ST. PETERSBURG INVESTMENT DECLARATION

1. The current St. Petersburg’s Investment Declaration is intended to improve St. Petersburg’s investment climate.

2. The Investment Declaration establishes the following St. Petersburg state power’s executive bodies interaction principles with the investment entities:

  • equality - a non-discriminatory approach to all investment activity subjects within the predetermined and public priorities system;
  • involvement - investment activity’s subjects participation while preparing decisions, affecting their interests, adopted by St. Petersburg state authorities, as well as in assessing the current decisions implementation;
  • transparency - the general availability of St. Petersburg state authorities’ documented data, except for the information, constituting state and other secrets, protected by the federal law;
  • best practices - administrative procedures and legal regulation orientation to the best interaction practice of the Russian Federation subjects with the investment activity’s ones from the entrepreneurial and investment activity subjects’ interests point of view.

3. Investment raising is one of the main St. Petersburg development tools. The most favorable conditions for investors in St. Petersburg are created for the investment projects implementation in accordance with the applicable law.

4.The main St. Petersburg investment policy directions are:

  • normative legal acts improvement, regulating St. Petersburg’s investment and innovative activity;
  • government support use efficiency measures improvement for investment activities;
  • administrative barriers reduction.

5. St. Petersburg guarantees to prevent the investors from the laws adoption, which worsen the investors’ position within St. Petersburg Government competence.

6. St. Petersburg implements measures, aimed at the administrative barriers reduction, including through the «The One-Stop-Shop front office» principle implementation within the investors interaction with St. Petersburg executive authorities in order to implement investment projects.

7. St. Petersburg provides the investors with financial support in the following form:

  • tax benefits;
  • the subsidies provision from St. Petersburg budget in accordance with the applicable law;
  • the preferential rental rates provision for St. Petersburg property use;
  • investment tax loans provision;
  • other forms, provided by the applicable law.

8. St. Petersburg guarantees the general data availability on the decisions, made in the investment activity field, as well as an opportunity of investment entities participation in the decision-making process and their implementation evaluation.