Financial support for investors
There is a wide range of financial support for investors in Crimea: subsidies, soft loans, leasing, and others.
Subsidies to compensate for part of the costs of loans received for the development and maintenance of the enterprise, including the renewal of fixed assets (with the exception of loans received for the purchase of passenger vehicles) — 6 % per annum.
Subsidies to compensate for part of the costs under financial lease agreements concluded for the development of the company's activities, including for the renewal of fixed assets (except for leasing agreements for the purchase of passenger vehicles) — 10% of the amount of the advance or first lease payment (excluding VAT). Read more on the website of the Ministry of Finance of the Republic of Crimea.
Guarantees for loans from commercial banks up to 70% of obligations, bank guarantees for up to 5 years and other support measures from the Crimea Guarantee Fund.
Loans without hidden fees up to 5,000,000 ₽ for up to 36 months. More information on the website of the Microfinance Entrepreneurship Fund of the Republic of Crimea.
In addition, it provides leasing and helps small and medium-sized businesses to develop JSC "Regional Leasing Company of the Republic of Crimea". The rate is 6% per annum for domestic equipment and 8% per annum for imported equipment. You can learn more about the programmes on the website.
Investor's guide Republic of Crimea 2020.