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NEW TOOL OF THE STATE SUPPORT NOW AVAILABLE FOR INVESTORS IN SVERDLOVSK REGION

Investors operating in Sverdlovsk Region are eligible for special tax privileges and a protection from potential changes in the legislation by signing a Special Investment Contract with the Government of Sverdlovsk Region.

The Special Investment Contract (SPIC) is a tool of the State support for the industry players - it is indeed an agreement where an investor, on one side, is committed to establish a manufacturing and the State, on the other side, is obliged to support the project. While the Federal Investment Contract (to be signed with the Ministry of Industry of the Russian Federation) is offered only for the projects worth at least 750 million roubles, the regional SPIC has softer requirements.

If a company starts a business in Sverdlovsk Region it should invest 300 million roubles (approx. 5 million dollars) in order to apply for the regional SPIC contract.

According to the Contract the Property tax will be waived for the business as well as the Income tax will be lowered to 13,5% (together with the Federal part it will become 16,5% instead of 20%). Should the Government of Sverdlovsk Region and the company reach certain agreements during negotiations they may included it into the Contract to “lock” the “rules of the game”.

The SPIC of Sverdlovsk Region could be signed for projects in the following fields: machine-building (transport, agriculture, food industry), machine tool industry, metallurgical sector, chemistry, pharma, biotech, medicine, light manufacturing, timber, pulp-and-paper and woodworking, consumer electronics, aviation, shipbuilding, energy sector, telecom industry and electronic equipment.

The Development Corporation of Middle Ural is providing assistance to investors in applying for the measures of the State support. Please contact the DCMU by phone +7 (343) 385-95-58 or through the website www.investural.com for further consultations.

 
20 March 2017, 10:00
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