Arctic Zone of the Russian Federation

• Commercial companies and individual entrepreneurs with the registration in the territory of the Arctic Zone of the Russian Federation can apply for the status of AZRF resident.
• The minimum amount of capital investments in the investment project should be at least one million rubles (excl. VAT).
• The investment project or area of activity should be new for the Applicant for the date of filing an Application.
• A new project is a project where, for the date of application, the amount of capital investments is at least 25% of the total amount of investments scheduled according to the business plan (excluding the costs for extraction licenses) (if any)
• For the date of application, the Applicant should not be under reorganization, liquidation or bankruptcy.
• The Applicant should not have any debts on taxes and fees, social security payments to the state extra-budgetary funds of the Russian Federation, as well as debts on other mandatory payments to the budgetary system of the Russian Federation for the preceding calendar year, with the value exceeding 25% of the book value of the Applicant's assets

1. Application

2. Copies of incorporation documents (for legal entities)

3. Business plan

4. Investment project schedule

5. Tax registration certificate

6. Tax clearance certificate

7. The applicant's financial reports for the preceding 3 years

or for the period of operations (if this period is shorter than 3 years)

8. Staff list

9. Tax revenues as a result of the investment project (see template)

10.

Prepared documents may be submitted electronically via the Investor’s Personal Account. Submit the documents through the Personal Account.

The procedure of AZRF residents registration is as simple as possible and subject to special rules, which is for the convenience of the potential investor: it takes up to 37 days

1. The period for reviewing the application is 10 business days from the date of application;
2. The Managing Company shall notify the applicant upon the results of the application review;
3. The Managing Company sends the applicant a draft agreement on investment activities;
4. The applicant signs the agreement and sends the document back to the Managing Company;
5. The Managing Company signs the agreement on its part;