Volga | Finance, business | Industry, manufacturing

New Caspian shipbuilding economic zone to offer tax and customs benefits

2 Oct '13
A new special economic zone (SEZ) is being planned for the Astrakhan region, in the Lower Volga area, to focus on shipbuilding, portal BFM.ru reported.

The source cited the Astrakhan Governors press service as saying that the Astrakhan SEZ is expected to solidify Russias position in the Caspian Sea and assist investors in developing offshore deposits in the area.

The new zone will reportedly offer a range of tax and customs benefits and a low cost of land. For example, instead of paying 20% profit tax a SEZ resident will only have to pay 2%. Each resident is also eligible for a five-year land tax exemption and a ten-year property and transport tax exemption.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
Find Related Content

Locations: Astrakhan

Latest News: Volga
6 Aug '18 | Technology & innovation
20 Apr '18 | Finance, business | Technology & innovation
26 Feb '18 | Technology & innovation
26 Feb '18 | Technology & innovation
12 May '17 | Technology & innovation | Industry, manufacturing

Feature stories

27 Aug '18
7 Jun '18
Russian scientists have come up with a new method of...
3 Apr '18
In regions most of European Russians will hardly ever...
Search (News archive - 21280)
Independent Software Developers Forum
Marchmont News

Latest News

15 Oct '18
InSize, a Russian company, has developed and is...
11 Oct '18
Russia is stepping up support for developers of IT...
10 Oct '18
Primer Capital, a Russian venture fund, has invested...

Most read stories from last week