A socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 155 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

RC personal account
Восстановление пароля
Введите адрес электронной почты или телефон, указанные при регистрации. Вам будет отправлена инструкция по восстановлению пароля.
Некорректный формат электронной почты или телефона
News
14.07.2020

Arctic to Become Special Economic Zone with Wide Range of Tax Breaks and Business Preferences

The Federal Law on State Support of Entrepreneurial Activity in the Russian Arctic Zone has been adopted by the State Duma and approved by the Federative Council of the Russian Federation. According to the document, the Russian Arctic becomes a special economic zone with a wide range of tax breaks and other business preferences. These measures are to stimulate well-paid job creation in the Arctic through increasing the number of new enterprises. 

“Arctic zone possesses great economic potential, supported by natural riches and human resources. Creating appropriate conditions for its development is an important strategic task for the government,” noted Anton Kobyakov, Advisor to the President of the Russian Federation.

The law includes a number of preferences for Arctic zone residents, including tax breaks, partial compensation of insurance fees, as well as severance tax exemption equal to the amount of infrastructural investments.

“We believe the preference law in the Arctic has a great future. Apart from federal budget tax breaks, it includes various regional taxation discounts, such as profit, property, or land taxes up to their complete annulment. Evidently, Arctic territories will vary in terms of size and duration of the offered discounts, yet it matters most that they are available. Significant support is offered to the projects outside of mineral resource extraction: we are talking about decreasing insurance fees to 7.6%. This is just one example of preferences from a long list that no other country can boast. We are confident these breaks can inspire business development in the Arctic, most importantly job creation in the region,” said Alexander Kozlov, Minister for Development of the Russian Far East and the Arctic.   

The Russian Arctic Zone that now is comprised of 4 territories of the Russian Federation, plus 45 municipal districts. Rules of the Free Customs Zone defined by the Customs Code of the Eurasian Economic Union and the Federal Law will be enacted in the Arctic. 

Additional support measures are included for the indigenous small-numbered peoples of the area. 

Analytics on the topic