The organization implementing the investment project has the opportunity to apply for the provision of a form of state support in accordance with the current legislation.

The Department of Investments and International Relations of the region is the organizer of the investment projects selection for the provision of state support in the form of exemption from property tax, reduction of the corporate income tax rate, provision of state guarantees of the Lipetsk region and objects of the regional pledge fund to ensure fulfillment of obligations by investment entities implementing investment projects in the region, on loans of financial and credit organizations.

The list of documents required for making a decision on provision of state support in these forms is determined by the laws of the Lipetsk region ‘On Supporting Investments in the Economy of the Lipetsk Region’ dated 25.02.1997 No. 59-OZ and ‘On the Security of the Lipetsk Region’ dated 29.09.2004 No. 127-OZ.

A package of documents necessary for making a decision on the provision of the state support in other forms shall be submitted to the relevant branch executive bodies of the state power of the Lipetsk region. The branch executive bodies of the state power of the Lipetsk region receive the application, prepare a conclusion on the compliance of the application with the current legislation, and transfer the set of documents to the commission for the selection of investment projects for the state support provision.

The Commission examines the investor’s application for support and makes a decision on provision of such support within the terms established by law.

The following entities shall have the right to receive state support in accordance with the current legislation after obtaining the relevant status:

• residents of the federal special economic zone of the industrial-production type ‘Lipetsk’;
• participants of special economic zones of the regional level;
• organizations that exercise the functions of managing companies of special economic zones, as well as the administration of special economic zones in the territory of the Lipetsk region;
• organizations that invest in the construction of infrastructure facilities of special economic zones (water supply, sanitation, and treatment facilities);
• residents of industrial parks;
• managing companies of industrial parks.