Company Formation Russia



Workforce in Russia

Updated on Wednesday 13th December 2017

Rate this article
5 5 1
based on 1 reviews

Workforce-in-Russia.jpgRussia is a state which can provide many business opportunities to both local and foreign investors. As a general rule, the success of any business is given by a set of different factors, such as the economic climate of the respective country, the taxation level, the policies carried out by the investors, but it also depends on the human resources. The employees are a representative aspect of any business, as their level of expertise on the respective field can help boost the level of the company. As for this reason, it is very important to study the characteristics of the Russian workforce when deciding to establish a business presence on this market; our team of Russian company formation specialists can provide assistance on this matter. 


Characteristics of the Russian workforce 

When opening a company in Russia is it important to choose a field which provides business perspectives in the country, but it is also necessary to see what is the degree of specialization of the workforce available in that sector. Russia benefits of a highly skilled workforce, which is one of the main sources attracting foreign businesses here. It is important to know that foreign businesses set up in Russia consider that the main attributes of the local economy is represented by the large consumer market and the specialization of the workforce; our team of company incorporation representatives can offer more details. 
Foreign direct investments in Russia are made up in the manufacturing industry and the energy sector. These industries created a large number of jobs, but it is necessary to specify that, as a general rule, the Russian workforce is mainly concentrated in the following economic sectors: 

Russian workforce and unemployment 

Although Russia had several economic issues, also shown in the total number of the employees, a crucial aspect of this industry is that the level of unemployment did not increase. It is actually set out at the lowest level since 1991. 
At the moment, the unemployment rate in Russia is  5,8%. 
Persons who need to receive further information on the structure of the Russian workforce can address to our team of company formation consultants

Meet us in Moscow


Call us now at +7(495)504-12-15 to set up an appointment with Evgeny M. Kuznetsov, the managing partner and founder of Herman & Smith LLC. 

As our client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Russia.

Contact us



BridgeWest takes great care of selecting its affiliates worldwide and Russia is no exception.

Francesco Dagnino, Partner of
Lexia Avvocati

Read more testimonials