Businessmen Crimea: the list of documents required to obtain membership status of free economic zone

For participant status of free economic zone is necessary to be registered on the territory of the Republic of Crimea and Sevastopol, held in tax accounting with the tax authority and to submit to the Council of Ministers of Crimea and Sevastopol Government the following documents:

1. 1) copies of constitutive documents (for legal entities);
2. 2) a copy of state registration of the legal entity or individual entrepreneur;
3. 3) a copy of the certificate of registration with the tax authority;
4. 4) investment declaration in the form approved by the authorized Government of the Russian Federation executive authority.

The investment declaration should contain the following information:

1. 1) the purpose of the project;
2. 2) activities;
3. 3) a feasibility study of the investment project with an indication of the amount planned for the creation of jobs and the size of the average wage;
4. 4) the total amount of capital investments planned as part of the project;
5. 5) the timetable for the implementation of the annual volume of capital investments in the first three years of implementation of the investment project;
6. 6) the timetable for the implementation of the annual volume of capital investments in the first three years of implementation of the investment project.

According to the Federal Law of November 29, 2014 N 377-FZ "On the development of the Crimean Federal District and the free economic zone on the territory of the Republic of Crimea and Sevastopol city of federal significance" controls FEZ are:

• – Authorized by the Government of the Russian Federation executive authority (normative legal support of functioning of FEZ, the exercise of keeping the register of FEZ participants and others.);
• – Expert advice on the FEZ in the Republic of Crimea and Sevastopol (consideration and adoption of decisions on the conclusion of contracts on activity conditions in the FEZ project with a volume of capital investments of over 100 million rubles., And others.);
• – Council of Ministers of Crimea and Sevastopol Government (organizational and material-technical provision of expert advice, acceptance and review of documents, contracts on activity conditions in the FEZ project with a volume of capital investments up to 100 million rubles., Control over the execution of contracts and conditions etc.).

For the participants of the FEZ has the following tax incentives:

1. 1) For 10 years set a zero rate corporate income tax in part, be credited to the federal budget. In part, be credited to the budget of the Republic of Crimea, the Law of the Republic of Crimea on 29.12.2014 №61-SAM / 2014, the following rates of corporate income tax: within 3 years from the date of entry in the register - 2%; from 4 to 8 years - 6%; 9 years - 13.5%.These rates apply to the conduct of the taxpayers subject to separate accounting of income (expenses) from operations conducted as a participant of FEZ, and income (expenses) on other activities;
2. 2) The exemption from property tax for 10 years;
3. 3) Exemption from payment of land tax organizations participating FEZ - in respect of land located in the FEZ and used in order to implement the agreement on the implementation of activities in the FEZ, for 3 years from the month when the right of ownership of each parcel;
4. 4) Exemption from payment of land tax organizations participating FEZ - in respect of land located in the FEZ and used in order to implement the agreement on the implementation of activities in the FEZ, for 3 years from the month when the right of ownership of each parcel;
5. 5) Reduced rates of insurance premiums in the amount of 7.6%, of which the Pension Fund of the Russian Federation - 6%, the Social Insurance Fund of the Russian Federation - 1.5%, the Federal Compulsory Medical Insurance Fund - 0.1%.

This exemption will apply only to those participants who have registered in the first three years. For non-members FEZ rate of single agricultural tax in 2015-2016 established by the Law of the Republic of Crimea on 29.12.2014 №60-SAM / 2014 "On establishing the unified agricultural tax in the Republic of Crimea" in the amount of 0.5%.

For those who use the patent system of taxation, the Law of the Republic of Crimea "On establishing the tax rate payable in the application of the patent system of taxation in the Republic of Crimea" in the 2015 - 2016 years, established the rate of 1%.

For those applying the simplified taxation system, the tax rate in 2015-2016 is set by the Law of the Republic of Crimea on 29.12.2014 №59-SAM / 2014 "On establishing the tax payable under the simplified system of taxation in the Republic of Crimea" in the amount of 3% (if the object of taxation is income), if the object of taxation is income minus expenses - 7%.

The participants of the FEZ is not entitled to carry out activities in the mineral resources, exploration, development of offshore fields, mining.

As part of the investment project established requirements for the volume of capital investments during the first 3 years:

• for legal persons not less than 30 mln. rubles;
• for individual entrepreneurs at least 3 million rubles.