In partnership with the ministry for the development of the russian far east
In 2016, a comprehensive set of new conditions were introduced for investing and doing business in russias far east: advanced special economic zones (asezs), vladivostok free port, targeted infrastructure support, and concessional financing for projects (up to 5% per annum in roubles).
The application of new tax and administrative regulations is already enabling russias far east to compete freely with leading economies in the asia-pacific region and with other regions of russia for investment resources. Russias far east can offer projects with a return on investment surpassing the market average, as well as access to natural resources and a qualified workforce.
The first results are already in: following the adoption of the new development tools in 2016, 24 new enterprises were launched; in 2017 the figure will be 75, with a total of 280 in the coming three years. To what extent are new development tools required, and what influence do they have on the investment market? What are the russian far easts competitive advantages in comparison with asia-pacific countries and other regions of russia? What impact are the free port and asez schemes having on projects? How does accessible financial support for projects in russias far east work in practice?