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MIL OSI Translation. Region: Russian Federation –

Photo: Evgeny Samarin

This is 42 per cent more than in 2018.

Last year the residents of the special economic zone “Technopolis “Moscow”” due to the tax benefits, saved nearly 800 million rubles. According to the Deputy Mayor for economic policy and property and land relations Vladimir Efimov total amount of tax credits for last year amounted to 792 million rubles — this is 42 per cent more than in 2018.

“The residents of the special economic zone “Technopolis “Moscow” are exempt from property tax, land and transport. In addition, companies can save 17 per cent on the income tax in its regional parts. Deductions to the Federal budget shall be made for them at a concessional rate of two percent instead of the usual three per cent[delete]. In total thanks to all the tools the residents of the special economic zone was able to save last year almost 800 million rubles,” — said Vladimir Yefimov.

Head Department of investment and industrial policy Alexander Prokhorov he added that in the companies — residents of special economic zone “Technopolis “Moscow”” in 2019, worked 6.2 thousand people — 12 percent more than in 2018.

“Last year the residents of the special economic zone “Technopolis “Moscow” have paid insurance contributions at a reduced rate of 28 percent instead of 30 percent. In the end, the total amount of savings for companies by the end of 2019 amounted to 220 million rubles,” — said the head of Department.

General Director of special economic zone “Technopolis Moscow” Gennady Degtev has noticed that the companies-residents work in the regime of free customs zone. It makes extensive use of foreign equipment and components.

“Total investment in fixed assets more than six billion rubles almost 17 million rubles, the company could not withdraw from the market due to the customs benefits in 2019,” — said Gennady Degtev

In Zelenograd will begin to produce rubies and sapphiresMoscow will produce the medical device for stoma patients

Special economic zone “Technopolis” consists of five sites with a total area of 206,8 hectares — the main venue in the printer, and “Alabushevo”, “Micron” and “Angstrem” and “MIET”. The company decided to become a resident, you can choose a ready production area by type brownfield or build own plant on the land sites located in Zelenograd, according to greenfield.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure will not be perfect.

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