Is Britain a good destination?

Is Britain a good destination?

The contemporary exodus from Russia hurts the country demographics like the war. The country is losing its economically active population at a rate of around 100 thousand people per year since 2000, with peak years in 2013-2014.

Russian business people experience increasing fear of failure, as they most probably will not be able to restart trade after closure. Statistics show that seven in ten failed people in business do not recover back to business in Russia. Early-stage entrepreneurial activity metrics are much lower in Russia than average world levels, as well as established business ownership rate (GEM Country Profile Data).

Emigrational waves from Russia

1881-1914 	1.9 million
1918-1922 	1.4-2.9 million
1941-1945 	0.5-0.8 million
1970-1980 	0.3 million
1989-1999 	2.5 million
2000-present 	1.6-2 million

Recent research shows a significant increase of emigration intention among the young people of Russia (Gallup Media data). More than one-half Russians aged 18-24 answered “Yes” to possible emigration at the end of 2019 (Levada Center data).

Comparing to the previous waves of emigration, the contemporary one is more diverse. The top destination during the 80-es was the US. It is still a significant destination, along with Germany. However, many people started to prefer South American democracies and even the Pacific region.

What Britain has to offer to the most active Russian citizens who are willing to relocate? Yes, it does, and that does not limit with a stable political system, the rule of law and higher incomes. In the UK, there is much less fear of failure rate among businesses. Established business ownership rate is significantly higher than the global average (GEM Consortium data). Motivational index of British companies is a level of magnitude higher than in Russia. Which means that if you are starting a business in the UK, you are much more opportunity-driven, than necessity-driven. See for yourself the key metrics of quality of entrepreneurial environment in the UK vs Russia.

Entrepreneurial Framework Conditions

The Russian policy framework is now designed to compensate emigration of young and talented by importing low-quality workforce from adjacent countries of the Middle East. But half million migrant workers will hardly offset the loss of value that just one talented individual may have been created. Pavel Durov’s startup Telegram, for example now capitalize close to USD 4 bn.

Increased pressure on business in Russia naturally increase emigration levels. The recent initiative of the Russian Ministry of Finance, for example, targets “unexplained wealth” and puts wealthy individuals at risk of confiscations of real estate, not just seizure of private bank accounts. Sanctions imposed on Russia force business emigration as well. It is much easier to scale a good business idea from a pilot project to a global enterprise in Britain. With its more diverse, complex, service-oriented economy the United Kingdom has a lot to offer to the Russian emigration of the last wave.

Oracle Capital Group provide immigration support in obtaining a visa, extending an existing visa and securing a British residency permit with the prospect of becoming a British citizen.

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