Construction of a science park

Parameter	Value
Support type and terms	Reduction of the tax on profits paid into the regional budget down to 13.5% Reduction of the property tax down to 0% Reduction of the transport tax by 50%
Support receivers	Technopark residents, basic organization of technopark
Restrictions for the support receivers	Preferences are not granted to tax reduction addressees in accordance with the regional law dated March 28, 2016 No. 945-OZ “On investment activities in the Novgorod Region and investors rights protection”. It’s possible to apply for privileges after receiving the status of industrial park resident, the basic organization of technopark. The organization should carry out permitted for technopark residents’ economic activities: research and development, technical testing, analysis and certification; information and communication, manufacturing activities (except for the production of tobacco products).
Governmental support period	property tax - not more than 5 years, from the 1st of the month following the month of assigning the status by the managing company before the 1st of the month of this status termination income tax – during 5 tax periods, starting from the tax period in which the first operating profit on the technopark territory was received

Ask the Governor of Novgorod region