Business in Russia
If you read this article, you almost certainly know about business in Russia firsthand. But how do foreigners look at business in Russia? And what information can one provide them with about business in Russia?
There is a tendency nowadays that more and more children and teenagers in Russia want to become government or municipal employees, because now it virtually guarantees a stable future. But the number of adults who want their children to do business, has increased significantly compared to previous years.
This suggests that the attitude towards business in Russia has changed a lot. People began to understand that there are more opportunities to realize themselves in this area. People are also attracted by the prospect of financial
Many young professionals who have completed their education (possibly business education) in Russia leave the country to start their own business. It is worth noting that our compatriots are marked by resoluteness, flexibility of thinking and an abundance of business ideas.
Today, due to sanctions,
There is an electronic document management in Russia, but in practice it is not yet developed as much as in Europe. An interesting fact is that there are more accountants in Russia than in the whole European space. Doing business in Russia is difficult. By the simplicity of doing business, our country ranks 120th (out of 183).
Small-scale Business in Russia
The situation with a
The service industries are the most developed area for
2. SME in Russia. What to Do?
As mentioned above, the service industry is the most popular in our country. Both individuals and organizations of any level can be consumers here. Consider the most popular areas in the service industries.
- Catering. Restaurants, bars, pizzerias, cafes, snack bars, canteens and cooking shops — all these places are very popular. They vary in size, style and prices, but each of them will find its client.
- Housing and communal services. This is a very
multi-facetedindustry. This may include services for repair, maintenance and keeping of premises.
- Financial services. Today it is difficult for us to imagine our life without them. These are bank card servicing, money transfers, account replenishment, payment of pensions and salaries, etc.
- Information services. This includes both consulting services and various courses, schools, etc.
- Rental services
- Travel services
- Hotel services
- Transport services
- Entertainment services
Of course, as in any country,
IT-technologiesare very promising for us. The number of people involved in this sphere is growing steadily. The advantages of such a business are remoteness and the opportunity to start it with a minimal seed capital.
3. The Features of Russian Business
A characteristic distinction of Russian business from almost any other is that, creating a business in Russia, the businessman is forced to fight not so much with competitors as with the state. Although, today there are various moratoriums on SME checks.
Theoretically, in Russia the laws are such that it is quite easy to create and develop business according to them. But in practice, the interpretation of these laws by different entities (for example, regulatory authorities) may be different. Today there are about 30 thousand different regulations, relating to business one way or another. Naturally, it is impossible to execute all of them, so there is even the
The top governance of our country often talks about simplifying the conditions for running an SME. However, very few steps have been taken in this direction nowadays. The country has a heavy tax burden and a complex law system. This makes it difficult and