07.03.2014 - 09:35 [ Russia Beyond the Headlines ]

Russia’s first private space company set to launch: The company has decided to register in the European Union.

(19.10.2013) The company has a branch at Skolkovo making systems for the internal market; the company’s headquarters, which houses the key service division, are based in Munich. (..)

However, there is another reason why the company’s headquarters are not based in Russia.

Kokorich explained: “Unfortunately due to the idiosyncrasies of the Russian tax system and the complexities of importing and exporting the necessary equipment, it is still difficult to work efficiently on the global market from inside Russia.”

Experts add that the state once again strictly controls the key infrastructure, as well as the delivery vehicles. “This could mean that this field would be closed to private companies very rapidly if a decision like this is taken at governmental level,” said Volostnov.