Participants of Free Economic Zone to Approve the List of Jobs for Persons Involved in Implementation of Investment Projects

Ministry of economic development of the Republic of Crimea
09 November 2018

Pursuant to the amendments introduced into the Tax Code of the Russian Federation, participants of the free economic zone are to update Section III of the investment policy statement, which contains the information on the number of the staff required for investment project implementation. Starting from January 1, 2019, the participant is to agree the list with the governing bodies of the free economic zone at location of such participant.

In accordance with the provisions of subclause 11 Clause 1 (as amended from January 1, 2019) and subclause 5 Clause 2 Article 427 of the Tax Code of the Russian Federation, reduced rates of insurance payments totaling to 7.6 % are applied by the FEZ participants only to the payments and other remunerations to individual persons involved in implementation of an investment project in FEZ.

According to the Ministry of Finance of the Russian Federation, the investment policy statement of a FEZ participant contains exhaustive information as on the quantity of jobs to be created, and the total quantity of jobs of individuals required implementing an investment project. This information is contained in the Feasibility Study, and in Clause 3.11 of Section III of the investment policy statement.

Therefore, to agree the List of jobs taken by individuals involved in investment project implementation in FEZ with the FEZ governing bodies, the FEZ participant just needs to update the information in the investment policy statement.

The Ministry of Economic Development of the Republic of Crimea recalls that before the end of 2016 filling of Section III of the investment policy statement was not obligatory for FEZ participants. That is why the investment policy statement does not contain Section III, it is necessary to fill it with up-to-date information.

The data in the investment policy statement is updated through an addendum to the agreement on for the operation environment in FEZ. According to part 27 of Article 13, Federal Law dated November 29, 2014 No. 377-FZ "Concerning Development of the Republic of Crimea and the City with Federal Status Sevastopol in the Free Economic Zone in the Territory of the Republic of Crimea and the City with Federal Status Sevastopol", an addendum is executed in the same manner as the contract.

For consultation please call: +7 (3652) 544-294; 544-520. 

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