RUB 124 bln of private investments into Free Port of Vladivostok have been confirmed
RUB 124 bln of private investments into Free Port of Vladivostok have been confirmed, IAA PortNews cites Anna Akparova, Deputy to Presidential Plenipotentiary Envoy to the Far Eastern Federal District, as saying at the VII annual conference “Barriers and Growth Areas of Russia’s Transport Industry” in Moscow.
Federal Law of the Russian Federation (No 212-FZ) "On the Free Port of Vladivostok", came into force on October 12, 2015. Free Port regime provides for a wide range of preferences and tax benefits.
To acquire a status of FPV resident a company must be incorporated within the territory of Vladivostok Free Port and invest at least RUB 5 mln within 3 years.
Far East Development Corporation JV was defined by RF Government as a company to manage Priority Socio-Economic Development Areas (PDAs) and the Free Port of Vladivostok, 100% of which is held by the Russian Government.
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