Approved by the Decree of the Head of the Republic of Karelia dated January 16, 2014 № 3 .
This Investment Declaration of the Republic of Karelia has been developed in order to create a favorable investment climate on the territory of the Republic of Karelia, which will increase the investment attractiveness of the republic and increase the inflow of investments into the regional economy..
1. Legal relations related to investment activities carried out in the form of capital investments on the territory of the Republic of Karelia are regulated by the Constitution of the Russian Federation, international treaties of the Russian Federation, federal laws, other regulatory legal acts of the Russian Federation, the Constitution of the Republic of Karelia, laws of the Republic of Karelia, other regulatory legal acts of the Republic of Karelia.
2. Interaction of state authorities of the Republic of Karelia with subjects of entrepreneurial and investment activity is carried out on the basis of the principles:
- equality - a non-discriminatory approach to all subjects of entrepreneurial and investment activity within the framework of a predetermined and public system of priorities;
- involvement - participation of subjects of entrepreneurial and investment activity in the processes of preparation and assessment of the implementation of decisions of state authorities of the Republic of Karelia affecting their interests;
- transparency - the general availability of documented information of state authorities of the Republic of Karelia (with the exception of information referred to information of limited access in accordance with federal legislation);
- most favored nation (effective practice) - the orientation of administrative procedures and legal regulation to the best, from the point of view of the interests of subjects of entrepreneurial and investment activities, the practice of interaction of public authorities of the constituent entities of the Russian Federation with subjects of entrepreneurial and investment activities.
3. Republic of Karelia guarantees the provision and protection of the rights and interests of subjects of entrepreneurial and investment activities in accordance with the current legislation of the Russian Federation and the Republic of Karelia.
4. Subjects of entrepreneurial and investment activities on the territory of the Republic of Karelia in accordance with the current legislation of the Russian Federation and the Republic of Karelia are provided with guarantees:
- equal rights in the implementation of investment activities;
- publicity in the discussion of investment projects and openness of the procedure for making decisions on the provision of state support for investment activities;
- right to appeal to the court against decisions and actions (inaction) of state authorities of the Republic of Karelia, local self-government bodies of municipalities in the Republic of Karelia and their officials;
- protection of capital investments;
- safety of entrepreneurial and investment activities;
- access to public information of state authorities of the Republic of Karelia;
- participation in the processes of preparation and assessment of the implementation of decisions of the state authorities of the Republic of Karelia affecting their interests;
- independent determination of directions, forms and volumes of capital investments;
- non-interference of state authorities of the Republic of Karelia, local self-government bodies of municipalities in the Republic of Karelia and their officials in the activities of subjects of entrepreneurial and investment activities to conclude agreements (contracts), their choice of counterparties and determination of mutual obligations;
- preservation of the terms of investment agreements until their full execution in the event of changes in the legislation of the Republic of Karelia restricting the rights of subjects of investment activity, worsening the investment conditions previously provided to them (except for cases when changes are made to the standards (rules) for safe work, protection of subsoil, environment and public health);
- conducting negotiations in cases of violation of the rights and interests of subjects of entrepreneurial and investment activities, including in cases of problem situations, controversial issues in the implementation of investment projects.
5. In the Republic of Karelia there is a system of measures of state support for subjects of entrepreneurial and investment activity established in accordance with the legislation of the Russian Federation and the Republic of Karelia, within the framework of which investment activity in the region is supported in the following forms:
- provision of tax incentives for regional taxes;
- provision of advantages in the form of establishing a reduced rate of corporate profit tax in the part credited to the budget of the Republic of Karelia;
- providing on a competitive basis state guarantees of the Republic of Karelia for investment projects;
- предоставления субсидий из бюджета Республики Карелия на частичное возмещение затрат по уплате процентов по кредитам, полученным для финансирования инвестиционных проектов
- granting subsidies from the budget of the Republic of Karelia for partial reimbursement of the costs of paying interest on loans received to finance investment projects
- provision of an investment tax credit for corporate profit tax at the tax rate established for the transfer of the specified tax to the budget of the Republic of Karelia, and regional taxes;
- provision of preferential terms for the use of land and other real estate
- provision of subsidies from the budget of the Republic of Karelia in accordance with the Law of the Republic of Karelia dated March 5, 2013 N 1687-ЗРК "On some issues of state support of investment activities, protection and encouragement of investment in the Republic of Karelia" in order to implement investment projects
- provision of subsidies from the budget of the Republic of Karelia as part of infrastructure support for investment activities to reimburse the costs of technological connection to power grid facilities in order to implement investment projects
6. Business and investment entities in the Republic of Karelia are provided with information support, including by providing information about the region's economy, the current state of investment activities, investment legislation, projects proposed for investment, land plots and industrial sites for possible use for investment purposes, mineral - the resource base of the republic through specialized electronic resources.
7. Institutional infrastructure for supporting and supporting business and investment entities, attracting investments in the Republic of Karelia is represented by the Industrial Development Fund of the Republic of Karelia, the Export Support Center of the Republic of Karelia Foundation, the Venture Investment Fund of the Republic of Karelia, the Fund for the Promotion of Lending to Small and Medium Enterprises of the Republic of Karelia ( microcredit company), the Chamber of Commerce and Industry of the Republic of Karelia, Joint Stock Company Development Corporation of the Republic of Karelia, state budgetary institution of the Republic of Karelia "Multifunctional Center for the Provision of State and Municipal Services of the Republic of Karelia" plans, construction permits and commissioning of capital construction projects) with an organized network of territorial offices in urban and large rural settlements in the republic, working on the principle of "one window", and will be expanded due to the emerging industrial (industrial) parks and industrial techno parks (. 7 as amended. Decree of the Head of the Republic of Karelia dated July 26, 2021 № 39).
8. Overcoming unnecessary administrative barriers and optimization of licensing procedures in construction (including the issuance of permits for subjects of investment activity) in the Republic of Karelia are carried out through a system of program measures to regulate, simplify and reduce the time for the provision of state and municipal services in the field of urban planning; development of territorial planning documents, land use and development rules, as well as standards for urban planning of municipalities.
9. Acceleration of the socio-economic development of the Republic of Karelia is planned by creating favorable conditions for business and investment entities, stimulating cooperation processes and organizing joint ventures, including through the formation of sectoral clusters (forestry, fisheries, tourism, scientific and educational, etc. ), which will increase the intensity of the use of resources, the competitiveness of products and services, as well as allow concentrating production chains and the added value produced by them in the region (clause 9 as amended by the Decree of the Head of the Republic of Karelia dated July 26, 2021 № 39).
