Open a Travel Agency in Russia

Updated on Friday 27th May 2016

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Open-a-Travel-Agency-in-Russia.jpgForeign 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
 
The company must register for tax purposes and social funds and it will also be necessary to open a corporate bank account in which the minimum share capital will be deposited; our team of Russian company formation representatives can assist in this process. 

 

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
 
Persons who need further information on the tourism industry in Russia can address to our team of Russian company incorporation agents
 
 

Comments

  • Andrei 2016-05-27

    There are business opportunities in this field, because Russia has its particularities and iconic places to visit.

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