Foreign businessmen who want to open a travel agency in Russia
are advised to study the characteristics of the market and the main locations preferred by local and foreign tourists
. In order to register a travel agency
here, businessmen are required to follow the requirements established for any other type of company
. An important aspect related to the travelling industry in Russia
is that, in 2015, the country improved its position in terms of competitiveness, as stated by the Travel & Tourism Competitiveness Index
. Our team of Russian company formation specialists
can provide a detailed presentation on the local industry.
Register a company in Russia
As a general rule, foreign investors can set their business operations in Russia with almost no restrictions. However, there are several domains which are restricted to foreigners or which impose special conditions, but this rule is not applicable to travelling industry.
When opening a travel agency
here, businessmen will have to register the company
under a legal entity
, chosen from the following:
• limited liability company;
• joint stock company;
• branch of a foreign company;
• sole proprietorship.
One of the most common legal entities in Russia is the limited liability company, which provides many advantages to the shareholders, such as the limited liability subscribed to the shares owned in the company.
Tourism industry in Russia
The information revealed by the Travel & Tourism Competitiveness Index showed that Russia provides a multitude of cultural sites and, from a logistics point of view, the state offers air links which are beneficial to incoming tourists. From the latest study, carried out in 2013, Russia improved its position by 18 points, currently occupying the 45th place.
It is important to know that in 2015, 2,6 million foreign tourists chose Russia as their holiday destination.