Legal Regulations for external economic relations.

The articles you find here describe legal grounds for investment activities in St. Petersburg and provide investors with knowledge which of the legal acts protects their rights and secures their income.

The investment policy has been exercised by the St. Petersburg Administration within the last few years and has been oriented toward providing favorable conditions for attracting investments to the city economy on the base of investment attractiveness improvement. Thus in 1998, a number of legislative and standard documents assisting in rise of investment activity in St. Petersburg and in protecting investors and securing their rights was developed.

The city legislation enables privilege taxation for the enterprises with the foreign investment involvement that carry out the investment projects on capital investment in St. Petersburg. Government provides investors with privileges at real estate rent for the purposes of the investment activity exercised in respect of rented real estate as well as with payment term prolongations and payment by installments for a time period not more than 5 years in respect of payments for real estate objects owned by St. Petersburg and granting property rights for these objects on investment conditions according to the procedure approved by the St. Petersburg Administration.

Governmental support for the investors exercising their activity on the territory of the city is being performed by providing investors with guarantees of St. Petersburg in exchange for ensuring of return of funds drawn by investor for investment activity exercise in amount stipulated every year in the St. Petersburg budget.

Detailed information about these and other favours for foreign investors in St.Petersburg can be found at our site.