Irkutsk
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Chita
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Vladivostok
Khabarovsk

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Yuzhno-Sakhalinsk

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Petropavlovsk-
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Moscow

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The first resident of the Arctic zone appeared in Yakutia

The first resident of the Arctic zone appeared in Yakutia
Photo: pixabay.com

The commission of the Ministry for the Development of the Russian Far East approved the application of JSC Yanolovo for investment activities in the Arctic zone. The new resident of this territory will be engaged in tin mining at the Tirekhtyakh Ruchey placer deposit in Yakutia.

The investor plans to attract at least 780 million rubles to the project, he is also ready to create 80 new jobs. According to the press service of the Ministry of Economy of Yakutia, the company plans to commission the tin mining enterprise in 2021. The capacity will be up to 600 tons of tin per year.

The first residents of the Arctic zone were approved in October of this year... Today, 26 potential investors who plan to implement projects in the Arctic zone in Yakutia are registered in the investor's personal account.

Currently, residents are provided with a zero rate on the federal part of income tax, 75% of insurance premiums are subsidized to create jobs. There are also exemptions on the mineral extraction tax in the amount of 0,5 of the current rate in Russia. By the end of this year, additional benefits for property tax, income tax and land tax will be adopted. 

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