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Rules and Regulations

Regulation of investment activities in the region (regulatory acts, laws, programmmes etc.)

- Law of the Murmansk Region of 09.07.2011 No. 1368-01-ZMO “On introducing changes in Article 1 of the Law of the Murmansk Region ‘On the rate of the corporate profits tax payable to the Murmansk Region budget for certain taxpayer categories’ and in Article 4-2 of the Law of the Murmansk Region ‘On the corporate property tax’”

- Law of the Murmansk Region of 07.04.2011 No. 1332-01-ZMO “On introducing changes in the Law of the Murmansk Region ‘On state support for investment activities on the territory of the Murmansk Region’” ;

- Law of the Murmansk Region of 11.01.2011 No. 1315-01-ZMO “On state support for investment activities on the territory of the Murmansk Region”;

- Law of the Murmansk Region of 27.12.2010 No. 1311-01-ZMO “On participation of the Murmansk Region in public-private partnerships”;

- Law of the Murmansk Region of 26.10.2007 No. 899-01-ZMO “On introducing additions to certain legal acts of the Murmansk Region for the purposes of preferential taxation of investment activities on the territory of the Murmansk Region;

- draft form of a business plan with guidelines for draw-up (order of the Murmansk Region Government of 06.08.2010 No. 222-RP);

- on establishment of coordination board on creation of Murmansk special economic zone  (order of the Govrnor of the Murmansk region of 02.06.2010 No. 75-RG)

- on establishment of an interdepartmental working group for energy saving and improving energy efficiency (order of the Murmansk Region Government of 26.05.2010 No. 151-RP);

- on establishment of the Bidding procedure for the right to enter into a public-private partnership agreement and the Procedure of entering into a public-private partnership agreement without bidding (order of the Murmansk Region Government of 24.01.2012 No. 17-PP);

- on measures of state support for investment activities (decree of the Murmansk Region Government of 24.01.2012 No. 16-PP);

- on establishment of the Procedure of expert review of investment projects of the Murmansk Region (decree of the Murmansk Region Government of No. 739-PP);

- on approval of the Methods for assessment of economic, budgetary and social efficiency of investment projects of the Murmansk Region (decree of the Murmansk Region Government of 29.12.2011 No. 719-PP);

- on establishment of the Procedure for supervision over implementation of public-private partnership agreements (decree of the Murmansk Region Government of 20.12.2011 No. 662-PP);

- on establishment of the Procedure for entering into agreements on state support for investment activities on the territory of the Murmansk Region and for control over their implementation (decree of the Murmansk Region Government of 19.12.2011 No. 655-PP);

- on approval of the Statement on the procedure, timelines and conditions of property and (or) financial participation of the Murmansk Region in public-private partnerships (decree of the Murmansk Region Government of 19.12.2011 No. 654-PP);

- on developing the system of preparation for and carrying out bidding for choosing investors in implementation of investment projects in major construction works (decree of the Murmansk Region Government of 01.06.2011 No. 275-PP);

- statement on the Steering board for supporting investment and innovation activities in the Murmansk Region and the procedure of forming and keeping a register of investment projects in the Murmansk region (decree of the Murmansk Region Government of 24.05.2010 No. 232-PP);

- on working group on development of laws and regulatory acts, aimed at improving of investment climate in the Murmansk region (of 12.05.2010 N0118-RP);

- the procedure of budgets and social effectiveness  estimation of investment projects implemented by means of budjet of the Murmansk region and terms of its termination or reformation (decree of the Murmansk Region Government of 30.06.2009 No. 280-PP)

- the procedure of decision-making in development of long-term targeted programmes of the Murmansk Region and forming and implementation thereof (decree of the Murmansk Region Government of 30.06.2008 No. 309-PP);

- on the implementation procedure and efficiency assessment criteria for long-term targeted programmes of the Murmansk Region and forming and implementation thereof (decree of the Murmansk Region Government of 30.06.2008 No. 310-PP);

- the procedure of structure and implementation of target investment program of the Murmansk region (decree of the Murmansk Region Government of 12.12.2008 No. 613-PP/24).

- the procedure of development, approval and implementation of departmental targeted programmes of the Murmansk (decree of the Murmansk Region Government of 30.06.2008 No. 308-PP)

Deductions and limitations for investment activities in the region (tax and customs deduction, preferences, interdictions, guarantees etc.)

State support for investment activities in the Murmansk Region is provided in accordance with the Law of the Murmansk Region of 11.01.2011 No. 1315-01-ZMO “On state support for investment activities on the territory of the Murmansk Region” and the decree of the Murmansk Region Government of 24.01.2012 No. 16-PP “On measures of state support for investment activities in the following forms:

1. Setting tax and duties deductions for recipients of state support for investment activities in accordance with the Russian Federation and Murmansk Region law as well as with the Law of the Murmansk Region of 09.11.2001 No. 304-01-ZMO “On the rate of the corporate profits tax payable to the Murmansk Region budget for certain taxpayer categories” a lowered corporate profits tax rate:

1.1.  of 13.5% is used for enterprises registered in the Murmansk Region or with its tax authorities and implementing, in the Murmansk Region, investment projects included in the register of priority and strategic investment projects of the Murmansk Region excluding strategic investment projects aimed at modernization etc.

1.2.  of 17% for organizations, implementing strategic investment projects aimed at modernization, reconstruction, technical modernization, enlargement of production etc., in case of agreement signed at provision of the state support of investment activities/

2. In accordance with the Law of the Murmansk Region of 26.11.2003 No. 446-01-ZMO “On the corporate property tax,” was established a lowered tax rate:

2.1.         of 0,9% for organizations implementing strategic and priority investment projects of the Murmansk region concerning property, the cost of which was increased as a result of further construction, further improving of equipment, modernization, extension of production during the strategic and priority investment project implementation and posted on the payments account after signing of abovementioned agreement. The total sum of investment should not be less than 150 % of depreciable value of the same property;

2.2.         of 1,1 % of 0,9% for organizations implementing strategic and priority investment projects of the Murmansk region concerning property, the cost of which was increased as a result of further construction, further improving of equipment, modernization, extension of production during the strategic and priority investment project implementation and posted on the payments account after signing of abovementioned agreement. The total sum of investment should not be less than 100 % of depreciable value of the same property;

2.3.         of 0,9% for organizations implementing strategic and priority investment projects of the Murmansk region concerning property, the cost of which was increased as a result of further construction, further improving of equipment, modernization, extension of production during the strategic and priority investment project implementation and posted on the payments account after signing of abovementioned agreement. The total sum of investment should not be less than 50 % of depreciable value of the same property.

3. Setting, in accordance with the Russian Federation and Murmansk Region law, grounds and conditions for providing recipients of state support for investment activities with grace periods and instalment plans as regards payment of taxes and duties and the investment tax credit including the term of the investment tax credit and the interest rate on the credit;

4.Providing recipients of state support for investment activities with deductions as regards renting of property owned by the Murmansk Region and needed for implementation of investment projects of the Murmansk Region, in accordance with the Russian Federation and Murmansk Region law ;

5. Providing, in accordance with the Russian Federation and Murmansk Region law, state guarantees of the Murmansk Region as security for performance of obligations arising during implementation of investment projects of the Murmansk Region by subjects of investment activity;

6. Providing subsidies from the regional budget in accordance with the “Procedure of providing subsidies from the regional budget to by subjects of investment activity” set by decree of the Murmansk Region Government of 24 January No. 16-PP:

- for partial reimbursement of interest payments to be made by recipients of credits from Russian credit organisations for implementation of investment projects of the Murmansk Region, or of lease payments payable to Russian leasing companies for property acquired under leasing agreements for implementation of investment projects of the Murmansk Region;

- for partial reimbursement of payments for services of connection to power grids;

7. Setting, in accordance with the Russian Federation and Murmansk Region law, conditions for use of land plots and other natural resources owned by the Murmansk Region;

8. Providing of non-financial support, including organizational, informational and consulting assistance.

State support for investment activities may be exercised in other forms not prohibited by the Russian Federation and Murmansk Region law.

Measures of state support for investment activities may be provided to the recipient of state support for investment activities in one or several forms.

Contacts (manager and department of economic and/or investment activity area)

Name of the authority – the Ministry for Development of Industry and Entrepreneurship of the Murmansk Region

Full name and position of the manager – Olga Kuznetsova, Minister 

Phones, fax, email, website: phone: +7 (815-2) 454-623, mrpp@gov-murman.ru

Full name, position and contacts of the person formalising the investment passport – N. Y. Andreeva, Deputy Head of the Investment policy and State-Private Partnerships Units of the Committee for Development of Industry and Entrepreneurship of the Murmansk Region, phone +7 8152 486 424, nyandreeva@gov-murman.ru 

Passport formalisation date – 20.01.2014