Address of the Head of the Republic of Crimea on the Crimean Investment Climate
Dear colleagues, investors and entrepreneurs!
Creating a favourable investment climate and attracting investment is the result of Government work of the Republic of Crimea!
The sanctions regime has been in force against the republic for 8 years. Despite this, active work is being carried out to ensure optimal conditions for attracting investment into the economy of the republic and the successful implementation of investment projects.
The Crimean Government has carried out extensive work aimed at improving the investment climate in the territory of the Republic of Crimea, creating the most favourable conditions for the implementation of investment projects, and attracting investment in general.
To date, investment activity in the Crimea is not only not decreasing, but its growth is also observed, the number of investment projects that are in the works is constantly increasing both at the pre-investment stage and directly at the investment stage.
Within the framework of investment agreements in the region:
The most attractive industries for investment:
For 2021:
Within the Free Economic Zone:
Prospects for the development of the Republic of Crimea, which help the investor to make a decision on investing in investment projects,
planned for implementation on the territory of the Republic of Crimea:
Operation of the Free Economic Zone on the territory of the Republic of Crimea;
Development of public infrastructure at the expense of federal targeted programs, state programs;
Development of industrial infrastructure by creating industrial parks of a wide specialization profile;
Provision of financial support through the provision of infrastructure budget loans; implementation of measures to stimulate housing development programs of the subjects of the Russian Federation (Incentive program) within the framework of the regional project of the Republic of Crimea "Housing"
The main goal of the investment development of the Republic of Crimea is to increase the real growth of investment in fixed assets as a contribution to the achievement of the national development goal by at least 70 % by 2030 compared to 2020.
Tools for achieving the main goal of investment development of the Republic of Crimea:
attraction of investment in fixed assets (with the exception of investment at the expense of the federal budget) in the Republic of Crimea in the amount of at least RUB 800 billion in fulfillment of the order of the President of the Russian Federation V.V. Putin dated April 7, 2021 No. Pr-536;
increase in the volume of exports of the Republic of Crimea;
introduction of a system to support new investment projects in the Republic of Crimea
("Regional Investment Standard");
development of innovative sectors of the economy of the Republic of Crimea;
increase in private investment;
creation and development of industrial parks on the territory of the Republic of Crimea;
improving the competitiveness of the economy of the Republic of Crimea;
improving the standard of living of the population;
improving the efficiency of the use of state support measures
investment activity in the territory of the Republic of Crimea;
assistance in increasing the total volume of professional training
If there are any difficulties in the implementation of the investment project, the Government of Crimea is ready to consider and resolve the investor's problematic issues within the framework of the Investment Committee, established at the beginning of this year, as well as within the framework of the "INVEST HOUR"
Over the past year, the Government has launched a number of new promising mechanisms that give subjects additional opportunities to launch investment projects.
In addition, work is constantly underway to improve the regulatory framework in the field of investment activities and FEZ.
On March 8 of this year, amendments to Federal Law No. 377 came into force.
To obtain the status of a participant in the Free Economic Zone in the Crimea, it is enough for organizations to have a branch or representative office on the peninsula. These changes will definitely contribute to attracting investment into the region's economy, new production facilities and jobs will be created.
On March 17 of this year, my order approved a plan of priority measures to increase the stability of the economy of the Republic of Crimea in the face of sanctions. The plan includes measures, including support for system-forming enterprises, support for economic sectors, entrepreneurship, and investment activities.