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Territory of advanced social and economic
        development Pikalevo


         Information about
         the territory:
                                           Requirements
         Established by a Decree of the    to an investment
         Russian Government in 2018        project:                 Saint Petersburg
                                                                                             Tikhvin   Pikalevo
         10 years                          <25%   foreign
                                                 labor force
         period of operation
                                           from 10 jobs                                  Boksitogorsk
         100,000 people
         labor potential                   from 2.5 million RUB                            Pikalevo  Boksitogorsk: 25 km
         (Pikalevo, Boksitogorsk, Tikhvin)                                                 Pikalevo  Tikhvin: 40 km
                                                                                           Pikalevo  Saint Petersburg: 244 km
                                                                       Specialisation:
           Taxes and payments    First 5 years    Next 5 years
                                                                            Crop production,     Wood processing,
           Corporate property  0% (instead of 2.2%) 1.1% (instead of 2.2%)  animal husbandry     production of paper,
                                                                                                 furniture, wood
                                                                            Extraction of sand,   products
           Corporate income   5% (instead of 20%)  10% (instead of 20%)     clay, stone
                                                                            Production of food   Printing industry,
                                                                            and beverages        chemistry
           Land value tax             0% (instead of 1.5%)
                                                                            Production of textile   Production of metal,
                                                                            and leather          rubber, plastic and
           Payments to extra-        7.6% (instead of 30.2%)                products, clothes    other finished goods
           budgetary funds



                                                                                               Investor’s guide to Leningrad region    13
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