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- Public support
- Procedure for provision of state support of investment activities
Procedure for provision of state support of investment activities
Description of stages
1. The initiator generates and sends to the Office of the Government of the Republic of Bashkortostan a package of documents:
- a business plan in accordance with the approved protocol;
- extract from the Unified State Register of Legal Entities or from the Unified State Register of Individual Entrepreneurs;
- certificate of no arrears of payment of taxes, fees, penalties, fines, interests issued by a tax authority;
- documents confirming the availability of own sources of financing of the priority investment project in the amount of not less than 10% of the declared value of the project
- for legal entities: copies of decisions of the founders (shareholders) on the implementation and financing of the priority investment project, as well as records or statements of billing and deposit accounts;
- for individual entrepreneurs: statements of settlement and deposit accounts
- (if available) documents of preliminary agreement with resource supplying organizations of the possibilities to connect to the existing engineering infrastructure, if necessary documents of preliminary agreement with competent organization of the possibilities to connect to the transport infrastructure.
2. The Office of the Government of the Republic of Bashkortostan from the date of receipt of the package of documents conducts their assessment for compliance with the requirements for completeness (within 5 working days).
3. If the submitted documents fail to meet the completeness requirements the Ministry for Economic Development of the Republic of Bashkortostan will notify the initiator of the project in writing on the necessity to take the remarks into account (within the term specified in clause 2, inclusive).
4. The project initiator has the right to eliminate comments and submit documents to the Office of the Government of the Republic of Bashkortostan (within 15 working days).
5. If the documents meet the requirements the Ministry for Economic Development of the Republic of Bashkortostan will send copies of these documents to the republican executive authorities for examination within their competence (within the term specified in clause 2, inclusive). The period of examination shall not exceed 10 business days from the date of receipt of the documents to the relevant republican executive authority.
6. According with the results of the examination, the Republican executive authorities send to the Office of the Government of the Republic of Bashkortostan their expert opinion on the expediency or inexpediency of inclusion of the investment project in the List of priority investment projects (during the period specified in paragraph 5, inclusive).
7. From the day of receiving the expert opinion, the Office of the Government of the Republic of Bashkortostan makes a decision on the inclusion or refusal of inclusion of the proposed project in the List of priority investment projects of the Republic of Bashkortostan and notifies the investor about the decision (within 2 working days).
An investment project included in the List of priority investment projects of the Republic of Bashkortostan may qualify for state support
1. The following documents are to be submitted for priority investment projects applying for state support with inclusion in the Register of priority investment projects:
- business-plan;
- presentation materials on the investment project;
- certificate of no arrears of payment of taxes, fees, penalties, fines, interests issued by a tax authority;
- (if available) documents of preliminary agreement with resource supplying organizations of the possibilities to connect to the existing engineering infrastructure, if necessary documents of preliminary agreement with competent organization of the possibilities to connect to the transport infrastructure
- information on the scope of state support measures necessary for implementation of a priority investment project including calculation of costs associated with implementation of budgetary investments;
- calculation of the amount of tax allowances supposed to be granted for a priority investment project;
- copies of the documents confirming the availability of their own or leased plot of land for implementation of a priority investment project. These documents are not required if the investor applies for plots of land being into state ownership of the Republic of Bashkortostan or into municipal property, as well as for plots of land without any differentiation of public ownership, in order to take the plots on lease without any tenders in accordance with the law;
- documents confirming the availability of funding sources in the amount of at least 50% of the project cost;
- extract from the Unified State Register of Legal Entities or from the Unified State Register of Individual Entrepreneurs (original or certified copy);
2. .The Office of the Government of the Republic of Bashkortostan conducts a preliminary assessment of the documents for compliance with the requirements for completeness (within 5 working days).
3. In case of non-compliance of the submitted documents with the requirements for completeness of the Office of the Government of the Republic of Bashkortostan, a written notification is sent to the project initiator about the need to eliminate the detected discrepancies (within the time specified in paragraph 2, inclusive).
4. The initiator of the project is entitled to take the remarks into account and to submit the documents to the Ministry for Economic Development of the Republic of Bashkortostan (within 15 business days).
5. In case of compliance of the documents with the requirements, the Office of the Government of the Republic of Bashkortostan sends copies of the documents to the republican executive bodies for examination within their competence (within the period specified in paragraph 2 inclusive). The period of examination shall not exceed 10 business days from the date of receipt of the documents to the relevant republican executive authority
6. According with the results of the examination, the republican executive authorities send to the Government Office of Bashkortostan an expert opinion on the expediency or inexpediency of providing state support to the investor for the implementation of the priority investment project (within 10 working days).
7. From the day of receiving the expert opinion, the Office of the Government of the Republic of Bashkortostan prepares a consolidated expert opinion on the expediency or inexpediency of providing State support to the project and notifies the investor of the decision (within 2 working days).
8. From the day of preparation of a consolidated positive expert opinion, a priority investment project is reviewed at a meeting of the Investment Committee of the Republic of bashkortostan (within 22 business days).
9. The matter of granting tax allowances and signing an investment agreement is to be approved at “Investement Hour” meeting . At a meeting of “Investement Hour” approves the granting of tax concessions and the signing of the investment agreement. The meeting of the “Investement Hour” the project proponent must prepare a presentation of priority investment project.
10. The decision of the “Investement Hour” in the Protocol (within 5 days).
11. From the day of approval of the protocol, the responsible body prepares the draft order of the Government of the Republic of Bashkortostan on providing State support to the project and, together with the project initiator, prepares an investment agreement indicating the scope and amount of State support (within 30 calendar days).