TOP INVESTMENT IDEAS FOR FOREIGNERS IN RUSSIA

Given the current situation in the country, many foreigners may be wondering how they can maximise this period to invest in assets, save or invest money in the economy. Fortunately, Russia is a very friendly place for foreigners to do business and the prospects of successful investment is huge.

Here are a few ways you can invest at this time:

1. Real estate development: In Russia, this will look like buying housing properties to manage, enhance and rent/sell them again. As you can easily tell, real estate is lucrative in most economies.

The prices of houses have increased due to recent happenings, but if you have plans to stay in the country for long, this might be the next best time to purchase a house, especially if you still have money in USD or other currency.

This is because the prices of goods will probably continue to rise and you’ll make a profit in the long run. If you are interested but you do not know how to go about this, reach us on WhatsApp for some financial consultation.

2. Invest in the stock market: The stock market at this time is very busy, with exchange rates flunctuating, a wise financial decision to trade certain stocks can have long-lasting positive returns in years to come.

Our advice still remains, ‘Do not invest in anything you do not understand’. If you are interested or have questions on the Russian Market, book a financial consultation seat with us today and make the right choices for your future.

Investing in the market at any time requires a real understanding of how the prices work, and you must be willing to take risks- but an informed and calculated decision will, more often than not, lead to profits.

3. Invest in yourself: It is a no-brainer to improve yourself- gain knowledge, take classes, read books, and improve one in-demand skill or the other. We had a promo with Kwiberry recently where we encouraged foreigners in Russia to learn no-code website development.

Especially as a foreigner in Russia, taking opportunities like these and growing skills in tech, business etc. can help you find a steady source of income and even avoid debt and fraudulent practices.

You want to stay around for these kinds of opportunities where you can build yourself and gain certification to earn from your high-income skill in the future. This could be your ticket to financial freedom especially if you don’t have enough money to get into the bigger market yet.

4. Start a business: There is always a market need. In fact, if you look around, you’ll see certain products or services that are always in demand but there seems to be a shortage in supply. That is your cue.

Take that idea, build it and invest in lucrative business opportunities around you. You could be developing the next tech answer or the next big startup. Even common services like hairdressing or cooking African food may be scarce in your location.

Ask questions- find out from people what services they wish were close by and look for ways to build a market response. Don’t wait for tomorrow. Create a system where you meet that need in your community and get paid for it.

We don’t have to remind you now to stop borrowing money or to start saving… That’s for another post. You need money to make money. Don’t sleep on it. Go make that decision now, take that step. We are always rooting for you.

Got any questions? Let us know!