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Russia Briefing is a magazine and daily news service about doing business in Russia. We cover topics relating to the Russian economy, the market in Russia, foreign direct investment and Russian law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates

Establishing Business in Russia
One of the main questions when registering in Russia is what legal form to adopt. First of all this depends on the planned organizational structure. The initial question is whether Russian staff will be engaged in only marketing and establishing contacts, with the real negotiations leading to the finalization at headquarters outside of Russia. If so, the presence in Russia will not necessitate
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Economic Development in Russia
Up to about three years ago Moscow was a must when entering the market for business. However, other regions developed very quickly as well. First of all, besides Moscow, St. Petersburg with its 5 million people is making a visible economic upturn. In addition to the fact that President Medvedev and Prime Minister Putin come from the "Northern Capital," St. Petersburg also benefits from its closest location to the sea and its proximity to the Finnish border.
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Financing Startups in Russia
Usually the start-up phase is financed via inter-company financing. There is an essential difference between a subsidiary company and the branch office or representative office. The difference is twofold, related to currency control and to tax and legal matters.
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Russia’s Taxation System
The Russia Federation has a comprehensive tax code, instead of single tax laws. This tax code, in Russian called Nalogovey Kodex, also comprises the rules for tax processing. The tax code is the professional bible for tax experts, accountants and book-keepers. Russian Statutory Accounting is a practice mainly based on tax accounting rules, although about 20 Russian accounting standards (RAS) exist. Therefore, usually the accountants prepare the tax returns.
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