Russia has recorded a record increase in the number of individual entrepreneurs

The number of individual entrepreneurs (IP) in Russia increased by 395 thousand in 2023 and for the first time exceeded 4 million people. This is the strongest increase in absolute terms since 2007, when the number of individual entrepreneurs increased by 414 thousand, to 3.3 million, reports Frank Media with reference to the Federal Tax Service. According to the tax department, just over 30% of all registered individual entrepreneurs are in five regions – Moscow, Moscow region, Krasnodar region, St. Petersburg and Rostov region.

According to experts, the increase in the number of individual entrepreneurs may be associated with the departure of foreign companies from Russia, measures of state support and increased business activity in new regions.