ASEZ in Togliatti
Togliatti got the PDA status for 10 years with an option to extend it for 5 years. In accordance with the decision of the Russian Government, a special legal regime for entrepreneurial and other activity that involves tax exemptions, lowering of lease payments and insurance contributions rate for all residents of the PDA, was established in Togliatti.
The threshold of the minimum capital investment in the framework of investment projects may not be less than 83 400 euro in the first year (the total amount of investments is 333 400 euro).
Creation of new jobs:
- for new organizations – not less than 20 jobs for the first year;
- for existing organizations – not less than the average number of employees over the past 3 years;
- of which there shall be not more than 25% foreigners.
Residents of PDA can become companies not associated with city-forming organizations and not involving the production of vehicles and equipment, excise goods, petroleum products, real estate trade and transactions.
Benefits of PSEDA for investors on the territory of Togliatti
|
PSEDA |
Term |
Standard rate |
|
|
Income tax to the federal budget |
0% |
5 years |
2% |
|
Income tax to the federal budget |
up to 5% from 10% |
5 years 6-10 years |
18% |
|
Property tax |
Full or partial exemption |
2,2% |
|
|
Land tax |
1,5% |
||
|
Insurance payments |
7,6% |
10 years |
30% |
The PSEDA resident status provides unique advantages for investors: the reduction of income tax (0% in part paid to the federal budget, and 5% in part paid to the regional budget in the first 5 years of operation), exemption from property taxes on the land, as well as the reduction of insurance premiums from 30% to 7.6%.