Foreign Entrepreneurs in the Russian Federation: Barriers and Advantages

Victor Barhatov (), Antonio Campa () and Dmitri Pletnev ()
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Victor Barhatov: Chelyabinsk State University
Antonio Campa: Chelyabinsk State University
Dmitri Pletnev: Chelyabinsk State University

A chapter in Eurasian Business Perspectives, 2019, pp 83-92 from Springer

Abstract: Abstract Since 2000, the Russian Federation has started a gradual process of market opening that actually is not completed; anyway, this process has facilitated procedure of creation of a small and medium business made by foreigners in Russia. Main factors that influence positively volume of foreign investments in Russia are the taxation level that actually is 15% and the amount of time necessary to open a society (5 working days); furthermore, Russian market guarantees a highly skilled and educated workforce. Unfortunately, in the Russian Federation, there are no incentives or concessions for the opening of a new small-medium business, and it can represent a problem for a foreign investor who wants to open a new company. This study attempts to address main positive and negative factors of the Russian market that can influence a foreign investor who is interested to start a new activity in the Russian Federation. It examines law system that regulates economic sector in Russia, but it also uses direct experiences of foreigners who have already opened a small-medium business or an individual enterprise in Russia. Moreover, the article studies possible variants to make Russian market more open and favourable to foreign investors.

Keywords: Small-medium business; Russia; Foreign investments; Regulation of market (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-030-11872-3_6

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DOI: 10.1007/978-3-030-11872-3_6

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