LEGISLATION IN THE INVESTMENTS FIELD

FEDERAL LEGISLATION

State support of St. Petersburg investment activities is carried out in accordance with federal and regional laws, providing the required legal conditions for investor’s cooperation with the state.

Existing federal investment legislation regulates the investment activity development in the Russian Federation, as well as defines norms, intended to increase the legislative initiative opportunities in the regions.

The regulation subject: investment activities’ legal and economic foundations, carried out in the capital investments form in the Russian Federation. Besides the law guarantees the equal rights, interests and property protection of investment activities’ subjects, carried out in the capital investments form, regardless of the ownership type.

Regulation subject: relations on the land use and protection in the Russian Federation as the peoples’ life and activity basis, living in the relevant territory. In addition to other things, the law establishes the main state-owned land plots provision ways for both construction and reconstruction.

Regulation subject: relations arising in due to the concession agreements reparation, signing, fulfilling and termination. The law establishes the parties’ guarantees for the rights and legitimate interests of the concession agreement parties in order to create (reconstruct) real estate, owned by a public entity, to subsequently operate and generate income.

Regulation subject: relations arising due to the preparation of the public-private partnership project, the municipal-private partnership project, the public-private partnership agreement signing, fulfilling and termination, the municipal-private partnership agreement, including the public authorities’ and local government bodies’ relevant powers. The law establishes the guarantees for the public-private partnership agreement parties’ and municipal-private partnership agreement parties’ rights and legitimate interests.

 

ST. PETERSBURG LEGISLATION

St. Petersburg has got certain laws number, regulating investment activity at the regional level in addition to the federal legislation in the investment field. The current laws reflect the city’s focus on long-term and mutually beneficial cooperation with both investors and partners, as well as its desire and willingness to support investment activities and facilitate the strategically important projects implementation as well.

Regulation subject: the current St. Petersburg law is aimed at the investment activity increase in St. Petersburg as well as favorable conditions creation to ensure the participants’ rights, interests and property protection within the investment activity as well as the healthy competitive environment formation, urban infrastructure development, new tax payments sources formation, new jobs formation, maintaining a favorable environmental state in St. Petersburg.

Regulation subject: the current St. Petersburg law establishes the real estate provision procedure and conditions, owned by St. Petersburg, for carrying out investment activities, if such activity result is newly created real estate (a new thing), including the powers and authorities definition and investment conditions establishment order.

Regulation subject: the current St. Petersburg law contains the rules, related to St. Petersburg strategic investment project, strategic investor and strategic partner status determination, including the corresponding status assigning procedure.

  • St. Petersburg Government Decree, dated July 21, 2015 No. 656 «On the regulation approval on the interaction procedure between St. Petersburg state power’s executive bodies while both preparing and adopting the real estate provision decisions, owned by St. Petersburg for construction, reconstruction and adaptation for modern use».

Regulation subject: the interaction between St. Petersburg state power’s executive bodies while both preparing and adopting the real estate provision decisions, owned by St. Petersburg for construction, reconstruction and adaptation for modern use.