Regulations

The regulatory framework aimed at establishment of the favorable investment climate in the region has been developed in Chukotka Autonomous Region. The current regulatory framework contains rules protecting the rights of investors, mechanisms for supporting the investment activities and guarantees against deterioration of the investor position.

In compliance with the law of the Russian Federation, investment entities irrespective of their ownership form are provided with the following guarantees (Part I Article 1 of the Law of Chukotka Autonomous Region No. 28-OZ of May 05, 2015 "On State Support of Investment Activities on the Territory of Chukotka Autonomous Region"):

  1. equal rights for performance of investment activities;
  2. publicity in discussion of capital investment projects of Chukotka Autonomous Region (hereinafter – capital investment project);
  3. the right to appeal to the court against decisions and actions (omissions) of the public authorities, local self-government bodies and their officials;
  4. protection of capital investments.

If any legal acts of Chukotka Autonomous Region are enacted, which provisions deteriorate tax conditions for implementation of capital investment projects in comparison with the effective tax liabilities as of the start of the capital investment project, which received the status of a regional or significant capital investment project in accordance with the established procedure, provisions of the legal acts of Chukotka Autonomous Region effective at the time when the capital investment project was awarded the status of a regional or significant capital investment project shall apply (Part I Article 1 of the Law of Chukotka Autonomous Region No. 28-OZ of May 5, 2015 "On State Support of Investment Activities on the Territory of Chukotka Autonomous Region").

Law of Chukotka Autonomous Region on support of investment activities

Law of Chukotka Autonomous Region No. 28-OZ of May 5, 2015 "On State Support of Investment Activities on the Territory of Chukotka Autonomous Region" capital investment projects in the part of

regional capital investment projects;
significant capital investment projects.

Law of Chukotka Autonomous Region No. 47-OZ of May 18, 2015 "On Some Issues of Tax Regulation in Chukotka Autonomous Region";

The decision of the Board of Deputies of Anadyrsky municipal district No. 13 of October 25, 2008 "On Approval of the Provision on the Land Tax on the Territory of Anadyrsky Municipal District";

The decision of the Board of Deputies of Anadyr urban district No. 9 of September 29, 2014 "On Approval of the Provision on the Land Tax on the Territory of Anadyr Urban District";

The decision of the Board of Deputies of Chaunsky municipal district No. 17-rs of November 23, 2015 "On Establishment of the Land Tax on the Territory of Pevek Urban District"

in the part of residents:
the territory of the "Beringovsky" Advanced Special Economic Zone;
free port Vladivostok on the territory of Pevek urban district

A set of tax benefits and other preferences was established for investment entities

Tax benefits and other preferences for business entities

reduced corporate income tax rates

participants of the regional capital investment projects, participants of the significant capital investment projects, residents of the "Beringovsky" Advanced Special Economic Zone, residents of the Free port of Vladivostok on the territory of Pevek urban district

reduced corporate property tax rates

residents of the "Beringovsky" Advanced Special Economic Zone, residents of the Free port of Vladivostok on the territory of Pevek urban district

reduced mineral replacement tax rates

participants of the regional capital investment projects, residents of the "Beringovsky" Advanced Special Economic Zone, residents of the Free port of Vladivostok on the territory of Pevek urban district

reduced land tax rates

residents of the "Beringovsky" Advanced Special Economic Zone, residents of the Free port of Vladivostok on the territory of Pevek urban district

reduced rates of insurance contributions into extra-budgetary funds

residents of the "Beringovsky" Advanced Special Economic Zone, residents of the Free port of Vladivostok on the territory of Pevek urban district

application of the free customs zone procedure

residents of the "Beringovsky" Advanced Special Economic Zone, residents of the Free port of Vladivostok on the territory of Pevek urban district