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Business in Primorye will be exempted from lease due to coronavirus

Business in Primorye will be exempted from lease due to coronavirus
Photo: Press Service of the Government of Primorsky Krai

The authorities of the Primorsky Territory decided to free entrepreneurs from payments for the rental of real estate or land. Innovations will concern only regional property. 

According to the press service of the regional government, rent payments will be canceled from March 18 to June 18. Such measures are introduced to support entrepreneurs during the spread of the coronavirus in the region. Small and medium-sized businesses that have suffered after the quarantine measures will be able to take advantage of the privilege. The regional government expects that the abolition of these payments will allow businesses to reduce costs. 

First of all, a new benefit will be provided to travel agencies and enterprises operating in the tourism sector. In addition, representatives of the household services sector, air carriers and airports, sports organizations, cultural and educational institutions, hotels and catering companies will be able to take advantage of the support. 

Also, after June 18, until September 19, entrepreneurs affected by the coronavirus may be granted a grace period for paying rent. Payments will need to be repaid by the end of the year. Also, from April 1, businessmen in the Primorsky Territory were provided deferred tax and credit.

January 26: current information on coronavirus in the Far East
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