Expansion of Russian Companies into Kyrgyzstan: Over 450 Branches Opened
Russian Companies Open More Than 11,000 Branches in Serbia, UAE, Kyrgyzstan, and Armenia
Russian citizens have been expanding their business operations by opening over 11,000 branches of their companies in Serbia, UAE, Kyrgyzstan, and Armenia in the past two years. This data, analyzed by Finion company, highlights the growing presence of Russian businesses abroad.
The appeal of these jurisdictions lies in the tax benefits, the significant Russian population, opportunities to increase exports, and expand business operations. The statistics from the respective countries’ statistical services indicate a positive trend in foreign investments from Russia.
In the Kyrgyz Republic alone, 450 branches of Russian companies have been established, showcasing the interest of Russian entrepreneurs in the region. The main sectors of the economy where Russian companies are operating include the IT sector, logistics, and the service sector.
According to Vyacheslav Kartamyshev, Director of Finion, Russian businesses are thriving in friendly countries despite occasional challenges related to banking policies and mutual settlements. Many Russian companies have established offices in Kyrgyzstan, particularly in the textile production sector, to streamline the process of receiving goods and simplifying logistics in the supply chain.
Vadim Yun, Business Russia’s Business Ambassador to Kyrgyzstan, highlights the attractive benefits and favorable investment climate in Kyrgyzstan, which have been instrumental in drawing Russian entrepreneurs to the country. The simplified registration procedures and business setup processes in the Kyrgyz Republic have significantly reduced the time and effort required for companies to establish their presence in the region.
Overall, the growing number of Russian companies expanding their operations in various countries reflects a positive trend in cross-border business collaborations and investments.Kyrgyzstan emerges as a promising destination for Russian businesses looking to explore new opportunities and tap into the country’s economic potential.
