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Doing Business in Russia

The current economic situation shows that Chinese companies will be actively expanding their presence on the world market in the next 10 to 20 years, and one of the possible destinations is the Russian market, which is actively seeking investment. However, Chinese businesses are not yet well aware of the specifics of the Russian market. Making decisions about foreign operations is a complex task that requires knowledge of a country’s commercial and tax climate, bearing in mind that the Russian business and regulatory environment continues to develop on multiple fronts. Below is a brief overview of the Russian tax system which could be useful in the case of expanding into the Russian market.