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High tech sector

REIMBURSEMENT OF EXPENSES FOR OF TECHNOPARK AND (OR) INDUSTRIAL PARK CREATION/DEVELOPMENT

RECIPIENTS

The entities engaged in managing a technopark and (or) an industrial park; the entities implementing Moscow investment priority projects to create a technopark and (or) an industrial park.

SUBSIDY AMOUNT

No more than RUR 300 000 000 a year.

THE EXPENSES TO PAY INTEREST ON LOANS SHALL BE REIMBURSED AS FOLLOWS

  • in the amount of the key rate established by the Central Bank of the Russian Federation as of the application date, but not exceeding the interest rate under the loan agreement;
  • the amount of the subsidy to partly reimburse the expenses to pay interest on loans granted in foreign currency shall be determined in rubles based on the foreign currency to ruble exchange rate established by the Central Bank of the Russian Federation as of the date, when the expenses were incurred.

SUBSIDIZATION CONDITIONS

  • The status of a technopark and (or) industrial park management company, and (or) the status of a Moscow investment priority project to create a technopark and (or) an industrial park granted in the manner established by the Moscow Government.
  • The entity shall be registered as a taxpayer in the city of Moscow and carry out activities in the city of Moscow.
  • The entity shall have a loan agreement with a credit organization.
  • No unpaid taxes, fees, insurance premiums, penalties, fines, interest payable in accordance with the legislation of the Russian Federation on taxes and fees, in an amount exceeding RUR 100,000.
  • As of the application date, the entity shall not be undergoing a liquidation or insolvency procedure.
  • The entity shall not have a history of violating the contractual obligations secured by the Moscow budget, over the last three years as of the subsidy application date.
  • The entity shall not have a contract for a similar subsidy concluded (and) valid in the current year (to partly reimburse the expenses to pay interest on the same loan for the same period).
  • The entity shall be a Russian legal entity, the authorized (share) capital of which shall not contain an equity share exceeding, in aggregate, 50 percent that is owned by a foreign legal entity registered in a state or a territory included in the list of states and territories that provide a preferential tax regime and (or) do not allow the legal entity information disclosure and provision upon financial transactions (offshore zones).

SUBSIDY GRANTING PROCEDURE

  • Fill in the application form.
  • Prepare the necessary documents in accordance with Annex 1 to Resolution of the Moscow Government # 152-PP "On approval of the procedure for granting subsidies from the Moscow budget to entities that carry out industrial activities in the city of Moscow" dated April 20, 2012;
  • Submit the application and documents to the Moscow Department of Entrepreneurship and City Innovative Development within the established time frame.
  • Expect the decision of the Financial Commission at the Moscow Department of Entrepreneurship and City Innovative Development.
  • Conclude a subsidy agreement with the Moscow Department of Entrepreneurship and City Innovative Development.

YOU CAN FILE A SUBSIDY APPLICATION

TO GET THIS KIND OF SUBSIDY

REIMBURSEMENT OF EXPENSES TO PURCHASE EQUIPMENT, PAY INTEREST ON LOANS FOR DEVELOPMENT, MAKE PURCHASES UNDER LEASE

SUMMARY

  • Partial subsidization of the expenses to pay interest on loans for equipment of depreciation groups 4 to 10 (excluding vehicles) purchased at least one year before the application;
  • Partial reimbursement of the actually incurred and documented expenses for the leasing payments related to the production equipment purchase;
  • Partial reimbursement of the expenses to pay interest on loans for business development in Moscow.

SUBSIDY AMOUNT

No more than RUR 10 000 000 a year:

  • Up to 25% of expenses (excluding value added tax) for equipment purchase / business development, but not more than RUR 10 m;
  • In case of leasing payments, up to 35% of the Russian-made equipment cost (excluding VAT), up to 25% of the foreign equipment cost (excluding VAT) shall be reimbursed.

SUBSIDY GRANTING CONDITIONS

  • The applicant shall have no Moscow budget financing contracts for the purposes similar to those, for which a subsidy is granted;
  • The applicant shall have no arrears in taxes and fees;
  • There shall be no violations of any obligations stipulated in the Moscow budget subsidy agreements for the last three years;
  • the share of foreign participants in the applicant’s company (if any) shall not exceed 50%;
  • Subsidies are not provided to reimburse the expenses or lost income arising from production or sales, as well as service provision as part of the Moscow city procurement.

YOU CAN FILE A SUBSIDY APPLICATION

TO GET THIS KIND OF SUBSIDY

  1. Submit an application to the Department attaching all the necessary documents. An application shall be submitted either:
    • personally by a company head or an entrepreneur or a trusted representative directly to the Department;
    • online at mos.ru.
  2. Within 10 working days after the application is received, the applicant shall be checked for compliance;
  3. Within 12 working days, the Department shall send the application accepted for review and the submitted documents to an authorized organization (as determined by the Department).Within 10 working days, the authorized organization shall carry out a legal and financial examination, verify the information provided, and then make a conclusion. In addition, at this stage, field events are held to confirm that you are conducting business activities;
  4. To review the applications and determine the subsidy amounts, the Department shall create an industry-specific committee;
  5. The results of the application review shall be posted on the Department website;
  6. If your application is approved, then, within 15 business days from the decision date, you will receive a contract that needs to be signed and sent to the Department within 5 business days. If you do not sign it, you will be denied support;
  7. The subsidy shall be transferred to the beneficiary's account.

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