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The law on territories of advanced social and economic development in the Russian Federation was signed by the president

The law defines the legal regime of the territories of advanced development (TOR), as well as state support measures and the procedure for carrying out activities in such territories. By the decision of the government of the Russian Federation, the TOPs are created for a period of 70 years, which may be extended if necessary.

The law allows for the forcible withdrawal of land plots and (or) real estate objects located on them, as well as other property for the purpose of locating the infrastructure facilities of the TOP. The infrastructure facilities of the TOP may be located on the lands of the forest fund. At the federal level, subsidies are allowed for reimbursement of the interest rate on loans attracted by investors for the construction of infrastructure facilities, up to 100% of the refinancing rate, as well as the use of other mechanisms for project financing.

On the territory of advanced socio-economic development, special legal regimes for entrepreneurial and other activities operate. In particular, preferential rates of rent, tax benefits, special regime of state and municipal control, priority connection to the objects of the infrastructure of the TOP, application of the customs procedure of the free customs zone are envisaged.

The document was adopted by the State Duma 23 December, and two days later - approved by the Federation Council.

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