Description

The status of a major investment project makes it possible to obtain a land plot owned by the Chuvash Republic and municipality, and a land plot, in respect of which State ownership has not been demarcated, for rent without bidding; and also provides support for an investment project: advisory, methodological and information support; accelerated consideration of issues arising during the implementation of the project; control over the timely receipt by the investor of the necessary approvals and permissions; assistance in creating business infrastructure.

Terms

• the cost of the investment project implemented on the territories of rural or urban settlements, urban okrugs, except for Cheboksary, should be more than 30.0 Mio rubles, on the territory of Cheboksary – more than 50.0 Mio rubles
• documentary evidence of available funds in the amount of at least 50% of the cost of the investment project
• creation of at least 50 new jobs in the territories of rural and urban settlements, or at least 100 new jobs in the territories of urban okrugs (except for the city of Cheboksary), or at least 150 new jobs in the city of Cheboksary or annual increases in tax revenues levied on the territory of the municipality, but not less than 5.0 Mio rubles

Procedure

Sending the application form

An investor applying to recognize his investment project as a major 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 application for compliance with the requirements, sends it to the industry bodies to prepare a conclusion on the expediency of recognizing the investment project as a major and to the municipal administration where the project is planned to be implemented to determine the possibility (impossibility) of providing land plot to the investor, taking into account the land-use planning documents of the municipality, or returns the application for revision to the investor.

The term for preparing the conclusion of the industry body and information from the municipal administration is 5 working days.

The Ministry of Economic Development of Chuvashia, within 2 working days from the date of receipt of the conclusion of the industry body and information from the municipal administration, sends a comprehensive conclusion on the expediency of recognizing the investment project as a major for consideration to the Council on Investment Policy.

Taking a decision

The Council, within a period not exceeding 30 days from the date of receipt of the investor’s documents, considers a comprehensive conclusion on the investment project and decides to recommend the investment project to be recognized as a priority and to support it or to refuse recognizing the investment project as a priority.

Signing of an agreement

Based on the recommendation of the Council the Cabinet of Ministers of the Chuvash Republic takes a decision to recognize an investment project as a major investment project, after which the Ministry of Economic Development of Chuvashia signs an investment agreement with the investor on the implementation of a priority investment project according to the template, approved by the Ministry of Economic Development of Chuvashia and agreed with the Ministry of Finance of Chuvashia.

Contacts