Заключение специального инвестиционного контракта

Special investment contract is concluded on behalf of Novgorod region by the Government of Novgorod region with a legal entity or an individual entrepreneur undertaking obligations to create or modernize and (or) to master manufacturing of industrial products in Novgorod region within the period written in the special investment contract on their own or with involving other persons.

Special investment contract is concluded for the period equal to the time during which the investment project reaches project operating profit according to the business plan of the investment project, increased by 5 years, but by no longer than 10 years.

Organizations participating in a special investment contract are given the following tax allowances in Novgorod region:
— Corporate profit tax allowance — tax rate of the corporate profit tax which is paid into the budget of Novgorod region is 13,5%;
— Corporate property tax allowance — taxpayers who are participants of special investment contracts are exempt from paying corporate property tax in relation to immovable and movable property which was built, reconstructed, purchased as the result of implementing special investment contract in Novgorod region;
— Transport tax allowance — tax rate for transport tax is 50% from the rate stipulated in article 3 of the Law of Novgorod region from 30.09.2008 No 379-OZ «On transport tax».

Terms of support

In the purpose of concluding a special investment contract, an investor is a person, who, on the day of the decision to conclude a special investment contract meets the following requirements:
— information about the person is registered in the Unified State Register of Legal Entities (for legal entities) or in the Unified State Register of individual Entrepreneurs (for individual entrepreneurs), or the person was created according to the legislation of a foreign state (hereinafter — a foreign person);
— the place of registration of the foreign person is not a state or a territory included into the list of the states and territories which provide a preferential tax regime and (or) do not provide disclosure and giving the information about financial transactions (offshore zones related to such foreign persons;
— the legal entity is not under the control of legal entities created in accordance with legislation of foreign states and their place of registration is a state or a territory included into the list of the states and territories which provide a preferential tax regime and (or) do not provide disclosure and giving the information about financial transactions (offshore zones related to such foreign persons;
— the person is not in the process of reorganization or liquidation and does not have any restrictions of economic activities because of administrative suspension of the activity;
— the person does not have any signs of bankruptcy stated in the legislation of the Russian Federation on insolvency (bankruptcy), and no insolvency (bankruptcy) proceedings have been initiated in respect to the person according to the legislation of the Russian Federation on insolvency (bankruptcy);
— the person does not have any unfulfilled obligations to pay taxes, fees, insurance premiums, penalties, fines, interest which are to be paid according to the legislation of the Russian Federation on taxes and fees;
— the person undertakes to invest into the implementation of the investment project (new stage of the investment project) at least 500 million rubles (excluding value added tax).

Support restrictions

Type of instrument

Tax incentives

Duration of support

Regular

Region

Novgorod Region

Body providing support

Authority Government of Novgorod region

Recipients of support

Micro enterprise (business)
Small enterprise (business)
Medium enterprise (business)
Large enterprise (business)
Individual entrepreneur
Exporter
Investor
Farm (peasant) economy

business plan of the investment project approved by the investor;

Application in the form according to annex 1 to the Procedure approved by the decree of the Government of Novgorod region from 02.11.2017 No 388 with annex:

copies of the documents certified by the investor which confirm investing at least 500,0 million rubles into the investment project (loan contract or preliminary loan contract with financing of the investment project or other documents which confirm the amount of the investments);

the proposed list of measures supporting activities in industry (hereinafter – support measures) from the list of measures stipulated in the legal acts of Novgorod region, municipal legal acts which the invertor suggests to include into the special investment contract;

suggested list of the obligations of the investor and (or) attracted person (if attracted).

Concluding a special investment contract

Terms of support

Support restrictions

List of documents required to receive support

Regulatory document