As Russia continues its post-crisis economic transition, 2025 brings a favorable wave of tax incentives for foreign-owned companies—especially from “friendly countries” like Vietnam. These reforms are part of a broader effort to attract new foreign direct investment (FDI) and boost domestic production, logistics, and consumer markets.
For Vietnamese entrepreneurs and small-to-medium enterprises (SMEs), this is a rare opportunity to enter an under-served, high-potential market with significantly lower tax burdens. With Bukreev Consulting guiding you through every step, expanding into Russia has never been more achievable.
In response to global sanctions and the need to diversify trade relationships, Russia has implemented a new tax policy for 2025–2030 focused on attracting FDI from Asian, Latin American, and African nations.
Key highlights of Russia’s new tax incentives include:
50% profit tax for qualified IT and high-tech companies until the end of 2024, extendable for tech zones
Reduced social contributions (from 30% to 7.6%) for registered IT businesses
0–2% corporate income tax for companies in Special Economic Zones (SEZs)
VAT exemption on software licensing and digital product transfers
Fast-track customs clearance and import duty relief for high-priority goods
These changes are most applicable to foreign-owned companies that localize production or create jobs inside Russia.
Who Qualifies for These Tax Incentives?
Vietnamese businesses can benefit if they meet the following criteria:
Over 70% of business activity falls within approved sectors (IT, manufacturing, agriculture, logistics, etc.)
Company is registered in Russia or a designated Special Economic Zone (SEZ)
Majority ownership can remain foreign, with simplified licensing and visa procedures
Must maintain transparency, tax compliance, and local operational activity
Vietnam–Russia Trade Relations: A Strategic Foundation
Vietnam is one of the few ASEAN countries with an active Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU), which includes Russia. As a result, Vietnamese goods enjoy reduced tariffs and faster customs clearance, especially in these sectors:
Because of supply chain gaps caused by reduced Western imports, Russia’s retail and manufacturing sectors are actively seeking replacements—and Vietnamese brands are gaining traction.
Priority Sectors for Foreign Investment in Russia 2025
Based on the latest policy from the Russian Ministry of Economic Development, these are the top-performing, under-served sectors for FDI:
1. Information Technology and Software Development
Tax benefits: 5% profit tax, 7.6% social tax
Must be registered in Russia’s official Registry of Domestic Software
2. Manufacturing and Light Industry
Ideal for Vietnamese factories relocating or exporting machinery, packaging, or materials
SEZ-based companies pay 2% or lower income tax for 10 years
3. Logistics and Warehousing
Government co-investment in warehouse infrastructure
Good for SMEs looking to store or distribute Vietnamese products
4. Food Processing and Beverage
Vietnamese coffee brands, sauces, and snacks are gaining popularity
Incentives for localized production or packaging in Russia
Benefits of Establishing a Business in a Russian SEZ
Special Economic Zones in regions such as Kaluga, Tatarstan, and Novosibirsk offer tax advantages and simplified procedures:
Benefit
Standard
In SEZ
Corporate Profit Tax
20%
0–2% (first 5–10 yrs)
VAT on Imported Equipment
20%
Exempt
Land and Property Tax
1.5% annually
0% for up to 10 years
Customs Duties
Standard rates
Exempt
Common Questions from Vietnamese Entrepreneurs
Can I open a company in Russia if I live in Vietnam?
Yes. Bukreev Consulting can handle registration remotely via power of attorney. No need to be physically present.
Do I need a Russian partner to qualify for incentives?
No. 100% foreign ownership is allowed in most cases.
How long does it take to set up a business in Russia?
7–10 business days for standard LLC registration. SEZ registration may take up to 30 days.
Can I get a long-term visa or residency as a business owner?
Yes. Business visas and special residence permits are available for foreign investors.
How Bukreev Consulting Supports Vietnamese Investors
As the leading consulting firm specializing in Vietnam–Russia business relations, Bukreev Consulting offers:
Company registration (LLC, branch, JV)
Tax planning & legal compliance
Licensing for IT, F&B, and import activities
Assistance with SEZ applications
Customs code registration and import logistics
Local partner search, office leasing, and hiring support
Vietnamese-speaking legal support
Step-by-Step Guide to Access Tax Benefits in Russia
Evaluate your business model: Does it fit within Russia’s priority sectors?
Choose the best legal structure: LLC, representative office, or SEZ entity
Submit registration documents: Bukreev handles translation, submission, and legal liaison
Apply for SEZ or IT benefits with the help of our certified legal experts
Begin operations: Open a bank account, rent space, hire local staff
Conclusion: Turn Russia’s Tax Incentives into Your Competitive Advantage
Russia’s 2025 investment policy offers low tax rates, simplified registration, and preferential treatment for Asian entrepreneurs. Vietnamese businesses in the right sectors can scale fast, access a large market, and build international credibility.
But navigating local laws and tax procedures requires an experienced, bilingual partner. That’s where Bukreev Consulting comes in.