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Special Economic Zone Specific Features

Pursuant to a regulation of the government each special economic zone has a special legal status. Thus, its residents enjoy a number of tax and customs benefits and enjoy guaranteed access to utilities, transport and business infrastructure. The costs of investors implementing projects in special economic zones are lower by 30-40% on average as compared to projects implemented elsewhere.

The Federal law on special economic zones provides for a whole set of tax and customs benefits for investors, namely:

 

A decision to establish a special economic zone in a territory of a region/regions of the Russian Federation  shall be issued by the Government of the Russian Federation.

Special economic zones are established for a period of 49 years.