RUSSIAN SPECIAL ECONOMIC ZONES

Transcription

1 RUSSIAN SPECIAL ECONOMIC ZONES a JSC Special Economic Zones St. Petersburg 31 March 2011

2 SEZ is a large-scale federal project A Special Economic Zone is a part of the Russian Federation territory determined by the Russian government with exclusive terms and conditions for business: Introduced in Russia in 2005 and successfully used since then as a mechanism for attracting foreign direct investments In Russia there are 24 special economic zones of four types: four industrial special economic zones four special economic zones for innovation 13 special economic zones for tourism and recreation three port special economic zones 2

3 Special economic zones in Russia Industrial and production zones Technology and innovation zones Kaliningrad Region Moscow Region Sverdlovsk Region Moscow Ulyanovsk Murmansk Tourist and recreational zones Port zones Tomsk Moscow Republic of Tatarstan Togliatti St. Petersburg Lipetsk Region The North Caucasian federal district Stavropol Region 3 Republic of Altai Altai Region Russkiy island Republic of Buryatia Irkutsk Region Khabarovsk Region

4 Advantages for investors in SEZ Special administrative regime Free customs zone regime Tax incentives Ready to use infrastructure Discounts for land acquisition and office lease Accelerated depreciation option On site relations with governmental authorities, Single window approach to provision of government services No import duty, refundable VAT Reduced profit tax. Property, land, and transport tax exemption for up to 10 years. State guarantee from adverse tax changes. Reduced rate of social insurance contributions tax (for innovation SEZ only.) Investors are provided with land and office buildings with all the utility connections necessary Reduced land and office lease rates, a right to acquire the leased land at a fraction of the registered price Investors of industrial SEZ and SEZ for tourism and recreation are entitled to apply accelerated depreciation rates for fixed assets 4

5 Free customs zone regime Foreign countries The Customs Union (Russia, Belarus, Kazakhstan) No import duties and VAT for equipment, raw materials and components Special Economic Zone No export duties and VAT for finished goods 5

6 Tax incentives* Russia Profit tax % 20 15,5 ** Property tax % 2,2 0** Land Tax % 1,5 0** Transport Tax ( per horse power) SEZ ** Social insurance contributions % (for innovation SEZ only) 34 14*** Land acquisition price 100% of the market price 4 50% of cadastral price * Life span of 20 years except for port SEZ (49 years) ** Tax holidays guaranteed by regional authorities for up to10 years ***Through

7 Access to all necessary infrastructure Electricity Heat supply Water supply Gas supply Customs Office space Transport and logistics Communication networks 7

8 Obtaining SEZ resident status Step #1 Registering a local legal company Preparing business plan Obtaining from a bank a comfort letter on the business plan Filing application (10 days) Step #2 Step #3 Expert Council approval (30 days) Signing of Investment Agreement (10 days) Step #4 8

9 Special economic zones in Russia Innovation zones St. Petersburg Total area 129 hectares instrument engineering medical technologies electronics nanotechnologies information and communication technologies Saint Petersburg Russia s second largest city high concentration of scientific and educational institutions Dubna Total area hectares nanotechnologies biotechnology nuclear technologies information technologies electronics & communication proximity to Moscow high level of education: 30% population involved in science related sectors Zelenograd Total area 150,4 hectares information technologies nanotechnologies microelectronics and optoelectronics bioengineering and biosensor technologies proximity to Moscow in an established science centre access to ample supply of highly qualified labor force Tomsk Total area 207 hectares communication equipment medical technologies information technologies electronics & instrument engineering one of the largest educational centers of Russia a diversified science centre 9

10 Saint Petersburg St. Petersburg Total zone area 129 hectares including Noidorf and Novoorlovskaya sites State investments: already invested US $ 186 mln. planned over US $ 618 mln. 37 investors on site: committed investments US $ 1.6 bln. already invested US $ 6.6 mln. Including Rakurs Engineering, Biokad, Novartis 10 Existing facilities and infrastructure : Office space (Noidorf) sq. meters Infrastructure (engineering, communication, water, etc.): Noidorf completed Novoorlovskaya to be completed by Q Customs infrastructure in progress (Noidorf)

11 Special economic zones in Russia Industrial zones Lipetsk Region Total area hectares chemical industry construction materials electric and energy machinery construction domestic appliances and trade equipment situated in the center of most developed European part of Russia situated in the center of Russia s largest steel production and metal processing cluster Samara Region Total area 660 hectares automotive industry transportation equipment machine tool building precision engineering long time traditions of machinery & equipment construction highly qualified workforce 11 Republic of Tatarstan Total area hectares automotive industry construction materials FMCG chemical and petrochemical industry advantageous geographical and transport location situated in the centre of Russia s largest automotive cluster Sverdlovsk Region Total area 721 hectares automotive industry medical technologies chemical industry aircraft construction, shipbuilding, rocket science industrialized region rich natural resources

12 Special economic zones in Russia Port zones Ulyanovsk port zone Total area 290 hectares aircraft MRO aircraft re equipment, conversion, assembling logistics pilot training (to be considered) located in the centre of the European part of Russia focus on increasing demand for foreign made aircraft MRO in Russia and CIS countries well trained and highly skilled local personnel Sovetskaya Gavan port zone Total area 120 hectares port operations (cargo handling, bunkerage, ship repair yards) logistics seafood processing focus on Asian Pacific region rapid development natural harbor and available land plots for development potential increase of railroad capacities potential development of mining and wood processing industries in adjacent regions Murmansk port zone Total area 3050hectares port operations (cargo handling, bunkerage, ship repair yards) logistics seafood processing existing deep water port with access to North and Trans Arctic sea routes natural harbor and available land plots for development potential demand for port facilities and inland bases for the Arctic oil field development and servicing potential expansion of railroad connections 12

13 Special economic zones in Russia Touristic and recreational zones Total zones area hectares sport and extreme tourism cultural entertainment recreational tourism business tourism ecological tourism sea resort spa resort balneological resort unique natural and ecologically clean areas including those in Altai, Baikal lake and others consistently increasing flow of domestic tourists rising interest of foreign tourists to unexplored Russian territories from foreign tourists 13

14 Investors in SEZ (total committed investments $ 10+ bln) Number of investors in special economic zones 32 investors in industrial zones 31 investor in tourist zones 200 investors in innovation zones Including 33 foreign companies from 19 countries 14 4

15 New developments in Russian SEZ Production in the innovation SEZs allowed (after R&D results are received) Minimal investment threshold lowered for industrial and port SEZs Sufficient local value added principle for duty free exports into the Customs Union Customs procedures on importation of goods into SEZ to be further simplified Maximum life span for SEZ to be extended Residency status considerations to be simplified for SMEs The qualified staff annual salary requirement to be reduced from the current RUB 2 mln. (for work permit purposes) 15

16 Contacts Joint Stock Company Special Economic Zones , Russia, Moscow, Tverskoy parkway, 6 Tel: +7 (495) Fax: +7 (495) Alexander Temkin Deputy CEO atemkin@oao oez.ru Branch Office of Joint Stock Company Special Economic Zones in St. Petersburg , Russia, Saint Petersburg, Strelna, Svyazy street, 34 Tel: +7 (812) Fax: +7 (812)