ADVANCED SPECIAL ECONOMIC ZONES

OPERATING ASEZs

The Advanced Special Economic Zones (ASEZs) in the Far East are set up under the Federal Law No.473-FZ ‘On the Advanced Special Economic Zones in the Russian Federation’ which became effective of 30 March 2015.

To date, 18 ASEZs have been created in the Far East:

  • ASEZ Khabarovsk (production, transport and logistics), Khabarovsk Territory.
  • ASEZ Komsomolsk (production), Khabarovsk Territory.
  • ASEZ Nadezhdinskaya (consumer goods and food industries, transport and logistics), Primorye Territory.
  • ASEZ Mikhailovsky (livestock, crop and food production), Primorye Territory.
  • ASEZ Bolshoy Kamen (production, shipbuilding), Primorye Territory.
  • ASEZ Priamurskaya (production, transport and logistics), Amur Region.
  • ASEZ Belogorsk (agroindustry), Amur Region;
  • ASEZ Mountain Air (tourism), Sakhalin Region.
  • ASEZ Yuzhnaya (agriculture, food production), Sakhalin Region.
  • ASEZ Kamchatka (tourism and recreation, port industry, agroindustry), Kamchatka Territory.
  • ASEZ Beringovsky, currently TAD Chukotka (mining industry), Chukotka Autonomous Area.
  • ASEZ Industrial park Kangalassy (chemicals, food and crops production), the Republic of Sakha (Yakutia).
  • ASEZ South Yakutia (mining industry), the Republic of Sakha (Yakutia).
  • ASEZ Neftekhimichesky (petrochemical industry), Primorye Territory.
  • ASEZ Amuro-Hinganskaya (consumer goods and food industries, tourism and recreation), the Jewish Autonomous Region.
  • ASEZ Nikolaevsk (fishing, water transport, equipment assembly and repairs), Khabarovsk Territory.
  • ASEZ Svobodny (gas chemical industry), Amur Region.
  • ASEZ Kurily (fishing industry), Sakhalin Region.

The law does not limit the number of ASEZs. Driven by the investment interest, new areas are to be established in the regions of the Russian Far East.

INVESTOR BENEFITS

  1. 0% income tax for the first five years, 12% for the next five years (Kamchatka Territory has 5% income tax);
  2. 0% land tax for the first five years;
  3. 0% property tax for five years and less than 2.2% for the next five years;
  4. 7.6% incentive insurance premium rates for investment projects implemented in the ASEZs;
  5. ‘Single window’ mode for the investor;
  6. Fast-track administrative procedures, including obtaining permits;
  7. Any audit of the investor by regulatory authorities subject to the consent of the Ministry for the Development of the Russian Far East;
  8. The right of a managing company to protect the resident in court.
  9. Free customs zone: no import and customs duties, fast and convenient customs procedures;
  10. Simplified procedures for attracting foreign labour (in case of local labour force shortages).
  11. Granting land for a project.

ASEZ MANAGING COMPANY

Far East Development Corporation is a managing company of FPV, where the Government of the Russian Federation is a 100% shareholder.