Doing business in Russia
Development of trade, economic and investment cooperation between Russia and India remains one of the key priorities in further promoting special and privileged strategic partnership between our two countries as well as increasing the bilateral trade up to 30 billion US dollars by 2025.
Doing business in Russia is a valuable contribution to this goal.
According to the World Bank Group’s Doing Business-2019 rating, Russia ranks in 31st place, having climbed up 89 positions from 120th place in seven years’ time. This is the best 2012-2019 performance among all surveyed countries. Russia managed to enter the Top 100 on all 10 topics of Doing Business-2019 rating. This illustrates that Russia is strongly committed to enhancing the business environment.Russia has a stable legislation aimed at protection of ownership and capital, investors and investments. The recent legislative and regulatory efforts are meant to improve stability and predictability, making the investment climate milder and the business environment more attractive for all players.
Tax governance is becoming increasingly consistent with international approaches, integrating the country’s fiscal system into the global tax framework. Favourable tax regime for new investments has been set up in Special Economic Zones and Priority Development Territories.
A broad and varied framework of over than 900 support measures has been set up in Russia in response to the needs of investors. Support can be provided by the Government or Development Institutions at national level and/or local level for all types of industries and projects, from manufacturing, services and R&D to innovation and training (credit: https://investinrussia.com/).
For this purpose there is a Trade Representation of the Russian Federation in the Republic of India, whose main mission is to assist in developing trade and economic relationship between Russia and India and give the maximum support to extension of bilateral investments and activation of cooperation links between the companies of two countries.
You can contact them via:
Useful links on Doing business in Russia:
1. INVESTMENT OPPORTUNITIES IN RUSSIA:
2. MAJOR ECONOMIC AND TRADE FORUMS IN RUSSIA:
3. PARTNERS IN RUSSIA:
Roscongress Foundation (the largest operator of conferences and exhibitions in Russia)