FREE ECONOMIC ZONE IN CRIMEA: PREFERENCES AND FEATURES OF FUNCTIONING
One of the primary objectives of the state regional policy is to stimulate the development of regions, and free economic zones (SEZs) can be the impulse for the economic and innovative development of a particular macro-region. The Republic of Crimea is a unique macro-region of the Russian Federation, which has appropriate conditions for creating a similar zone on its territory. Undoubtedly, for any states, the functioning of territories with a special development regime determines involvement in integration processes, as well as stimulation of the cross-border movement of resources, especially financial resources. To do this, it is necessary to create a favorable investment climate, which requires a thoughtful formation of tax incentives, customs and financial preferences for participants in such special zones. The analysis of a number of indicators, characterizing the investment climate, has shown that the Republic of Crimea demonstrates a high level of state financial support, consulting and educational services for residents of the free economic zone. Features of the first years of functioning of the free economic zone, privileges and preferences for its participants, as well as prospects for the development of such a zone in the Crimea are considered.
Keywords: free economic zone, region, social and economic development, investments, free customs zone, tax privileges, preferences.
Highlights:
peculiarities of FEZ organization in the Crimea; tax preferences are analyzed and customs privileges are indicated, the analysis of attracted investments is made;
the role and influence of FEZ on the social and economic development of the region, as well as the factors on which the successful development of the free economic zone depends;
taking into account foreign practice, recommendations on improving the functioning of FEZ are presented so that they become effective institutions for the regional development.
Larisa A. Kravchenko, Candidate of Economics, Associate Professor; Maria V. Goryachikh, Candidate of Technical Sciences, Associate Professor. - Crimea Federal University, Simferopol.