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In Primorye, investors will be attracted to TORs

The Ministry of Development of the Far East selected in the region 22 sites for the formation of areas of advanced development (TOP). Four such sites are located in Primorsky Krai, the press service of the Primorye government reports.

The regional government announced that the residents of the TOP will be given the best conditions for doing business in comparison with the APR countries. It is planned to significantly shorten the terms of administrative procedures. Permission for construction will be available for 26 days. Enterprises will be given a tax holiday for five years. For small businesses, the tariff for electricity has been reduced by 10%.

For this purpose, special mechanisms will be developed to take land from the general rules of state regulation. Russia already has a positive experience of introducing such practices - this is the organization of the APEC summit on Russian island in Primorye.

To attract investments, an agency for the development of human capital, the Far East Development Fund, an agency for attracting investments and export support and OJSC Development of the Far East will be created. First of all, the Ministry for the Development of the Russian Far East will support those projects that have passed the public selection criteria.

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