In recent years, there has been a growing trend among Russian entrepreneurs to start their businesses online and expand into new markets. The rise of e-commerce platforms and other online tools has made it easier for Russian entrepreneurs to start and run their businesses remotely. Additionally, many entrepreneurs see the potential for growth in international markets and are exploring ways to tap into these opportunities.
Serbia is one of the most popular markets where you can see a significant increase in Russian entrepreneurs and companies, and here’s why. What connects Russian and Serbian entrepreneurs? And it’s not vodka if you were thinking about it. We will share the most common reasons why Serbia is a top choice for Russian people.
Culture and Language:
Serbian and Russian cultures share many similarities, rooted in our Slavic heritage and strong connections to Orthodox Christianity. Both countries have a rich history and strong sense of tradition, with a deep respect for their cultural heritage and customs. We also share a love for hearty and delicious cuisine. Folk music and dance are a substantial part of both cultures, just as literature, art, and celebration of holidays and special occasions. Despite our distinct differences, Serbia and Russia share a connection through our cultural traditions that link us as Slavic siblings.
Favorable Business Climate in Serbia:
Serbia offers a favorable business climate for Russian companies and entrepreneurs, with a low cost of living, low taxes, and a strategic location in the heart of Europe. The Serbian government has implemented several reforms to improve the business environment, including simplifying the process of company opening and reducing bureaucratic hurdles. Additionally, Serbia’s free trade agreements with the European Union and other countries provide access to a large and growing market for Russian businesses.
Advantage of cost-effectiveness:
Serbia is known for its cost-effectiveness, making it an attractive destination for businesses and entrepreneurs looking to minimize expenses without sacrificing quality. The cost of living in Serbia is relatively low compared to other European countries, with affordable prices for housing, food, and other necessities. This combination of affordability and quality makes Serbia an ideal destination for businesses looking to reduce their costs while maintaining a high level of quality.
For these and many other reasons, over 500 Russian citizens opened their own companies using the Virtual Office Serbia service.
Virtual Office Serbia offers services that can help your company set up quickly and easily in Serbia.
Schedule an appointment today to discuss your business’s international expansion.