About corporation

About the Corporation

The Corporation makes use of state support mechanisms to help with the implementation of investment projects aimed at creating new businesses, speeding up economic development and improving the quality of life for residents of the Russian Far East and Arctic regions, and is implementing a range of socially important initiatives:

  • it attracts investors to the Far East and Arctic regions and provides them with assistance and comprehensive support;
  • it operates preferential regimes for conducting business activities in the Far East and Arctic regions;
    • the Advanced Special Economic Zones (ASEZ);
    • the Free Port Vladivostok (FPV);
    • the Arctic Zone of the Russian Federation (AZRF);
    • the Special Administrative Region (SAR) on Russky Island;
    • the Kuril Islands.
  • it creates utilities infrastructure for investors and residents taking advantage of the preferential regimes;
  • it works together with companies under public-private partnerships (Far Eastern and Arctic Concession agreements);
  • it helps investors and residents taking advantage of the preferential regimes to recruit professional staff;
  • it takes part in the implementation of various state policies and programs aimed at improving the quality of life for residents of the Russian Far East and Arctic:
    • the Hectare program, under which citizens are offered free land plots in the Far East or Arctic;
    • the Far-Eastern Mortgage program;
    • the Far Eastern Quarter program, aimed at developing residential construction;
    • the development of comfortable urban environments;
    • the development of education.
© Russian Far East and Arctic Development Corporation, 2024