Investment declaration

GOVERNOR OF VORONEZH REGION

DECREE No.417-y
of November 23, 2012

ON APPROVING INVESTMENT DECLARATION OF VORONEZH REGION

In order to create the conditions to ensure a favorable investment climate and the state guarantees of protecting the rights and legitimate interests of business and investment activities I hereby order:

1. To approve the investment declaration of the Voronezh Region.
2. I reserve control of execution of this Decree.

Acting
Governor of the Voronezh Region
Y.V. AGIBALOV

Approved by
Decree No. 417-y
of Governor of the Voronezh Region
on November 23, 2012

INVESTMENT DECLARATION OF VORONEZH OBLAST

  1. Investment Declaration of the Voronezh Region has been designed to create a favorable investment climate for the implementation of investment projects in the region, ensure their administrative support and assistance in undergoing conciliation and licensing procedures in the process of preparation and implementation of investment projects.
  2. The goal of the investment policy of the Voronezh Region is to implement the strategic plan for economic and social development of the region, aimed at boosting the domestic economy, increasing the efficiency of social production, as well as ensuring a decent standard of life for the citizens of the region.
  3. Legal relations associated with the investment activity in the Voronezh Region are governed by the Constitution of the Russian Federation, the Charter of the Voronezh Region, federal laws and the laws of the Voronezh Region, as well as other regulatory acts.
  4. Investment Declaration of the Voronezh Region establishes the following principles of interaction between the government and subjects of business and investing activities:

- equality – a nondiscriminatory approach to all subjects of business and investing activities in the framework of a pre-determined public system of priorities;
- involvement - participation of business and investment entities in decision making process affecting the socio-economic development of the region, and assessment of their implementation;
- transparency - public availability of the documented information of the region government bodies (with the exception of sensitive information);
- best practices - administrative procedures and control using the best practice of interaction of subjects of the Russian Federation and subjects of investing activity serving the interests of business and investing activities.

  1. In accordance with the current legislation of the Russian Federation the Governor of the Voronezh Region shall guarantee the protection of investments, as well as the rights and interests of business and investing activities, including:

- equal treatment of all subjects of business and investing activities;
- participation of business and investment entities in the process of taking decisions important for the region and assessment of their implementation;
- access to public information of the executive bodies of the Government of the Voronezh Region;
- no restrictions on the implementation of investment projects that, under the current legislation, do not threaten the life and health of the people;
- adoption of administrative procedures based on the Voronezh Region innovative approach to all kinds of activities carried out in the region and result-oriented best practices of interaction between government and business and investing entities;
- safety of doing business and holding investing activity in the Voronezh Region;
- protection of capital investments;
- non-interference of state bodies and officials in the process of concluding investor agreements (contracts), choice of partners, and definition of liabilities;
- resolution of difficult situations and conflicts through negotiation.

  1. In the Voronezh Region protection of rights of business and investment entities is ensured in the event of such circumstances, including breach of the terms and conditions of access to existing support mechanisms and implementation of investment projects.
  1. In the Voronezh Region a complex administrative support is given to the subjects of business and investing activities, including the implementation of measures to reduce and simplify the procedures related to investment projects monitoring and the issuance of permits in accordance with the laws of the Voronezh Region, providing measures of the state (regional) support.
  1. In order to assist the speedy implementation of investment projects, business and investment entities are encouraged to establish their manufacturing in specialized industrial and technology parks with all the necessary infrastructure, located in various parts of the Voronezh Region.
  1. Investors implementing investment projects on the territory of the Voronezh Region are offered state (regional) support in accordance with the local laws, including tax privileges concerning reduction of income tax rates and exemption from property tax.
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