ATTRACTIVE JURISDICTION - BUSINESS DEVELOPMENT, DEVELOPMENT OF THE COUNTRY

Abstract

The Features of the Russian jurisdiction, its gaps and recommendations to address them were considered by expertsduring the section of the Gaidar forum «Russian jurisdiction: factors of attractiveness and competitiveness», organized by theInstitute of public service and management. The following overview of the work of the section focuses on the General opinion ofthe panellists on the importance of the state creating an environment in which business of varying degrees of capitalization wouldfeel comfortable. Business development allows to maintain a competitive environment in the country, create additional jobs, servesas the engine of the economy, increases the degree of responsibility of citizens and their involvement in national development.The problems of comfortable business development include many aspects, such as clear and rational taxation, transparentprocedures for registration and reporting of companies, convenience and minimum time spent in the necessary contacts withgovernment agencies, finally, predictable and fair, based on sound legislation, judicial procedure for resolving economic disputesarising in the course of business. In today's globalizing world, which has virtually no borders, there is a growing struggle amongStates to attract business to their jurisdiction. To create a favorable environment for entrepreneurs, investors, to become attractivefor doing business - this is the task for the future experts who participated in the discussion. During the meeting, the nationalreport «Competitiveness of the Russian jurisdiction» was presented, where the researchers conducted a detailed analysis of thelegal system and formulated recommendations to improve the competitiveness of the domestic jurisdiction.