Special Economic Zones in Russia
The Special Economic Zones in Russia are established by the Russian government to attract foreign direct investment.[1] The privileges of special economic zones last for 49 years, and offer their residents a special legal status resulting in a number of tax and customs preferences.[1]
Russia has eighteen federal special economic zones (SEZs) and several regional projects. Federal SEZs in Russia are regulated by Federal Law # 116 FZ issued on July 22, 2005.[2]
There are MNCs among investors to Russia's SEZ, such as Yokohama[disambiguation needed], Cisco, Isuzu, Air Liquide, Bekaert, Rockwool[disambiguation needed] and many others.
History
Federal Law # 116 FZ was issued on July 22, 2005 to regulate SEZs.[citation needed]
Open joint-stock company OSJC "Special Economic Zones" was founded in 2006 to accumulate and implement world's best practices in developing and managing SEZ and promote Foreign direct investment (FDI) in the Russian economy. It is fully owned and funded by the Russian state. It managed fifteen to-be federal SEZs.[citation needed]
As of March 2010, Russia's federal SEZs host 207 investors from eighteen countries.[citation needed]
List of SEZ
List of special economic zones in Russia as of 2017:[3]
Industrial Production
Technology and development
Tourist and recreational
Logistics
References
- ^ a b "About The Project". eng.russez.ru (in Russian). Retrieved 24 June 2017.
- ^ "Special economic zone "Togliatti"". Trade Delegation of the Russian Federation in the United Kingdom. Retrieved 24 June 2017.
- ^ "Special Economic Zones". investinrussia.com. Retrieved 24 June 2017.