answersLogoWhite

0


Best Answer

If your business is legal and you are "not sitting on the pulp" (not involved in the oil-gaz business) then your activity as a foreign entrepreneur can be very rewarding and safe in Russia.

Still business in Russia has some specific characters you better know before starting it here.

The first thing you will face will be Russian Bureaucracy. The key for that either your patience in learning instantly changing Russian rules or just hire the relevant company to outsource some functions, or at least get precise instructions what to do next.

Second thing - everything you plan to do in one week will take you around 2 weeks in Russia. The result of pure infrastructure, which needs complex renovation.

The common rule for all legal businesses to pay taxes and submit financial reports to the Tax Office in time should be followed not to have one day your bank account blocked.

If you pay for any goods to any company you should better already have your purchase in your office. Still just try to find a reliable local partner for your business.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is doing business in Russia safe?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is your opinion about making business in Russia?

Russia is not the best place to stay and live, but it is very beneficial place to do business. More than half of the German companies estimate the business climate in Russia positively. Russia as a market gains the growing importance in the global comparison sites for doing business. According to a survey about business climate, Russia is already the most important market for almost one of five firms and more than 30% of companies Russia is the second or third most important market, and for another third of companies the Russia is globally in the top 10. More information you find:http://www.iconsu.com/en/doing-business-in-russia/economy/83-economy-in-russia.html


Is it safe to travel to russia from UK?

Quite safe


Is smirnoff safe?

in suviet russia smirnoff safe you!


Is a healthy and safe environment an incentive for employee retention?

No, a healthy and safe workplace is a basic requirement of doing business and employing other people. The an unhealthy or unsafe work environment is a disincentive for retention.


Is Russia a safe country for Indians?

yes


What is the proper attire for doing business in Jamaica?

What is the proper business attire when doing business in Jamaica?


What is the main business in Russia?

According to the law , you can carry on any business in Russia. It all depends on your skills, money and of course your wishes.


What did the Russia people do in Russia?

For doing business in Russia, you must register a legal entity (that is, the company) or register as an individual entrepreneur (a natural person). Then people need to collect and submit the necessary documents to the registration authority. The deadline for registration is 5-7 working days. Prior to filing the documents to the registration authority you need to select the tax regime. You can register a company in Russia without leaving your country. But in order to do , it is necessary to appoint a Director of your future company, the data of whom is specified in the application for registration . You may witness your signature on application at the nearest Russian Consulate. Read more about business in Russia:http://www.iconsu.com/en/doing-business-in-russia.html


Explain the capitalistic method of doing business?

Capitalistic method f doing business is having a business through private means - example, doing business on your own property, with your own resources.


Is it safe for a Caribbean student to study in Russia?

I would say people are unfortunately quite racist in Russia.


What type of business can you find in Russia?

In Russia you can deal with almost any kind of business. But some type of business needs the licenses and not all activities are available to foreigners. It depends on the intergovernmental agreements.


Are there different considerations for choosing an organizational form for doing business on the net than there are for doing business elsewhere?

no not if you doing yourself