Moscow Government created special body to improve city’s investment climate

Moscow Government
Moscow Government

The corresponding decree was signed by Moscow Mayor Sergei Sobyanin (Moscow Government resolution dated August 8, 2017 No. 538-PP). According to the document, the project office will be a collegial body of the Government of Moscow whose activities will be aimed at creating favorable conditions for conducting investment and business activities, development and protection of competition, and to ensure guarantees of state protection of rights and legitimate interests of investors and entrepreneurial activity in the city of Moscow. It will perform the functions of project management.

Among the tasks of the Project office will be:

revision and approval of events’ plans (“roadmaps”) as well as the organization of events, facilitation of doing business and increasing investment attractiveness;

preparation of proposals, analytical materials, recommendations for achievement of indicators;

organization of interaction between authorities, local self-government bodies, interested organizations.

It is expected that the head of the Project office will be the Deputy Mayor for Economic Policy and Property and Land Relations.

The office’s activity will be implemented in the form of meetings held by the decision of its head (Deputy head), but not less than once per quarter.

In addition: also in August the new law on tax privileges for residents of SEZ of technical innovation type has entered into force in Moscow.

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