• Income tax: reduction of the rate to the regional budget to 12.5%

• Property tax: exemption for newly created/acquired property

• Land tax: exemption

• Rent of land in state/municipal property on preferential conditions

• Rent of real estate in state property of the Nizhny Novgorod Region on preferential conditions

• Term of tax benefits – 5 years (with the possibility of extension to 7 years)

• Government guarantees of the Nizhny Novgorod Region

• Subsidizing some expenses for interest on loans (in the amount of ½ refinancing rate)

The following support measures are provided for agricultural enterprises with an investment of at least RUB 2.5 billion that implement priority investment projects:

• Reimbursement of costs for the creation of utility infrastructure/technological connection to electric networks/utility networks

Status granting:

The status of a priority investment project of the Nizhny Novgorod Region may be granted to investment projects implemented on the territory of the Nizhny Novgorod Region, if one of the following conditions is met:

• The investment project is implemented in the municipal district (urban district) of the Nizhny Novgorod Region with a subsidy level more than 5%

• The investment project has an investment volume of over RUB 100 million

  The total amount of benefits provided to the investor may not exceed the amount of investments for the implementation of the investment project.

The total amount of benefits provided to an investor cannot exceed the amount of investments aimed to implement an investment project.

The support is provided by:

The Ministry of Economic Development and Investments of the Nizhny Novgorod Region

+7 (831) 439-06-62

Contact person:

Marycheva Stella

Head of the Department for Examination of Investment Projects and Applications

+7 (831) 419-54-15

• Income tax: the tax rate reduction to the regional budget to 5% for 5 years, 10% – for the next 5 years

• Property tax: exemption

• Land tax: exemption

• Insurance premiums: total rate reduction to 7.6%

• Benefit period: 10 years

Conditions for obtaining TASED resident status.

The Sarov TASED:

• Not less than rub 5 million of project investment

• Eligible economic activities  

Volodarsk and Reshetikha TASED:

• Not less than RUB 2.5 million of investment in the first year of the project implementation

• At least 10 new jobs within the project

• Eligible economic activities

The support is provided by:

Sarov TASED

Contact person:

Sysoeva Anna

Director of the Department of Economic Development

+7 (83160) 4-23-41

official@adm.chk.nnov.ru

The Volodarsk and Reshetikha TASED

Contact person:

Mironov Alexander

First Deputy Head of the District Administration, Head of the Construction, Housing and Utilities Department

+7 (83136) 4-09-79

official@adm.vld.nnov.ru

• The maximum subsidy amount is RUB 5 million

• Calculation of subsidies - 0.8 key interest rate of the Central Bank of the Russian Federation

Conditions for subsidy obtaining:

List of expenses to be subsidized:

• Land acquisition

• Design work

• Reconstruction of premises

• Purchase of fixed assets

• Certification

• Acquisition of instrumentation and test equipment

The support is provided by:

The Ministry of Industry, Trade and Entrepreneurship of the Nizhny Novgorod Region

+7 (831) 435-11-08

Contact person:

Titov Artem

Head of the Department of State Support

+7 (831) 435-16-64

Laws and regulations:

Conditions for subsidy obtaining:

Interest under loan agreements not older than 3 years is reimbursed.

Purpose of the loan agreements:

• Replenishment of working capital

• Technical re-equipment

The support is provided by:

The Ministry of Industry, Trade and Entrepreneurship of the Nizhny Novgorod Region

+7 (831) 435-11-08

Contact person:

Vaganov Sergey

Head of the Department of Civil Industries

+7 (831) 435-17-23

Laws and regulations:

• Compensation of costs ( profects form RUB 2.5 billion ) for creation of:

- Engineering infrastructure

- Technological connection to electric networks

- Networks/ Utility networks

• Reimbursement of some expenses for paying loan interest:

- Investment loans (up to 10 years) - 100% of the key rate of the Central Bank of the Russian Federation

- Short-term loans (up to 1.5 years) - 80% of the key rate of the Central Bank of the Russian Federation

• Restructuring of agricultural producers' debts to budgets of all levels and state extra-budgetary funds

• Write-offs of penalties and fines, provision of deferrals and installment payments in the amount of the principal debt and accrued interest, write-offs of the principal debt and accrued interes

The support is provided by:

The Ministry of Agriculture and Food Resources of the Nizhny Novgorod Region

+7 (831) 439-09-85

Laws and regulations:

• Income tax: rate reduction to the regional budget till 5% for 5 years, 10% - over the next 5 years

• Property tax : payment exemption

• Land tax: payment exemption

• Insurance fee : total rate reduction to 7.6%

• Term for granting benefits: 10 years

Conditions for obtaining the status of a TASED resident:

TASED «Sarov»:

• At least RUB 5 million investment in the project

• Compliance with established types of economic activities

TASED «Vologarsk» и «Reshetikha»:

• At least RUB 2.5 million investments during the first year of the project 

• At least 10 new jobs within the project

• Compliance with established types of economic activities

The support is provided by:

TASED«Sarov»

The contact person:

Sysoeva Anna 

Director of the Department of Economic Development

+7 (83160) 4-23-41

official@adm.chk.nnov.ru

The Volodarsk and Reshetikha TASED

The contact person:

Mironov Aleksey 

First Deputy Head of the District Administration, Head of Construction and Housing and Communal Services

+7 (83136) 4-09-79

official@adm.vld.nnov.ru

Legal and regulatory framework:

Benefits offered to investors:

• Income tax: exemption

• Property tax: exemption

• Land tax: exemption

• Land lease: reduction of state/municipal land lease fees

• Accelerated depreciation for SIC fixed assets

• Term of tax benefits - 10 years

Conditions of benefits provision:

• SIC are concluded on projects with an investment of at least RUB 750 million

• The projects should provide for the creation or modernization of industrial production and the creation of jobs, development of industrial products at the created (modernized) production capacities and mandatory investment costs

Benefits offered to investors:

• Stability of business conditions for the investor

• Tax benefits

• Granting the "Made in Russia" status for products with a contingent localization condition

• Access to public procurement

• Access to subsidizing

• Creation of infrastructure facilities by constituent entities of the Russian Federation, special land lease conditions

Conditions of benefits provision:

• SICs for not more than 15 years for projects with an investment volume of up to RUB 50 billion. For projects with an investment volume of more than RUB 50 billion – not more than 20 years

• The preferential income tax rate is valid to the extent that tax and non-tax expenses of the project budget do not exceed 50% of capital investments

• The term of SIC can be extended by the Government of the Russian Federation if restrictive measures established by a foreign state apply to the investor

Responsible authority:

Consulting Center of the Industry Development Foundation of the Russian Federation

 8 (800) 500-71-29

+7 (495) 120-24-16

ask@frprf.ru

Laws and regulations:

The corporate competitiveness enhancement program is a program of the organization's activities aimed to increase competitiveness, production and export products.

The program provides a subsidy to compensate the part of the interest on loans to organizations implementing corporate programs to improve competitiveness.

Access to concessional lending mechanisms is provided in the following areas:

• Letters of credit

• Forfaiting

• Loans to foreign costumers and their banks

• Post-export financing and international factoring

• Investment loans for the creation of export-oriented production in Russia and / or abroad

The support is provided in the form of the reimbursement of interest rates to credit institutions, who finance:

• Organization of Russian production facilities in foreign countries or export-oriented production facilities in the Russian Federation - no more than 60 billion rubles per project

• Other export financing - no more than RUB 30 billion per project

Terms and conditions:

Subsidy: no more than 4.5% per annum

Implementation period: from 2 to 5 years, no later than December 31, 2024

One of the following conditions has to be met by the organization:

• conclusion on confirmation of products production or written obligation of the confirmation of products production in the Russian Federation, excluding pharmaceuticals (received a license for medicine production for pharmaceutical manufacturers)

• was received on the confirmation of the production of products or a written obligation was submitted to obtain (submit) an conclusion on the confirmation of the production of products in the Russian Federation (drug manufacturing license - for manufacturers of pharmaceutical products)

• A member of an industrial cluster who manufactures products with the confirmation of products production in the Russian Federation, excluding pharmaceuticals (received a license for medicine production for pharmaceutical manufacturers).

• Products are exported (subject to export) for subsequent use by Russian industries in foreign countries

• A special investment contract (SPIC) has been concluded

Supervised by:

Consulting Center of Industrial Development Fund

8 (800) 500-71-29

+7 (495) 120-24-16

ask@frprf.ru

Legal and regulatory framework:

Conditions:

• Reimbursement for up to 70% of the CBR key rate

• Loan term of at least 3 years

• Loan from RUB 150 million to RUB 7.5 billion

• Commissioning of production capacities under the project after January 1, 2017

• Loan funds do not exceed 80% of the project cost

Authorities responsible for the provision:

Consultation Center of the Industrial Development Foundation

8 (800) 500-71-29

+7 (495) 120-24-16

ask@frprf.ru

Ministry of the Industry and Trade of the Russian Federation

Contact person:

Grishina Daria

+7 (495) 870-29-21 (доб. 215-18)

grishinadv@minprom.gov.ru

Laws and regulations:

Costs for:

• Payment of raw materials, materials and components necessary for the production of a pilot lot

• Payment for the manufacture and/or acquisition of instrumentation and test equipment used for the production of a pilot lot

• Acquisition of consumables

• Logistic costs for the supply of a pilot lot

• Remuneration of workers employed in the production of a pilot lot does not exceed the average wage in the region

• Engineering and design of the pilot lot

Authorities responsible for the provision:

Consultation Center of the Industrial Development Foundation

8 (800) 500-71-29

+7 (495) 120-24-16

ask@frprf.ru

Ministry of the Industry and Trade of the Russian Federation

Contact person:

Olesya Bogdanchikova

+7 (495) 870-29-21 (доб. 22041)

bogdanchikovaoa@minprom.gov.ru

Laws and regulations:

Terms of provision:

• Subsidy of not more than 80% of the cost of product transportation under an export contract

• Product transportation was carried out not earlier than October 1 of the year preceding the current financial year

• Products were transported from departure points located in the Russian Federation to the final destination by road transport of not lower than the 3rd ecological class, railway transport, water transport, on its own or several modes of transport

• The costs correspond to the established limits

Responsible authority:

Unified reference service of Russian Export Center JSC

+7 (800) 550-01-88

+7 (495) 937-47-47

Laws and regulations:

• Loan amount – RUB 50-750 million

• Interest rate – 1-5% p.a.

• Loan period –up to 6 months

Loans are provided for the following financing programs:

• Development projects

• Machine tool engineering

• Components

• Conversion

• Leasing projects

• Labelling of drugs

• Labor productivity

• Digitalization of industry

• Priority projects

• Resistance to epidemic diseases

Responsible authority:

Consultation Center of the Industrial Development Foundation

+7 (800) 500-71-29

+7 (495) 120-24-16

ask@frprf.ru

Crediting:

• Loan rate: not higher than 8.5%
• Loan for investment purposes up to 10 years, loan amount from 0.5 million to 1 billion rubles
• Loan for working capital replenishment up to 3 years, the amount of the loan for working capital replenishment from 0.5 million to 100 million rubles

Responsible authority:

The Ministry of Industry, Trade and Entrepreneurship of the Nizhny Novgorod Region

+7 (831) 435-11-08

Contact person:

Titov Artem

Head of the Department of State Support

+7 (831) 435-16-64

Crediting:

• Microfinance:

     - Loan interest rate: % per annum

     - Loan amount: RUB 50 thousand to RUB 5 million

     - Loan period: 36 months

• Lending programs subject to job creation:

     - Loan amount: RUB 50 thousand to RUB 5 million

     - Loan rate: 6.5%

Provision of guarantees:

• Guarantee amount: up to RUB 25 million

• Consideration amount: 0.75%

• Guarantee amount: up to 70% of the obligation

Responsible authority:

Agency for the Development of the Guarantee System and Microcredit Company for Small and Medium-Sized Enterprises of the Nizhny Novgorod Region

+7 (831) 296-09-33

info@garantnn.ru

«UMNIK» Program

Grants to young scientists in the amount of RUB 500 thousand for 2 years

R&D term: 12 to 24 months

«START» Program

R&D grants up to RUB 9 million

Term of project implementation: 1.5 to 3 years

«Development» Program

R&D grants for projects of the National Technological Initiative”, up to RUB 20 million

R&D term: 12 to 24 months

«Commercialization» Program

Grants to companies that have completing R&D for the creation or expansion of the manufacture of innovative products

Grant amount: up to RUB 15 million

Term of project implementation: 1 year

«Internationalization» Program

Grants to small innovative companies in the amount of up to RUB 15 million to support the export of products

Term of project implementation: 18 to 24 months

«Cooperation» Program

Grants to small companies for the implementation of innovative projects for further commercialization through a large company with a developed distribution network.

Maximum grant amount: RUB 25 million

Term of project implementation: 18 to 24 months

Responsible authority:

Representative of the Bortnik Foundation in the region, Nizhny Novgorod Innovation Business Incubator

+7 (831) 469-01-64

info@bi-clever.ru

• Development projects:

     - Loan amount – RUB 20-100 million

     - Interest rate - 3% during the first 3 years with a bank guarantee, 5% - with other types of collateral

     - Loan period – up to 60 months

• Components:

     - Loan amount – RUB 20-100 million

     - Interest rate - 1% for the first 3 years, 5% - for the remaining term

     - Loan period – up to 60 months

Responsible authority:

Consultation Center of the Industrial Development Fund

8 (800) 500-71-29

+7 (495) 120-24-16

ask@frprf.ru

Regional Foundation for the Development of Industry and Venture Investments in the Nizhny Novgorod Region

+7 (831) 296-09-40

info@frpnn.ru

Leasing or financial lease is a long-term lease of property, its transfer for temporary use on the terms of payment, urgency and return or redemption.

Types of leasing:

1. Financial leasing assumes that at the end of the contract the object becomes the property of the lessee. To do this, lease payments are calculated in the way to cover the market value of the object, or at the end of the lease, a fairly large redemption payment is paid.
2. Operational leasing is issued if the lessee is not interested in transferring ownership of the object to him. During the term of the contract, an individual uses the leased object, making lease payments that do not cover the total cost of the object. At the end of the agreement, the object is returned to the lessor.

More detailed information about the financial instrument "Leasing" can be obtained from representatives of leasing companies operating in the Nizhny Novgorod region.

Corporate bonds are securities issued by commercial companies to finance their activities.

Types of corporate bonds:

* classic

* stock exchanges

* commercial

Their differences are in the registration authority and in the sites where they are sold.

More detailed information about the financial instrument "Corporate Bonds" can be obtained from the members of the Pool of co-organizers of the issue of corporate bonds, the list is posted on the website of the Chamber of Commerce and Industry of the Nizhny Novgorod Region.

Professional participants of the financial market interested in joining the Pool of co-organizers of the issue of corporate bonds of the Nizhny Novgorod region, consultations are available by phone:

The Nizhny Novgorod Association of Industrialists and Entrepreneurs – (831) 433-33-29

Volga-Vyatka Main Branch of the Bank of Russia – (831) 430-55-09

• Information provision (sending of relevant information on current state support measures and planned activities to investors)

• Consulting (advising investors on state support, procedures for doing business)

• Support of applications to federal authorities on assistance to investors in the implementation of their projects

• Assisting in the creation of a business infrastructure, which includes the selection of land for production in accordance with the investor’s technical conditions