Priority investment project (PIP) is an investment project aimed to construct, re-construct or technically re-equip the fixed assets . To be eligible for preferences, and investor must meet a range of criteria, including the capital investment volume, activity types, and salary fund.
The amount of capital investments:
Investments in the construction of buildings & structures intended for use in the production of goods (performance of works, provision of services).
- at least 250 million RUB on the territory of the Chelyabinsk and Magnitogorsk city districts;
- at least 150 million RUB (on the territories of Zlatoust, Kopeysky, Miassky city districts);
- at least 50 million RUB, (on the territory of another city district or municipal district);
- at least 50 million RUB is invested in the reconstruction and technical re-equipment of fixed assets.
The amount of capital investments:
At least 50 million RUB is invested in the reconstruction and technical re-equipment of fixed assets.
Areas for priority investment projects:
- agriculture, forestry, hunting, fishery and fish farming; manufacturings;
- provision of electric energy, gas and steam; air conditioning; water supply; sanitation;
- places of temporary residence provision; operation of hydraulic structures;
- pollution elimination;
- health care;
- landscaping;
- physical culture and wellness;
- education; culture, sports, leisure and entertainment;
- transportation and storage;
- waste management and disposal;
- telecom services.
Upon the PIP implementation , the average monthly accrued salary should be at least the average monthly nominal accrued salary of those working in the economy in the city district or municipal district.
Tax preferences:
- Income tax rate (to the regional budget) can be reduced to 13.5%;
- Property tax 0% for 5 years.