The head of state instructed to amend the legislation, which will provide for the work of new organizations in the Kuril Islands under a number of conditions.
These conditions are that organizations are not recognized as taxpayers of corporate income tax, land and transport taxes, and corporate property tax.
In addition, they are subject to reduced insurance premium rates of 7.6% for ten years, and the free customs zone regime is also applied.
The exception will be organizations that provide intermediary services that carry out activities related to the receipt of passive income, the production and processing of excisable goods, the extraction of hydrocarbons and their processing, as well as the catch of valuable biological resources.
In early September, Vladimir Putin announced that an unprecedented set of tax incentives and incentives would be created for investors in the Kuril Islands economy.