The paperwork is lived by the small company who want set up in Russia like a renouncement to do the business in this country. The time consacred simply to the signing is of 30 minutes by day. So, in the jewelry chain store, a manager told that for a small structure, the paperwork is too heavy for be profitable. Also, he must open futher stores for the Diva brand. Their activity is specialized in the fancy jewel. Like the small bangles, hair slides, chuncy necklaces, and diamond rings proposed to the middle class who are the budget for buy that. But the incidents of paperwork are frequent, recently for this company a shipment was impouned because a single document was lacking. So, the delivery times inscrease but also the financial charges inputed rise too because the goods can’t be unload. Besides, the world bank site www.doingbusiness.org has calculed that 54 procedures are obligatory, corresponding to 704 days, almost 2 years to get the liscense in oder to built a warehouse in Russia.
The president Dmitri Medvedev has recently indicated however that the setting up of small company was the one of this priorities.
The small structures in Russia represent in this time 15 per cent of GDP, he liked see this figure passed to 50 per cent. He adds that the corruption will be fought in Russia in order that the supremacy of the laws be ensured. The laws priviledged often the large company in term of investments. Also, this process must be changed in oder to satified also the small company. The foreign investors invest however more money, in 2007 nearly $28 billions but often to slowly distribute in the differents firms following the administrative delay. The Russia own a growth story especially for retail and consumer goods due to boom of natural ressources. In despite of one zealous bureaucracy and local power manage by some oligarchs, the Diva brand will be profitable in the end of year. His manager confirms however that for a small structure, it’s almost impossible to create his business like a star-up in Russia.