Key Benefits

Key Benefits

Russia

Source image: the kremlin at sunset by greg westfall / CC BY-SA 3.0

Russia, officially known as the Russian Federation, is the largest country in the world and is located in Eastern Europe extending all the way to Northern Asia. In addition to being the largest country in the world Russia spans 9 time zones and is the 9th most populous country in the world with an approximate population of 142 million. The capital city is Moscow and the official language is Russian.

Russia is a vast and diverse country. Since the collapse of communism Russia has emerged as a political and economic powerhouse moving from a globally-isolated centrally-planned economy to a market-based, globally-integrated one. The country has vast reserves of oil, natural gas, coal and precious metals. In 2009 Russia was the world’s largest exporter of natural gas, the second largest exporter of oil and the third largest exporter of steel and aluminum. These vast natural reserves and an increase in agricultural exports have contributed to ensuring Russia currently has the twelfth largest economy in the world.

Russia is a member of the UN Security Council, G8 and G20, the Council of Europe and the Organization for Security and Cooperation in Europe and is the leading member of the Commonwealth of Independent States.

Key benefits of company registration in Russia.

Russia has many resources and huge potential which in recent years has led to a significant increase in foreign investment. This has led to local authorities in many of the regions attempting to stimulate the investment environment and form a culture of investment.

There have been several initiatives in order to enhance the investment environment, some of which are outlined below:

  • The Development of Regional Investment Legislation – The Republics of Tatarstan and Komi are particularly active along with the Yaroslavskaya Oblast Region.
  • Development of Benefits by Local Authorities - Investment is being supported by local authorities through the provision of benefits
  • Creating an Advantageous Investment Environment – Increasing the transparency and attractiveness for investment opportunities.
  • Actively Increasing Foreign Investment Opportunities – There are certain regions within Russia that are leaders in attracting foreign investment and providing the right climate for foreign investors. The main regions which provide this are Nizhny Novgorod and Nizhny Novgorod Oblast, Orenburg Oblast and the Komi Republic. The regions of Central Chernozem and the Volga are also active in this respect as government support has increased leading to these regions becoming more attractive for foreign capital and investment.
  • Formation of Investment Infrastructure – Five regions have established mortgage funds which have increased the regions attractiveness to foreign investors. Mortgage funds are an opportunity to provide state guarantees on the part of the Federation. An example of this is the Reinsurance Company which operates in the Komi Republic. In addition to initiatives such as the mortgage fund other projects are being created such as the development of business centers and the improvement and upgrading of communication systems. There has also been additional emphasis on the improvement of economical justification for investment projects. To strengthen these ongoing programs, it is important to engage banks in this activity and in order to do this the implementation of regional passports has been proposed. These will contain the information necessary for potential investors as Russia’s regions differ strongly regarding investment potential and also risk investment.

The greatest investment potential is located in Moscow and St. Petersburg and in the donor regions due to the vast potential resources and raw materials available.

Take the next step, we are here to help.

Register a Russia company.
Open a Russia bank account.

  Resources:

Creating Physical Presence & Capital Requirements for Cyprus Shell Company Crackdown

Creating Physical Presence & Capital Requirements for Cyprus Shell Company Crackdown

Recently, the Cyprus Central Bank issued guidance to banks & credit institutions, advising them of the new mandatory refusal to take on new clients or to continue servicing existing accounts with so-called shell or letter-box companies.

How the UK is Combating Offshore Culture & How it Could be Doing More

How the UK is Combating Offshore Culture & How it Could be Doing More

Typical tax haven destinations such as BVI, Jersey and Switzerland have always been in the spotlight from profiting off of helping clients circumvent legislation in their jurisdiction of residence for decades.

Nevis: The Offshore Tax Haven Nation of the World

Nevis: The Offshore Tax Haven Nation of the World

In the world of offshore, Nevis specialises in letting its clients create corporations with greater anonymity than almost anywhere else on earth. Since 2012, the island’s financial services sector has grown exponentially, as those wishing to retain anonymity relocated to a place that promises just that. However, with ever-expanding counter legislation cropping up globally, how can Nevis continue to host such controversial services?

Expert Opinion on Cyprus’ New Borrower Incentives to Reduce the Islands NPLs

Expert Opinion on Cyprus’ New Borrower Incentives to Reduce the Islands NPLs

The Cyprus Ministry of Finance has released a statement regarding the IMF (the International Monetary Fund) & the European Commission is recommending Bills regarding the islands longstanding issue with Non-Performing Loans.

Keeping Europe Up-to-date with the Latest Legal & Financial Technology

Keeping Europe Up-to-date with the Latest Legal & Financial Technology

The financial world is undergoing a technological revolution, with approximately 3 trillion financial deals entered into using digital ledger technology (DLT) and smart contracts within the next five years.

FATCA: Foreign Financial Institutions & NFFE’s

FATCA: Foreign Financial Institutions & NFFE’s

The Foreign Account Tax Compliance Act (FATCA), which was passed as part of the HIRE Act, was implemented to able foreign financial Institutions and certain other non-financial foreign entities to report on the foreign assets held by their US-based account holders or be subject to withholding tax on the relevant payments.

ICOs: A Smart Business Decision or Just a Risky Investment?

ICOs: A Smart Business Decision or Just a Risky Investment?

There are many financial experts voicing their concerns over ICOs being too much of a risky investment, however should we be so quick to dismiss ICOs as a legitimate vehicle? ICOs can be used as a substitute for Venture Capital funding due to parallels in the phase of company’s lifespan and risk profiles, which give potential opportunities for future start-ups and companies.

How Initial Coin Offerings Differ from Initial Public Offerings

How Initial Coin Offerings Differ from Initial Public Offerings

Since the hectic and intense ecosphere of the cryptocurrency ventures conception, a new sphere has caught investors’ attention from all over the world, being coined ICOs or Initial Coin Offerings.