An analysis of the state of the small and medium business sector in the Republic of Sakha (Yakutia)

Abstract

This work includes a study and an analysis of the current state and dynamics of development of the entrepreneurial activity in the Republic of Sakha (Yakutia) over the past few years, marked by the emergence of various crises and challenges that put pressure on the economic processes. The analysis was based on key indicators of development of small and medium entrepreneurship: the number of enterprises of different categories and organizational and legal forms, employment, and turnover; both quantitative and structural changes and dynamics by types of activity were studied. Some details and features of doing business as a self-employed person and the application of the new tax regime “Tax on professional income” were separately considered. Based on the results of the study, it was determined that recent crises did not have any significant impact on the state of the entrepreneurial environment in the Republic of Sakha (Yakutia). The entrepreneurial sector is quite stable and develops in accordance with all-Russian trends. However, the very concept of stability as applied to the business environment also has a negative connotation, in the sense that the market is saturated, and the creation of new SMEs does not mean the involvement of additional labor resources in this area. For more significant progress in the direction of developing entrepreneurship and strengthening its role in the economy of the Republic of Sakha (Yakutia), it is necessary to expand the regional market. The impact of the activities of the self-employed in this context is difficult to assess adequately, since this status can be combined with any other employment.