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. 

The economy is in recession. Falling oil prices, international sanctions and capital flight have reduced investment, domestic consumption and imports. 

Economic analysis and status of the petroleum industry 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. 

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.

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

There are several forms in which a foreign company can undertake business activities in the Russian Federation

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. 

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 is the largest source of regional revenues. The total tax rate is 24 %

The Personal Income Tax Rate in Russia stands at 13 percent.

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. 

The Sales Tax Rate (VAT) in Russia stands at 18 percent.

In most cases, VAT is 18%. There are reduced rates of VAT of 10% that refers mainly to children’s products and food products.

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.

Information on tourist and business visas from the Russian Consulate in New York

A summary of all forms of public transportation in Russia

Here you will find all the information you need to travel in Russia. Train schedules, best routes, useful tips and advices.

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”

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

Retirement and disability policy in Russia from the US Social Security Administration

Unemployment and disability information from the US Social Security Administration

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

Russian employment law exists on both a federal and regional basis; there are 83 regions in Russia. 

The dos and don’ts of business etiquette in Russia

See “Etiquette and Customs in Russia”

Go to “Safety and Security” on this site

There is no nationwide advisory in effect for Russia. However, you should exercise a high degree of caution due to crime.

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. 

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

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 information includes price indices for rent, food, utilities, transportation, restaurants, clothing and more

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.

On this site is the list of official public holidays recognized by the Government of Russia.

Demographic information includes population, quality of life, health, sports, technology, energy and the environment

Recent demographic trends in Russia have caused widespread public concern. Russia is experiencing unusually high death rates from nonnatural causes, many related to alcoholism. 

General education programmes now comprise eleven years of studies, while before 1985, they lasted ten years.

National holidays and observances

Import and export regulations for Russian customs

US trade agreement with Russia

Russia offers everything from cosy homestays to luxury hotels.

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.

The world’s largest country offers it all, from historic cities and idyllic countryside to artistic riches, epic train rides and vodka-fuelled nightlife.

Expert picks for your Russia vacation, including hotels, restaurants, entertainment , shopping, top attractions, and more.