Participants in special investment contracts (PSIC)

In the Arctic zone of the Russian Federation - 0% income tax rate.

Condition : income from the sale of goods produced as a result of the implementation of the PSIC is at least 90% of all income taken into account when determining the tax base for income tax, starting from the tax period in which the first profit was made. In addition to the Arctic zone of the Russian Federation - 5% income tax rate. 

Condition : income from the sale of goods produced as a result of the implementation of the PSIC  is at least 90% of all income taken into account when determining the tax base for income tax, starting from the tax period in which the first profit was made.

The following subsidized costs:

  • in order to receive financial support measures, the project must be recognized as meeting the criteria for the provision of state support (investment) as a priority;
  • Decree of the Government of the Republic of Karelia dated 28.08.2017 № 295-P "On approval of the Procedure for making a decision on the compliance of an investment project with the criteria for selecting investment projects to provide state support for investment activities in the Republic of Karelia and making a decision on recognizing an investment project as a priority investment project of the Republic of Karelia." 

Investment project selection criteria:

  • making investments in the form of capital investments;
  • an increase in jobs;
  • budget efficiency of the investment project (in accordance with the requirements of the Order of the Ministry of Economic Development of the Republic of Karelia dated 09.23.2014 № 148-A ); 
  • introduction of resource-saving technologies;
  • the social significance of the investment project (implementation of the investment project in the field of preschool education, additional education for children, culture, physical culture and sports, employment of disabled people);
  • implementation of an investment project on the territory of a single-industry municipal formation of the Russian Federation (single-industry towns) included in the list of single-industry municipalities of the Russian Federation (single-industry towns), approved by the Government of the Russian Federation.

An investment project must, in aggregate, meet at least three of the specified criteria.

An investment project is recognized as a priority investment project of the Republic of Karelia if it meets, in aggregate, at least three criteria specified earlier and one of the following conditions:

  • implementation of an investment project in the priority area of ​​the economy of the Republic of Karelia; 
  • implementation of an investment project in the area of ​​investment incentives;
  • the volume of investments in the investment project is at least 3% of the volume of tax and non-tax revenues of the budget of the Republic of Karelia, approved in accordance with the established procedure for the financial year in which the investor submitted an application for state support for investment activities; 
  • the implementation of the investment project will ensure the creation of new jobs in the amount of at least 3% of the population permanently residing in an urban district or in a settlement that is part of the corresponding municipal district.

The total amount of all subsidies issued by the Ministry to the investor as part of state support for one investment project cannot exceed 20% of the number of investments in fixed assets carried out by the investor in the investment project during the period of its implementation.

Investment portal of the Republic of Karelia