Residents of the Russian Arctic have invested almost 29 billion rubles in the economy of the Murmansk Region
The Corporation for the Development of the Far East and the Arctic (FEDC) took part in the annual Conference of Entrepreneurs of the Murmansk Region, organized by the OPORA RUSSIA branch with the participation of the Union of Industrialists and Entrepreneurs of the Murmansk Region.
According to Alexander Shutov, director of the FEDC Murmansk, thanks to the adoption of a package of laws on a system of preferences in 2020, the Russian Arctic has become the world's largest economic zone with an area of almost 5 million square kilometers with a single set of preferences that surpasses the best European and Asian ones. As a result, today the Murmansk region is the leader in terms of the number of residents of the Arctic zone of the Russian Federation, there are already almost 200 of them. Investors have invested almost 29 billion rubles in the region's economy and created more than 2.1 thousand jobs.
“The main share among the residents of the Russian Arctic is small and micro businesses - out of 192 companies, more than 90% are SMEs, with almost a third of them implementing projects in the field of tourism. Investors, of course, are attracted by tax breaks and preferences. The most demanded are the compensation of insurance premiums in the amount of 75% and the receipt of a land plot without bidding. In addition - benefits on income tax, on property or on payment of the simplified tax system. A resident of the Russian Arctic who owns a land plot can also receive a land tax exemption,” said Alexander Shutov, director of the Murmansk FEDC.
As a result of the discussion, a draft resolution was created for interaction between business and authorities and further appeal to the legislators of the Russian Federation.
The Corporation for the Development of the Far East and the Arctic (FEDC) took part in the annual Conference of Entrepreneurs of the Murmansk Region, organized by the OPORA RUSSIA branch with the participation of the Union of Industrialists and Entrepreneurs of the Murmansk Region.
According to Alexander Shutov, director of the FEDC Murmansk, thanks to the adoption of a package of laws on a system of preferences in 2020, the Russian Arctic has become the world's largest economic zone with an area of almost 5 million square kilometers with a single set of preferences that surpasses the best European and Asian ones. As a result, today the Murmansk region is the leader in terms of the number of residents of the Arctic zone of the Russian Federation, there are already almost 200 of them. Investors have invested almost 29 billion rubles in the region's economy and created more than 2.1 thousand jobs.
“The main share among the residents of the Russian Arctic is small and micro businesses - out of 192 companies, more than 90% are SMEs, with almost a third of them implementing projects in the field of tourism. Investors, of course, are attracted by tax breaks and preferences. The most demanded are the compensation of insurance premiums in the amount of 75% and the receipt of a land plot without bidding. In addition - benefits on income tax, on property or on payment of the simplified tax system. A resident of the Russian Arctic who owns a land plot can also receive a land tax exemption,” said Alexander Shutov, director of the Murmansk FEDC.
As a result of the discussion, a draft resolution was created for interaction between business and authorities and further appeal to the legislators of the Russian Federation.
