Russia will launch a tool to protect investments

The Prime Minister of the Russian Federation approved the regulation on the state information system (GIS) "Capital investments". Its launch will speed up the conclusion of agreements on the protection and promotion of capital investments (SZPK ), as well as simplify their maintenance.

The development of the system will take place in several stages. Trial operation will begin on June 1. Basic functionality has already been provided for signing agreements on the protection and promotion of investments in electronic form. This will not only simplify their signing, but also increase the safety of trade secrets.

In the future, the new GIS will be linked to the main information systems. On the basis of Capital Investments, monitoring of the implementation of agreements, reimbursement of expenses to investors and provision of tax deductions will be organized.

The new information system is being developed by the Federal Tax Service. The functional customer is the Ministry of Economic Development. In the future, the state information system should become a single solution for attracting private capital to new investment projects, a navigator of state support measures for business.

The SZPK mechanism, which guarantees the unchanged conditions for the implementation of large investment projects, became available to businesses in the fall of 2020. This tool has a key role to play in the restart of the investment cycle planned by the Government.