Description

Organizations registered in the territory of the Chuvash Republic and attracting investments in the amount of more than 50 Mio rubles have the right for tax exemptions: income tax relief, property tax relief, and investment tax credits.

Terms

• Investments in the amount more than 50 Mio rubles
• Registration of an organization in the territory of the Chuvash Republic

Procedure

Sending the application form

An investor applying for tax exemptions should select the appropriate service in the "Investor's Personal Cabinet", fill out the "Project Passport", upload the required files.

Document check

The Ministry of Economic Development of Chuvashia, within 3 working days, checks the documents, sends it to the industry body to prepare a conclusion, as well as to the Ministry of Finance of Chuvashia to draw up a conclusion report for an investment project.

The term for preparing and sending to the Ministry of Economic Development of Chuvashia the conclusion of the industry body, the conclusion report for an investment project is 5 working days from the date of receipt of documents copies.

The Ministry of Economic Development of Chuvashia, within 2 working days provided that there is a full package of documents prepares the comprehensive conclusion for an investment project approved by the industry body and by the Ministry of Finance of Chuvashia, and sends it for consideration by the Council on Investment Policy.

Taking a decision

The Council studies the documents of the investor and makes the following decisions: approve the investment project and recommend the Cabinet of Ministers of the Chuvash Republic to provide state support to the investor or refuse to approve the investment project and provide state support to the investor.

Contacts