The Cabinet will consider the project of improving conditions for entrepreneurs in the top

© RIA Novosti / Vladimir Mackinderite in photobacteria the government House. Archival photoThe Cabinet will consider the project of improving conditions for entrepreneurs in the top© RIA Novosti / Vladimir Mackinderite the image Bank

The government of the Russian Federation at session on Wednesday will consider the project of improving conditions for entrepreneurs in the areas of advancing socio-economic development (TOR), reported the press service of the Cabinet of Ministers.

«The purpose of the bill is the improvement of conditions for business and investment activity in territories of priority socio-economic development. The bill proposes to expand the list of matters that may be provided for in the agreement on the establishment of the TORUS», — stated in the message.

In particular, the agreement can be set the execution order of a region or municipality obligations on financing of infrastructure TOR. In addition, the agreement may be determined by the parties ‘ liability for non-performance or improper performance of specified obligations.

The document also provides for the inclusion in the boundaries of the TORUS parts of surface water bodies. This will allow the residents of TOR to carry out associated with the use of water bodies recreational activities, construction of hydraulic structures.

Resident priority development area or a Free port of Vladivostok receives a number of benefits: 0% profit tax during the first five years (20% under the General tax regime), and 12% for the next five years, 0% land tax during the first three years of 0% property tax during the first five years. In addition, the cumulative rate of insurance fees reduced by 10 years to 7.6% (30% in total). For residents of TOR available free customs zone regime. He, in particular, implies duty-free and tax-free importation, storage and consumption of foreign goods.

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