Doing Business in Russia

Foreword Doing Business in Russia 1 Dear Reader, This brochure has been prepared to provide an economic overview of Russia as well as to introduce the tax and legal issues that are important for those planning to do business in Russia. In particular, there is a brief discussion of the benefits of investing in the special economic zones and current trends on innovation and modernisation in the economy. Russian tax and civil legislation is constantly developing, meaning that sometimes there is no clear answer to what might be considered a simple question. In such circumstances, court cases and rulings are important sources for interpreting legislation. Information overview is prepared as of 1 May 2016. This brochure is not intended to provide tax or legal advice for any specific person or situation. Readers are strongly advised to seek professional assistance from advisors with experience of doing business in Russia before undertaking any business ventures themselves. About KPMG KPMG is one of the world's biggest advisory, audit and tax and legal firms. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. The company employs more than 174,000 outstanding professionals who work together to deliver value in 155 countries worldwide. KPMG has been working for more than 25 years in Russia and has more than 4,000 professionals working at 18 offices spread across seven CIS countries. In recent years, KPMG in Russia and the CIS has been one of the fastest growing KPMG practices in the world. KPMG has been consistently rated the No. 1 audit firm in Russia from 2009-2015 by Expert RA and was named Transfer Pricing Firm of the year in Russia in 2016 and Tax Firm of the Year in 2012-2013 in Russia by the International Tax Review magazine. St. Petersburg Rostov-on-Don Kiev Lvov Moscow Nizhny Novgorod Kazan Perm Ekaterinburg Yerevan Tbilisi Krasnoyarsk Novosibirsk Atyrau Almaty Baku Bishkek •Astana ©2016 KPMG. All rights reserved.

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