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Regional financial center to be set up in the free port of Vladivostok - EastRussia | Far East

Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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The regional financial center is planned to be created in the free port of Vladivostok

Special project TORA and Free Port
The government of the Russian Federation together with the Central Bank before 1 in March 2018 of the year should submit proposals on the creation of a regional financial center in the free port of Vladivostok, follows from the list of instructions given by the head of state Vladimir Putin on the Kremlin website. The initiative is designed to create conditions that ensure the competitiveness of financial activities across the APR.

It is entrusted to work out the issues of creating special conditions for the operation of foreign credit organizations in the SPV, in order to simplify procedures related to the circulation of securities, to create a specialized financial court.

By the end of this year, the government should also submit amendments to legislation to provide investors in the Far Eastern Federal District with tax incentives within the limits of the expenses incurred by them in the construction and equipping of social facilities in the macroregion.