Eight new residents of Free Port of Vladivostok to invest over RUB 2.42 bln
Far East Development Corporation has signed eight agreements with new residents on carrying out activities within the Free Port of Vladivostok. According to the Corporation, investments into new production facilities are estimated at over RUB 2.42 bln. Some 500 jobs are to be generated in the Primorsky Territory.
New projects will be implemented in the field of maritime tourism, fish and food production, assembling and repair of large capacity refrigerating containers, production of construction materials.
The decision was made at the 3rd meeting of the Supervisory Board of the Free Port of Vladivostok chaired by Yury Trutnev, Presidential Plenipotentiary Envoy to the Far Eastern Federal District.
Together with earlier other seven residents approved earlier (refrigerating and storing infrastructure for transshipment and storing of fish products, sport and tourism complex, innovative facility for recycling of tires, modern logistic center and agricultural enterprise) the register now includes 15 FPV residents with RUB 28.048 bln of investments into the Primorsky Territory economy.
Federal Law of the Russian Federation (No 212-FZ) "On the Free Port of Vladivostok", came into force on October 12, 2015. Free Port regime provides for a wide range of preferences and tax benefits.
To acquire a status of FPV resident a company must be incorporated within the territory of Vladivostok Free Port and invest at least RUB 5 mln within 3 years.
Far East Development Corporation JV was defined by RF Government as a company to manage Priority Socio-Economic Development Areas (PDAs) and the Free Port of Vladivostok, 100% of which is held by the Russian Government.
The list of FPV residents (in Russian) is available here >>>>
Related links:
Yuri Trutnev puts priority on attraction of domestic business to Free Port of Vladivostok (photo)>>>>
29 companies obtain status of Free Port of Vladivostok residents, investments estimated at RUB 85 bln >>>>
First residents of Free Port of Vladivostok to invest RUB 1.334 bln into economic development of Russia’s Far East (photo) >>>>
