MIL OSI Translation. Region: Russian Federation –
Photo by E. Samarin. Mos.ru
Under the terms of the Agreement, the investor will build a pharmaceutical factory in the Technopolis Moscow special economic zone, and in return will receive a guarantee that the conditions of state support will remain unchanged.
The first Investment Protection and Promotion Agreement (SZPK) was signed in Moscow. Thanks to him, a modern pharmaceutical enterprise will be built at the Alabushevo site in the Technopolis Moscow special economic zone. The concluded Agreement guarantees the investor the invariability of the conditions of state support.
The agreement was signed by the Ministry of Economic Development of the Russian Federation, representatives of regional authorities of nine constituent entities of Russia and representatives of the applicant companies.
“The Agreement on the Protection and Promotion of Investments is a new effective tool for supporting investors. Stabilization of legislation, guarantees of its immutability create comfortable conditions for conducting investment projects, significantly improve the investment climate. At the regional level, Moscow will independently be able to conclude an SZPK from April 2, 2021. We expect that the new mechanism for protecting and encouraging investment will be in demand and will have a positive effect on the development of the city’s economy, ”said the Deputy Moscow Mayor for Economic Policy and Property and Land Relations
The minimum investment in projects for NWPC concluded with the participation of the Russian Federation is different for each industry. Depending on the volume of investments, agreements are signed for a period of six to 20. “The term of the Agreement signed today between the Government of Russia, Moscow and LLC R-Opra will be six years. Investments in the project – 8.5 billion rubles, of which own capital investments – 2.3 billion rubles. Under the Agreement, the investor is guaranteed the invariability of land, town planning and tax legislation. In addition, a guarantee of state support for this period is assigned to him. The city, together with the federal authorities, undertakes obligations to compensate for damage in cases of changes in legislation, as well as in the case of making decisions that will entail a change in the timing and amount of state support for the investor, “explained the head Department of Investment and Industrial Policy of the City of Moscow Alexander Prokhorov…
The R-Opra company has already received a permit from the capital to build a plant on the territory of a special economic zone. Here, for the investor, regional property taxes, profits, and transport tax will be zeroed.
In addition to Moscow, the Amurskaya, Vologda, Leningrad, Kaliningrad, Oryol, Tver regions, Krasnodar Territory and the Republic of Tatarstan signed the first federal Agreements on the protection and encouragement of investment.
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There are 180 high-tech companies concentrated in the Technopolis Moscow special economic zone, 79 of them have resident status. Among the enterprises are manufacturers of microelectronics, optical solutions, composites, medical devices and equipment, pharmaceuticals, IT solutions, energy efficient technologies, inspection and educational equipment, as well as air disinfection systems and refrigeration equipment. According to the results of the IV National rating of investment attractiveness of special economic zones of the SEZ “Technopolis” Moscow “” entered the top three of the best special economic zones of technology and innovation type.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.