Special Economic Zone Specific Features

Pursuant to a regulation of the government each special economic zone has a special legal status. Thus, its residents enjoy a number of tax and customs benefits and enjoy guaranteed access to utilities, transport and business infrastructure. The costs of investors implementing projects in special economic zones are lower by 30-40% on average as compared to projects implemented elsewhere.

The Federal law on special economic zones provides for a whole set of tax and customs benefits for investors, namely:

  • special administrative regime (minimal bureaucracy, one-stop-shop principle);
  • ready infrastructure for business development;
  • land plots can be acquired at special prices; special conditions for office rent;
  • special tax regime (a set of tax benefits);
  • special customs regime (special economic zone);
  • the possibility to use accelerated depreciation methods;
  • legal guarantees to protect investors' rights (laws are not subject to change)

 

A decision to establish a special economic zone in a territory of a region/regions of the Russian Federation  shall be issued by the Government of the Russian Federation.

Special economic zones are established for a period of 49 years. 

Sites

Investment digest

Analytical materials