Doing business in Russia

Having reformed its forces, an air of confidence and growth surrounds the Russian economy. Of course, despite of the positive strides it has made, there are sincerely many challenges on doing business in this diverse and notoriously tricky economy.

Being more precise, traditionally regarded as a resource-reliant economy, Russia is well-known for its retail, telecommunications and real estate development in recent years. All these urged to the expansion in the country’s consumer base. In other words, incomes are increasing and consumer lending is also becoming more widespread, which has allowed the country to weather the economic storm far better than other export-reliant nations.

Furthermore, in this point we should underline that as market matures and open market policies are favoured over a protectionist stance, the international business community is starting to warm to Russia as an investment destination.

In addition to this, it is essential to mention that starting a business in Russia takes an average of nine procedures and over twenty three days to set up your business in Russia. More than this, it costs on average 2.3% of income per capita but choosing St Petersburg for setting up a business is surely ranked the easiest. On the other hand, registering property is relatively cheap in Russia and registration fee are among the lowest in the world.

Given that obstacles are difficult to overcome without local help, if you are interested in doing business in Russia do not hesitate to come in contact with the expanded network of Advanced Consultants S.A. experts that will overtake to start up your business.

Start Up business in Dubai

Offering a well-organized environment for starting a new trading or investing company in UAE, Dubai is the perfect residence for your enterprise. More precisely, Dubai is well known for its free zones, ie free trade zones with extensive tax-exemptions for foreign companies to encourage investment into the region. Of course, when setting up a company aiming to serve clients in the United Arab Emirates itself  then tax and regulatory regime applies.

These companies, known as “resident companies” are governed by totally different tax laws than the free zone companies that can be owned by foreigners with full repatriation of capital. On the other hand, outside of these trade zones at least 51% of the company’s equity must be owned by a national of UAE.

Given that the tax system of UAE have some tricky provisions, understanding the ways in which companies can trade natively whilst retaining tax free status can be incredibly lucrative, opening up local markets whilst keeping regulatory and tax burdens to an absolute minimum.

For this purpose, Advanced Consultants S.A. provides professional corporate solutions as well as advice to investors seeking for a new trading or investing company. More than this, we undertake setting up your company during one day. For more details and a completely innovative corporate structuring do not hesitate to come in contact with our well experienced consultants.