The Far East of Russia is a special place. Its proximity to the Asia-Pacific region, logistical advantages, vast natural resources and unspoiled nature provide unique opportunities for the creation and development of an extremely wide variety of business projects.
As part of the current system of state support for investment projects, today in the Far East everything possible is being done to enable entrepreneurs to work comfortably and to provide them with the transport, energy and engineering infrastructure that they need. Residents of the advanced special economic zones and the Free Port Vladivostok are provided with daily support for their business activities. In the regions of the Far Eastern Federal District, subsidiaries of the Corporation for the Development of the Far East have been, and continue to be, created. Work is currently underway to expand the range of services provided to investors, and to develop and implement new mechanisms to support business.
The Far Eastern Federal District of the Russian Federation includes eleven constituent entities:
The Far East has a total area of 6.9 million square kilometers, and occupies 41% of Russia. However, it has a population of the region of 8.2 million people, about 5.6% of the total population of Russia. The administrative centre of the Far East is Vladivostok.
The Russian Far East is historically and culturally connected with China, Japan, Mongolia, The Republic of Korea and the DPRK.
The development of the Far East is a national priority for the entire 21st century. The region is currently working on the creation of the necessary conditions for launching new industries and attracting investors. In the advanced special economic zones and the Free Port Vladivostok, more and more projects are being implemented in the shipbuilding, logistics, fish processing and port activities, agriculture, tourism and recreation sectors.
Comprehensive help desk support for residents of ASEZs and the FPV is provided by the Russian Far East and Arctic Development Corporation, whose activities are aimed at accelerating the social and economic development of the Far East. Business development and the creation of new jobs helps to attract residents from other regions of the Russian Federation and from abroad to the region.
Due to its favorable economic and geographical location, the Russian Far East is of particular importance in relations between Russia and the APR countries. The region, which is an important part of the transport corridor between Asia and Europe, has 29 seaports, and the longest railways routes pass through its territory. The Far East is home to immense mineral deposits of global importance: diamonds, oil and gas, gold, coal, and polymetals. The availability of these resources forms a powerful base for the organisation of major new industries and projects.
In its management of the advanced special economic zones and the Free Port Vladivostok, the Russian Far East and Arctic Development Corporation is demonstrating the competitive advantages of the region and creating tools and conditions to make starting up a business easier.