Invest in St. Petersburg
In St.‑Petersburg, a system to support investment activity has been created and is being constantly improved. There is also ongoing work on the reduction of administrative barriers and the simplification of procedures for conducting investment activity — including those to obtain building permits and register property rights.
Transparent rules for conducting business, equal access to land plots and both to transport and energy resources are guaranteed to the investors. For those who are ready to participate in the development of St.‑Petersburg, all necessary conditions for the effective, stable and safe business are provided.
During the last years a huge number of investment projects have been realized in St.‑Petersburg by international companies such as Coca-Cola, Pepsi, Gillett, Wrigley, Electrolux, British American Tobacco, Bosch Siemens , General Motors, Hyundai and many others.
Assistance in realizing investment projects has made it possible to considerably reduce search times and choosing the right area, and also running all procedures necessary for building the enterprise.
Our geographical location and well developed infrastructure means our city can be considered as an entry point into Russia. The following steps should be taken in order to invest and get your business started in St. Petersburg
Get to know St. Petersburg
Take the time to collect/gather information on its geography, population, political system, economy, foreign investments, as well as on small and medium-sized business currently active in St. Petersburg.
See how attractive it is to do business in St. Petersburg
St. Petersburg has a rapidly developing economy and numerous business sectors. We have described a few of these business sectors, giving you an idea of the various growth opportunities. Print publications and internet links can provide you with a more detailed picture.
Compare St. Petersburg with other destinations and get to know about local success stories
According to numerous surveys, St. Petersburg is regarded as one of the most attractive destinations for investments in Russia. Review available benchmarking surveys and services. Review success stories and see how other companies are flourishing here.
Evaluate the costs of doing business
Costs in starting and running a business in St. Petersburg are extremely attractive. Review the costs of starting a business, human resources, real estate, communications and utilities. Through referring to publications and links you will gain a comprehensive idea of all the possibilities.
Consult and make the decision to start
Before entering the Russian market you need to understand how it functions. Initially, we would suggest that you contact your consulate in St. Petersburg and national support institutions. It is also a good idea to consult law and market research companies. Our section with stories and advice can provide you with more hints and practical experience.
Understand how to start-up a business
There are different ways to run a business in St. Petersburg. Become familiar with corporate forms in Russia at present by reading the specialized section on our web-site and from relevant publications. Again, we also suggest that you consult with law and audit companies.
Review the taxation system
It is very important to know about taxation for companies and individuals in Russia. Read our brief introduction, obtain full details from available publications and consult specialized companies.
Equip your business
St. Petersburg has the necessary infrastructure needed to run almost any business. By using the links on our website you can recruit personnel, find real estate suitable for business and obtain access to communication services and utilities.
Get the necessary certificates
To operate in Russia, in some cases, you will need a number of permits and/or certificates. Get to know more about certification by reading the information on our website and by visiting websites of other companies and authorities.
Learn about investment tax privileges
According to legislation in St. Petersburg, large investment projects and projects aimed at organizing the manufacture of innovation products, have considerable advantages or are exempt from payment of certain taxes. Some companies are exempt from payment of taxes if they are resident in St. Petersburg’s Special Economic Zone.
|
Tax |
Size of the tax decrease |
Conditions |
|
Tax on organisation of property |
from 2% to 0% |
Realization of investments on main assets of up to $28 million in 3 years |
|
The company is resident in St. Petersburg’s Special Economic Zone | ||
|
The profit tax of the organisations |
from 20% to 15,5% |
Realization of investments in the main assets of up to $28 million in 3 years |
|
Realization of investments of over $1.8 million within 3 years with a view of innovation production | ||
|
The company is the resident of the Special economic zone of St.-Petersburg |
Presently, two Special Economic Zones (SEZs) are being developed in St. Petersburg. They will have specially designed tax, legal, customs, and business regulations. Importantly, they will offer substantial tax benefits. They are aimed at facilitating further development of the processing, high-tech industry and other sectors in St. Petersburg.