In a period of unprecedented geopolitical turbulence and
associated financial and logistical challenges, many entrepreneurs
are considering relocating their businesses to more politically and
economically stable jurisdictions. An alternative to the countries
of the European Union and offshore countries can be rapidly
developing member states of the Union of Independent States, some
of which are also members of the Eurasian Economic Union:
Azerbaijan, Armenia, Georgia, Kazakhstan, the Kyrgyz Republic,
Tajikistan and Uzbekistan.
These states are distinguished by their geographical proximity
to Russia, well-established economic and cultural ties, relatively
low cost and ease of establishing a business, tax incentives and
special preferential regimes, in particular, for IT businesses.
