Investment activity - Investment priority project

Investment priority project

An  investment priority project  is an investment project:

• for the creation of new production facilities for goods, works and services, providing for the implementation by a legal entity of investments in the construction of new production facilities, in an amount of not less than two million times the monthly calculation indicator established by the law on the republican budget and in effect on the date of filing an application for the provision of investment preferences, unless otherwise provided by this Code;
• when creating new investment objects in the food and light industry, the amount of investment of a legal entity shall be no less than one million times the monthly calculation indicator established by the law on the republican budget and in effect on the date of filing an application for the provision of investment preferences;
  
• when creating facilities capable of satisfying the needs of tourists in priority tourist areas, the amount of investment by a legal entity shall be no less than two hundred thousand times the monthly calculation indicator established by the law on the republican budget and in effect on the date of filing an application for the provision of investment preferences, unless otherwise provided for in part four of this subparagraph;
  
• when creating new hotels, expanding and (or) renovating (reconstructing) existing hotels, the amount of investment of a legal entity must be no less than a million times the monthly calculation indicator established by the law on the republican budget and in effect on the date of filing an application for investment preferences. In this case, the requirement of this part applies if the creation of new hotels, expansion and (or) renovation (reconstructing) of existing hotels simultaneously meets the following conditions:
  
• implementation of the project outside the cities of republican significance and the capital;
• compliance of the provided services with the category “three”, “four”, “five” stars in accordance with international standards;
• conclusion of a comprehensive business license agreement (franchising) or franchise with an international hotel chain that has at least a thousand hotels in ten or more foreign countries;
• for the expansion and (or) renewal of existing production facilities for goods, works and services, providing for the implementation by a legal entity of investments in an amount of not less than five million times the monthly calculation indicator established by the law on the republican budget and in effect on the date of filing an application for the provision of investment preferences for changing fixed assets, including renewal (renovation, reconstruction, modernization) of existing production facilities that manufacture products, unless otherwise provided by this Code.

The following investment preferences are provided under the investment priority project: