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Preferences for investors

Preferences for investors

Our region can offer a lot of preferences to potential investors:

Regional tax exemptions for the enterprises the projects of which are included in the State Regional Investment Program of the Vologda Region. The procedure of inclusion of investment projects in the State Regional Investment Program and granting of regional tax exemptions are regulated by the following laws:

  1. The regional law ¹211-OZ of November 12, 1997, “On the State Regulation of Investment Activities in the Form of Capital Investments within the Vologda Region”.
  2. The regional law ¹781-OZ of April 30, 2002, “On the Reduction of the Corporate Income Tax Rate for Some Groups of Taxpayers”.
  3. The regional law ¹842-OZ of November 15, 2002, “On the Transport Tax”.
  4. The regional law ¹968-OZ of November 21, 2003, “On the Corporate Property Tax”.
  5. The regional law ¹ 3023-OZ of April 2, 2013, “On the Investment Tax Credit”.

Regional tax benefits for the enterprises the projects of which are included in the State Regional Investment Program of the Vologda region

Tax Rate (concerning the part which goes to the regional budget) Tax benefit duration
Profits tax 13.5% (instead of 18%) up to 5 years
Property tax 0% (instead of 2.2%) up to 5 years
Road tax 0% up to 5 years

Proposed municipal preferences for the enterprises the projects of which are included in the State Regional Investment Program of the Vologda region:

  1. Reduction of the land tax rate.
  2. Construction of a road to the investment site.
  3. Reduction of cost for utility hook-up.
  4. Hot line for investors.
  5. Minimization of administrative barriers for implementation of investment projects.