Anastasia Zhuk, Director of the Investment Project Support Department in the Arctic Zone of the Far East and Arctic Development Corporation: "Construction raw material extraction projects reduce the need for imported materials, which significantly optimizes production costs in the northern logistics conditions. Residents of the Arctic Zone preferential regime enjoy preferential tax rates and administrative benefits. The Far East and Arctic Development Corporation supports investment projects at all stages of implementation, helping entrepreneurs resolve all related issues."
Investors in the world's largest preferential zone—the Arctic Zone of the Russian Federation—have been provided with favorable conditions for implementing their business ideas. Project investments start from 1 million rubles, and preferential property, land, and profit taxes apply for the first 10 years. A 75% subsidy on insurance premiums for newly created jobs applies for the first 10 years.