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Priority Social and Economic Development Area (PSEDA) is a territory with a special legal status providing for certain tax benefits and administrative preferences for investors. 

PSEDA activities are governed by Federal Law on Priority Social and Economic Development Areas in the Russian Federation No. 473-FZ of December 29, 2014 (RUS).

PSEDAs are established to create beneficial preconditions to attract investments, to ensure accelerated social and economic development and to make the life of local population more comfortable.   

 Sosensky (a single industry town) is located in the eastern part of Kozelsk district, KALUGA Region.  

On November 13,  2017 the Government of the Russian Federation issued Decree N. 1370 On Establishment of  Sosensky Priority Social and Economic Development Area. PSEDA establishment in the entire territory of Sosensky is to become an efficient mechanism to attract investors to the town.  PSEDA beneficial conditions for business and availability of qualified personnel in the town are to compensate the investors’ costs caused by a greater distance between Sosensky and economically developed northern part of Kaluga Region. 

List of business activities included in the All-Russian Economic Activities’ Classifier (OK 029-2014 (KDES Ver. 2), which are subject to special legal status  for implementation of projects by residents in Sosensky PSEDA:

Territories with a special business legal status offer certain tax benefits and administrative preferences to investors.

Lower taxes and reduced insurance payments are guaranteed to PSEDA residents implementing new investment projects.

For more detailed information please visit PSEDA residents’ benefits.

Want to start a business in PSEDA or get more information on terms and conditions? — submit an application and we will contact you in one business day!