Doing business in a foreign country has never been easy. There are many risk factors associated with doing business overseas. Russian private investigators say that the first thing that an investor or company owner will have to face in Russia is getting out of their comfort zone and exploring a new and unknown territory. Regulations and laws change from one country to another, maybe even from one region to another. But further from the expected obstacles that a business person may have in setting up a new business deal in Russia, like language barriers and access to information due to the distance, there are also times when things may get a little bit more complicated.

Russia may not be going through the best times in terms of international foreign relations. The conflicts with their neighboring country, the Ukraine, in the past few years have weakened the business ties between Russia and other countries. The different views regarding the Syrian conflict and how it has been handled, the battle over economic and political power, the fight over the control of important natural resources between dominant nations, the shadows of the Cold War still echoing and other issues have influenced the business environment creating more doubts for foreign investors.

Considering all of the above, private investigators in Moscow say that in the present scenario, taking precautions before going forward with any business deal in Russia is mandatory.  Doing proper due diligence and conduct professional background checks is critical.  Russia is also famous for giving birth to the biggest cybercrime networks in the world and many business affairs are taken care of using the Internet, many people still feel skeptical about doing business here. These factors combined make Russia a high fraud risk nation despite the efforts of government and the local companies.

Our Russia PI investigation team knows that having a trained investigator in Russia conducting background checks and due diligence is essential under the present circumstances. A local professional investigator, who knows the culture and speaks the language, will be key in obtaining appropriate information and reducing risk. A trained investigator can also give you some tips on how to start and maintain a good business relationship based on reliable and accurate information.

Corporate investigations, like due diligence or company verifications in Russia, are often the difference between successful business ventures and failure. A professional investigation will provide the information you need to decide whether your Russian business partner or the company you are investing in are trustworthy. Having the right information may save you from lawsuits and financial loss, and ensures that other people do not take advantage of your company. Information is key to finding new opportunities and helps you recognize whether a potential investment make sense.

Professionals in the investigation field recommend not taking the task of investigating on your own, but instead to hire experienced people who can go further than the web, who can find hidden data that companies may not be willing to share and who can uncover the truth. Corporate information that can be found online or in public databases is not enough, especially not in times where political tensions are creating a more secretive state and more data protection in Russia.  In Russia, it’s critical to have a trained investigators on the ground in Moscow with proper contacts and investigation experience, not to mention who speaks the language and who has access to local records.

Prevention never hurts, especially when it has to do with your business well-being. Working with a professional investigation firm to assist you with any verification or investigation process is now more important than ever . Contact us and make sure your business in Russia is safe!

C. Wright

© 2015 Russia PI™

© Copyright 2015 Russia PI.  All Rights Reserved.  This content is the property of Russia PI, LLC and is protected by United States of America and international copyright laws.