About Chuvashia
The Chuvash Republic is a region of Russia with great innovative potential and serious competitive advantages.Advantages
1. Favorable geographic location
The Chuvash Republic occupies a favorable geographic location in the center of the European part of Russia at the distance of a little more than 660 km from Moscow.
Transport infrastructure of the region: international airport, railway station, river port.
The republic is located at the intersection of transportation lines connecting Europe and Asia. Here, the high-speed network Moscow-Kazan will be directed, which will constitute the «New Silk Road».
2. Strong human resources and scientific engineering potential
Scientific infrastructure:
- Regional engineering center of the Chuvash Republic
- Center for Standardization, Certification and Testing
- Academy for electrical sciences of the Chuvash Republic
- KVANTORIUM сhildren's science park
Interregional center of excellence in the field of industrial and engineering technologies training specialists of «Automation, Electronics and Radio Engineering» in compliance with the WorldSkills standards.
13
higher educational establishments36 800
students
3. Broad range of Governmental preferences
50%
property tax exemption for the enterprises raising funds that exceed 50 mln. rubles14%
profit tax rate for companies investing the amounts that exceed 50 mln. rubles0,1%
property tax rate for projects priced at more than 5 bln. rubles50%
partial cost recovery related to equipment acquisition targeted at raising and/or development or upgrading of the production4. Wide scope of allocating sites with well-developed infrastructure
Chuvashia is willing to offer the sites completely different and customer oriented for every investor— brownfields with accessible infrastructure and greenfields with the opportunity to arrange the infrastructure based on the investor’s own preference.
The region welcomes the investors to locate their production in the industrial parks of the republic and in the advanced development zones of Kanash, whose residents are provided with tax preferences.
5. Experience in inward investment project implementation
Our foreign partners confiding in us: German Develey GmbH, Spanish Roca Group, Serbian ABC Electro, subdivision of the German METRO Group, Italian Unicusano, German companies Siemens and Weidmuller.
