According to the Bank of Russia, the volume of accumulated direct foreign investments in Moscow on January 1, is. Almost half of all foreign investment in the country.
Many foreign companies have organized their production on the territory of Moscow.
Foreign investors, like Russian, use of exemptions and preferences offered by the city. According to the head of the Department of investment and industrial policy of Alexander Prokhorov, the projects involving foreign investment contribute to the development of the city and to provide Muscovites with jobs.
“Therefore, to support new investment projects in the sphere of industrial production the city provides tax incentives on income, property, land and rentals for the areas”, — said the Minister.
One of the companies that received the support of the city’s plans to build in the capital center for gerontological.
“She was awarded the status of priority investment project that will enable the company in implementation of the project to reduce the overall regional tax burden by 25 percent. In particular, 26 percent will be reduced regional profits tax, set to zero the tax rate on the property, the rent for the land will amount to only 0.01% of the cadastre”, — said the Director of the City Agency for investment management Leonid Kostroma.
the Moscow Government has adopted a new package of measures to support entrepreneurs.
the Favorable investment climate of Moscow international experts say. For example, in the world Bank’s Doing Business 2020, Russia takes the 28th place, ahead of Japan, France and Switzerland. The experts evaluated two Russian cities — Moscow and St. Petersburg. The overall result of the country rating of 70 percent dependent on capital.
