International leasing and features of using it in Russia

Abstract

The paper describes the problems of expansion of economic cooperation between states and the development of international financial transactions, which helped to expand the use of cross-border leasing. International leasing has proven to be a valuable financing vehicle for companies exporting capital goods (machinery, equipment, etc.) or developing new production units abroad. The complexity of the agreement is increased due to activities of two or more markets. There has been carried out a theoretical and analytical analysis of the international leasing market, its features, regulation and trends. There have been analyzed various aspects of the international leasing market in the Russian market, assessment of the current state of the leasing market, its features and differences from the international leasing practice (size, market trends and prospects, programs of leasing transactions, type of companies, regulation). There have been found out six main regions in the leasing market, given the general characteristics for all regions: specialization, securitization, consolidation of leasing assets. The advantages of international leasing were noted (one of which is the ability to have some tax benefits from another country), which have become the main factor in the development of leasing in Russia. There have been given the recommendations for the development of leasing industry and factors that should be taken into account to assess the possibility of developing the global leasing market