Most international companies need to recalibrate their investment opportunities, the markets where they trade and where to put their eyes if they want the business to grow in 2021. There are many things that changed during 2020. Covid-19 forced tens of thousands of companies to close or move, which meant looking for new partners and providers for those who remained in business.

But there was also Brexit, and the Russia-China bilateral trade corridor that is expanding and presenting a new scenario for business. These two events have investors turning their eyes to Russia. On one side, the U.K. leaving the European Union is a big opportunity for British companies to export to Russia now that the country is not bound anymore by the EU sanctions, and Russia is a big market that could help the country replace all the exports to the rest of Europe.

On the other hand, the Russia-China relationship has gotten stronger. China has become a huge market (and not only as an exporter). Russian and Chinese governments have been putting in place policies and trade incentives to promote business between these two countries. Thanks to these incentives, investors from different parts of the world are considering producing goods in Russia to then export to China. Be as it may, Russian private investigators say the business environment is growing exponentially but not devoid of risk.  Risk continues to rise, so vetting opportunities is critical.

And on top of that, the new remote working opportunities have opened the door to hiring talent from Russia regardless of where the employer is located at. This all means the landscape for business is set to favor Russia, but it is still crucial to understand the risks involved and be cautious.

Conducting due diligence in Russia is the most important step for any company that is acquiring a business, establishing new business relationships, expanding or hiring talent in this country. New deals require assurance that the company’s assets will be protected, and due diligence conducted by trained investigators on the ground in Russia is the most efficient tool to reduce the risks.

Hire experts to conduct a due diligence in Russia

Having the intention to conduct due diligence is not enough.  To guarantee that there will be a thorough investigation and to obtain reliable evidence, companies need to work with the right private investigators in Russia. Due diligence is an impossible task if you do not speak the language, know the laws and institutions, and if you do not have the expertise and access to the information.

Choosing a reputable private investigation company in Russia

Do your own research first for the different options. Check the investigation firms’ websites for professional trust seals and accreditations. Such trust seals let the consumers know that you are dealing with a reputable firm that you can trust with your business’s private data.

Ask the investigation company for a detailed quote, given your specific situation. You will need to be sure that your due diligence is in fact comprehensive enough. There aren’t exact rules for how much investigating needs to be done. The due diligence process has to adjust to your business’s need for information and evidence, so make sure what you request is covered.

Russia PI™ is backed up by Wymoo International, a global private investigation company with over 15 years in business, and is verified by the U.S. Better Business Bureau with an A+ Rating.

C. Wright
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