Legislation

Following the basic principles of state policy in the investment area, in order to attract both foreign and Russian investors, the Vladimir region administration exercises powers regarding regulation of investment activities using a wide range of forms and methods.  

More than 40 laws aimed at business development and solution of pressing social issues were adopted in the Vladimir region.   The basic document in investment area is the Law of the Vladimir region of 02.09.2002 № 90-ОЗ "On State Support of the Investment Activities realized in the Form of Capital Investments on the Vladimir Region Territory".

According to the Law, the investment project pretending to state support should satisfy  the following demands:
  1. the volume of capital investments should constitute not less than 100 million roubles;
  2. the project should have its objectives:
  • new production development; technical retooling of production; realization of updating, reconstruction and completion of incompleted construction projects;
  • investment into the necessary facilities provision of land plots or  of existing production areas by new construction or by reconstruction, for further placement of facilities  of strange organizations engaged in industrial production, development and research activities, providing of transportation and logistics  services, tourist services activities, providing municipal services to population, and other activities not interdicted by current legislation;
  • investment into agriculture.
The basis for granting state support of investment activities is realization of approved  investment project. State support of the investment activities is realized within the period of investment project realization.
Investment projects are subject to obligatory economic expertise according  to the to the Resolution of the Governor of the Vladimir region of 19.04.2010 N 471 "On Confirmation of Investment Project Approval Regulations".

State support of investment activities can be carried out in following forms:
1)    development and realization of the regional directed investment program of the Vladimir region;
2)    granting budgetary investment in the Vladimir region;
3)    granting regional budget state guaranties;
4)    granting tax privileges;
5)    granting budgetary credits;
6)    granting subsidies from the regional budget;

7)    granting landplot into ownership.