Moscow is seeking investments from Doha for which it has extended support to Qatari brands looking to expand into the Russian market.
This was discussed at the recently held webinar ‘Smart Investing in Russia’ for investors from Qatar, following the success of the St. Petersburg International Economic Forum and the overwhelming participation of Qatari entities at the event. The webinar was hosted by QR Investment and Trade Advisory (QRITA) and global top law firm Eversheds Sutherland.
QRITA aims to facilitate the proactive development of concrete deals and connections between the two countries, as well as the broader regions and support Qatari brands looking to expand into Russia, which is a party to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards which also protects investors’ interests if a dispute has a cross-border nature.
During the virtual roundtable, experts discussed Russia’s position as the world’s sixth largest economy with a rapidly growing market as well as the legal structure in the country, which is very advantageous for foreign investors.
Russia also provides encouraging incentives for foreign investment and localisation of production such as special investment contracts, investment protection agreements and special economic zones.
"This is consistent with QRITA’s mission to enable impactful cross-border partnerships between the Russia/CIS and Qatar. We look forward to supporting investors from the Qatari market on their journey to investing in Russia,” said Oleg Chizh, managing director and chief executive of QRITA.
To enter the Russian market, foreign investors can consider establishing a Russian legal entity (limited liability company or joint stock company) or register a branch or representative office in Russia. There are also other options, such as joint ventures with Russian partners or indirect presence by concluding agreements with Russian partners.
The webinar also detailed the Russian tax landscape, the legislation between the Qatar and the Russian Federation with respect to taxation as well as incentives and benefits to foreign investors such as the various existing tax structures on foreign investment and the double tax treaty between the two countries.
“Russia and Qatar have one of the best double tax treaties which support the economic interaction between our countries. We invite investors of both countries to fully take advantage of the treaty and build many investment projects, thus expanding the development of the Russian and Qatari economies," Andrey Grachev, Head of Tax practice, Eversheds Sutherland Moscow office, said.
QRITA aims to facilitate the proactive development of concrete deals and connections between the two countries, as well as the broader regions and support Qatari brands looking to expand into Russia, which is a party to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards which also protects investors’ interests if a dispute has a cross-border nature.
During the virtual roundtable, experts discussed Russia’s position as the world’s sixth largest economy with a rapidly growing market as well as the legal structure in the country, which is very advantageous for foreign investors.
Russia also provides encouraging incentives for foreign investment and localisation of production such as special investment contracts, investment protection agreements and special economic zones.
"This is consistent with QRITA’s mission to enable impactful cross-border partnerships between the Russia/CIS and Qatar. We look forward to supporting investors from the Qatari market on their journey to investing in Russia,” said Oleg Chizh, managing director and chief executive of QRITA.
To enter the Russian market, foreign investors can consider establishing a Russian legal entity (limited liability company or joint stock company) or register a branch or representative office in Russia. There are also other options, such as joint ventures with Russian partners or indirect presence by concluding agreements with Russian partners.
The webinar also detailed the Russian tax landscape, the legislation between the Qatar and the Russian Federation with respect to taxation as well as incentives and benefits to foreign investors such as the various existing tax structures on foreign investment and the double tax treaty between the two countries.
“Russia and Qatar have one of the best double tax treaties which support the economic interaction between our countries. We invite investors of both countries to fully take advantage of the treaty and build many investment projects, thus expanding the development of the Russian and Qatari economies," Andrey Grachev, Head of Tax practice, Eversheds Sutherland Moscow office, said.