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Law about Skolkovo was adopted on first reading

02/07/2010

For — 417
Against — 1

Yesterday at the hearing authorities and legislators finally agreed that the second reading will be held on the amendment, under which a Skolkovo can register any innovative company from any region of Russia, and get set privileges and preferences:
— Possibility of 0% VAT (optional)
— 0% profit
— 0% property
— 14% UST
— Exemption from customs duties

Russian Silicon Valley — Fund Skolkovo (http://i-gorod.ru) — a nonprofit organization created at the initiative of President of Russia for a new settlement — the center of research and scientific development and commercialization of their results. As part of the settlements established universities, research laboratories, centers of collective use, business incubator, technology commercialization center, offices and corporate research centers, along with housing for their workers and social infrastructure. Settlement activity is regulated by a special law that implies the creation of special economic conditions for residents of the project.


Massachusetts Institute of Technology (MIT) and Russia signed a historic agreement in the U.S.

Source

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