These incentives are available to legal entities and individual entrepreneurs doing business in Russia, including in the special economic zones, by entering into so-called special investment contracts. Main financial incentives deriving from special investment contracts can thus take the form, among others, of tax concessions, support for R&D and innovation, stable tax burden and legal requirements, or subsidies at the federal, regional, and municipal levels.
Specifically, a special investment contract is concluded between a private investor and a public entity for a period of up to 10 years, and it provides for the investor’ s obligation on upgrading or establishment of a manufacturing facility or enterprise, and, on the other, the public entity’ s obligation to uphold the agreed incentive measures. The minimum investment amount for entering into an investment contract is set at RUB 750 million, and in order to be eligible an investor will need to provide a project’s business plan and a copy of the investment agreement.
For the Russian text of Resolution 708 see: http://files.ctctcdn.com/4efb842b001/d8f716e5-38b0-4f9a-bf02-8591c3bcb2ef.pdf