Russia: the bear essentials (TT Oct03 p45-47)

Today we can talk about the Russian Federation as a state that welcomes foreign investment and activity. For the past 12 years, the Russian government has done a lot of work in the field of legislation. However, the regulatory environment might still be considered to lag somewhat behind the highest standards found globally.

So what is it like running a business in Russia nowadays? This article contains a brief overview of the Russian business environment and looks at some of the latest changes in legislation. While it is, of course,
not possible to discuss all the issues in great detail here, I shall try to summarise clearly some of the key aspects to be considered when structuring business operations in Russia.