Almost 700 Russian companies have opened branches in the UAE since the end of February

From the end of February to the end of September, about 700 Russian enterprises opened a second legal entity in the UAE, said “Izvestia” Business Ambassador of Delovaya Rossiya to the UAE Maxim Zagornov. According to him, since last year the number of such companies has increased five to seven times.

Business Russia clarified that they are mainly talking about small and medium-sized businesses, but large corporations also open their representative offices. The Chamber of Commerce and Industry reported that branches in the UAE register mainly IT companies.

Previously became knownthat since the end of February in Hong Kong, the number of companies associated with Russia has almost tripled. At the same time, a sharp decline in Russian capital is recorded in the city, and the Russians complain problems with access to banking services.

Details – in the material “Kommersant FM” “Business is looking for a tax haven”.

Laura Keffer