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The regulations of creation and functioning of Special Economic Zones in the Russian Federation

The regulations of creation and functioning of Special Economic Zones in the Russian Federation. Goals and objectives. Manufacturing industry development Advanced technology branches development New kinds of products manufacturing

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The regulations of creation and functioning of Special Economic Zones in the Russian Federation

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  1. The regulations of creation and functioning of Special Economic Zones in the Russian Federation Russian Federal SEZ Management Agency

  2. Goals and objectives • Manufacturing industry development • Advanced technology branches development • New kinds of products manufacturing • Commercialization of scientific-and-technologicaldevelopments • Fair competition betweenthe countries Russian Federal SEZ Management Agency

  3. Legal regulation of special economic zones creation • Federal Special Economic Zones Act №116 of the 22 july 2005 • Presidential edictof the Russian Federation on Federal Agency for Special Economic Zones №855 of the 22 july 2005 • Governmental regulation on Federal Agency for Special Economic Zones №530 of the 19 august 2005 • Governmental regulation on the approval of the realizationof the competitiveselectionof requests for SEZ creation №563 of the 13 september 2005 • Governmental regulation onthe approvalof the rules oflegalizationandfilingfor SEZ creation №564 of the 13 september 2005 Russian Federal SEZ Management Agency

  4. SEZ types • Industrial-manufacturing zones • Area no more than 20 km2 • Zone lifetime no more than 20 years • Allocation of the manufacturing objects • Capitalinvestmentno less than10 million €, for the first year – no less than 1 million € • Technology-promotional zones • Area no more than 2 km2 • Zone lifetime no more than 20 years • Technology-promotionalactivity conducting • Tourist-recreational* * Law changes are under development Russian Federal SEZ Management Agency

  5. SEZ creation procedure The beginning of the competition is announced by the order of Minister of Economic Development and Trade The superior executive body of government of constituent entity of the Russian Federation and the executive administrative body of municipal formationforward a requestfor creation of SEZinto Ministry ofEconomic Development and Trade of the Russian Federation Russian Federal SEZ Management Agency

  6. SEZ creation procedure Competitive Committee, approved bythe Minister ofEconomy Development and Trade of theRF order, realizesestimation and selectionof requests for creationSEZ, and alsoannouncesthe results of thecompetitionfor creation of SEZ The Governmentof the RFpasses the Regulationabout the creation of SEZ. In the 30-dayperiodafter this the Government of the RF, the superiorexecutivebodyof governmentof constituent entity of the RFandthe executive-administrative bodyof themunicipal formationwhereSEZ is createdconcludeagreementaboutthe SEZ creation Russian Federal SEZ Management Agency

  7. Administrativeregime • Financing of the creation ofSEZ infrastructureat the cost offederal, regionalandlocalbudgets • Realization of the “One Window”principle • Guarantee forresidentsagainstnegativechanges in theTaxes and Receipts Law of the RF • The owners of the real estatesituatedin thescope of the SEZterritoryhave right toredeemthe lands locatedundertheseobjects • Settlement of the disputes concerned withSEZ creation ordissolution, with status deprivation by SEZ residentsjudicially Russian Federal SEZ Management Agency

  8. Tax regime • Onorganizations profit taxinindustrial-manufacturing SEZ: • Acceleratedexpensesacknowledgement on the Research and Advanced Development • Accelerated amortisation • Liberalizationofexpenses transferto the future period • Reduced rate on the Unified Social Taxin technology-promotional SEZ • Exemption fromOrganizations Property Tax and Land Taxsince the registration Russian Federal SEZ Management Agency

  9. Customs treatment • Import of foreigngoodson the SEZterritorywithout paying of customs duties andVAT • Import of Russian goodson the SEZ territoryon terms of exportwith paying of excisesand without paying ofexport customs duties • Export of foreign and Russian goods from the SEZ territoryto the rest of the RF territorywith paying of customs duties,VATand excises • Export of foreign and Russian goods outside the RF customs territorywith paying ofimportduties, export dutiesin compliancewithexport treatment, without paying taxes Russian Federal SEZ Management Agency

  10. SEZ managing • The Russian Federal Special Ecomomic Zones Management Agencyand its territorial bodies • Supervisory Board • With the assistance ofrepresentatives of residents • Management Company • For real estate managing Russian Federal SEZ Management Agency

  11. SEZ resident • Individual entrepreneurorprofit-making organization • Registeredon the territoryof municipal formationinside of which SEZ is situated • Concludesagreement withSEZ managing bodies onconductingindustrial-manufacturingortechnology-promotionalactivity • Has no right to haverepresentatives and subsidiaries outside SEZ Russian Federal SEZ Management Agency

  12. Cost reductionfor organizations Russian Federal SEZ Management Agency

  13. General Information Saint Petersburg Dubna Zelenograd Tomsk Elabuga Lipetsk Special Economic Zones

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