Locations

Russia

The land of billionaires.

• Top 5 percentile salaries in the world for manager level positions
• Work with growing companies expanding globally
• 13% income tax rate

Russia is a transcontinental country extending over much of northern Eurasia. It is by far the largest country in the world with a population of 142 million, which makes it the 9th largest by population. Global Ambition recruits mainly to Moscow and St Petersburg.

Moscow is the country’s political, economic and financial centre, and home to the largest number of billionaires in the world! Unfortunately this also makes it an expensive city for expatriate employees, due to the stable ruble as well as increasing housing prices within the city.

Economy

Russia has the world’s largest mineral and energy resources and is considered an ‘energy superpower’. Moscow is the capital, and not only the largest Russian city but also the largest city in Europe.

Since the financial crisis in 1998, exponential rates of growth have been achieved by various business sectors. Many multi-national corporations have offices in Moscow.

The Russian Mergers & Acquisitions (M&A) market doubled in value terms in 2007, to nearly USD$130 billion, having shown sustained growth for six years running. 2007 was most notable both from the standpoint of foreign investment in the Russian economy and from the volume of M&A transactions involving foreign assets.

There is increasing interest from Russian companies to expand their global presence in order to improve resource and production bases, whilst also gaining access to new sales markets and cutting-edge technologies.

Taxation

The personal income tax rate in Russia is one of the most attractive, at a rate of 13% (although there are requirements that must be met in order to be applicable for this rate).

Salary

Salaries and remuneration packages on offer in this region can be some of the best in the modern world for individuals with the right talent and skills.  Russia has been known to pay in the top 5 percentile for those positions involving managerial skills.

Typical roles available for accounting finance professionals in Russia

Within  Practice from senior level to partner level within the following specialties

• External Audit
• Internal Audit
• Tax
• Corporate Finance
• Transaction Services

Within Industry

• Finance Controller
• Finance Manager
• Internal Audit

Industry sectors typically include

• Financial Services
• Oil and Gas
• Energy and Mining
• Manufacturing
• Retail