The meeting was part of a series of introductory events regularly held by the Far East and Arctic Development Corporation (FEDC) for those interested in learning about the unique business environments in the special economic zones of the Far East and North: 18 advanced development territories, the Free Port of Vladivostok, the SAR, the KIRF, and the Arctic zone of the Russian Federation.
The discussion focused on the specifics of obtaining residency status, tax and administrative benefits, and answers to questions from entrepreneurs.
Andrey Fedorov, from the Investment Department of the FEDC, touched on investment and infrastructure opportunities for project implementation in his presentation.
Elizaveta Luzina, Deputy Director of the Arctic Zone of the Russian Federation's Investment Project Support Department, spoke about business preferences in the Arctic Zone of the Russian Federation at a meeting with prospective investors. She noted that over 1,000 companies and entrepreneurs in the North have resident status. Over 90% of these are small and medium-sized businesses.
Pavel Sheika, Director of the Special Administrative Region (SAR) Support Department, presented the potential of the Kuril Islands. He noted that the state offers the longest tax deferral for residents here—20 years. Land is also available within the SAR without a tender, and it is possible to import foreign goods without paying duties or VAT.