Russian Special Economic Zones and Prosperity Analysis slide image

Russian Special Economic Zones and Prosperity Analysis

5. Business environment a) Special economic zones in Saint Petersburg Total area 182.3 hectares (two sites): 40% . Noydorf 19.0 hectares ● Novoorlovskaya 163.3 hectares 35% Focus industries: 30% • Microelectronics 25% · Pharmaceuticals and medical 20% industries 20% • IT and telecom 15% • Energetics 10% • • Corporate income tax reduced to 15.5% . Incentives for resident investors: • Land tax exemption . Property tax exemption Transport tax reduced from 1-200 RUB/horsepower to 0 RUB/horsepower* • Customs free zone UNIVERSITY OF TURKU | pan-european institute *In Russia, the transport tax is determined by amount of horsepower in the car i.e. the engine's power 5% 2.2% 1.5% 0% 0% 0% 0% Profit tax (for the entire period of SEZ) General terms Property Tax (within 10 years from the date of registration) Terms of SEZ residents Land Tax (within 5 years. of the registration) 34 Russian Special Economic Zones
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