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Business in russia

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  • Shipbuilding: There are around 1000 companies in shipbuilding in RussiaAutomotive: there are around 1 500 000 made annually
  • It is easier to open business in Russia that it seems. Key problems that entrepreneurs face with – low infrastructure level and not sounqualified workers
  • It is easy. All that you need is…..Moreover, while you are waiting, you can still work on your business – create a web page, make contracts with suppliers, etc
  • Taxes in Russia are not the lowest one, but still you can live with themBut there is one disadvantage, among high payroll taxes – you need to have an accountant, it is obligatory to prove that you are dealing legally
  • Great engineersYou have to tell emplyees what and when to do to make sure that they complete the task
  • People from capitals care about what they are buying. Something made in china or cosmetics of not high quality is not more interesting
  • Transcript

    • 1. RUSSIA Olga Nosenko Umar Autarkhanov Svyatoslav Legkodukh
    • 2. RUSSIA IN THE BIGGEST COUNTRY IN THE WORLD
    • 3. Murmansk Population: 300 000 Language spoken: Russian Distinctive features: northern lights, polar day/night, the northest McDonalds Saint-Petersburg Population: 5 000 000 Language spoken: Russian Distinctive features: “cultural capital”, white nights, the biggest port in Russia Grozny Population: 270 000 Language spoken: Russian, Chechen Distinctive features: Muslim republic, the largest mosque in Russia
    • 4. FACTS AND FIGURES Was founded in 988 Population – 142 million Capital – Moscow Official language – Russian Time zones – 9 Ethnic groups – 6 Religion – Christianity (orthodox) Area – 17 000 000 km2 Average Salary – 450 EUR Life expectancy – 67 years GDP – $1,48 trillion
    • 5. ECONOMY Export • oil • gas • timber
    • 6. ECONOMY Production • Shipbuilding • Automotive industry • Agricultural industry • Software • Military • Geothermal industry • Aerospace industry • Optical mechanical industry • Oil refining • Nano-technology • Pharmaceutical
    • 7. FACTS ABOUT BUSINESS IN RUSSIA
    • 8. DOING BUSINESS IN RUSSIA • Russian citizenship • Local language is mandatory • Understanding the locals • Connections are important
    • 9. CORRUPTION http://www.transparency.org/country#RUS Denmark
    • 10. TAXES • VAT 18% • Fixed personal income tax – 13% • Payroll taxes – 36% of the monthly income of employee • Accountant is needed
    • 11. EMPLOYEES • High standards of education • Working mentality • Punctuality issues
    • 12. SELECTIVE CONSUMERS • especially in Moscow and in Saint Petersburg
    • 13. HIGH COMPETITION • Restaurant and café business • Service business • Clothing brands
    • 14. THANK YOU FOR YOUR ATTENTION!
    • 15. Svyatoslav Legkodukh +45 50 33 84 30 legkodukh@me.com Olga Nosenko +45 50 33 83 37 oljanosenko@gmail.com Umar Autarkhanov +45 50 33 86 19 umarautarhanov@gmail.com