Arctic zone resident status may be obtained since summer 2020
Yakutia 24 TV channel: One may apply for the status of the RF Arctic zone resident from summer of 2020.
“We expect that the package of bills will come into force in summer, and it will be possible to apply for resident status in the Arctic to use the entire system of preferences,” Alexander Krutikov, Deputy Minister of Development of the Russian Far East and Arctic says.
The State Duma adopted amendments to the Tax Code in the final reading, providing for incentives for investors who plan to implement new projects in the Arctic territories.
Earlier, we reported that any entrepreneur registered in the Arctic who is ready to implement an investment project will be able to obtain the status of a resident of the territory by investing at least 10 million rubles.