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The FPV regime is going to be extended to the entire Far East

The FPV regime is going to be extended to the entire Far East
Photo: pixabay.com

The Vladivostok Free Port Mechanism (FPV) is planned to be extended to the entire territory of the Far East. This is indicated in the FEFD national development program approved by the government.

The special regime allows investors to receive tax benefits, go through administrative procedures in a simplified manner, and enjoy various preferences. The national program notes that the expansion of the FPV regime to all territories of the municipalities of the Far East will create better conditions for investment and increase the competitiveness of priority development territories (TOR).

The national program also provides for a reduction in the timing of the inclusion of new investment sites in the boundaries of the ASEZ, the introduction of additional guarantees for maintaining the operating conditions for the duration of the projects, the appearance of additional tax benefits. In addition, investors will continue to receive support to build infrastructure.

National Program for the Development of the Far East approved by the head of government Mikhail Mishustin. Its main goals were to accelerate the development of the economy of the Far Eastern Federal District, improve the demographic situation in the macroregion, stop the migration outflow, and improve the quality of life of people.

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