Investment Declaration

 

The Investment Declaration of the Republic of Crimea was developed in order to:

  • create conditions for advanced investment development of the Republic of Crimea;
  • achievement of the national development goals of the Russian Federation approved by Decree of the President of the Russian Federation No. 474 dated July 21, 2020 "On the National Development Goals of the Russian Federation for the period up to 2030".

The Republic of Crimea creates favourable conditions for subjects of investment activity on the territory of the Republic of Crimea in accordance with the current legislation, and provides state support for the implementation of investment projects.

The 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, are: the operation of a free economic zone on the territory of the Republic of Crimea; the development of public infrastructure at the expense of federal target programs, state programs; the development of industrial infrastructure through the creation of 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 achieving the national development goal of at least 70% by 2030 compared to 2020.

The instrument for achieving the main goal of the investment development of the Republic of Crimea are:

  • 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 800 billion rubles in fulfillment of the order of the President of the Russian Federation Putin V.V. dated April 7, 2021 No. Pr-536;
  • increase in the volume of exports of the Republic of Crimea;
  • implementation 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 standards;
  • improving the efficiency of the use of measures of state support for investment activities in the territory of the Republic of Crimea;
  • assistance in increasing the total volume of professional training.

 

The presence of a number of competitive advantages and a favourable investment climate create the necessary conditions for the effective implementation of large investment projects in the Republic of Crimea.

A developed engineering and transport infrastructure has been created in the Republic of Crimea.

The territory of the region is provided with networks of engineering infrastructure, which makes it possible to provide energy resources not only to the local population, but also to free capacities for the implementation of projects in promising sectors of the economy.

In turn, the territory of the Republic of Crimea allows developing such a promising direction as "green energy" due to the climatic zone of the region and a large number of sunny days a year.

It is important to note that the region has an inexhaustible potential of alternative (solar energy, wind energy, etc.) energy sources, and today this area is included in both the republican and All-Russian agenda, has acquired the character of a global environmental and economic trend.

A new international airport "Simferopol" has been created on the territory of the region, which has allowed increasing passenger traffic, which has a positive effect on all spheres of the economy of the republic.

The Republic of Crimea has an extensive transport network, which includes highways of federal, regional and local significance, railways.

Thus, within the framework of the state program "Socio-economic Development of the Republic of Crimea and Sevastopol", the federal highway "Tavrida" was built, which allowed reducing logistics costs for small and medium-sized businesses, as well as enterprises within the framework of large infrastructure projects in the region.

In addition, the "Tavrida" highway gave an impetus to the development of the roadside infrastructure of the Republic of Crimea.

In turn, it is worth noting that the Republic of Crimea has a well-developed railway transport network and the possibility of railway transport passing through the Crimean Bridge has appeared, which also has a positive effect on the economy of the region.

There are 4 seaports operating on the territory of the Republic of Crimea - Kerch, Yevpatoria, Feodosia and Yalta, which are provided with the necessary engineering infrastructure facilities.

These ports have the infrastructure, necessary equipment for cargo transshipment and related services, which makes it possible to provide a wide range of loading and unloading operations with cargo following export-import and coastal directions.

In addition, two seaports - "Feodosiya Commercial Port" and "Kerch Commercial Port" have access railways and are ready to carry out transshipment from both motor transport and railway wagons.

In the Republic of Crimea, measures are being implemented aimed at creating ready-made industrial sites with already existing supporting infrastructure, which significantly reduces the construction time of facilities, the creation of new high-performance jobs and the receipt of tax deductions to the budget of the region.

Already today, in accordance with the state program of the Russian Federation "Socio-economic Development of the Republic of Crimea and Sevastopol", approved by the Decree of the Government of the Russian Federation dated January 30, 2019 No. 63, two industrial parks "Bakhchisaray" and "Feodosiya" are being built in the region.

The "Bakhchisaray" Industrial Park with a total area of 97.25 hectares is located in the northern part of the urban district of Bakhchisaray, along the federal highway "Tavrida". The distance to the railway station is 4 km, the type of park is greenfield. The specialization of the industrial park is the construction industry, warehouses.

The "Feodosiya" Industrial Park with a total area of 122.37 hectares is located in the western part of the territory of the Feodosiya urban district, on the border with the Kirovsky district along the Simferopol-Feodosiya highway of regional significance. The distance to the railway station is 14 km, the type of park is greenfield. The specialization of the industrial park is production, logistics.

With the support of the Council of Ministers of the Republic of Crimea, the first state industrial park "Dzhankoy" was created. The purpose of the creation of the industrial park "Dzhankoy" on the basis of the existing property complex is the placement of small and medium-sized businesses in various fields of activity, the creation of conditions for their effective work on the organization of new high-tech industries, the creation of conditions for stimulating investment activity in the territory of the Republic of Crimea, attracting investment, creating conditions for sustainable long-term socio-economic development of the territory, increase of tax revenues to the budget of the region.

The Dzhankoy Industrial Park with a total area of 25.9 hectares is located in the southern part of the Dzhankoy urban district, in an industrial zone. The distance to the railway station is 0.45 km. The type of park is brownfield. The specialization of the industrial park is universal. Industrial, warehouse and administrative real estate facilities are located on the territory of the park. Railway tracks are also located on the territory of the Industrial Park "Dzhankoy".

In order to create favourable conditions for doing business and attracting investment in the Republic of Crimea, measures are being implemented in the Republic to create a base of investment sites of state, municipal and private forms of ownership located on the territory of the Republic of Crimea.

You can get acquainted with the register of investment sites of the Republic of Crimea on the "Investment Portal of the Republic of Crimea" (hereinafter referred to as the Investment Portal) by clicking on the link https://invest-in-crimea.ru in the "Offers" section.

 

State support of investment activity in the territory of the Republic of Crimea. The presence of preferential regimes on the territory of the Republic of Crimea.

The implementation of investment projects in the territory of the Republic of Crimea is carried out in accordance with the Law of the Republic of Crimea dated July 2, 2019 No. 624-ZRC/2019 "On Investment Policy and State support for Investment activities in the Republic of Crimea" (hereinafter - Law No. 624-ZRC/2019), Resolution of the Council of Ministers of the Republic of Crimea dated October 07, 2014 No. 368 "On some issues of Implementation of investment projects in the Territory of the Republic of Crimea" (hereinafter - Resolution No. 368).

Law No. 624-ZRK/2019 establishes the forms of state support for investment activities, in particular financial property, organizational support for investment activities.

Resolution No. 368 provides for the provision of land plots in municipal ownership and in the ownership of the Republic of Crimea, as well as property owned by the Republic of Crimea, for the implementation of projects in the region for rent without competitive procedures.

An effective mechanism of state support for investors in the territory of the Republic of Crimea is the Free Economic Zone (hereinafter referred to as the FEZ). Federal Law No. 377-FZ of November 29, 2014 "On the Development of the Republic of Crimea and the Federal City of Sevastopol and the Free Economic Zone on the Territories of the Republic of Crimea and the Federal City of Sevastopol" provides for a number of tax benefits and preferences, in particular:

  • reduction of the corporate income tax rate: federal budget – 0% for 10 years; Crimean budget - 6% or 13.5% (depending on the type of activity in accordance with the Law of the Republic of Crimea dated December 29, 2014 No. 61-ZRC/2014 "On setting the corporate income tax rate on the Territory of the Republic of Crimea");
  • exemption from payment of corporate property tax for 10 years;
  • exemption from payment of land tax by organizations participating in the FEZ - in respect of land plots located on the territory of the FEZ and used for the purpose of fulfilling the agreement on the implementation of activities in the FEZ, for 3 years from the month of the emergence of ownership of each land plot;
  • reduced contributions to social and pension compulsory insurance of employees in the aggregate amount of 7.6 %;
  • the possibility of applying accelerated depreciation with a coefficient of 2 in relation to own depreciable fixed assets;
  • application of the free customs zone procedure;
  • the possibility of obtaining preferential loans for the implementation of an investment project in priority areas of development of the Republic of Crimea;
  • provision of land plots without bidding.

 

In order to improve the efficiency of working with investors, effective business support mechanisms are being introduced on the territory of the Republic of Crimea, which is a significant incentive for investors.

In order to introduce new mechanisms of state support for investment activities in the territory of the Republic of Crimea, it is planned to change the regulatory legal framework of the Republic of Crimea by introducing the concepts of large-scale and priority investment projects, and establishing criteria for such projects.

The Republic of Crimea, in accordance with the current legislation of the Russian Federation and the Republic of Crimea, guarantees the protection of the rights and interests of business and investment entities, including:

  • non-deterioration of the conditions for the implementation of investment projects in accordance with Article 17 of the Law of the Republic of Crimea dated July 2, 2019 No. 624-ZRC/2019 "On Investment Policy and State Support for investment activities in the Republic of Crimea" and Article 16 of the Federal Law of November 29, 2014 No. 377-FZ "On the Development of the Republic of Crimea and the City of Federal Significance Sevastopol and the Free Economic Zone on the territories of the Republic of Crimea and the federal city of Sevastopol";
  • compliance with the algorithms of the investor's actions to join the infrastructure within the framework of the Code of Investment Rules of the Republic of Crimea;
  • protection of the rights and legitimate interests of subjects of investment activity, as well as prompt resolution by the Investment Committee of the Republic of Crimea of investor's disagreements and disputes with the executive bodies of state power of the Republic of Crimea, local self-government bodies of municipalities in the Republic of Crimea, authorized organizations for the implementation of investment projects in the territory of the Republic of Crimea in a pre-trial procedure;
  • public availability of information on measures of state support for investment activities on the territory of the Republic of Crimea, with the exception of information constituting a state and other secret protected by federal law, for investors, by posting information on the official Portal of the Government of the Republic of Crimea and the Investment Portal of the Republic of Crimea;
  • strict compliance with the conditions for providing investor support measures in the Republic of Crimea;
  • ensuring competitive allocation of resources for the implementation of investment projects on the territory of the Republic of Crimea;
  • increasing the income level of the population of the Republic of Crimea by attracting investment into the economy of the region.
     

 

Approved by Decree of the Head of the Republic of Crimea No. 272-U dated 11.09.2014 ( ed. from 20.06.2023)

 
 

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