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Residents of the Baltic Valley – Humantek will be exempt from VAT for ten years

Residents of the Baltic Valley – Humantek will be exempt from VAT for ten years

Thanks to state support, the Innovative Scientific and Technological Center (INTC) in Kaliningrad will be able to offer tax and other benefits to its participants. This is reported on the website of the government of the Kaliningrad region.

On July 29, the Minister of Economic Development of Russia Maxim Reshetnikov held a meeting with the governors on the current status of the development of innovative scientific and technological centers. At it, the head of the Kaliningrad region told how the work on the creation of an INTC in the westernmost region of the country is progressing.

"We received the INTC in February of this year. Today, internal regulations have been developed, a land plot of about one hectare near the Fabrika Scientific and technological park and seven real estate objects have been transferred to the ownership of the fund. As for attracting "anchor" partners, among them we see a group of companies that are currently building plants for the production of solar panels in the east of the region," Anton Alikhanov said.

Five companies have already confirmed their interest in participating in the Kaliningrad project. The regional authorities, together with the initiator of the INTC – BFU named after I. Kant, continue to negotiate with other potential residents of the Baltic Valley. They are attracted, among other things, by tax benefits, for example, exemption from VAT for 10 years. At the same time, in the first three years, that is, until 2025, during the creation of the center's infrastructure, such benefits can be obtained remotely without being physically present on its territory.

According to the head of the Ministry of Economic Development of the Russian Federation Maxim Reshetnikov, the value of the INTC increases significantly in the current sanctions restrictions.

"Most of the INTCS were created on behalf of the President to become a center of attraction for science and business, to create a favorable environment for their interaction, including through comfortable regulatory conditions for urban planning, educational and medical activities, and tax conditions. In the current conditions, the centers are becoming even more relevant – they should become our response to sanctions, accelerate the implementation of the policy of technological independence," the minister said.

According to the Ministry of Economic Development, ten INTCS have already been created in Russia, in which more than 80 residents work. Five more projects are at the stage of preparation or consideration of applications.

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Author: Andrey Karabanov

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