Invest in production
Industry
Revival of traditions: assembly of forwarders at the LLC Amkodor-Onego plant, modernization of production at the machine-building enterprise Petrozavodskmash.
The Republic of Karelia is a unique border region of the North-West of Russia
Favorable economic and geographic location, convenient logistics infrastructure, natural resources, educational and human potential make our region attractive for investors.
One of the priority tasks of the Government of Karelia is the creation of a favorable investment climate. For this, a set of measures for financial, property and administrative support has been developed. In assistance to investors, territories of advanced social and economic development are being created. Thanks to the individual program for the development of the region, federal funds are directed to including for the implementation of investment projects.
40% of the territory of Karelia - 6 municipal districts - are included in the Arctic zone. This significantly expands the possibilities of both the economy and social sphere, and organizations and entrepreneurs who implement projects in these territories.
We are ready to provide comprehensive assistance in the implementation of investments in our republic. We will be glad to establish cooperation with everyone who associates their strategic priorities with Karelia and shares the idea of partnership in interests of joint development.
Karelia occupies an advantageous geopolitical position between other economically developed regions of Russia and Europe
Neighbors of Karelia:
- Leningrad region
- Murmansk region
- Vologda region
- Arkhangelsk region
- Finland
Distance from the capital of Karelia to big cities:
- Moscow - 1000 km
- Saint Petersburg - 430 km
- Murmansk - 930 km
- Joensuu - 360 km
- Helsinki - 700 km
Important transport routes pass through the republic, which connect the regions of Russia with the ice-free northern port of Murmansk and European countries. On its territory, there is the White Sea-Baltic Canal, which connects the Baltic and White seas.
There are eight checkpoints on the border with Finland in the region. Among them there are 5 automobile roads: Vyartsilya checkpoint, Lutta checkpoint, Suoperä checkpoint, Inari DAPP, Syuväoro DAPP, 2 railway lines: Lyutta, Vartsilä and air - Petrozavodsk, there are 3 airports, 5 ports connected by a system of canals with the main water routes of the European part of Russia.
Benefits of doing business in Karelia
Developed transport links and the favorable geopolitical position of the republic make business on its territory attractive for investment. This is facilitated by special tax and administrative benefits.
Support measures for investors:
- preferential conditions for the receipt, use and redemption of land plots for the implementation of investment projects;
- provision of tax incentives for the implementation of investment projects;
- compensation for part of the costs incurred by investors in the implementation of projects;
- assistance in attracting financing on concessional terms.
Development Corporation of the Republic of Karelia accompanies investment projects on the principle of "one window", helping with the selection of an investment site and solving land issues and tasks for technical connection, helps to attract co-financing from state programs, helps to get benefits, provides information support and selects the best measures of state support.
Arctic region
One third of the territory of the Republic of Karelia is part of the Arctic zone of Russia. These are Belomorsky, Loukhsky, Kemsky, Segezhsky and Kalevala districts and Kostomuksha urban district.
Income tax
Land tax
Insurance premiums
Property tax
Tax deduction not exceeding 50% of MET
1% for "income" or 5% for "income - expenses"
Inspections of residents of the Arctic zone are carried out only by agreement of the Russian Ministry for the Development of the Russian Far East and within a short period.
Priority Industries for Investment
TourismDue to the unique nature, Karelia is included in the top five popular travel destinations for Russian tourists
IT - Data CentersLocation of data centers in the Arctic zone allows you to reduce the cost of cooling data center equipment
Timber industry complexPrivate investments in increasing production volumes while preserving nature will amount to > 110 billion rubles in the next 5 years
Mining complexShare of HPC is more than a third of the total volume of industrial production, the demand for the products of this industry is growing every year
Mechanical engineeringUnique products of the Karelian enterprises of the machine-building industry are known in Russia and in foreign countries
Food productionIndustrial production is growing steadily thanks to a wide range of federal and regional support measures
Strategy of economic development of Karelia until 2030
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