Doing Business In Russia

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Start-Up Considerations

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How UK Trade & Investment can help

UK Trade & Investment is the government department that supports companies in the UK trading internationally and overseas companies seeking to locate in the UK. UK Trade & Investment helps UK-based companies of all sizes do business in Russia through a network of international trade teams based in the English regions and the devolved administrations in Northern Ireland, Scotland and Wales. In Russia, there is a dedicated trade team based in the British Embassy in Moscow and Consulates-General in St Petersburg and Ekaterinburg.

You will be able to find much valuable free information from carrying out desk research. A good place to start is the UK Trade & Investment website (www.ukti.gov.uk) which provides country and sector information, information on upcoming trade missions and events, and business security advice. Registering on the website, which is free, provides you with a number of additional benefits, such as access to information on business opportunities, sector and market reports, and information alerts. You can choose the information you receive.

Once you have gained a clearer idea of the Russian market and what you want to achieve, it is time to start exploring what kind of tailored research you might need to make an effective entry into the market, and to find the right customer or partner. You can commission a wide range of information about the Russian market and assistance from UK Trade & Investment through your local International Trade Adviser or directly from UK Trade & Investment's team in Russia.

 

General Support

As an initial support, the following fully funded or subsidised services are available from UK Trade & Investment in the UK.

Export Marketing Research Scheme: Assistance with the development of a strategy for considering which overseas markets to target. This service is managed by the British Chambers of Commerce.

Business Opportunities: Free information through our internet-based service matching UK companies with international opportunities identified by trade and investment teams overseas.

Aid Funded Business: Advice on business opportunities that are created through multilateral development agency projects.

Export Communications Review: An assessment of your company's export communications, followed by practical recommendations for improvement. This service is managed by the British Chambers of Commerce.

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Individual Support

UK Trade & Investment Advisers in Russia provide tailor-made information for UK-based companies at a highly subsidised rate. The assistance is provided under Overseas Market Introduction Service (OMIS), which is a flexible tool, enabling you to use the help of British Government in overseas markets. This may include the following:

  • Search for trading partners (customers, distributors, agents, etc)

  • Arranging a programme of meetings with potential partners, assistance with visit logistics

  • In-market promotional events

  • Communicating with counterparts (for example authorities) on your behalf

  • Obtaining market data and overviews

  • Verifying and warming up your existent databases of contacts

  • ANY tailored research

In all cases, the service can be tailored to your particular needs. If in doubt, please ask us. We will be happy to help. We are always willing to give general advice and chat through your potential approach to the market before defining the exact ways that we can help.

The cost of UK Trade & Investment services depends on the time invested in research or spent undertaking these activities. Details of general rates and OMIS services are available from www.ukti.gov.uk - the exact charge will depend on the specification of the service.

 

Source - UKTI

 

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