“As part of the agreement with the FEDC, 25 jobs will be created at the new enterprise, and by 2031 the staff will be expanded to 55 employees. Reducing insurance premiums from 30% to 7.6% will allow the resident to save more than 31.7 million rubles over 10 years. The company plans to reinvest the funds in business development and ensuring a competitive level of salaries. In addition, the FPV regime makes it possible not to pay taxes on income, land and property for the first five years. Together, the support measures will help the investor create a sustainable enterprise in a key industry for Chukotka,”- said Pavel Bakulin, Deputy Director of the Chukotka FEDC.