VISTA Foreign Business Support
 
 



Start your business in Russia!


Start up packages Start up packages
Legal and tax overview Legal and tax overview
Start up tool kit Start up tool kit
FAQ FAQ
Economic Overview Economic Overview




Home Start Up Economic Overview

10 Reasons to start your business in Russia

  1. The Russian economy has been enjoying a period of sustained growth since the 1998 crisis. GDP in 2011 grew by an estimated 4.2%. The forecast for 2012 is of more than 4.8% growth.

  2. The overall balance of trade continues to register healthy surpluses, as does the federal budget. In 2010, Russia's total exports were $396.4 billion and imports were $229 billion.

  3. The country's financial situation continues to improve, with a decline in sovereign debt levels and an increase in its sovereign credit ratings to investment grade achieved by all three major agencies S&P - BBB, Moody's - Baa1, Fitch — BBB.

  4. The refunding rate set by The Central bank is decreasing steadily (8,25% currently).

  5. Russia's gold and foreign currency reserves are increasing steadily and reached $510, 2 billion as of December 1st , 2011.

  6. According to economic forecasts, the middle class will constitute 60-70% of the population by 2020.

  7. Annual growth of consumption rate is 1-2%

  8. It is highly likely that Russia will join the WTO in 2012.

  9. A favorable tax regime. General tax rates: Corporate income tax - 20%- Unified social tax - 26-2% (regressive scale) - Personal income tax - 13%- VAT - 18%

  10. Leading European companies, especially those from Germany, Scandinavia and Turkey, are well established in both consumer and industrial markets. Many well-known U.S. consumer brands are also successful and many Asian companies from Japan, South Korea and China are also performing well here.


  VFBS Inside  |  News  |  Areas of Practice  |  Clients Area  |  Startup  |  Business administration  |  Recruitment

  Copyright VFBS J.S.C. © 1998-2005
All right reserved. Terms of conditions.

Developed & provided by
AMS Visual Consulting, JSC
Contact information:

VISTA Foreign Business Support
Trubnaya str. 25/1, Moscow,
127051, Russian Federation
  Tel +7 495 933 78 22
Fax +7 495 933 78 23
Home Search FeedBack Map