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More and more Moscow residents are starting up their own businesses

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Entrepreneurial activity in Moscow is on the rise; in 2017, the number of sole proprietors has grown by more than 70% over 2010. This growth was stimulated by support offered to honest businesses. The Moscow Government has created conditions for healthy competition by driving dishonest entrepreneurs out into the open.

In addition, administrative procedures have been simplified and a patent-based taxation system introduced. Over the last six years, the number of patents purchased has increased 4.5-fold.

 

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