|Local Time (Moscow) (LIVE):||1:07 PM|
|Local Currency:||$1 = ₽66.95|
|Tax Year Dates:||1st January – 31st December|
Despite making controversial headlines and receiving US and EU sanctions, Russia still presents a number of unique opportunities for international expansion.
For starters, Russia offers new investment programmes and openly encourages foreign investment. With recent developments in their transport and infrastructure, Russia now also offers improved logistical efficiency for doing business. Add into the mix Russian middle-class consumers’ strong receptiveness to brands – particularly luxury goods, food and drink – and you could find your perfect market.
Though worthwhile, we know expanding your business is a complex and stressful process. That’s why we are here to help with your global payroll and HR. We’ll help streamline the expansion process and make sure your business maintains compliance. Get in touch today.