Market Entry Program
Exhibition Management Service
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Why invest in Russia?
Russian market overview
Even in the midst of a challenging economic environment worldwide and pandemic aftershocks, Russia manages to keep its leadership position of being a “superpower” economy. Being world’s 11th-largest economy by nominal GDP ($1.862 trillion), Russia presents ample opportunities for juicy profits among foreign investors.
Some of the key statistical figures showing the global power of Russian market are provided for your reference:
- In terms of Foreign Direct Investment (FDI), Russia registered nearly $337.6bn in 2023. The main FDI recipients are: extractive industry, followed by manufacturing, wholesale and retail trade, financial and insurance activities.
- Russia’s major export partners include: China ($68.67 billion), Turkey ($42.14 billion), India ($29.64 billion), Italy ($26.42 billion), Germany ($23.13 billion), the United Kingdom ($22.27 billion), Belarus ($19.28 billion), Kazakhstan ($18.49 billion), the USA ($17.74 billion), South Korea ($16.89 billion)
- India is looking to grab a larger share of the Russian export market in the financial year of 2023 and 2024.
- The top ten exports from Russia are as follows: mineral energies and resources ($212.41 billion), natural and civilized resources ($31.58 billion), iron and metal ($28.88 billion), pharmaceuticals ($12.5 billion), articles of iron ($11.74 billion), machinery ($10.77 billion), cereals ($9.17 billion), aluminum products ($8.66 billion), ores and sediment ($7.42 billion), plastic products ($6.17 billion).
- Russia provides most of the needs of the CIS countries in oil and oil products, gas, timber, machinery and equipment. For the majority of CIS countries Russia remains the main trading partner.
- Russia’s large current account surplus and low external debt (18.7% GDP) has very effectively sanction-proofed its economy. In the long-term, Russian export is projected to trend around 47300.00 million USD in 2025.
Tax system for foreign companies
Russian taxes are regulated by the Russian Tax Code and are imposed on various criteria. Below we gathered some of the most crucial tax information to be considered before setting up a business in Russia.
Our services
Market research
Market research
In order to help foreign companies build a sustainable competitive advantage in the Russian market, Redzynn offers a full market research service with reliable data about target markets, competitor analysis and suitable corporate structures for your particular industry.
Business strategy
Business strategy & development
To navigate the tumultuous waters of entering a new market, a company has to have a clear vision. As a next step, our team will outline a high-level detailed plan of action with optimal business growth strategy in order to achieve this vision, reach your goals, be agile and grow.
Search of investors
Search of partners and investors
Establishing the right partnerships in Russia will help your business reach new heights, foster trust and credibility on the market and thrive. Redzynn will source and approach only those partners who share the same vision and goals for your business as you do.
Legal advisory
Legal & Tax advisory
We understand how much time and effort it takes to fully capture the essence of Russian legislative and tax matters, so we’re here to take it over for you and register your business without a glitch. Our experts are well versed not only in legal and tax framework of Russian business environment, but also in product registration & certification process.
Administrative
Administrative & HR services
Redzynn has all the necessary tools to fine-tune administrative and HR part of your business in Russia. It’s our task to be involved in paperwork, formalities and any necessary procedures, including opening a bank account or sourcing top talent for you.
Business setup
Business setup
Finally, our company provides complete local support needed to make sure you’re all set for a groundbreaking future in the Russian market. Whether it’s marketing or operational needs – we’re happy to serve them in a such a way as to save your company from unnecessary hassle and jump straight to doing real work.
Market research
Market research
In order to help foreign companies build a sustainable competitive advantage in the Russian market, Redzynn offers a full market research service with reliable data about target markets, competitor analysis and suitable corporate structures for your particular industry.
Business strategy
Business strategy & development
To navigate the tumultuous waters of entering a new market, a company has to have a clear vision. As a next step, our team will outline a high-level detailed plan of action with optimal business growth strategy in order to achieve this vision, reach your goals, be agile and grow.
Search of investors
Search of partners and investors
Establishing the right partnerships in Russia will help your business reach new heights, foster trust and credibility on the market and thrive. Redzynn will source and approach only those partners who share the same vision and goals for your business as you do.
Legal advisory
Legal & Tax advisory
We understand how much time and effort it takes to fully capture the essence of Russian legislative and tax matters, so we’re here to take it over for you and register your business without a glitch. Our experts are well versed not only in legal and tax framework of Russian business environment, but also in product registration & certification process.
Administrative
Administrative & HR services
Redzynn has all the necessary tools to fine-tune administrative and HR part of your business in Russia. It’s our task to be involved in paperwork, formalities and any necessary procedures, including opening a bank account or sourcing top talent for you.
Business setup
Business setup
Finally, our company provides complete local support needed to make sure you’re all set for a groundbreaking future in the Russian market. Whether it’s marketing or operational needs – we’re happy to serve them in a such a way as to save your company from unnecessary hassle and jump straight to doing real work.
Our Business Process:
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ConsultationWe will answer all your questions, get to know more about your business, discuss our vision, strategy and identify the type of company you need for success in the Russian market.
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market entry strategyOur team will outline the best market entry strategy as per your company requirements and industry specifics. Simultaneously, we will set an effective and realistic timespan for each stage of the strategy implementation in order to penetrate the Russian market the right way in the right time.
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Strategy ImplementationWe take care of all the formalities, procedures and paperwork needed to implement your business plan smoothly and efficiently, fully set up your business and get your ready for actually commencing your operations on the Russian market.
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Business reviewRedzynn doesn’t abandon your ship once it’s sailed. We’re here to provide you with continuous support and will be happy to review the outcome of our project, measure success and introduce any improvements where necessary for your maximum growth.
