Investors in the Far East and the Arctic will get new benefits

In May there will be a new program of preferential crediting For Far Eastern and Arctic investors who will invest in the project of 1 billion and will create minimum 250 jobs.  "RG" told the head of Alex Minvostokrazvitiya Chekunkov about this.

"This is a new mechanism. Loans at a preferential state-subsidized rate in 2022 are planned to be provided to companies implementing investment projects in the Far East and the Arctic, according to the decision of the Presidium of the Government Commission on the socio-economic development of the Far East and the State Commission on the Development of the Arctic, respectively.  It is planned that the program will start in May, "- said Chekunkov.

The Ministry of Development of the Far East and the Arctic are already collects applications from banks and projects that are interested in the program of preferential lending to investors, along with the approval of the government subsidy rules.

"10.5% of the market rate will be subsidized. That is, for example, with a market loan rate of 20% per annum, the actual rate for the borrower will be 9.5% per annum. The formula for calculating the subsidized part of the rate is half the key rate of the Central Bank plus 2%" , the minister said.

Chekunkov noted that it is planned to provide loans at subsidized rates to investors implementing projects from 1 billion rubles and involving the creation of more than 250 new jobs during the operation phase. He also added that the program is part of a set of priority measures to support the Russian economy, implemented by the government of the Russian Federation.

 "According to preliminary estimates, in the first stage, the program will support a few dozen high-priority investment projects aimed at creating new production capacities and infrastructure," - said Chekunkov.

In total, more than 3,000 projects in various industries worth more than 7 trillion rubles are being implemented in the Far East and the Arctic. More than 234 thousand new jobs are being created, of which 97.9 thousand have already been created.

Earlier, at an operational meeting with deputy prime ministers, Russian Prime Minister Mikhail Mishustin said that it would now be possible to apply for a subsidized loan for a project in the Far East or the Arctic, which would provide at least 250 jobs and launch the project within the established time limit. About 30 billion rubles will be allocated for such purposes, and the established enterprises will be able to provide more than 30,000 new jobs, Mishustin noted.

An investor support system is already operating in the Far East and the Arctic. Territories of advanced social and economic development have been created, thanks to which the investor will receive tax benefits and administrative preferences. Due to the Free Port of Vladivostok mechanism, one can receive tax benefits for the first five years of business operation, as well as use special customs, tax and administrative regulation regimes.

The Arctic has created the largest economic zone in Russia and the world with a single set of preferences for investment activities, where one can get unique tax benefits, as well as use a number of simplified administrative procedures (scheduled inspections and free customs zone). The Corporation for the Development of the Far East and the Arctic provides support for all projects in preferential territories and also helps with the search and training of employees.


Source: RG.RU