The don Parliament supported amendments to the Federal law "on industrial policy in the Russian Federation" regarding the regulation of special investment contracts.
The mechanism for special investment contracts (SPIC) was launched in 2015. On August 2, 2019, the relevant Federal law was amended to improve the SPiC mechanism and further stimulate the attraction of long-term non-state investments in the production of high-tech industrial products. However, there was a specific legal conflict. A few days before changes were made to the Federal law on industrial policy, three special investment contracts with a total investment volume of over 45 billion rubles (two in the pharmaceutical industry and one in the automotive industry) were signed. Each of them includes projects related to the production of advanced industrial products, significant tax deductions to the budget, new jobs, and certain preferences that investors were counting on. It is now possible to complete the procedure for concluding these three Spics only by introducing special transitional legislative provisions. This is what the draft law submitted to the State Duma by the Government of the Russian Federation proposes.
The key feature of the special investment contract is that this mechanism of state support guarantees maximum protection of the interests of investors, including stability, stability of the tax burden, various benefits and preferences that businesses receive during the implementation of the project. The Federal government's proposed amendments to the industrial policy act demonstrate that the Spica mechanism really works, protecting investors from any negative impacts. Regardless of legislative innovations, the terms of special investment contracts should not change for the worse for investors. this is the principled position of the Federal authorities.
Special investment contracts are one of the most popular mechanisms for attracting investment to the Rostov region. In terms of the number of special investment contracts concluded, the Rostov region is one of the top five regions in Russia. To date, four such contracts have been signed, which will bring the economy of the city and the region more than 5.6 billion rubles of investment and will create several hundred jobs.