Do you want to start a profitable business in Russia as a foreigner? If Yes, here are 50 best small business ideas & investment opportunities in Russia.
Russia is obviously the largest country in the world in terms of the land area it occupies. Recent statistics placed Russia as the 9th most populous nation of the world, and the country stretches and covers over 1/8th of the total inhabited land in the world.
The Russian Federation is located in the northern part of Eurasia and its capital and seat of power is Moscow. The economy of Russia is considered to be one of the biggest in the world (9th largest) and it has the largest reserves of minerals and energy resources in the world.
Russia generates most of its income from oil, natural gas, timber and metal. The agriculture sector is another income generator for Russia and the government has put in place policies that support farmers. This is so because since Russia has the fourth largest total area suitable for cultivation in the world hence the encouragement of investors to go into farming.
Russia is also noted as one of the largest exporters of grains, meat, fish and seafood to other European nations and the United States of America. Hence, if you live in Russia or you intend relocating to Russia to start a business, then you should consider these top 50 business opportunities available in Russia:
50 Best Small Business Investment Opportunities in Russia
- Start Cooking Gas Distribution Business
A cooking gas distribution business in Russia is a profitable small scale business to start in the country. As of 2012, the oil-and-gas sector accounted for 16 percent of GDP, 52 percent of federal budget revenues and over 80 percent of total exports. Oil export earnings allowed Russia to increase its foreign reserves from $12 billion in 1999 to $597.3 billion on 1 August 2008.
This goes to show that there are business opportunities in this sector. Cooking gas is an essential commodity in most households and if you live in a city where the distribution of cooking gas is not a government affair, then you can consider starting your own cooking gas distribution business.
- Sale of Customized Winter Jackets, Head warmers and Boots
Russia is one of the countries of the world that you can’t afford not to own a winter jacket, head warmer and boots. The enormous size of Russia and the remoteness of many areas from the sea result in the dominance of the humid continental climate, which is prevalent in all parts of the country except for the tundra and the extreme southwest. This means that Russia is extremely cold and the sale of customized winter jackets, head warmers and boots would prove to be a profitable small scale business.
- Start Timber Transportation Business
Another money-making business that can be started in Russia is timber transportation business. Russia has the world’s largest forest reserves, known as “the lungs of Europe”, second only to the Amazon Rainforest in the amount of carbon dioxide it absorbs. Oil, natural gas, metals, and timber account for more than 80 percent of Russian exports abroad.
Interestingly, you don’t need have a fleet of trucks to be able to engage in the transportation of timber from the forest to timber processing mills. As a matter of fact, with just one truck especially if you choose to operate as owner operator, you will sure maximize profits in this line of business.
- Start Farming Business
Russia’s total area of cultivated land is estimated at 1,237,294 square kilometers (477,722 sq mi), the fourth largest in the world. From 1999 to 2009, Russia’s agriculture grew steadily, and the country turned from a grain importer to the third largest grain exporter after the EU and the United States.
This restoration of agriculture was supported by a credit policy of the government, helping both individual farmers and large privatized corporate farms that once were Soviet kolkhozes and which still own the significant share of agricultural land. In essence, if you choose to start any farming related business in Russia, you are sure going to get the support of government.
- Open a Butcher House
Opening a butcher house is yet another profitable and high – demand business that can be started on a small scale in Russia. A butcher house is a government approved location where animals are legally butchered for consumption.
Remarkably, the production of meat has grown from 6,813,000 tons in 1999 to 9,331,000 tons in 2008, and continues to grow. Please note that you would need a license and permit from the government before you can be allowed to operate a butcher house in Russia.
- Start Language Translation Services
Russian is the second-most used language on the Internet after English, one of two official languages aboard the International Space Station and is one of the six official languages of the UN. In essence, a language translation service is a business that is in high demand in Russia.
All that is required to successfully launch this type of business is to ensure that aside from Russian which is the official language of Russia, you can speak at least one or more foreign languages; it could be English, French, Spanish, Chinese, Portuguese or German.
- Open a Sporting Good Retail Store
The average Russian is engaged in one or more sports. As a matter of fact, Soviet and later Russian athletes have always been in the top four for the number of gold medals collected at the Summer Olympics. Soviet gymnasts, track-and-field athletes, weightlifters, wrestlers, boxers, fencers, shooters, cross country skiers, biathletes, speed skaters and figure skaters were consistently among the best in the world, along with Soviet basketball, handball, volleyball and ice hockey players. This goes to show that opening a sporting goods retail store is a good business to start.
- Start a Travel and Tourism Agency
Another viable and profitable business that can be started on a small scale in Russia is a travel and tourism agency. Tourism in Russia has seen rapid growth since the late Soviet period, first domestic tourism and then international tourism, fueled by the rich cultural heritage and great natural variety of the country.
In 2013, Russia was visited by 28.4 million tourists; it is the ninth most visited country in the world and the seventh most visited in Europe. The number of Western visitors dropped in 2014. The most visited destinations in Russia are Moscow and Saint Petersburg, the current and former capitals of the country.
- Start a Bakery Business
Bakery business is yet another small scale but profitable business idea that can be started in Russia. Bread and all flour – based foods are consumed by almost everybody in our planet as such, anyone who chooses to establish a bakery in Russia is sure going to get good returns on his or her investment as long as they are doing the right thing when it comes to running a business.
Aside from bread which seems to be the face of the bakery industry, cake is also one of the products of the bakery industry that is doing pretty well in the market. Yes, people eat bread and other flour made snacks on a daily basis in Russia, but you will quite agree that cake making is also one of the major money spinners for bakers.
- Start a Cleaning Business
Russia happens to be one of the countries where the cleaning industry is booming. As an aspiring entrepreneur who is ready to build a business that will survive the future, you should consider starting your own cleaning business. This type of business can be started by anybody and on a small scale as long as you have eyes for details and cleanliness. If you have experience in this regard, it will be easier for you to start and effectively run a small – scale cleaning business in Russia.
- Open a Bar and Grill Business
A bar and grill business is yet another thriving business that can be started on a small scale in Russia especially if you position your bar and grill business in strategic locations where you can easily attract socialites who love drinks (alcoholic and non – alcoholic) and grills.
The fact that in Russia people will always hangout in bars makes it one of those businesses that is in high demand and as a matter of fact can be profitable. Bar and grill business is one of the businesses that an entrepreneur can successfully start in the corner of a busy street (open bar) without breaking the bank for cash.
- Open a Consignment Shop
Another thriving small scale business that can be started in Russia is a consignment shop. A Consignment Shop is a shop where fairly used goods are sold at giveaway prices. It could be clothes, shoes and other fashion accessories, electronics, furniture, toys, books, tools, office equipment, machines, etc.
You can start this business without money because you would only be required to collect goods from people who are cleaning and clearing their wardrobes, houses, offices or garages at no cost at all. In other words, you would be automatically helping them get rid of the items they do not want and in turn make your profit.
- Open a Juice and Smoothie Bar
Opening a juice and smoothie bar is yet another small scale business that can be started in Russia. A smoothie is a blended, sometimes sweetened beverage primarily made from fresh fruit or vegetables combined with ice, frozen fruit or other frozen ingredients.
Some juice and smoothie bars give their clients option of add-ins, such as soy milk, whey powder, green tea and herbal or nutritional supplements. Opening a smoothie and juice bar might not be easy, but one thing is certain, it is a straight – forward business that can generate huge and steady profits if well positioned and properly managed.
- Start an Educational Consultancy Agency
Russia happens to be one of the top destinations when it comes to international students who are looking for study abroad. There are many would-be international students who are trapped simply because they don’t know who to talk to when they have educational challenges, that is why it is important to set up your own education consulting firm.
Being an educational consultant means that you will help your clients handle all their educational concerns. You can also help your clients (international students) obtain work permits in Russia.
- Start a Photography Business
A photography business is one small scale business that can be started in Russia. Even if you are rookie, all you need to do is to enroll in a photography school and get trained on how to take pictures in a more professional way. Although it might take you some years to be able to carve a niche for yourself as a professional photographer, but if you get the process started by enrolling in a photography school, and becoming consistent with your photography business, you will definitely grow to become a well-respected professional photographer in your city.
- Start Selling Artworks
If you know you are good with selling stuffs and you want to start your own business in Russia, you can consider selling artworks. Selling artworks require little or no startup capital and it is very profitable. If you are lucky to come by a good artist that is willing to give you his or her artworks to sell based on commission, then you can be rest assured to spend very minimal startup capital to launch this kind of business.
On the other hand, if you are an artist, it makes it easier for you. You can do any artwork based on your client’s specification. You stand the chance of maximizing profit because you are both the producer and the distributor (marketer).
- Start Face Painting Business
Loads of people are making good bucks from face painting business and you can become part of them if you are creative, artistic and interested in starting a small scale business in Russia. Face painting is part of what adds fun to parties and carnivals. Facing painting is not just restricted to kids and teens. Adults also love their faces to be painted during parties. This type of business is not capital intensive and you can start the business from your savings.
- Start a Furniture Making Business
If you are an entrepreneur looking for a small scale business to start in Russia, one of the businesses that can guarantee huge returns on your investment is furniture making business. Starting a furniture making business requires technical skills; you would need to learn the trade. It might take you 6 months or more to learn how to make furniture.
If you are a fast learner you will grasp the basics within 6 months. Although there are several furniture making companies in Russia, but if you are creative and you are good with what you do, people will always look for you – the market for furniture is big.
- Start Headlight Restoration Business
If you are considering starting a small scale business in the automobile industry, then you should consider starting a headlight restoration business. Starting a headlight restoration business requires automobile electrical training, it requires low startup capital and the profitability of the business is largely dependent on the number of headlights you can fix in a day or a month.
The truth is that it is to your advantage to add other automobile works to your headlight restoration business if you want to make good money from this business. Headlight restoration business is all about helping cars and truck owners to restore their damaged or malfunctioning headlights.
- Distribute HCG (Human Chorionic Gonadotropin) drugs
One of the small scale businesses you can easily start from your home in Russia with less stress is HCG (Human Chorionic Gonadotropin) business. The HCG business is a profitable business to start because loads or women and even men who want to lose weight will definitely look for ways to do it and HCG happens to be one of the healthy ways of losing weight.
One good thing about HCG products is that it can help an individual lose weight without any negative effects (hunger or weakness inclusive) on the person. HCG products are also approved for the treatment of fertility issues and they can be purchased over the counter based on prescription.
- Become an Independent Insurance Agent
As an Independent insurance agent, you have the choice of the number of hours you want to work, you can set your own target (that means you won’t be under any pressure to meet targets) and there is no limit to the amount you can earn per month.
The truth is that if you are focused and hardworking, you can make a paid employee’s annual salary in one month. It is important to state that as an independent insurance agent, you will be responsible for all your bills – the money required to go around canvassing for clients, the money required to make phone calls, and other expenses you will incur while trying to sell insurance cover.
- Start Buying and Selling Junk Silver for Profits
Buying and selling junk silver for profits is a highly profitable small scale business that can be started in Russia and the good part of it is that it requires low startup capital. As a matter of fact; you can determine the capital you intend investing in the business. There are several sources to buy junk silver coins and there are various avenues you can sell your silver coins.
You can buy junk silver coins from your neighborhood, from online stores, from flea markets, from antique stores, from pawn shops and also from jewelry shops. You can also get junk silver from recycling electronics. The bottom line is to ensure that you know the market value of junk silver; that is only when you will be able to sell at a price that will guarantee you make good profit.
- Open a Baby Boutique
Another business you can start on a small scale in Russia is a baby boutique. In as much as a baby boutique is a profitable business venture to start, it is possible to start this type of business and struggle to make profits if due diligence was not carried out before launching the business.
So, what you need to do before launching your baby boutique is to carry out a feasibility study cum market survey. Part of what you should look out for is if people who live in the community you are about to setup your business are still in the age range of giving birth. The truth is that if you setup a baby boutique in an area dominated by old people and retirees, you will struggle to make head way with the business.
- Open a Ceramic Studio
Ceramic studio is a place where people make their art works like clay building, sculpting and pottery on the wheel. You can do it yourself or you can get a potter to help you with the business. Much more than the fulfillment that you derive from owning your own ceramic studio, it is also a profitable business venture and setting up a ceramic studio requires moderate capital depending on your location.
If you are not a trained potter but you are truly in love with clay and you want to start your own ceramic studio in Russia, then you need to learn the trade. You can enroll in an art school for a diploma or degree program or you can become an apprentice in a standard ceramic studio around you.
- Start Credit and Debt Counseling Business
There are loads of areas a trained counselor with training and certification in finance (money management) can specialize in and one of them is in credit and debt counseling. It is no longer news that in Russia, the demand for counselors that are specialized in credit and debt it’s on the increase and they are indeed smiling to the bank at a regular basis; no thanks to the recent global economic crunch that affected most people.
The good thing about starting a credit and debt counseling business is that you can start the business with little or no capital and you can grow it from your home to become very big. The bottom line is that you must network with any adult that is already earning money for himself / herself.
- Start Crime Cleanup Services Business
Crime scene cleanup is not the normal cleaning service that is left for just anybody; it requires specialized training to be able to work as a crime scene cleanup agent. The fact that crime scenes are normally littered with spills of blood and even pieces of flesh makes it very important for only trained personnel to be involved in the cleanup. This is so because of the danger of contacting diseases from the contaminated site.
Crime scene cleanup business is highly profitable in an area where the crime rate is high, and that is one of the factors you should consider before starting this business. Of course, the cleaning of a crime scene can’t be left to the owner of the property, and that is why it is important to properly position your crime scene cleanup business.
- Start Dog Kernel Making Business
If you are interested in starting a small scale business in Russia, one of the businesses that you should consider starting is dog kennel making business. The fact that dogs are housed makes this business a viable and profitable business. Some dog owners spend loads of cash to construct a good-looking kennel for their dogs; it is a way of expressing their love to their dogs.
Starting a dog kennel making business requires that you undergo some construction training, it requires low startup capital and the profit margin is high. Constructing dog kennels might not be a business that you get to do every day, but if you have handful of contracts in a month or you have enough clients buy already constructed dog kennels from you, you are sure going to pay your bills and have enough to spare.
- Start Dog Treat Business
If you love dogs and taking care of them, you can start your own dog treat business in Russia and you can be rest assured to make huge returns on your investment. Starting this type of business doesn’t require huge startup capital and it is indeed a profitable business venture especially if it is located in places where people value their pets. If you are a vet doctor, it makes it easier for you to generate additional income by opening your own dog treat business.
- Start Drywall Installation Business
If you have hands-on experience in the constructions industry, and you desire to start your own business in Russia, one of the businesses you can start that can guarantee you good returns on your investment is a drywall installation business. As a drywall business owner or contractor, your responsibility is to help your clients lay out and install gypsum wall board and also gypsum wall board assemblies.
This includes non – structural metal framing members, tapping, and the required texturing operations. In order to operate this type of business, you are required to first apply and obtain your own Drywall Contractor License and Permits. Of course, you would register your business and then acquire the right training.
- Start Graffiti Removal Business
Although you may operate this kind of business from your house in Russia, but if you have the finance, and you intend to pursue big contracts from the government, then you should secure an affordable office facility. There are different techniques involved in the removal of unwanted graffiti in a public facility.
If you want to be truly effective in this line of business, then you must do all it takes to learn how to remove graffiti without causing additional damages. As a matter of fact, if the removal of graffiti is not handled by professionals, they may likely cause more harm than good. You can learn the trade by attaching yourself to someone who is already in the business of removing graffiti, or you can learn it from books and videos.
- Start Granite Hauling Business
As an aspiring entrepreneur, if you are looking for a business to start in Russia it will pay you to start a granite hauling business especially if you live around an area where granites are mined. A granite hauling business is indeed a profitable venture just like any other hauling business and it requires minimal startup capital except for the amount required to acquire a standard tipper/truck.
In most cases, you can choose the option of leasing a truck or even purchasing a fairly used truck for the start. The bottom line is that you can start the business alone and then grow it in such a way that you can own and operate fleets of haulage trucks in your yard.
- Start Liquid Soap Making Business
Liquid soap is fast replacing detergents, bars and block soaps in most kitchens, car wash garages, toilets and laundry halls generally. This is because over time it has been proven that liquid soap is more effective when used to wash dishes, cars and even hands.
So, if you are looking to start a business in Russia that requires low startup capital and little or no training, then you may want to tinker with starting your own liquid soap company. The good thing about this kind of investment is that you can start it on a small-scale level from your home and then grow to a bigger facility.
- Start a Locksmith Business
A locksmith business is indeed a profitable venture to start in Russia but you must first acquire the required training, and then work as an apprentice for a while before applying for a locksmith license. Although locksmith business is considered to be a small-scale business, but it is regulated by the government to ensure that criminal elements in the society don’t take advantage of people.
There are various aspects you can specialize on as a locksmith, you can specialize as a residential door locksmith, you can specialize as an automotive locksmith and you can specialize as a safe and security locksmith.
- Start Medical Waste Disposal Business
There are many ways an entrepreneur that is determined and diligent can make money in Russia and one of the ways is to establish a cleaning company that specializes in medical waste disposal. Medical waste is not like the normal waste that can be handled by both trained and untrained cleaners; it requires some level of professionalism and safety measure to successfully run a medical waste disposal company.
Medical waste comprises of wastes generated in the hospitals, laboratories, dental clinics, optic clinics and diagnostic centers, and this waste can be harmful to human if not properly disposed.
- Start Mobile Advertising Business
If you are looking for a business to start as an entrepreneur with a PR and an advertising background, then you can consider starting your own mobile advertising company in Russia. Mobile advertising is an advert that runs on mobile devices like mobile phones, and tablets. Mobile adverts could be in the form of mobile web banner or mobile web poster or even SMS. The truth is that, mobile devices have become one of the top advert platforms in the world and the market is still growing rapidly.
- Start a Mobile Mechanic Business
Mobile mechanic business as the name implies, is operating your mechanic business on the go. It means that even if you don’t have a mechanic workshop, you can still move around to help people fix or service their automobile in their homes, offices, and even on the road when you are called upon to do so.
Starting a mobile mechanic business requires low startup capital and it is a very profitable venture because you would have eliminated the cost of renting and maintaining a workshop/garage. All that you would spend your startup capital on is to acquire your work tools, a utility vehicle and perhaps the money required to register the business and to print your business card.
- Start a Mobile Paper Shredding Business
Although there are smaller paper shredding machines that most businesses use, but when it comes to shredding huge piles of documents, the services of mobile paper shredding companies are employed. You can conveniently start this type of business in Russia.
The mode of operation of mobile paper shredding companies is that they take their industrial paper shredding machine in a truck to their client’s office. The client brings in the documents to be shredded and the papers are shredded in their presence before transferring the shredded documents to paper recycling sites.
- Start Owner Operator Trucking Business
Owner operator trucking company means that you will be self-employed and you will be the one driving your truck for commercial purposes, or you are operating a small business that helps your customers transport goods from one point to another.
For you to be able to start your owner operator trucking company, you must have the capital required to purchase trucks that are in good shape, and you must apply and obtain commercial driver’s license (CDL) from the federal government.
Owner operator trucking company requires moderate startup capital, and the money you can make from the business is dependent on how hard you can work because there will always be clients who will need your services per time.
- Start Pet Cremation Business
The fact that people cherish having the ashes of their dead pets in an attractive container (vast, urns, pots, et al) and placed in place of their choice, makes pet cremation business a very lucrative business. If you are a vet doctor, or you are already into human cremation business, you can choose to add pet cremation as part of your service offering. As a matter of fact, you will have a competitive advantage in the market place (pet cremation industry).
- Start Private Duty Nursing Business
Private nursing service is relatively easy to start, it requires moderate startup capital, and it is indeed one of the coolest ways to make money as a nurse especially if you are starting the business in Russia. Since the demand for private nursing is increasing in places with aging population, more private duty nursing businesses are opening up to meet this demand.
So, if you know you are a nurse or you have interest in the health care industry and you live in a community where the elderly requires special care, then you should consider starting your own private duty nursing service business in Russia.
- Start Salvage Business
One of the business you can start on a small scale in Russia and that will guarantee you huge returns on your investment especially if you know how to identify valuables in the midst of rubbles, is a salvage business. Salvage business is all about buying off properties from people who no longer need them.
People or even organizations sell off their properties (equipment, furniture, gadgets et all) at a very low prices because they no longer need them and they have new ones to replace them. So, what is expected from you is to buy these goods and then refurbish and re – sell them to those who are in need of them.
- Start Scooter Rental Business
Another viable business that can be started in Russia on a small scale is scooter rental business. Scooter rental business is a profitable venture and it is easy to manage if the proper structure is put in place. Of course, there are areas where scooter rental business can’t thrive and there are areas where it can thrive.
Scooter business can thrive in areas where you can find an appreciable number of tourist, islands, and beaches and also areas such as games villages. Establishing a scooter rental business requires just enough capital to purchase at least 10 scooters to start with.
- Start Tools Rental Business
One of the businesses that you can start in Russia that is highly profitable is a tool rental business. There are countless number of technicians, farmers and artisans who don’t have the required capital to acquire the all the tools needed to run their business but can afford to rent such tools if they can find a place to rent from. There are several tools that people can rent to accomplish the task they have at hand.
Tools like, mower, hand drillers, heavy duty drillers, welding machines, forklifts, hand tools (pliers, spanners, screwdrivers, hammers, chisels et al), wheelbarrows, spade, rakes, sickles, power saw, filling machine, and virtually any tool that is needed to get any task done. So, your responsibility is to look for such tools and ensure that you have them in your store.
- Open a Toy Store
If you love children and you are interested in helping them have fun, then you should consider opening your own toy store in Russia. The demand for children’s toys won’t abate anytime soon, as a matter of fact, with the rate at which manufacturers of children’s toys improvise with their toys, it makes it more difficult for parents not to buy toys for their children.
The truth is that the only way you can stop your child or children from demanding for toys is for you not to take them close to a toy store because if you do, then you have no other option than to buy toys for them. The basic skills that are required for you to successfully run your own toy store are customer service skills, marketing skills, accounting and book keeping skills.
- Start Videography Business
Videography business is all about helping your clients produce a complete video; it involves video shooting, video editing and video packaging. The truth is that with the advent of good software for video editing, it is now easier for video editors to produce top notch videos from any part of the world.
This business requires low startup capital, it is easy to setup and it is indeed a very profitable business that an entrepreneur can start from the comfort of his or her home. The market for video producers is very wide, the clients that you will work for as a video producer cuts across both the corporate world and people of all strata.
- Start Wine Distribution Business
Starting a wine distribution company is one business that requires a low startup capital and has a high profit margin compared to your investment. The fact that wine is consumed by people of all culture and class makes it a viable and profitable business to go into. The process of establishing this kind of business is easy, but you require good marketing and managerial skills if you truly want to make it big in this type of business in Russia.
- Open Auto Spare Parts Store
If you are looking for a business to start in Russia and you have an interest in the automobile industry, then you should consider starting your own auto spare parts sale. Although you don’t need a college degree to establish your auto spare parts store, but you would need some form of informal training, you might have to work as an apprentice with someone who owns an auto spare parts store.
It makes it easier for you to learn the ropes. It is important to point out that auto spare parts business is one the businesses that can’t go out of fashion because of the role it plays in the industry.
- Start Bitcoin Mining Business
Bitcoin mining business can be started on a small – scale. If you are interested in mining bitcoin, then you have two options to follow. You can choose to mine a block of bitcoins from computer or you can choose to join a pool. If you want quick returns on your investment, then joining a pool is your best option because mining a block of bitcoins from your computer may take you a month or more before you get any return on your investment. Please note that if you join a pool, you will only get smaller payments, but you can be rest assured that you will get them at a regular basis.
- Open a Cigar Lounge
A cigar lounge or cigar bar is a place where smokers go to buy their preferred cigar and smoke freely without the fear of being embarrassed, arrested or fined. Your choice of location has either positive or negative impact on your business.
In opening a cigar lounge, you should look for available facilities that are within Airports, Shopping malls, Train Stations, Bus Terminus, or Sport Complexes. You can also rent a facility close to a business district that can easily be accessible by workers who will want to take short breaks to come smoke.
- Start Drone Repair Business
Lastly, one of the businesses you can start on a small-scale in Russia is a drone repair business. There are a lot you need to know about drone technology before going into drone repairs. Therefore, if you have decided to start a drone repair business, then you should gather all the available materials you can get on drones and ensure that you read them up.
Some of the tools you need to start your drone repair business are electronic digital tap hammer, hot bonders, blanket test and oven control systems, thermocouple spot welders, vacuum pumps and gages, portable temperature controllers and vacuum debulking / curing tables for composite repair, full color touch screen hot bonders with USB data transfer capabilities et al.
More Small Business Investment Opportunities in Russia
Russia is obviously one of the world’s biggest producers of oil and natural gas thereby making the industry very open and profitable to build a business. Investing in the oil and natural gas industry requires loads of cash and if you are an accredited investor, you should consider owning a business portfolio in the oil and gas industry in Russia.
Depending on your financial muscles, you can enter into the industry via the upstream or the downstream sector. It is important to point that you must be in favorable terms with the Russian government if you intend making it big in the oil and gas industry because the industry is regulated by the Russian government.
52. Fish and Seafood Business
Russia is positioned in such a way that it can access three of the world’s oceans i.e. the Atlantic Ocean, the Arctic Ocean and the Pacific Ocean thereby making it the largest producers of fish and seafood. If you are looking for a business to invest in Russia, then you should consider going into fishing business because it is indeed a profitable venture.
53. Grains Farming
With the Russian government timely intervention in the agric sector, Russia was able to move from being one of the largest importers of grains to one of the largest exports within a short period of time. If you intend investing in the agric sector, then you should consider going into grains farming.
There are loads of advantages you stand to gain as a grain farmer in Russia. As a grain farmer in Russia you can access easy low interest loans from the government, and also vast fertile and cultivated land to use for your farm.
54. Mechanical Engineering and Metal Working Company
Metal work and tools manufacturing is another key contributor to the economy of Russia. If you are a Mechanical Engineer / Production Engineer and are looking for a business to establish in Russia, it would pay you a great deal to establish your own tools manufacturing company. The fact that Russia has the largest deposits of metals makes the country a cheaper place to run a company that is into the production of metal tools and instruments.
The clothes and accessories business is another thriving small business in Russia. All you would need to establish your own clothing and accessories business is a shop that is strategically located and the capital required to stock your shop with all sorts of clothes, shoes, belts, caps, and other fashion accessories.
It is important to note that Russia is very cold in most part of the year, therefore you should also consider stocking your shop with winter clothes, booths et al.
If you are looking for a low capital business to start in Russia, then you should consider starting your own coffee shop. If your coffee shop is situated in a busy district in Russia, you will have good numbers of people patronizing your coffee shop per day. Running a coffee shop is indeed a very profitable business in Russia as there are loads of coffee lovers there..
57. Educational Consultancy Business
Russia has a solid higher educational system and the universities in Russia attract students from all over the world. One of the ways you can build a business in this industry is to establish your own private educational consultancy services for foreign students. You can help foreign students gain admission in any university in Russia, you can help them with their visa processing and you can also help them with their accommodation et al.
58. Timber and Furniture Business
Russia is noted to have the largest forest in the world and also the highest exporter of timber. It is a fact that the forest in Russia is largely untapped and anyone that goes into a timber related business in Russia is sure going to make good profits. Even if you don’t intend going into timber exportation, you can consider going into furniture production business.
59. Retail Trading
Retailing of commodities is yet another very flourishing business in Russia. The good thing about this kind of business is that you wouldn’t be tied to just a product, you can retail as much products that is needed by your market. The fact that Russia is considered as the 6th country with the highest purchasing power parity makes retailing business a very profitable venture in Russia.
60. Cosmetology and Pharmaceutics Company
Another thriving industry that is open for investors in Russia is the Cosmetology and Pharmaceutical sector. The market for products from this sector is large. So if you are you looking for a business to start in Russia, then you should look towards establishing your own Cosmetology and Pharmaceutics Company.
Russia is rated as the 6th largest in terms of purchasing power parity (PPP) when compared to other countries of the world; hence it is a good place to do business. It is important to point that the Russian government has a major influence on businesses that are established in Russia and if establishing a business in Russia is a priority to you, then you must endeavor to always be in the good books of the Russian authorities and government.
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