The State Duma Committee supported the draft law on simplification of obtaining the status of a SEZ resident

Deputy Minister of Economic Development of Russia Sergey Galkin at a meeting of the State Duma Committee on Economic Policy presented draft laws on amending the federal law on special economic zones (SEZ) and on amending the tax code of the Russian Federation. The proposals were supported by the State Duma committee.

“The draft law proposes to simplify the procedure for obtaining the status of a SEZ resident, simplify the administration of the SEZs themselves and combine several types of SEZs. For the creation, management of the SEZ and the transfer of certain powers, a single document will be concluded between the Ministry of Economic Development, the management company, the region and the municipality. This will reduce the time by several months,” Sergey Galkin said.
 
The Deputy Minister also noted that the draft law proposes to replace the business plan with an investment project passport when applying for residency.

“Such “flexibility” of the mechanism will make it possible to make a decision on an investor in 15 days instead of the current 40. At the same time, the importance of fulfilling agreements for residents is growing - there is a restriction on the purchase of a land plot. The investor will receive the right to buy out the site only in case of construction of an object specified in the agreement on it,” the Deputy Minister emphasized.
 
“The committee recommended that the draft law be adopted in the first reading. The discussion was attended not only by deputies of the Committee on Economic Policy, but also by the regions: Sverdlovsk Region SEZ "Titanium Valley", Tomsk Region SEZ "TVT "Tomsk", Ulyanovsk Region "Port Special Zone "Ulyanovsk", Republic of Tatarstan SEZ "Innopolis" and SEZ "Alabuga", Moscow region SEZ "Dubna", Lipetsk region SEZ "Lipetsk" and Stavropol Territory.

The bill will improve the system of administration of the SEZ, expand the rights of residents of the Special Economic Zones. It will become easier for businesses to obtain resident status. Open new, including import-substituting industries, receive tax benefits, develop, create new jobs, and thus improve the quality of life of citizens,” said Maxim Topilin, Chairman of the State Duma Committee on Economic Policy.