Importance The article overviews the virtual enterprise that is to operate electronically via the Internet, without being limited with physical boundaries and thus providing for the virtual communication between the seller and buyer and the deferred nature of transactions. Objectives As I hypothesize, financial infrastructure is crucial for the development of virtual entrepreneurship. The research verifies the hypothesis and determines how financial difficulties of the virtual entrepreneurship evolution may be tackled in modern Russia. Methods The methodological framework draws upon the method of problem, systems, structural, functional, comparative, regression and correlation analysis, and economic modeling. I also resort to methods of synthesis, induction, deduction, formalization, etc. Results I determined the conceptual basis for virtual entrepreneurship as an economic category, substantiated that this type of entrepreneurship should be advanced in Russia, proved financial barriers to exist in this area in Russia, and devised a financial model to bolster virtual entrepreneurship and subsequently overcome the above barriers. Conclusions and Relevance Currently, human factor plays a key role in the development of virtual business in Russia, since people are reluctant to make electronic payments, being an integral part of virtual entrepreneurship, and use them actively. The proposed financial tools allow changing the situation so to please both consumers and virtual enterprises, thus creating favorable conditions for their operations.
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