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Free Port of Vladivostok. Tax and customs benefits for residents

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Free Port of Vladivostok. Tax and customs benefits for residents.

Free Port of Vladivostok. Tax and customs benefits for residents. Frequently Asked Questions (FAQ):

1. What is the Free Port of Vladivostok?

Vladivostok Free Port is a port zone in the Far East region of the Russian Federation. The port zone enjoys special customs, tax and administrative regulations. Federal Law No. 212 on the Free Port of Vladivostok entered into force on October 12, 2015.
The Free Port regime based on Law No. 212 will be in effect for 70 years, with the possibility of extending this period to the territory of 15 municipalities of Primorsky Krai (Territory): Vladivostok, Artem, Bolshoi Kamen, Nakhodka, Partizansk, Ussuriysk, Spassk-Dalniy, as well as Nadezhdinsky, Shkotovsky, Oktyabrsky, Partizansky, Pogranichny , Khasansky, Khankaysky and Olginsky areas, including their sea coast areas.

Free port of Vladivostok. Tax and customs benefits for residents

2. What preferences and benefits can get residents of the Free Port Vladivostok?

Preferences for residents:

  • Reduced insurance premium rates – 7.6%, upon receipt of resident status within 3 years after the adoption of the Law. For other companies, not residents – 30%.
  • Within 5 years, income tax – 0%. Over the next 5 years to the regional budget – 10% To the federal budget – 0%. Not for residents 20%.
  • Property tax 0% for the first 5 years. 0.5% over the next 5 years. Not for residents 2.2%.
  • Land tax 0% for the first 5 years. Not for residents from 0.3% to 1.5%.
  • VAT preference – expedited refund procedure within 10 days. Not for residents – 3 months.
  • Provision of land without bidding and for the duration of the agreement (after obtaining resident status).
  • Measures to streamline and reduce the verification burden on the business.
  • Reduced time for conducting control checks – no more than 15 days for residents.
  • Single window mode – when passing control at the border, round-the-clock mode of operation of checkpoints
  • The duty-free and tax-free regime of the free customs zone for residents: import, storage, consumption (use) of foreign goods, the export of goods (equipment), import of foreign goods (equipment).
  • Simplified visa regime – obtaining an 8-day visa at the border. Freeport of Vladivostok. Tax and customs benefits for residents

3. Who can become a resident?

A potential resident must meet several criteria. Firstly, it should be a new business registered in the territory of the free port of Vladivostok. Secondly, the volume of investments is at least 5 million rubles over three years. And thirdly, the business must comply with the types of activities permitted by law.

Types of activities that residents of free port Vladivostok cannot engage in:

  • Oil and natural gas production
  • Administrative activities and related additional services (excluding rent and leasing)
  • Production of excisable goods, with the exception of the production of cars, motorcycles, motor oils, aviation, diesel, and automotive fuels

Types of activities of residents of free port Vladivostok that are not covered by state support measures (federal tax benefits and reduced rates of insurance contributions to state extra-budgetary funds):

  • Activities financial and insurance
  • Wholesale and retail trade

4. How to become a resident of the Free Port Vladivostok?

  • Fill out on the website “Application for obtaining the status of a resident of the free port of Vladivostok” https://erdc.ru/en/
    An employee of the Far East Development Corporation will send you information on regulatory legal acts, a reference on the selection criteria for residents.

Attention: Appeal on the site is not an official application.

  • Submit an application in paper form with the attached documents: copies of constituent documents (for legal entities), a business plan, a copy of the certificate of state. registration of legal or physical persons as an individual entrepreneur, a copy of the certificate of registration with the tax authority. In the presence of foreign investors, a certified translation into Russian of documents on state registration of a legal entity or individual as an individual entrepreneur in accordance with the legislation of the relevant state is still required.

A paper application can be sent by mail or brought personally to two addresses: 690922, Vladivostok, Russky Island, Ajax settlement, FEFU campus, building A, level 11.
or 123317, Moscow city, Presnenskaya Naberezhnaya, house 8, building 1, MIBC “Moscow City”, IFC “City of Capitals”, Northern block, floor 7. Theme: Free port of Vladivostok. Tax and customs benefits for residents.

Attention: Application review takes 15 working days.

  • After making a positive decision, a draft agreement is sent to the potential resident within 30 calendar days.
  • After signing the agreement, a certificate of inclusion in the register of residents is issued.

5. Where can I find legal documents for the free port of Vladivostok?

You can find all necessary legal information on the official website of “Corporation of Development Russian Far East” in this section https://erdc.ru/about-spv/#anchor-norm

6. Is it possible to attract foreign and / or borrowed funds for investment?

Yes, you can. Enterprises themselves choose sources of financing. It is important to remember that the organization must be registered on the territory of the free port of Vladivostok and not have separate divisions outside it.

7. How long do companies get the status of resident Vladivostok free port?

  • 15 working days, the application and the package of documents are considered.
  • Based on the results of the review, a decision is sent to conclude an agreement or refuse.
  • Within 30 calendar days, a draft agreement will be prepared and sent for approval.
  • If all conditions are satisfactory, an agreement is signed and a certificate of assignment of resident status to the free port of Vladivostok is issued.

8. Is it possible to deprive a company or an individual entrepreneur of resident status of the free port of Vladivostok?

Yes, the government can deprive an organization or an individual entrepreneur of resident status in two cases. If the resident does not begin to carry out activities within 2 years from the date of conclusion of the agreement or does not fulfill his obligations under the agreement.

9. Where to contact if you have questions about the free port of Vladivostok. Tax and customs benefits for residents?

Department of interaction with residents of the free port of Vladivostok: +7 (4212) 970010 (ext. 6037), e-mail: port@erdc.ru or write your questions to us by e-mail: russian-realestate@protonmail.ch or phone +7 914 726 4939

10. Will other ports in the Far East gain the status of a “free port” and similar benefits?

The draft law “On the Free Ports on the Far East” was prepared by the Ministry for Development of the Russian Far East and has been posted for public discussion on the Federal Portal of draft regulatory legal acts. The new regulatory document was based on the Federal Law “On the Free Port of Vladivostok” that entered into force on 12 October 2019.
The authors of the bill plan to extend the preferences of the free port to the Kamchatka Territory, Sakhalin Oblast, Chukotka, and Khabarovsk Territory. Freeport of Vladivostok. Tax and customs benefits for residents.

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