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Bashkiria offers benefits for investors

by usanews

Today, the influx of investment is extremely important for Bashkortostan, this was repeatedly stated by President Rustem Hamitov. The head of the republic promised that in order to improve the investment climate in the near future, the authorities will cancel the payment of property tax to those investors for 10 years, the amount of whose investments exceeds five billion rubles.

So far, benefits are valid for investors, according to which income tax has been reduced to thirteen and a half %, and property fees for the period from year to five years have been excluded.

Speaking at a recent forum, Rustem Khamitov said that the leadership of the region is constantly underway to expand the number of investment benefits. This forum discussed the problem of creating new jobs and ways to solve it. During the discussion, the following became clear: in order to reduce the outflow of the population from insufficiently economically developed areas and improve the situation with employment, it is necessary to build new enterprises. This task can be performed only by attracting private investments.

In his report, the president noted that the leadership of the republic makes a lot of efforts to improve investment conditions, trying to ensure the reliability of the invested funds and provide a number of certain guarantees. Also, any interaction between the regional administration and investors are held in an open and trusting environment.

Significant relevant changes affected the legislative framework. So, for example, new legal acts were created to manage the investment process and determine the forms of state assistance. For representatives of small and medium -sized enterprises, the leadership of the region removed many administrative obstacles, as a result of which Bashkiria leads in the number of entrepreneurs in the Volga district.

Over the past year 2017, the influx of investment in the economy of Bashkortostan grew by five and a half % and amounted to almost one hundred and eighty -five billion rubles. As for foreign investments, during the last year they reached three hundred million dollars, which is three times exceeds the result of the year 2016. According to the president, it is very important that now the bulk of the investment falls on manufacturing enterprises, and not in production for the production of raw materials. According to the current year, investment activity continues to grow. In the final reports for the first quarter of the current year, it is reported that the republic in the form of investments received 25.2 billion rubles, this is eight and a half % higher than the indicators of the year 2011 for a similar time period.

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