The approximate time taken for the extensive procedure for company registration in Russia is 3 weeks.
Officially known as the Russian Federation, Russia is the largest country in the world and retains up to 30% of the world’s natural resources. Naturally, its economy relies heavily on oil, natural gas and precious minerals. It is a major exporter of mineral fuels, iron, steel, fertilizers, gems and precious metals among others. It is the seventh largest economy in the world and is easily accessible by land and sea. Additionally, Russia has signed Double Tax Treaties with approximately 80 countries. Following are just a few reasons why entrepreneurs deem starting a business in Russia, a viable option.