Russian companies return home

Russian companies that are listed or domiciled in the West continue to return back home due to the unfavourable treatment they receive in the West,in fact far more Russian companies have come home that there are Western companies leaving Russia.
So they are coming back and are domicling in what are known as offshore zones.

The number of companies setting up in "Russian offshore zones" increased by 1.5 times in 2024 - there are now almost 500 residents,. . Among them are major players such as the seach giant Yandex, HeadHunter and Mother and Child. First of all, organisations that were previously registered in foreign jurisdictions and have faced problems due to sanctions are moving there. In the Special Administrative Regions (SARs), they have simplified the conditions for doing business. In the future, however, "Russian offshores" may become a centre for attracting foreign investment. Which companies are planning to move to Russia in 2025

How do special administrative regions work in the Russian Federation?
By the end of 2024, 488 companies were registered in the SARs, including 379 on Oktyabrsky Island (Kaliningrad Region) and 109 on Russky Island (Primorsky Krai), the press service of the Ministry of Economic Development told Izvestia. In total, 190 participants moved from foreign jurisdictions to "Russian offshores" in one year, and the total number of participants increased by almost 1.5 times.

The Special administrative regions are areas where a simplified tax and currency regime applies. They are suitable for companies that have decided to move from a foreign jurisdiction to a Russian one. SARs appeared in the Russian Federation in 2018. Their main purpose was to de-localise foreign holdings controlled by Russian citizens.
The number of companies in the "Russian offshore zone" began to grow rapidly in 2022, after the introduction of anti-Russian sanctions. Before that, residents appeared there slowly - in 2019 there were 22 of them. As the Ministry of Economic Development clarified 83 new participants registered in these zones in 2022, and 200 organisations at once in 2023.
At the same time, some companies registered in the Special Economic Zones may eventually move from them to other constituent entities of the Russian Federation.