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Foreign Entrepreneurs in the Russian Federation: Barriers and Advantages

In: Eurasian Business Perspectives

Author

Listed:
  • Victor Barhatov

    (Chelyabinsk State University)

  • Antonio Campa

    (Chelyabinsk State University)

  • Dmitri Pletnev

    (Chelyabinsk State University)

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.

Suggested Citation

  • Victor Barhatov & Antonio Campa & Dmitri Pletnev, 2019. "Foreign Entrepreneurs in the Russian Federation: Barriers and Advantages," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Ugur Can (ed.), Eurasian Business Perspectives, pages 83-92, Springer.
    • Handle: RePEc:spr:eurchp:978-3-030-11872-3_6
    DOI: 10.1007/978-3-030-11872-3_6
    as

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