Facts & Stats
- Capital City
Russian ruble (₽, RUB)
- Population size
- Ease of doing business
- Cost of living index
- Payroll frequency
- VAT - standard rate
- GDP - real growth rate
Grow your team in Russia with Remote
Note that Remote does not have active plans to launch operations in Russia due to challenging local market conditions and regulations. We are working hard to extend our Employer of Record coverage around the world and we can help you pay contractors and employees with full legal compliance in many nearby countries.
To employ in Russia, companies must own a local legal entity in the country or work with a global employment solution. Developing the processes required to manage payroll, benefits, taxes, and onboarding in countries like Russia can get complicated fast, especially without localized expertise.
In the countries where we do offer our EOR services, Remote takes on the responsibility and legal risks of international employment so you can focus on hiring great talent and growing your business.
Risks of misclassification
Russia, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Russia may lead to fines and penalties for the offending company.
Competitive benefits package in Russia
At Remote, we’re obsessed with helping you craft the best possible employee experience for your team. We are leading the way in practicing “fair equity”, which means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive (and that will allow you to attract the best local talent).
We have no active plans to operate in Russia but our benefits packages for all of the countries we support are tailored to fulfill the local needs of your employees. Typically, our packages contain some or all of the following benefits:
Mental Health Support
Pension or 401(K)
Life and Disability Insurance