Investments in investment projects were protected at the legislative level in Tatarstan

First Deputy Prime Minister of the Russian Federation Andrey Belousov noted the work of the Republic of Tatarstan on the prompt adoption of legislative initiatives necessary to protect investors' investments.

In turn, the Government of the Republic of Tatarstan adopted a number of legislative acts providing for a set of measures to ensure the protection of capital investments by stabilizing the regulatory environment for a period of 6 to 20 years.

The Law on SZPK will allow creating predictable conditions for the implementation of projects for investors and obtaining the expected result through a “stabilization clause” for 6, 10.15 or 20 years, depending on the volume of capital investments provided for in the project and areas.

Throughout large-scale long-term projects, the working conditions for investors remain unchanged in terms of export customs duties and fees for the use of forest, land, water resources, environmental and recycling fees, as well as the provision of state support measures.

In addition, the SZPK mechanism will make it possible to remove infrastructure restrictions in the implementation of investment projects in the territory of the republic through the reimbursement of investor's costs for infrastructure in the amount of taxes paid by them.

In this case, the maximum amount and period of compensation will be:

• no more than 50% of the cost of supporting infrastructure for up to 5 years;

• no more than 100% of the cost of associated infrastructure for a period of up to 10 years (in the case of contracts with SMEs, the terms are increased by 1 year).

The SZPK is concluded with the organization implementing the project in a declarative manner. The competitive procedure is provided for a public project initiative. To provide these benefits, the agreement must be concluded no later than January 1, 2030.

The entire procedure for concluding an SZPK, monitoring its implementation, and providing support measures will be carried out through the specialized state information system “Capital Investments”. It allows you to conclude SZPK in electronic form. Based on the system, a register of SZPK projects is maintained, their implementation is monitored, costs are reimbursed and tax deductions are provided.

In the Republic of Tatarstan, the Ministry of Economy of the Republic of Tatarstan is the responsible body authorized for the implementation of the SZPK norms.