Investment abroad. Features of promoting domestic brands abroad: barriers, goals, tasks

The reasons why our compatriots make investments abroad relate primarily to the need to save investments from inflation and increase the accumulated capital. Investing in other countries has its own specifics, namely, according to experts, only 10% of all investors who withdraw funds abroad invest them for profit. All the other 90% are just trying to save their savings.

In view of the growing attractiveness of investments abroad, we consider it expedient to consider as much as possible for our compatriots. Among the most attractive options are deposits in:

• real estate;
• securities;
• business;
• precious metals;
• savings and savings accounts.

The most popular direction for investing funds abroad among Russians, of course, is real estate. Such trends are connected not only with the fact that foreign real estate does not fall in price. Most investors buy houses and apartments abroad in the hope of leaving Russia, at least in the event of unfavorable situations for them. Of course, investing in overseas real estate requires a lot of money. Therefore, such an investment tool is available only to wealthy compatriots.

Among the most popular countries for buying houses and apartments are:

• Cyprus;
• Greece;
• Bulgaria
• Spain;

When investing in real estate abroad, Russians prefer tourist centers. In them, the cost not only does not fall, but also increases every year. For example, the US tourist real estate market marks an annual growth of 5-6%. Close to these figures are the growth rates of housing prices in European countries.

It should be noted that both inexpensive real estate in Europe and options for more affluent investors are popular. Buy a small house or apartment, up to 50 sq. m on the coast of Greece and Bulgaria can easily be invested 15 thousand euros. In the resort town of Spain, such real estate will already cost about 50 thousand euros, which is quite attractive for compatriots, especially in comparison with Russian prices.

Where is the cost of investing in real estate in the United States. An average house in attractive Florida will cost an investor $100,000-200,000. Real estate is cheaper in Detroit and Atlantic City, however, these cities do not have a good investment climate.

Investing in securities abroad

Investing in securities has always been in demand all over the world. Their presence on stock market deprives investors of problems with buying shares of large foreign corporations.

To purchase securities of interest to an investor abroad, one cannot do without the services of a stock broker, an insurance company or a foreign bank licensed to engage in such activities. Depending on the country in which the investor collects other securities, the services of a broker will cost him 20-200 dollars.

An alternative to direct purchase of shares can be in a foreign investment fund. However, this method also does not exclude the participation of an intermediary, the cost of whose services, depending on the country and the amount of the transaction, will be from 30 to 150 dollars. It should be noted that participation in foreign investment funds quite expensive. They form their assets from the shares of thousands of companies, practice stricter participation rules and differ in more conservative strategies. Minimum deposit for most of them it amounts to tens of thousands of dollars.

Investment in foreign business

One of the popular areas of investment for Russians is investing in a business that is opening abroad. According to experts, the most popular countries for such investments are Germany, Poland, Slovakia and the USA. Do not think that our people are investing in foreign business because of "unpatriotism." Investing money in the development of small business in these countries is associated with an acceptable investment climate in them, the availability of benefits, etc. China is not among the most popular countries for investment due to the high cost of formalizing a business. Official registration costs entrepreneurs $8,000.

Each country has its own benefits and specifics. For example, in Germany, Russians open a business in order to obtain a residence permit. All that is needed for this - authorized capital 25 thousand euros and the employment of five Germans. Investments in the US are attractive because of the demand for any offered product and service. Today, among our fellow citizens in America, it is popular to open enterprises that do not require large investments:

Investing in Polish business promises the investor a good profit, because it opens up access to European loans and the European market. In addition, the Polish government encourages as much as possible foreign investment establishment of special economic zones, tax breaks, ease of registration and business. In addition, by registering your business as an LLC, the minimum authorized capital of which is only 1200 euros, a foreigner can easily obtain a residence permit in Poland.

Investing money abroad in precious metals

Certainly the most attractive precious metal for investment among Russians, it is considered. The most attractive countries for its purchase are the USA and the UAE. The popularity of buying gold and other precious metals in America is due to the fall in its price on local exchanges, due to the strengthening of the stock market and valuable papers. Meanwhile, the cost of gold in the US is gradually returning to its former levels, so the popularity of buying yellow metal in America is gradually falling.

In the UAE, the situation is somewhat different. Russians specially go to the Emirates to buy ingots weighing from 100 grams, since then the price per 1 gram will be lower. Such popularity of the UAE in the gold market is due to the presence of a huge number of trading floors, which, due to competition, offer precious metals at a price significantly lower than that presented on world exchanges.

Investing money in foreign savings accounts

The most popular type of investment among Europeans and our fellow citizens is savings accounts.

Of course, foreign banks will unpleasantly surprise Russians with their annual interest rates. Both in Europe and in the USA, you are unlikely to find deposit program which provides for the payment of more than 5% per annum. Against this background, long-term savings insurance accounts are becoming increasingly popular in Europe. In case of occurrence insured event, the depositor is paid insurance. In the event of his death, the insurance amount is paid to family members. At the end of the validity period without an insured event and insurance payments, the depositor is given the entire amount of his deposits. Of course, such accounts can last up to 40 years, making the investment worthless, but they can be a great retirement gift.

When choosing an investment instrument abroad, one should not only take into account all the risks, but also calculate possible additional and indirect costs, as well as a lot of other nuances associated with investing money.

Keeping money in a foreign bank– an option on how to protect your funds from the surprises of the domestic economy.

The main purpose of a deposit abroad is the reliable preservation of funds. Rates abroad are low, mostly 1-2%, and only in some places - up to 5%. Western financial institutions have strict conditions for early termination of deposits, as well as high taxes on interest.

Many set a high threshold for depositing funds (especially in Switzerland) - 10-25 thousand euros. The minimum guarantee amount (payment of compensation to the depositor in the event of bankruptcy) according to EU standards is at least 20,000 euros. In some countries it reaches 100,000 euros, for example, in Lithuania. Placing money abroad is beneficial for those who study or work there, as well as have a business or buy real estate.

Popular countries for deposits in Europe

For many years Russians placed deposits in Cyprus. But after problems in the country's banking system, when many lost money, his popularity waned. Now widespread placement of funds in the Baltic States.

Also known among contributors are countries such as Germany, Austria and Denmark, and the classics of the genre - Switzerland, where very low rates and a large minimum deposit. Deposits in foreign banks, the interest rates of which are very low, are considered as a way to securely store money, but not to earn money.

The proposal for deposits by country is as follows.

1. In Cyprus best offers reach 4.5% (individually up to 6%) per annum in $ - Bank of Cyprus, Cyprus Popular Bank Ltd, and AlphBank.
2. In Latvia, Citadele Bank is interesting, which offers up to 3% per annum in $. BIGBANK announces in euros up to 2.65%.
3. USA: Edward and Jones Vanguard Group are offering up to 2.96% in dollars.
4. In the UK, the Bank of London and the Middle East announce up to 2.8% in terms of pounds sterling.
5. Italy. ING Direct Italia in euro - 1.4%.
6. Belgium - ING Belgium - 1.25% (euros).
7. Deposits in Germany: ING DiBa offers euro rates up to 1% per annum.
8. Sweden – Nordea raises funds at 1% in SEK.
9. Netherlands. ABN AMRO for euro deposits - up to 1% per annum.
10. Switzerland. Bank Postfinance - 0.15% per annum in Swiss francs. Of the deposits in Switzerland, this is the most profitable proposition, taking into account the cost of servicing the deposit. Credit Suisse has the highest rates in Switzerland (0.72%), but service costs exceed income.

The main requirement of foreign financial structures to non-resident depositors is the transparency of the source of origin of money. Therefore, the verification of this factor is very serious. Will be required different types certificates and statements, other than the usual documents accompanying the opening of a deposit.

Recommendations of a domestic bank are welcome if it is a “daughter” of a foreign one. Recommendations of business partners who cooperate with this institution will also be very helpful. If the depositor has a business in the country where the deposit is placed, this is a big plus.

A high minimum deposit threshold (thousands of dollars) allows you to exclude people with low and medium incomes.

To open an account with foreign bank necessary:

1. Choose a suitable country, bank (reliability rating "A") and type of deposit.
2. Enter into correspondence to clarify the conditions for opening (in person or with the help of intermediaries).
3. Collect Required documents(personally or through intermediaries), make their translation, notarize.
4. Send documents to the bank.
5. Get a positive decision (or rejection).
6. If the decision is positive, sign the contract by going abroad (for VIP clients, the bank can send its own clerk).
7. Place money.
8. Provide local authorities with all necessary information about opening an account abroad.

Starting from 2015, citizens who have placed funds abroad are required to submit quarterly tax office information about the movement of funds in the accounts. These reports must be accompanied by supporting documents translated into Russian and notarized.

You must report the opening and closing of an account abroad to the tax office at the place of residence within a month (otherwise, a fine of 5,000 rubles threatens).

You can transfer funds to a deposit only through Russian financial structures.

• Count all income / expenses so as not to be at a loss. Low interest on deposits, as well as the cost of its maintenance, commissions for transferring funds and withdrawing them, converting them, lead to the fact that when placing less than 50 thousand dollars, the depositor may be in the red.
• If a foreign bank does not give consent and requests more and more new documents, then in this way it tells the depositor that it is undesirable for him to place a deposit. Abroad, it is not customary to talk about it directly.

*Date of data update – April 2015

Many Russian investors prefer to invest their capital in foreign investment assets. main reason this behavior is that they do not have confidence in financial system Russia. Investments abroad seem to them much more reliable.

Most often, Russian investments are placed in the following investment instruments:

• real estate;
• ready business;
• bank accounts.

Each of these areas of investment has its own characteristics. Each of them has not only pluses, but also minuses. In this regard, it is not possible to single out the best asset for investment abroad.

Most Russian investors are interested in investing their savings in overseas market residential real estate. This is done for three main reasons.

Firstly, real estate purchased abroad can be rented out. Secondly, if necessary, the investor himself can use the purchased housing for its intended purpose. Thirdly, the real estate market in developed and developing countries shows strong growth. In other words, such investments will help not only to save the invested cash, but also multiply them.

Investments in located abroad commercial real estate also have a large investment attractiveness. Their main disadvantage, which stops many potential investors, is a much higher cost. Tritely, not many people have the amount necessary to make such investments.

Currently, among Russians, the most popular countries for such investments are:

• United States of America;
• Great Britain;
• Germany;
• Bulgaria;
• Greece;
• Cyprus.

All investments in real estate located abroad can be divided into two large groups. First, apartments non-residential premises located in resort areas. Secondly, real estate objects located in the largest business centers. What unites them is the presence in such places of high rental demand. In other words, such overseas property is easy to rent out.

At the same time, it should be taken into account that such investments in each individual country have very serious specifics. Therefore, before investing your capital in foreign real estate, you need to carefully study the features and customs of the business turnover of the chosen country.

Foreign business

A ready-made business is often the cherished goal of many Russian investors. Indeed, what could be better investment money in any company or business that will bring reliable income.

According to statistics, the lion's share of such investments falls on the US and EU countries. This choice is explained quite simply. On the one hand, all these states have a developed and sustainable economic system. On the other hand, the majority of the local population represents people from European culture. The mentality of the average European or American is much closer to the Russian one, if we compare it with the inhabitants of China, Japan, the United Arab Emirates, Malaysia or Indonesia.

Often, such investments help to obtain a residence permit, and then citizenship in the chosen country. In particular, this situation is typical for the USA and Germany.

Most often, a private Russian investor opens abroad:

• clothing and footwear store;
• dental clinic;
• security company;
• gym;
• Kindergarten;
• car service;
• pharmacy.

In this case, the investor can act in two ways. Firstly, he or one of his family members can independently lead the purchased business. Secondly, there is always the opportunity to hire a local professional manager.

bank accounts

Russians traditionally trust investments in bank deposits. This situation is typical for both internal Russian investment market and for investments abroad. At the same time, it is considered that foreign banks much more reliable than those located in Russia. As a kind of standard, credit institutions Switzerland.

At the same time, not all potential investors are aware of the problems of a certain group of depositors with Swiss banks. We are talking about Jews who were subjected to repression during the Second World War by Nazi Germany. Many of them had money in bank accounts in Switzerland.

When, after the end of the war, they came to the banks for money, they were asked to show documents. Naturally, many Jews lost them. Upon learning of this, local bankers only shrugged. At the same time, knowledge of the account number and contents bank cells didn't change anything. Remembering this story, one can seriously doubt the safety of keeping money in a bank abroad.

The functioning mechanism bank deposit the same as in Russian Federation. The depositor signs an agreement with the bank and transfers the money. For this, the investor receives predetermined interest. Banking interest rates on deposits abroad rarely exceed 5% per annum.

Remember, investments made abroad are not always more profitable and safer than those presented on the Russian financial market.

Anyone can invest in, it is not necessary to have huge capital and special economic knowledge. Foreign investment are not as complex as it might seem at first glance. Let's consider the main possibilities of official and legal purchase of assets - shares, as well as other ways of investing in a foreign economy.

We will focus only on those options that can be recommended as reliable in terms of protection against fraud. After all, various offshore companies trading binary options and , in the vast majority are . Participation in them can not be called an investment. They don't buy real assets, but only until a certain time they redistribute the money between the participants.

There are three ways to invest in a foreign economy:

1. An investment account opened with a bank.
2. Acquisition of assets through the services of a broker.
3. Purchase of assets through an insurance company.

Opening an investment bank account

In Russia, banks are the most popular financial institution, so opening an investment account is the first thing that comes to mind when you want to invest in a foreign economy. But this is far from the most optimal way to start investment activities.

An investment account in a bank does not store money, but certain assets. The bank accepts the client's application and acquires, on his behalf, shares, bonds, shares of various funds, as well as other various assets. As a rule, large banks are included in financial groups, which include companies in the financial sector. Therefore, the bank will be able to create a universal private banking service (the so-called Private banking). Thanks to this service, the investor does not need to apply for financial services to other companies. Such versatility, unfortunately, is the only advantage of the Private banking system.

There are more than enough disadvantages of an investment bank account:

– individual banking services is quite expensive and available only to wealthy people. Typically, banks are unwilling to consider applications that are less than $500,000;

- the bank will offer mainly its own investment products, which may be less profitable than similar services from competing financial institutions;

banks usually charge higher commissions for trust management than offered by other financial institutions;

— residents of Russia cannot receive money to accounts opened with foreign banks. Observing the law, you must first withdraw the profit from investing in Russian bank and then make a transfer to an account opened with a foreign bank. Violation of this law may result in administrative, and in some cases, criminal liability.

Brokerage account

For those who have experience in domestic, brokerage service is not new. In other states, it is arranged in a similar way. It is necessary to open an account with a foreign broker, after which the investor gets access to online transactions. You can make transactions on your own, buy and sell assets, for each transaction the broker takes a certain commission.

The main advantages of this method of investing are independence and efficiency. Transactions are carried out almost instantly, and your liquidity is at the maximum level. The main advantage is that you can always choose when to sell or buy the asset of your choice. The broker's commissions are very small, the financial intermediary takes hundredths of a percent for the service - this is much less than the bank will have to pay.

At the same time, there are also disadvantages: time costs and the presence of a language barrier. Only a few Western brokers carry out technical support for Russian-speaking clients, and for an independent thorough analysis of assets, it will take quite a long time.

In order to start working with American or European brokers, you must have at least 5 thousand dollars. Some brokers are refusing to work with Russian clients due to rising political tensions. But if you wish, you can always find a broker from the United States who will agree to cooperate. Russians prefer brokerage companies Charles Schwab and Interactive Brokers.

A brokerage account will be a good investment tool for experienced traders who appreciate complete control over their assets and high speed of transactions. Some major Russian brokers(for example, Aton, BCS, Finam, etc.) offer their customers access to international markets investment. One thousand dollars will be enough to open such an account. The client receives Russian-language support, but higher commissions will be required, and the set of assets for trading is often limited.

Investing through an insurance company

Investing through an insurance company is also called, it consists in acquiring assets that are legally drawn up in the form of a life insurance policy. Insurance in this case is only a cover that will help optimize taxes and get some additional benefits.

The investor receives a huge range of international instruments: various derivatives, deposits in Western banks etc. An insurance company is a broker that fulfills clients' orders to buy and sell a wide variety of assets.

The main advantages of the "English method":

– low commissions – the insurance company works with a huge volume financial instruments which results in lower fees. A special loyalty bonus is available for investors if you invest for 5-10-15 years - this cannot be offered by any private broker;

- you can accumulate capital - if we consider the "English method" as an analogue of a brokerage account, then the entry threshold for brokers will be lower. Investment programs start from amounts of 20,000 - 30,000 dollars, however Insurance companies offer savings programs with periodic payments of 100 - 500 dollars a month. This makes it the most democratic way to invest abroad;

- Guarantees are provided in case the insurance company has problems. 90%-100% of the investor's funds are immediately transferred to the trust. Therefore, the money of the insurance company and investors is separated, and if the insurer has problems, then the client risks only 10% of his funds. You need to understand that protection does not apply to losses due to unsuccessful investment - here the client bears all the risks on his own.

Non-market advantages of the "English method":

- there is a clear inheritance procedure - according to the law, the heirs have the right to receive an inheritance six months after the death of the testator. The insurance capital is paid without delay to the person indicated in the insurance policy;

- tax benefits - companies that offer investment according to the "English method" are registered offshore, there are no taxes there. But even when transferring money to Russia, taxation can be avoided - the tax is charged only if the profit exceeds the refinancing rate;

– anonymity of investment – ​​the trust fund guarantees anonymity and non-disclosure of information about the investor.

The main disadvantage of investing according to the "English method" is their low liquidity. Contracts are usually concluded for 15-20 years. If the contract is terminated in the first 2-3 years after the conclusion, the investor loses all his investments. You need to think carefully before signing a contract, take into account possible fluctuations in the exchange rate. If the investor fails to pay monthly the 100-500 specified in the contract, then he loses his entire investment. Such cases, unfortunately, are quite common, when people sign a contract on the verge of their income.

Naturally, there are no ideal investment instruments, so you need to carefully weigh all the pros and cons before signing any contract.

Investors from Russia have long been purchasing real estate, aircraft and helicopters, and yachts in the West. Despite the unstable financial situation in the world, the demand for luxury properties in European countries remains quite high. In particular, Russian buyers are attracted by real estate abroad.

In this review, we will look at the average Russian investor and find out who he is, what his type of activity is, and also what wealthy citizens of the Russian Federation prefer to invest their finances abroad.

Portrait of a typical investor from Russia

So, who is he - the Russian buyer of real estate and other attributes of a beautiful life abroad?

As a rule, this is an entrepreneur, the owner of his own profitable business (about 81% of buyers), a senior executive or a celebrity, a native of Russia or post-Soviet countries - Ukraine, Kazakhstan, Azerbaijan.

The main interest for businessmen is real estate in politically and economically stable developed countries- for example, in France.

Russian investments in foreign real estate on the example of France and Monaco

France and Monaco are economically attractive territories for Russian investors. In particular, businessmen from Russia prefer to invest in real estate on the Cote d'Azur, the Ile-de-France region and the Three Valleys.

Russian investments consist both in the acquisition of real estate for personal use, and in contributions to commercial facilities, for example, to run a rental business.

Statistics say that the minimum period of Russian investment in real estate for rent is 5 years. The expected yield from the leased object is 4–8% per annum.

The most attractive areas for real estate buyers from Russia in France are the center or coastal areas. Russians willingly invest in apartments, tenement houses, hotels and commercial real estate worth up to 2 million euros.

It is noteworthy that Russian citizens often use the French credit system and use borrowed funds from financial institutions to pay 40-60% of the cost of housing. In particular, the number of people who took mortgage investors has increased by 3% since 2015.

It is interesting to compare the figures for 2015 and 2017: according to statistics, the number of foreign respondents who claim that Russian investors are the main buyers of foreign real estate has increased from 17 to 27%.

It is curious that investors from the Russian Federation have been interested in renting French real estate in the arena since about 2014: then it became fashionable to rent out their “dachas” abroad, and real estate turned into a reliable way to save capital. We add that last year this trend became even more noticeable.

In addition, many Russian citizens purchase real estate in France in order to subsequently obtain a residence permit and citizenship of this country.

At the same time, our compatriots are still very reluctant to invest in real estate funds, 81% of realtors admit this. Probably, the reason for this is the lack of necessary information for making investments of this kind.

Buying real estate for subsequent sale is also common in France: in particular, since 2015, the percentage of buyers of this kind has increased from 48% to 63%. At the same time, 59% of buyers of real estate for sale are going to do so in five to ten years after the transaction.

Investments in banking products in Monaco

The situation in Monaco is somewhat broader. So, here investors from Russia prefer to invest not only in real estate, but also in banking products, because it is clear to every entrepreneur that the key to successful business is well-established relationships with financial institutions.

Many large Russian depositors place their funds in banking sector Monaco in order to preserve capital. Investors understand that the income from the finance placed in the bank compensates for the loss of money due to inflation.

Investments in the tourism industry in France

France is an attractive tourist destination popular among Russian tourists. Every year the country receives more than 80 million travelers from all over the world.

One of the most favorable regions for recreation is the Provence-Alpes-Côte d'Azur region, which combines various opportunities for tourists: excellent beach holidays, rich excursion programs, skiing.

That is why investments in the tourism industry in France are popular among Russian investors today. For example, large Russian-speaking companies operate here, offering a VIP service to wealthy clients, which includes services such as renting out luxury housing, organizing boat trips on yachts, sightseeing tours by helicopters and much more. One of these companies is ArendaLazur TM (Cofrance SARL), which has many years of experience in France.

The competence of Cofrance SARL includes any operations with French real estate, organization of transfers, flights on business jets and helicopters, rental and sale of housing, legal transactions, walks on luxurious yachts, excursions and organization of any holidays.

"Some share of Russian investments accounts for the hotel and restaurant business, which today are high-tech profitable activities, - says Vitaly Arkhangelsky, head of Cofrance SARL. “The most prestigious and profitable region from the point of view of investors is Cap Ferrat.”

The most profitable, according to experts, is a large hotel business, although some manage to do business competently, owning a small family-type hotel.

Other areas of investment

Speaking of Russian investments in the French economy, one cannot fail to mention project cooperation in the areas of aerospace, energy and road transport which has been actively developed since the late 1990s. Projects in these areas are the most promising, able to give relevant economic relations two countries a new impetus.

In particular, Russia and France are jointly developing aircraft, such as the Sukhoi Superjet 100 short-range aircraft, which first took to the skies in 2008. The development of this airliner involved about 15 foreign companies, including French. Another striking example of cooperation is the Ka-226T multi-purpose helicopter developed by the Russian Helicopters holding company with the participation of the French company Turbomeca, which provided the engines for the aircraft.

Finally, Russian engineers are actively involved in the production of spare parts for aircraft of the major aircraft manufacturer Airbus.

According to statistics, France is Russia's main destination for investment projects in the field of industry. After the decline in the activity of Russian investors in this area in 2010, by 2013 this area showed significant growth: 209 investment decisions were made regarding the industrial sector.

Thus, in 2013, 38 Russian firms worked in France, which is 15 more companies than in 2012, while today we can safely talk about bringing investment flows between France and the Russian Federation to a balance.

Among the successful implemented projects in France are the following:

• The Russian company Progresstech, a leader in the provision of services in the field of aircraft engineering, as well as a major manufacturer of space technology. The branch of the company is located in Toulouse and is called Tucana Engineering. A major partner of the company is the aircraft giant Airbus.
• Active Optics - Russian company, which opened in Marseille in 2012, is a developer of adaptive optics that is used in the medical and space fields. The organization's products are in demand throughout Europe.
• Maison Dellos is a large confectionery and tea chain of entrepreneur Andrei Dellos from Russia, which opened the popular Pushkin cafe in Paris, as well as the confectionery of the same name.

In addition, demand from Russian investors for land in France remains consistently high. Buyers are mainly interested in areas on the coast and in the Alps, in ski resorts. There are two options: buying land with a building permit or, much easier, buying a plot with an existing house, which can later be demolished or restored.

Specialists strongly recommend that Russian investors carefully monitor that construction is allowed on the acquired land: otherwise, the investor risks being left with a land plot, on which he will not be able to obtain a building permit for 20 years.

Advantages and disadvantages of significant investments in France and Monaco

Experts unanimously agree that the biggest advantage of investing in real estate in these countries is economic stability and a guarantee of maintaining the high value of the object. However, there is a significant disadvantage: the lack of proper growth in the value of real estate, which an investor from Russia can expect.

In France there are investment areas, not widely demanded today among Russian investors. In particular, we are talking about social projects that can be turned into a profitable business.

Many French cities have local developments that cannot be implemented due to lack of funding. Experts say that the future belongs to private clinics and schools, projects that society needs.

Forecasts for Russian investment in France

So, finally, let's talk about forecasts in the field Russian investments in France particularly in the real estate sector.

According to experts, investors from Russia are becoming more and more professional every year, which makes them choose a long-term planning horizon and make high demands on the quality of objects. In addition, modern investors are well versed in all the nuances of transactions and boldly take loans. This trend is likely to continue throughout 2017.

Analysts claim that in current year Russian investors will invest primarily in profitable real estate to preserve and increase capital, while the cost of resort apartments and houses for personal use will be significantly reduced.

A greater number of investors will invest in development projects, which is associated with low - in the region of 5% - profitability from conventional projects. It is expected that this year it will increase to 15%.

It is possible that the demand for student property will increase, because more and more foreign citizens rush to study abroad and to France, in particular.

Demand among Russian investors for standard hotels, supermarkets and apartments will remain stable.

In the next year and a half, experts are sure, Russian investors will receive more information about crowdfunding, that is, about collective investments. Accordingly, it is possible to predict the movement of depositors in this direction. It should be noted that this format often turns out to be more profitable and convenient than the independent acquisition and management of a property.

According to forecasts, this year Russian investors will continue to change the structure of foreign assets and capital. The reason for this is the obligation of Russian currency residents to report to the tax authorities on any transactions with foreign accounts - for example, on their opening or closing. Owners of CFCs controlled by foreign companies must pay taxes on income earned abroad.

In order not to come into conflict with domestic regulators, Russian investors in 2017-2018 will be engaged in structuring purchases through companies, which will help them get away from tax liabilities assigned to individuals.