Economic Development Agency of Leningrad Region provides free support for investment projects in the territory of Leningrad region on the «one-stop-shop» principle, which allows simplifying work on implementation of investment projects, reducing administrative barriers while preparing documents, accelerating the process of obtaining information. The main task of the Agency is to provide comfortable interaction between investors and representatives of public authorities.
Public-private partnership (PPP) is one of the most important mechanisms for development of public infrastructure based on long-term cooperation between a state and business during which a private party (business) participates not only in creation (design, financing, construction/reconstruction) of an infrastructure facility, but also in its further operation and/or maintenance for the benefit of a public party.
The PPP legislation of the Russian Federation consists of:
Committee for Economic Development and Investment Activity of Leningrad Region carries out functions concerning participation of Leningrad region in public-private partnership and concession agreements.
In accordance with the regional law of Leningrad region of 25.11.2003 No. 98-oz On Property Tax, organizations which conclude concession agreements with Leningrad region do not pay property tax on real estate under the concession agreement.
According to the PPP rating of Russian regions prepared by PPP Development Centre together with the Chamber of Commerce and Industry of the Russian Federation and the Agency for Strategic Initiatives, Leningrad region occupies the 16th place.
Effective measures of government support of investment projects in Leningrad region are based on the advanced system of investment legislation of the region. Investment legislation of Leningrad region is aimed at establishing favourable conditions for attraction of investments and support for investment projects implementation in the region.
Tax benefits in Leningrad region are granted in accordance with the law of 29.12.2012 No. 113-oz On Government Support for Organizations Undertaking Investment Activity in Leningrad Region and Amending Certain Legal Acts of Leningrad Region.
To receive tax benefits an investment project has to meet several conditions. “Investment project” is defined by legislators as placement of new and/or expansion of already existing production capacities in Leningrad region.
Conditions for obtaining tax benefits in Leningrad region:
Types of tax benefits
|Volume of investment||Period of granting benefits|
|From 50 to 500 million rubles inclusive*||4 years|
|From 300 to 500 million rubles inclusive||4 years|
|From 500 million to 3 billion rubles inclusive||5 years|
|Over 3 billion rubles**||6 years|
|Over 3 billion rubles***||8 years|
|Over 5 billion rubles****||3 years|
* Only for Lodeynopolsky, Podporozhsky and Boksitogorsky municipal districts
** Except producers of automobiles, machinery and equipment
*** For producers of automobiles, machinery and equipment (OKVED code (Russian National Classifier of Economic Activities) 29.1, 28)
****For OKVED code 19.2 to organizations included in consolidates group of taxpayers
The Government of Leningrad region grants the following subsidies:
Legal basis for support:
Conditions for granting support:
Advantages of undertaking trading activity in Leningrad region:
1. There are no similar support measures for trading activity in any subject of the Russian Federation.
2. Favourable investment climate of Leningrad region, its geographic location and foreign economic relations allow developing trading activities.
3. Consulting and informational support for organizations prior to receiving exemptions and within contract duration.