The Russian Federation (Russia) is the world's largest country in terms of territory, with a consumer market of over 140 million people, vast natural resources, a highly educated workforce and technologically advanced research and production capabilities. The majority of investors surveyed believe that Russia's accession to the World Trade Organization (WTO) in July 2012, the formation of the Common Economic Space with Belarus and Kazakhstan, and a likely Eurasian Economic Union by 2015, will have a positive impact on Russia's attractiveness.
Dmitry Medvedev, Prime Minister of the Russian Federation says 'We are going forward in all spheres: in the economy, in the implementation of large projects, in innovations and in humanitarian cooperation.'
However, there are a number of issues which you must consider when you are looking to set up your business in Russia. This document takes you through some of the common questions we come across and gives you practical information about the issues you need to consider.