The perspectives of using the best experience of special economic zones of Russia in the free economic zone on the territory of Crimean Republic

Alexander S. Vanyushkin () and Ruslan V. Druzin ()
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Alexander S. Vanyushkin: V.I. Vernadsky Crimean Federal University
Ruslan V. Druzin: V.I. Vernadsky Crimean Federal University

Economic Consultant, 2019, vol. 28, issue 4, 62-71

Abstract: The problem of functioning special / free economic zones in Russia is investigated. It’s shown, that the experience of functioning special economic zones of industrial and scientific – technological types in Russia is useful for increasing effectiveness of free economic zone in the territory of Crimea and Sevastopol city. The methodology of research is based on analysis of the indicators, adopted by the resolution of Russian government no. 643 from 07.07.2016 “About the order of evaluating effectiveness of functioning special economic zones”, first of all, an amount of attracted investments, as well as the components of preferential tax regime, including privilege rates of revenue taxation, period of their actuality, minimal amount of investments for obtaining privileges. Also sectoral limits for providing preferential tax regime and conditions of differentiation of such regime (sectoral export ones) in different special economic zones are compared. Besides, position in rating of investment attractiveness of special economic zones and levels of land lease rates are taken into account. The last are considered as the way for compensation of low position in the above mentioned rating in order to attract residents into special economic zones of Russia. The result of analysis of the best experience of special economic zones of Russia is reflected in practical recommendations for the free economic zone in the territory of Crimea, formulated by the authors. These recommendations include the following: expansion of the list of the sectoral limits, sectoral differentiation of minimal amounts of investments, changing the preferential regime of revenue taxation for processing sectors. Also the necessity of implementing regime of special economic zone of scientific – technological type in specified locations with well-developed infrastructure for residents in IT and R&D sectors is grounded.

Keywords: special economic zone of Russia; free economic zone in the territory of Crimea; minimal amount of investments for obtaining privileges; preferential regime of revenue taxation; period of actuality; sectoral limits; differentiation (search for similar items in EconPapers)
JEL-codes: R19 (search for similar items in EconPapers)
Date: 2019
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