Investment Declaration

1. The Investment declaration of the Republic of Crimea is produced in order to create a favorable investment climate and to establish principles of interaction between the authorities of the Republic of Crimea with the subjects of business and investment.

2. Legal regulation of the relations , of investment activity in the Republic of Crimea, rules by the Russian Federation Constitution, federal constitutional laws, federal laws, normative legal acts of the Russian Federation, international treaties of the Russian Federation, the Constitution of the Republic of Crimea, the laws of the Republic of Crimea and other normative legal acts of the Republic of Crimea.

3. The Republic of Crimea creates favorable conditions for the investment activities on the territory of the Republic of Crimea in accordance with the current legislation, as well as providing state support for investment projects.

4. Interaction of the Crimean authorities and the subjects of business and investment activities as well as activities of state authorities of the Republic of Crimea to ensure a favorable investment climate in the Republic of Crimea is based on the following principles::

  • equality - non-discriminatory approach to all subjects of business and investment activities within the predetermined priorities and public system;
  • involvement - participation of subjects of business and investment activities in the process of state decision-making and in the assessment of their implementation;
  • transparency - - publicly available documented information of state authorities of the Republic of Crimea (except for restricted information);
  • best practice - orientation of the administrative procedures and controls on the best in terms of interests of business and investment practices of interaction of the Russian Federation with the subjects of business and investment.

5. Full and unconditional protection of rights and interests in accordance with the Russian legislation and international treaties of the Russian Federation is given to the subjects of investment activity on the territory of the Republic of Crimea .

6. The Republic of Crimea in accordance with the legislation of Russian Federation and the Republic of Crimea provides the following guarantees to all subjects of investment activity, regardless of form of ownership::

  • ensuring equal rights in the implementation of investment activities;
  • transparency in the discussion of investment projects;
  • the right to appeal against the decisions and actions (inaction) of state authorities, local governments and their officials;
  • protection of capital investments.

7. Investments in the Republic of Crimea is not subject to nationalization and can not be subject to requisition or confiscation except in cases and in the manner provided by law.

8. The public authorities of the Republic of Crimea and local governments and their officials are not entitled to restrict the rights of investment activity subjects in selecting investment targets, except for cases stipulated by the Russian legislation.

9. In order to resolve contentious issues related to the implementation of investment projects on the territory of the Republic of Crimea, the subject of investment activity have the right to appeal to the Head of the Republic of Crimea, as well as to the Council of the investment climate improvement of the Republic of Crimea.

10.The Republic of Crimea of investment projects, including through the reduction and simplification of procedures related to the issuance of permits.

11. The state authorities of the Republic of Crimea and local governments of the Republic of Crimea, interacting with the subjects of investment activity in the prescribed manner considering their proposals , aimed at removing administrative barriers to the implementation of investment projects on the territory of the Republic of Crimea.

 

Approved by
Decree of the Head of the Republic of Crimea
Number 272-U of 11.09.2014