Capital: Moscow HDI: 0.0.798 (50th)
Language: Russian GDP (PPP): $ 2.097 trillion
Population: ~143.5 Million Currency: ruble
Russia, the world’s largest nation, borders European and Asian countries as well as the Pacific and Arctic oceans. Its landscape ranges from tundra and forests to subtropical beaches. It’s famous for novelists Tolstoy and Dostoevsky, plus the Bolshoi and Mariinsky ballet companies. St. Petersburg, founded by legendary Russian leader Peter the Great, features the baroque Winter Palace, now housing part of the Hermitage Museum’s art collection.
Russia Economy – overview – Economy
Russia has undergone significant changes since the collapse of the Soviet Union, moving from a globally-isolated, centrally-planned economy towards a more market-based and globally-integrated economy, but stalling as a partially reformed, statist economy with a high concentration of wealth in officials’ hands. Economic reforms in the 1990s privatized most industry, with notable exceptions in the energy and defense-related sectors. The protection of property rights is still weak and the private sector remains subject to heavy state interference.
Russian Federation – Economic forecast summary
The economy is in recession. Falling oil prices, international sanctions and capital flight have reduced investment, domestic consumption and imports.
Industry Trends & Business Climate
investment climate of the Russian federation
Economic analysis and status of the petroleum industry in Russia
State of business climate in Russia
The main objective of the research was studying the views of the business community on basic problems of the business, conditions for the business in order to determine the business climate in Russia, as well as dynamics of its development.
Establishing a Presence
Business Registration Requirements – Establishing a business in Russia
The form of legal presence in Russia influences all aspects of activity including possibility for making deals and tax consequences of the deals, financial and tax accounting and reporting, possibilities under customs, currency control legislation, ability to employ foreign nationals, repatriation of income, application of international treaties and many others. Therefore, particular attention must be paid to Russian business modeling to be made PRIOR setting up legal presence in Russia.
Business Types – Types of Russian Companies – Company Formation Russia
If a foreign investor decides to set up a company in Russia, he must choose a type of structure that is proper for his business and for his interests. According to the Russian Company law, there are several options when it comes to the available types of companies that can be set up in Russia. Each is described on this site
Business Types – Forms of business in Russia
There are several forms in which a foreign company can undertake business activities in the Russian Federation
Business Registration Requirements – Company Formation in Russia
There are several forms for a foreign investor to start business in the Russian Federation. Foreign investor may set up (or register) a Russian legal entity in the form of limited liability company, joint-stock company (which can be private or public) or partnership. The other way is to register a representative or branch office of a foreign company in Russia.
Corporate – Russia Corporate Tax Rate
The Corporate Tax Rate in Russia stands at 20 percent. Corporate Tax Rate in Russia averaged 23.40 percent from 2001 until 2015, reaching an all time high of 43 percent in 2001 and a record low of 20 percent in 2009. Corporate Tax Rate in Russia is reported by the Federal Tax Service of Russia.
Corporate Income Tax in Russia
Corporate income tax in Russia is the largest source of regional revenues. The total tax rate is 24 %
Personal Income Tax Rate
The Personal Income Tax Rate in Russia stands at 13 percent.
Personal Income Tax in Russia
Tax on wages and salaries is withheld by employer, thus the taxpayers whose only taxable income was paid by employer do not need to file tax return – unless they elect to claim refund for itemized deductions.
Russia Sales Tax Rate
The Sales Tax Rate (VAT) in Russia stands at 18 percent.
Russia V.A.T and other Taxes
In most cases, VAT is 18%. There are reduced rates of VAT of 10% that refers mainly to children’s products and food products.
General Visa Information | Embassy of the Russian
Travel to Russia requires an entry visa. The Consular Division of the Embassy issues different categories of visas to Russia based upon the purpose of the trip and the duration of stay in Russia. The required documents are described on this site.
Entry Visa to Russia – Russian Consulate
Information on tourist and business visas from the Russian Consulate in New York
Best Russia Transportation on VirtualTourist
A summary of all forms of public transportation in Russia
Transportation – Traveling to Russia
Here you will find all the information you need to travel in Russia. Train schedules, best routes, useful tips and advices.
Telecommunications in Russia
The telecommunications system in Russia has undergone significant changes since the 1980s, resulting in more than 1,000 companies licensed to offer communication services today. The foundation for liberalization of broadcasting was laid by the decree signed by the President of the USSR in 1990. Telecommunication is mainly regulated through the Federal Law “On Communications” and the Federal Law “On Mass Media”
Telecom/IT – Russia – Key Statistics and Telecommunications Market
The Russian telecom market is the largest in Europe, supported by a population of about 143 million. The market is dominated by the western regions where the main cities and economic centres are concentrated. – See more at: http://www.budde.com.au/Research/Russia-Key-Statistics-and-Telecommunications-Market.html#sthash.wx3XdCBs.dpuf
Social Security Programs Throughout the World
Retirement and disability policy in Russia from the US Social Security Administration
Russia – Social Security
Unemployment and disability information from the US Social Security Administration
Labor Rules and Obligations – Guidance to the Russian Labor Law
This site includes information on the scope of Russian labor law, labor relationships, hiring procedures, employment contracts and other information regarding the employer/employee relationship
Labor Rules and Obligations – Russian Employment Law: Recruitment and Hiring
Russian employment law exists on both a federal and regional basis; there are 83 regions in Russia.
Business Etiquette – Russia – International Business Etiquette and Manners
The dos and don’ts of business etiquette in Russia
Business Etiquette – Russia – Language, Culture, Customs and Etiquette
See “Etiquette and Customs in Russia”
Safety – Russia – US Department of State
Go to “Safety and Security” on this site
Safety – Travel advice and advisories for Russia
There is no nationwide advisory in effect for Russia. However, you should exercise a high degree of caution due to crime.
Climate of the World: Russia
Climate Of course with an area the size of Russia, it is difficult to give any sort of general advice about the climate and weather except that summers are warm to hot, and winters get very cold in some areas. In general, the climate of Russia can be described as highly continental influenced climate with warm to hot dry summers and (very) cold winters with temperatures of -30°C and lower and sometimes heavy snowfall.
Climate – Russia Weather, Climate and Geography
As you’d expect Russia’s climate is hugely dependent on where in the country you find yourself. The most favourable temperatures are found along the Baltic coast
Education – The education system in Russia
If you’re looking to enroll your child in the Russian education system, here is a guide to preschool, primary and secondary education in Russia.
Cost of Living in Russia
Cost of living information includes price indices for rent, food, utilities, transportation, restaurants, clothing and more
Cost of Living in Russia | Expat Arrivals
There is no escaping the fact that the cost of living in Russia is high. Most expats will find themselves in the cities of Moscow or St Petersburg, and can expect essentials like accommodation, food and education to eat into their budget in a big way. Expats outside of the urban centres will find the cost of living to be less.
Holidays in Russia – Wikipedia
On this site is the list of official public holidays recognized by the Government of Russia.
Demographics – Russia Demographics Profile
Demographic information includes population, quality of life, health, sports, technology, energy and the environment
Demographics – Russia’s Demographic “Crisis”: How Real Is It?
Recent demographic trends in Russia have caused widespread public concern. Russia is experiencing unusually high death rates from nonnatural causes, many related to alcoholism.
Education – General education – Education in Russia
General education programmes now comprise eleven years of studies, while before 1985, they lasted ten years.
Holidays and observances in Russia
National holidays and observances
Import and export regulations for Russian customs
President Obama’s Signature Paves Way
US trade agreement with Russia
Housing and Rentals
Russia Hotels, Hostels & Accommodation
Russia offers everything from cosy homestays to luxury hotels.
Accommodation in Russia | Expat Arrivals
Expats will find that house-hunting demands as much patience as it does negotiation and, above all else, it requires a good real estate agent.
Russia – Lonely Planet
The world’s largest country offers it all, from historic cities and idyllic countryside to artistic riches, epic train rides and vodka-fuelled nightlife.
Russia Travel Guide | Fodor’s Travel
Expert picks for your Russia vacation, including hotels, restaurants, entertainment , shopping, top attractions, and more.
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