Russian companies implementing new technologies in industrial production will be able to conclude special investment contracts (SPIC 2.0) with the state twice as fast not only in 2022, but until the end of 2023. The decree was signed by Mikhail Mishustin, reports official website of the Government of the Russian Federation.
The minimum possible period for this procedure was reduced to one and a half months in April 2022. This reduction was achieved due to the revision of the regulations of part of the procedures. Firstly, now the Ministry of Industry and Trade must respond to the proposal of the investor company to conclude a SPIC 2.0 within 5 working days, and not 10 days, as it was before. Secondly, from 30–45 to a maximum of 10 calendar days, the period for developing documentation on competitive selection has been reduced. Thirdly, an investor company can submit its application for participation in the competitive selection immediately after the notice of its holding is posted. Previously, the deadline for submitting applications was only 30 days after the placement of the tender documentation.
The mechanism of the special investment contract in the 2.0 format has been in effect since the end of 2020. Within the framework of the SPIC, the investor undertakes to implement an investment project for the introduction or development and implementation of modern technology within the terms stipulated by the contract for the development of industrial production on the territory of Russia on its basis.
The state, for its part, guarantees such an investor favorable, understandable and unchanged conditions for investments, including tax incentives and special conditions for renting land without bidding.
Contracts are concluded for up to 15 years, if investments in the project do not exceed 50 billion rubles. For a larger amount, the period of the agreement can be extended up to 20 years.
The signed resolution is part of the Government's plan of measures to ensure the sustainability of the economy in the face of external sanctions pressure.
The signed document amends Decree of the Government of July 16, 2020 No. 1048.