Investment memorandum
An investor implementing an investment project with the cost of 650 million rubles and more in the territory of the Samara region is entitled to conclude an investment memorandum with the Government of the Samara region.
Upon conclusion of the investment memorandum the investor will be provided with the state curator and the preferential treatment, including the provision of assistance in solving procedural questions related to organization of business in the Samara region, organization and giving presentations of the investment projects.
Subsidies
Investment legislation of the Samara region envisages the allocation of non-repayable and uncompensated subsidies from the regional budgetary funds for investors who produce goods (with the exception of excisable goods apart from motorcars and motorcycles), works and services in order to reimburse the expenses incurred during the implementation of the project.
The Government of the Samara region considers investors’ applications for providing subsidies for:
- 1.development of the utility infrastructure of the investment object (building and (or) reconstruction of water-, heat-, gas- and electric power supply systems, canalization, purification facilities, roads and access ways and (or) other offsite objects of utility systems and services);
- 2.training and re-training of people working for the investment project;
- 3.training or retraining of unemployed people for the industrial specialities within the framework of the implemented project;
- 4.payment of interest on investment loans issued to investors by credit organizations;
- 5.payment of leasing payments;
- 6.certification and (or) licensing of the products, registration of the rights on the results of intellectual activity;
- 7.performance of works on technological connection of power receivers of utility infrastructure facilities of SEZ “Togliatti”
- 8.performance of works on connection to sources of power supply during the implementation of investment projects;
- 9.construction and development of the infrastructure of industrial sites and industrial parks;
- 10.investors of monotowns are provided with subsidies for job creation;
- 11.other purposes.
Subsidies may be also provided by specialized ministries within the frameworks of federal and departmental special-purpose programs.
Tax privileges
|
Type of support |
Tax rate |
The Samara region |
Monotowns |
Special Economic Zone “Togliatti” |
|
|---|---|---|---|---|---|
|
Corporate property tax |
2.2% |
0% Project up to 100 million rub - 2 years Project from 100 to 500 million rub. - 4 years above 500 million rub – 5 years |
0% Project up to 100 million rub. - 4 years Project from 100 to 500 million rub. - 6 years above 500 million rub – 7 years |
0% during 10 years |
0% during 10 years |
|
Corporate profit tax |
20% |
13.5% Project from 100 to 500 million rub. - 4 years above 500 million rub. – 5 years |
13.5% Project from 100 to 500 million rub - 6 years above 500 million rub – 7 years |
2% till 2018 5% till 2020 9% till 2024 then 15.5% |
|
|
Transport tax |
depends on the type of transport vehicle |
depends on the type of transport vehicle |
depends on the type of transport vehicle |
0% for 5 years |
|
|
Land tax |
depends on the category of the land, not more than 1.5% |
depends on the category of the land, not more than 1.5% |
depends on the category of the land, not more than 1.5% |
0% for 5 years |
|
|
VAT |
18% |
18% |
18% |
0% |
|
|
Insurance contributions for compulsory insurance |
not more than 30% |
not more than 30% |
not more than 30% |
14% till 2017 21% in 2018 28% in 2019 |
|
|
Custom duties |
depends on the tax object |
depends on the tax object |
depends on the tax object |
0% |
|
|
Ways of R&D expenditures recognition, amortization |
accelerated |
Guarantees
Government guarantee of the constituent entity of the Russian Federation is a type of a debt security under which the constituent entity of the Russian Federation (guarantor) is obliged upon the occurrence of the event specified in the guarantee (guarantee event) to pay the person to whom the guarantee is issued (beneficiary) upon his written request the sum of money specified in guarantee from the budgetary funds of the constituent entity of the Russian Federation in accordance with the terms of guarantor’s obligation to be responsible for the fulfillment by the third party (principal) of its obligations towards the beneficiary.
Government guarantees ensure due performance of loan debtor’s obligations occurring due to the implementation of the investment projects in front of the creditor, they are provided on the basis of open tenders. In accordance with the budget legislation government guarantees are provided under the law on a budget for the corresponding financial year and for the target period.
Consultations
Investors implementing the investment projects in the territory of the Samara region are entitled to receive informational, organizational and legal support:
- assistance of governmental authorities of the Samara region when contacting federal governmental authorities, local self-governing authorities and organizations;
- assistance of governmental authorities of the region in selection of grounds and land plots in accordance with the characteristics of the investment project;
- provision of information on investment and innovation projects which are planned to be implemented in the territory of the Samara region, on vacant production spaces, land plots;
- provision of methodological assistance during organization of exhibitions and fairs of the investment projects, in organization of publication of information and analytical materials about the investment activity.
Private-public partnership
In the present conditions of budget deficit the vital task is to develop new instruments which will allow substituting budget investments to construction and upgrading of the infrastructure by private investments and, at the same time, to minimize financial expenses for these purposes.
Currently there is a structure of cooperation among the governmental authorities of the Samara region, local self-governing authorities, state enterprises and possible private partners during structuring and implementation of projects with the use of the mechanisms of private-public partnership.
Exclusive implementation scheme is designed for each PPP project. In particular, inter-departmental work group is formed and it analyses if it is rational to use the PPP model, works out a road map, forms the legal, organizational and financial project implementation schemes as well as provides support at each stage of project implementation. The work group consists of the representatives of governmental authorities, local self-governing authorities and other interested departments in accordance with the industry and territory affiliation of the project.
Currently the work is in progress on three contractual-legal forms:
- concession agreements concluded in accordance with the Federal law “On concession agreements”;
- Private Public Partnership agreements concluded in accordance with the Federal law “On Private Public Partnership, Municipal Private partnership in the Russian Federation and Amendments to some regulatory acts of the Russian Federation”;
- Contractual forms (investment agreements, investment memorandums, agreements for social and economic cooperation, tenancy agreements, leasing agreements etc.)
Successful results of the Samara region’s work on implementing the projects with the use of PPP mechanisms are proved by the facts given in PPP Rating 2014, prepared by PPP Development Center with the assistance of the Ministry of economic development and trade of the Russian Federation
Information on PPP projects
Development institutions in the region
Samara
business incubator
Togliatti innovation – technological
business incubator
Samara region Business Support
Guarantee fund
Regional center for the development of
the Samara region business
JSC “Industrial Parks”
Samara regional
microfinance fund
Innovation fund of
the Samara region
Investment attraction agency of
the Samara region
Information and consulting
agency of the Samara region
Samara regional leasing
company for medium and small business
Regional
Innovation center
Center of innovative
development and clusters initiatives
Development institutions in the Russuan Federation
(Vnesheconombank)"">
State Corporation
"Bank for Development and
Foreign Economic Affairs
(Vnesheconombank)"
The Russian Direct
Investment Fund
The Russian Agency
for Export Credit and
Investment Insurance
VEB Asia
The Russian
Export Center
Fund for development
of mono-cities
Federal Project
Finance Center
VEB Leasing
VEB Engineering
VEB Innovations fund
Eximbank of Russia
GLOBEX Bank
Russian Bank
for Small and Medium
Enterprises Support
Sviaz-Bank
Useful related links
