From January 2020 on, the Government of the Leningrad Region improves the conditions for investors
At the end of 2019, the Government of the Leningrad Region announced new comfortable conditions for business in the region.
The regional investment project envisages effective financial support measures, as well as a number of tax benefits:
- income tax reduced to 10% (refers to Manufacturing, as per All-Russian Classifier of Economic Activity Types), it remains unchanged for all others – 13.5%
- property tax – 0%,
- for projects featuring 50M Rubles and up of investment volume (700,000 euros for foreign companies) throughout the region.