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Regional information

Investment rating of the Khanty-Mansiysk Autonomous Area

The Government of the Khanty-Mansiysk Autonomous Okrug is interested in attraction of domestic and foreign investments into the economy of the region.


To create the favourable investment climate in the region the Government and deputies of the Duma (Parliament) of the Khanty-Mansiysk Autonomous Okrug carry out the activities on formation of the legal base.
The key aims of the investment policy by the Government of the Khanty-Mansiysk Autonomous Okrug are as follows:

  • expansion of the taxable base and, as a sequence, increase of receipts into the consolidated budget;
  • diversification of multi-tiered economy of the Autonomous Okrug, expressed in development of industrial branches which are alternative to the oil- and gas-producing complex, intensive development of infrastructure objects;
  • employment of the Autonomous Okrugs population.

The base of the Autonomous Okrugs investment legislation is Law of October 8, 1999, 61 "About Investment Activities Support by Public Authorities of the Autonomous Okrug on the Territory of the Khanty-Mansiysk Autonomous Okrug".
The present Law is aimed at the development of investment activities on the territory of the Okrug, increase of interest of enterprises in goods and services production growth, promotion for attraction and effective exploitation of domestic and foreign material and financial resources and advanced technologies.

Forms of support and most favoured nation treatment are provided to investment activities subjects, realizing investment projects in the following branches: petrochemical industry, oil-refining industry, geology and subsoils exploration, mining industry, wood-working industry, fisheries (fish take) or fish industry (processing), food industry, industry of construction materials, construction, housing and communal service, transport and communication, agriculture, trade and catering, unproductive kinds of domestic services, tourism, hotel service. Forms of investment activities support are determined in Clause 7 of the Law as follows:

  • grant of tax privileges on taxes within the amounts allocated to the Autonomous Okrugs budget, Territorial Road Fund of the Khanty-Mansiysk Autonomous Okrug for the period of an investment project recoupment;
  • grant of investment credits at the account of the Autonomous Okrug Development budget funds;
  • grant of investment tax credit;
  • grant of objects of immobility, technical means and other property of the Autonomous Okrug to carry out the investment activities in accordance with the Autonomous Okrugs statutory acts;
  • grant of bails and guarantees by the Government of the Khanty-Mansiysk Autonomous Okrug;
  • repayment of interests on investment bank credits to holders of investment projects at the account of the Okrugs budget funds;
  • direct investing at the account of the Okrugs budget funds.
According to the Law (Clause 5) the rights of the investment activities subjects are determined as follows:
  1. All subjects of the investment activities are provided with the equal rights and conditions to carry out investment activities, to receive and to use freely results of investment activities including the right for free relocation of income from investment activities after payment of taxes and other obligatory payments in accordance with the acting Legislation.
  2. To carry out investment activities, the subjects of investment activities are provided with equality of conditions as follows:
  • equality of their rights for information access; the Khanty-Mansiysk Autonomous Okrugs Public Authorities and Local Government Authorities are owners and disponents of this information on the territory of the Okrug;
  • equality of rights for participation in tenders, contests, auctions, held by the Government of the Khanty-Mansiysk Autonomous Okrug and Local Government Authorities on the territory of the Khanty-Mansiysk Autonomous Okrug;
  • equality of rights for carrying out investment activities under the condition of investment favoured treatment in respect of subjects of investment activities.

In accordance with Clause 19 of the Law the Khanty-Mansiysk Autonomous Okrugs Public Authorities grant additional state guarantees of investors rights:

  • observance of the principle of equality of rights to carry out investment activities;
  • stability of investment activities. In case of adoption of conditions of the Khanty-Mansiysk Autonomous Okrugs Laws, which worsen conditions of economic and financial activities, the force of these Laws does not spread on investment projects within the normative periods of their recoupment;
  • guarantee for subjects of the investment activities that measures, obliging them to invest additional funds not connected with the realization of an investment project, will not applied to them.

To promote investment activities in the Okrug, mobilization of great financial resources and investment into long-range profitable for the Okrug investment projects, the realization of which will promote improvement of the general economic climate, Law of the Khanty-Mansiysk Autonomous Okrug of October 8, 1999, 60 "About Budget of the Khanty-Mansiysk Autonomous Okrugs Development" was adopted.


The present Law determines the legal and organizational fundamentals of the formation and spending of the Autonomous Okrugs budgetary funds, intended for state support of subjects of investment activities, realizing and financing high- performance investment projects, either by grant of state guarantees or by funding on terms of redemption, payment and urgency.
The funds of the Development Budget are formed at the account of:

  • domestic and foreign loans by the Khanty-Mansiysk Autonomous Okrug for investment aims;
  • quota of budgetary income from the use and sale of property which is in the Autonomous Okrugs ownership;
  • budgetary income from use and privatization of the Autonomous Okrugs objects of property created as a result of investment projects financing at the account of funds of the Development Budget;
  • other sources stipulated in the Legislation of the Russian Federation and Legislation of the Khanty-Mansiysk Autonomous Okrug.
Money resources of the Development Budget are spent for:
  • financing of investment projects selected on a competitive base;
  • fulfillment of obligations of the Government of the Autonomous Okrug on state guarantees, granted to subjects of investment activities at the account of funds of the Development Budget;
  • financing of Small Enterprising State Support Programs in the Khanty-Mansiysk Autonomous Okrug.

The key condition of successful realization of the investment policy by the Government of the Khanty-Mansiysk Autonomous Okrug is financing of investment programs and projects at the account of investment resources attraction to the capital market but not at the account of the Okrugs budgetary funds.


To develop leasing activities on the territory of the Okrug as a kind of investment activity it was adopted Law of December 23, 1999, 81 "About State Support for Activity of Leasing Organizations (Companies, Firms) on the Territory of the Khanty-Mansiysk Autonomous Okrug ".


In Law (Clause 3) the following measures of the state support are determined:

  • grant of tax privileges on taxes within the amounts allocated to the Autonomous Okrugs budget, Territorial Road Fund of the Khanty-Mansiysk Autonomous Okrug;
  • grant of credits from the funds of the Autonomous Okrug Development budget;
  • grant of state guarantees (bails) at the account of the funds of the Autonomous Okrug Development budget at crediting aimed at leasing projects fulfillment;
  • repayment of interests on investment bank credits to leasing organizations at the account of the Autonomous Okrugs Development budget;
  • grant of the state order to leasing organizations (companies, firms) for deliveries of goods for the state needs.

To regulate relations arising due to payment of taxes by subsoils-users - owners of licences for the right of exploration, prospecting and production of oil and gas in the amount entered into the Autonomous Okrugs budget it was adopted Law of April 9, 1999, 23 "About Promotion of Intensive Input of Oil and Gas Fields into Development within License Pools on the Territory of the Khanty-Mansiysk Autonomous Okrug ".


The task of the present Law is to establish the stimulant taxation of subsoils-users with the aim of intensive input of oil and gas fields into development within license pools on the territory of the Autonomous Okrug and adoption of conditions of stimulant taxation application, list of subsoils-users financial and other reporting at its application.

.
The application of stimulant taxation forms investment funds of a subsoils-user at the account of a quota of property tax, profits tax, highway users tax, value-added tax, payment for production which are allocated to the Autonomous Okrugs budget.
In the Khanty-Mansiysk Autonomous Okrug great attention is paid to development of small enterprising. It was adopted the Autonomous Okrugs Small Enterprising Support Program. To develop this Program it was adopted Law of the Khanty-Mansiysk Autonomous Okrug "About Small Enterprising State Support in the Khanty-Mansiysk Autonomous Okrug".
The present Law determines key directions, forms and methods of the state support, rendered to small enterprising subjects, which are registered and carrying out their activities on the territory of the Khanty-Mansiysk Autonomous Okrug at the account of the Autonomous Okrugs budget.


To create the centralized data base (register) over investment projects of the Khanty-Mansiysk Autonomous Okrug, to provide Russian and foreign investors free access to the full-scale information about investment possibilities of the Khanty-Mansiysk Autonomous Okrug and to make this information standard in accordance with the up-to-date requirements of foreign investors, it was adopted Decree of the Presidium of the Government of the Khanty-Mansiysk Autonomous Okrug of May 22, 2000, 58 "Regulations about Investment Projects Registration and State Expertise Order by the Executive Authorities of the Khanty-Mansiysk Autonomous Okrug".
Nowadays the well-thought-out investment policy of the region has tangible benefit. The Khanty-Mansiysk Autonomous Okrug occupies one of the leading positions in regional preferences of all countries - partners of Russia. 190 enterprises with foreign investments, 20 agencies of foreign companies are registered on the territory of the Okrug. Transnational oil-producing corporations experience the greatest interest towards Russia and Khanty-Mansiysk Autonomous Okrug, a subject of the Russian Federation. Together with Russian enterprises foreign famous firms such as "SHELL", "AMOCO", "EXXON", "MOBILE" participated as applicants in tenders for the right of share participation in exploration and prospecting of fields located on the territory of the Khanty-Mansiysk Autonomous Okrug.



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