introduce more flexible succession tools have been made by the local government. Our experts in company formation in Russia can give you extensive details about the rules and regulations concerning the procedure of…
Increasing foreign investments, a growth in domestic trips and high occupancy rates have rendered the hotel industry in Russia a very attractive one. If you want to open a hotel in Russia, you should know that one of the most promising directions for the hotel industry is hotel chain development. The Russian…
A merchant account in Russia is a type of bank account that is used by businesses that perform debit and credit transactions. Investors who want to open a company in Russia will require a merchant account, especially if they carry out their business operations through a website. When setting up a merchant account in Russia, the investors may choose from…
The insurance sector in Russia is growing and numerous positive changes have been implemented by the local authorities. The Law on Insurance was modified in 2013 and it is important to mention that in 2012 the country became a member state of the World Trade Organization (WTO). As a consequence of the WTO membership, the jurisdiction…
In order to open a company in Russia in the agricultural sector, it is necessary to obtain specific business permits and licenses for the activitites of the respective business. Agricultural activities can refer to a wide range of products, such as vegetables, fruits, farming or fisheries. Each specific activity must be performed in accordance with the applicable legislation and our team…
Foreign investors can register a general partnership in Russia. Such structure can be incorporated under three types of business forms, each one of them offering different advantages and obligations to its investors. Businessmen who want to open a company in Russia as a general partnership should know that the local legislation allows both natural persons and legal entities…
