Creation of the territory of advanced socio-economic development

TASED

TASED (Territory of advanced socioeconomic development) is established for seventy years (for 10 years in monocities) and will cease to exist by the decision of the Government of the Russian Federation made on the proposal of the authorized federal body, including the case of economic inexpediency.

On December 29, 2016 the Government of the Russian Federation signed the Decrees on TASED establishment in Kumertau and Belebey cities. In 2019 TASED status was obtained by Beloretsk, Blagoveshchensk, Neftekamsk cities. Measures of support mprovided by the non-profit organization “Fund for the Development of Mono-Cities” (hereinafter referred to as the Fund):

Co-financing of the expenses of the subjects of the Russian Federation and the municipalities on construction of infrastructure facilities necessary for the implementation of new investment projects in the amount of up to 95% at the expense of the Fund.

The volume of co-financing is determined by the Fund on the basis of the following ratio: the Fund will allocate 0.4-0.7 million rubles for the creation of 1 new job; co-financing ratio: 1 ruble from the Fund / 3 rubles from private investors. The procedure for obtaining co-financing for the construction of infrastructure facilities is as follows:

to submit the information on investment projects to be implemented and on the needs for infrastructure facilities to the Working Group on Modernization of Mono-Cities under the Governmental Commission for Economic Development and Integration (hereinafter referred to as the Working group);
to obtain a favourable decision of the Working group on the possibility of interaction with the Fund as far as the provision of financial support to the Mono-City is concerned;
to сonclude a general cooperation agreement with the Fund;
to prepare an application for cofinancing of the expenses of the Republic of Bashkortostan and the municipality on construction of infrastructure facilities (hereinafter referred to as the Application), including the setting-up of a working group and the approval by the Head of the Republic of Bashkortostan of a schedule of measures necessary to prepare the application;
to submit the Application to the Fund;
approval of the Application by the Supervisory Board of the Fund;
conclusion of an agreement on cofinancing of the construction and (or) reconstruction of infrastructure facilities.

Tax allowances for TASED residents

VAT

TASED residents are entitled to expedited VAT refund. (application of a declarative VAT refund procedure)

Insurance fee

6% – Pension Fund during first 10 years

1,5% – Social Insurance Fund (during first 10 years)

0,1 % – Compulsory Medical Insurance Fund (during first 10 years)

Profit tax

Federal budget
0% during first 5 years

Regional budget:

5% during first 5 years

10% during first 5 years