1 / 15

THE MINISTRY FOR ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

The SME Support Measures in Russia. THE MINISTRY FOR ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION. SMEs Criteria. THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION. The Federal Law « On Development of Small and Medium Entrepreneurship in the Russian Federation ».

mcbryde
Download Presentation

THE MINISTRY FOR ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The SME Support Measures in Russia THE MINISTRY FOR ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

  2. SMEs Criteria THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION The Federal Law«On Development of Small and Medium Entrepreneurship in the Russian Federation» Micro Enterprises Small Enterprises Medium Enterprises up to 15 employees 16-100employees 101 – 250employees annual turnover up to$2,1 mln annual turnover up to$14mln annual turnover up to$35 mln 2

  3. The SME Sector Main Indicators THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION 1,7 mlnmicro, smallandmediumenterprisesand4,1 mln private entrepreneurs 17 mln employed in the SME sector25% of total employment (2010) 21% - share of SMEs in Russia’ GDP 3,2% - the SME sector growth in 2010 Main problems: √ Administrative burdens√Expensive credits√Decreasing of number of SMEs in monotowns 3

  4. SME Support Measures THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION The Finance Support Program under the Ministry for Economic Development of Russia Reduction of Administrative Burdens SMEs Finance & Credit Access The Finance Support Program under the Government Corporation «Vnesheconombank» Easing Taxation Access to Government Procurements Access to Real Estate Assets 4

  5. SME Support Measures THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION Administrative Regulation Measures • Start-up of business with a simple notification procedure • Any inspection is fulfilled one time in three years • Number of licenses for SMEs has been decreasing 5

  6. SME Support Measures THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION The Government Procurements • 20% quota is reserved for SMEs • Guarantee deposit is reduced 6

  7. SME Support Measures THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION Access to Real Estate Assets • The privatization program for SMEs • Specialized list of public real estate assets in state and city levels exists for SMEs • Special benefits to innovative SMEs founded by Universities 7

  8. SME Support Measures THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION • Taxation • 5% tax on income or 6% tax on turnover • Single tax for trade and personal services SMEs 8

  9. SME Support Measures • The Finance Support Program under the Ministry for Economic Development of Russia • Grants for start-up • Guarantee Funds • Microfinance Organizations • Leasing • Export-oriented SMEs • Infrastructure (business incubators, industrial parks, tech-parks) • Trainings • Annually above 100 000 new jobs THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION 9

  10. SME Support Measures • Guarantee Funds • 80 entities at all in Russia • 70% max. loan guarantee • 300 bank – partners • $ 13 mln – max. loan • $ 10 mln – max. guarantee THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION 10

  11. SME Support Measures • Microfinance Organizations • 67 microloan offices in Russia • 16 000 microloans for SMEs • $ 17 500 average loan THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION 11

  12. SME Support Measures • Support of Innovative SMEs • $ 17 000 grant • $ 170 000 subsidy for new equipment, know-how and training • Up to $ 2 mln subsidies from venture funds e.g. the Russian Venture Company, Rosnano • about 1000 innovative SMEs are set up by Universities in Russia THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION 12

  13. SME Support Measures • Support of Export-oriented SMEs • $ 34 000 grant • Loan subsidies • Subsidies for exhibition activity • Export Support and Consulting Centers in the Russian regions THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION 13

  14. SME Support Measures The Finance Support Program under the Government Corporation «Vnesheconombank» THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION GC «Vnesheconom-bank» Russian Development Bank Bank-partners (91) SME SME $1,3bln Leasing companies (67) SME Factoringcompanies (8) SME Microfinance organizations (18) • $ 3,5 bln program fund • in 82 Russian regions 14

  15. THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION Thank You for Attention! • The Ministry for Economic Development of the Russian Federation • The SME Development Department • tel: +7-495-695-53-05 • fax: +7-495-695-51-76 • Web: www.economy.gov.ru

More Related