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The Free Port of Vanino regime provides a wide range of benefits, as well as activities - Vyacheslav Shport - EastRussia | Far East

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The regime of the Free Port of Vanino assumes a wide range of benefits, as well as activities - Vyacheslav Shport

In accordance with the federal law on expanding the Free Port regime to key Far Eastern harbors, signed by Russian President Vladimir Putin on July 11, the status of a preferential territory was granted to the port of Vanino in the Khabarovsk Territory

The regime of the Free Port of Vanino assumes a wide range of benefits, as well as activities - Vyacheslav Shport
As the Governor Vyacheslav Shport noted, this will allow attracting investors to large coastal projects, developing processing, a number of logistic and other areas.

The Free Port regime assumes a wide range of benefits, as well as activities. This will help investors realize complex investment ideas in the field of agriculture, production activities, and other areas. The simplified visa regime will create conditions for tourism and hotel business, the press service of the Governor and the Government of Khabarovsk Krai notes.

“Together with the TASED and the port special economic zone, the Free Port regime has become another important tool that will allow our territories to develop dynamically. The Far East today pays great attention. This confirms the speed of making key decisions at the federal level. Investors have received a clear signal and are ready to invest. Depending on the profile of activity, they have a choice of which preferential treatment to use. For our part, we provide maximum assistance in supporting projects. To this end, several support institutes have been created in the region, which work with businesses in the “single window” mode, ”the head of the region noted.

According to Vyacheslav Shport, the regime of the port special economic zone, which operates in the Soviet-Havana region, showed investor interest in the implementation of coastal projects. Before 2025, the residents plan to invest over 20 billion rubles, create around 1,2 thousands of jobs. A considerable share of the declared investments falls on fish processing - about 4 billion rubles. This type of activity is planned to be developed by the Prostor SEC RK, DV Rybak LLC, as well as a number of other Russian companies.

Logistics and fish processing will become one of the key ones in the Vaninsky district, where several investment projects are already being implemented, including major projects such as the construction of the Sakhatrans terminal. Thanks to the new regime, it is expected that by the year 2021, more than 40 billion investments will be attracted to the economy of the municipality and additional 2,6 thousand jobs will be created in the region.

Recall that residents of the Free Port are entitled to substantial benefits. For example, in the first five years of operation, a lower income tax rate is applied - no more than 5%, over the next five years - no more than 12%. Residents of the port are exempt from paying property tax organizations and land tax.

For them, the cumulative extrabudgetary funds are also reduced from 30 to 7,6%. Under certain conditions, residents are entitled to apply the accelerated VAT refund mode.

Free port residents are also granted free customs zone regime.