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Decree of December 28, 2021 No. 2514

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Decree of December 28, 2021 No. 2514

The minimum amount of capital investments required to obtain the status of a resident of the free port of Vladivostok has been reduced from 5 million to 500 thousand rubles. The decree on this was signed by the Chairman of the Government Mikhail Mishustin. The decision made will make it easier for businesses to obtain resident status and will allow attracting additional investments in the development of the territory.

The Free Port of Vladivostok enjoys special customs, tax and administrative regulations. The territory includes 16 municipalities of the Primorsky Territory, including the territories and water areas of seaports located on the territories of these municipalities.

It also applies to the Vaninsky and Sovetsko-Gavansky municipal districts in the Khabarovsk Territory, the Korsakovsky and Uglegorsky urban districts in the Sakhalin Region, the Pevek urban district in the Chukotka Autonomous Okrug and the Petropavlovsk-Kamchatsky urban district in the Kamchatka Territory.

Among the benefits to which residents of the free port of Vladivostok are entitled, 5% – income tax for 5 years (0% to the federal budget and no more than 5% to the regional), 0% – land tax for 5 years, 0 % – property tax for 5 years and from 0.5% in the next 5 years.

As additional preferences, a reduced time for conducting control checks and obtaining permits for capital construction projects, a single window mode when passing control at the border, round-the-clock operation of checkpoints, and a simplified visa regime are provided.

The signed document changes Government Decree on October 20, 2015 No. 1123.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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