Looking at the new dynamics of an increasingly eastern facing Russia is relatively simple, with the establishment of the Representative Office (RO) in the country a proven method for assessing the local market and its new dynamics. A RO also avoid any possible entrepreneurial risks, as they are cost centers only and not incorporations.
Op/Ed by Chris Devonshire-Ellis Small signs of reintegration as North Korean Belt & Road participation remains a regional goal North Korea may only be a small player in terms of its global trade, and this also hold true with Russia. However the two countries share a common border, and Moscow, along with Beijing have largely[…..]
Op/Ed by Chris Devonshire-Ellis Trade and Logistics Opportunities Await Entrepreneurs & Businesses All Along The Trans-Siberian Routes – If You Know Where To Look Russia has announced the opening of the so-called “Trans-Siberian Land Bridge” with a successful first test run of cargo from Yokohama to Europe. Essentially the route covers a dual maritime-rail link[…..]
Which cities will benefit from being along the shortest route between China and Europe? Op/Ed by Chris Devonshire-Ellis Russian Prime Minister Dmitri Medvedev has given the go-ahead to build a new toll motorway stretching just over 2000 km through some of the more remote areas of the country – acting as a “Moscow bypass” between[…..]
Russia’s huge landmass gives it access to three of the worlds largest oceans, the Atlantic, with the Sea Of Azov, Black Sea, Baltic, Barents and White Sea; the Arctic, with the Kara, Laptev, Chuckchi and East Siberian Seas, and the Pacific with the Bering, Okhotsk and Japan Seas. Russia’s Federal Agency for Fishery estimates the potential of the[…..]
In this article, we explain the import and customs duties procedures in Russia.
Double tax treaties are useful instruments for foreign investors or trade businesses to avoid being taxed in two countries and mitigate tax liability.
Op/Ed By Chris Devonshire-Ellis How well balanced or desirable is Russia’s services trade with the European Union? Who are the EU’s competitors? Sanctions imposed by the European Union on Russia in 2014 have diminished bilateral trade with Russia considerably over the past four years. Although there is signs of some recovery as markets adapt and[…..]
Maxim Oreshkin, Russia’s Economic Development Minister, and Wang Zhigang, China’s Science and Technology Minister have signed an MoU to create a US$1 billion Research and Technology Innovation Fund. The Russian Direct Investment Fund (RDIF) and the China Investment Corporation (CIC) will finance the project. The new fund will be created for eight years, with the[…..]
Brings Russia Into Global Tax Standards Compliance Russia has joined the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), the OECD announced on June 18th. Russia becomes the 88th jurisdiction to join the pact, which is designed to reduce opportunities for multinational firm profit shifting and improve[…..]