Investment in fixed assets in Moscow increased in no small part due to the business support measures provided by the city government. The actively investing companies granted the statuses of a technopark, an industrial complex, and a technopark anchor resident can reduce the regional tax burden by 17–25%. A similar mechanism is applied to new investment projects.
Today, 116 Moscow companies are entitled to various benefits: 53 industrial complexes, 36 technoparks, 13 anchor residents, 13 investment priority projects, 1 motor vehicle manufacturer. Over the past five years, the investments made by the companies having the industrial complex, industrial park and anchor resident statuses amounted to RUR 95.6 bn. The number of employees of the enterprises assigned with these statuses exceeds 111,000 people.
The Technopolis Moscow Special Economic Zone residents are also granted various preferences. They can reduce the regional tax burden by 47%. In addition, within the SEZ, a free customs zone regime is applied: all the goods and equipment imported to the special territory are exempt from customs duties and taxes. The residents can establish local production using both vacant land plots in Zelenograd, and existing production, laboratory and office areas in Tekstilshchiki.
In addition to the SEZ areas, investors can acquire land for large-scale investment projects without bidding. Since 2016, the city authorities have approved 23 industrial investment projects and allocated 32 plots for project implementation. 618,000 sq. m. can be used for capital construction, the planned volume of investments is RUR 18.2 bn.
On January 1 of this year, another support measure was introduced, namely the investment tax deduction. It is granted to the companies that are located in Moscow and have the Moscow investor status. To determine the maximum investment tax deduction, the profit tax to the city budget for organizations that are Moscow investors is determined as 12.5% (category 1) and 8% (category 2). The standard rate of income tax to the city budget is 17%. The requirements and procedure for obtaining the Moscow investor status will be determined in the near future by the city government.
Moscow also provides various forms of financial support: subsidizes interest rates on loans and leasing payments, grants soft loans in an amount from RUR 10 to 200 m at 2–5% per annum, partly subsidizes the utility connection costs and much more.
All the business preferences currently provided by the city significantly contribute to a favorable investment climate. Today, entrepreneurs can establish production in Moscow and invest in the city economy under favorable conditions.