Why is this important
The efficiency of industrial zones directly affects the inflow of investments and the launch of new industries. The new mechanisms allow the directorates of industrial zones to more actively participate in the development of infrastructure and services for residents. Addressing the issue of unfinished facilities reduces the risks of “freezing” projects and unused assets.
What happened
- The Cabinet of Ministers approved new measures to improve the operation of industrial zones and accelerate the implementation of projects in them.
- The temporary provision on the transfer of unfinished facilities will be in effect until the adoption of the law “On Industrial Zones”.
- After the investor is stripped of the participant status, the unfinished objects are transferred to the ownership of the directorate along with the land.
- State registration of the lot is carried out within two weeks, valuation — within one month.
Numbers and facts
- Industrial zone directorates may participate in service projects on the terms of shared financing.
- The minimum investment volume for such a project is set at $100,000.
- Shared participation is allowed only with the consent of the project initiator.
- Land plots for projects are allocated through online auction.
- The directorate’s share in the company’s authorized capital cannot exceed 49% and is equivalent to the market value of the land plot lease.
- If the co-founders do not exercise their preemptive right to purchase, the directorate’s share may be privatized, as a rule, within 3 years.
Context
- Industrial zone directorates receive additional tools to participate in the development of service projects and asset management in their territory.
- The possibility of equity participation and subsequent privatization creates a flexible mechanism for attracting investments.
- The temporary procedure for working with unfinished facilities forms the legal basis for their involvement in economic circulation before the adoption of a separate law.
