INVESTMENT DECLARATION

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INVESTMENT DECLARATION

1. GENERAL PROVISIONS

1.1. The investment declaration of the city of Angarsk is developed for establishment of the principles of interaction of a city administration of Angarsk with subjects of business and investment activity and definition of obligations of a city administration of Angarsk and guarantees of the rights of investors in the city of Angarsk.

1.2. The declaration defines priorities of development of investment activity in the city of Angarsk, and also declares the main measures of municipal support of investment activity.

2. MAIN DIRECTIONS OF INVESTMENT POLICY

2.1. The main directions of investment policy in the city of Angarsk are:

• formation of favorable investment climate of the city of Angarsk;

• improvement of the standard and legal base regulating investment and business activity;

• creation of the infrastructure prepared for investments directed including, on innovative development of a city economy of Angarsk;

• improvement of mechanisms of attraction and support of investments;

• increase of efficiency of use of measures of the state and municipal support of investment and business activity;

• active support of effective investment projects, including in the knowledge-intensive branches which are letting out the competitive production conforming to the international standards (with high performance level and a value added);

• formation of conditions for mobilization internal and increases in inflow of external investment resources and new technologies in a city economy of Angarsk;

• realization of actions for information illumination of opportunities of the city of Angarsk, including by means of placement of information on investment potential, investment projects and investment platforms in mass media and the information and communication Internet;

• public-private partnership development as main mechanism of attraction of investments at implementation of infrastructure, socially significant projects and projects in the sphere of housing and communal services;

• decrease in administrative barriers in work with investors – development of system of support of investment projects in the principle of “one window”;

• information and personnel support of investment and business activity.

3. PRIORITY DIRECTIONS OF INVESTMENT ACTIVITY

3.1. The priority directions of investment activity in the city of Angarsk are founded on the existing competitive advantages of the territory and aimed at creation of new productions and technologies or at expansion and modernization of the existing productions, namely:

• development of a petrochemical complex;

• development of an industrial, power, agro-industrial, construction complex (including mechanical engineering, production of construction materials, construction of well-planned social housing and housing of economy class, and also individual houses);

• development and deployment of innovative technologies;

• development of transport infrastructure;

• introduction of energy saving technologies;

• construction of facilities of municipal infrastructure and engineering networks;

• processing of household and production waste;

• development of information and telecommunication technologies;

• development of light industry;

• development of the food industry;

• ensuring ecological safety;

• construction of facilities of the social sphere.

4. SUBJECTS OF INVESTMENT AND BUSINESS ACTIVITY

4.1. Subjects of investment activity – investors, customers, contractors, users of objects of investment activity and other persons according to the legislation of the Russian Federation.

4.2. Legal entities and individuals, including foreign can be subjects of investment activity.

4.3. Subjects of business activity – the economic entities (legal entities and individual entrepreneurs) carried according to the legislation of the Russian Federation to small enterprises, including to the microenterprises, and medium-sized enterprises.

5. BASIC PRINCIPLES OF INVESTMENT POLICY AND GUARANTEE OF THE RIGHTS OF SUBJECTS OF INVESTMENT ACTIVITY

5.1. The investment policy of a city administration of Angarsk is based on the following principles:

• economic validity and social importance of investment projects;

• granting by local governments city of Angarsk of municipal support in competence limits;

• openness and availability to all subjects of investment activity of information necessary for implementation of investment activity in the territory of the city of Angarsk;

• equal access for investors to receiving investment support.

5.2. The city administration of Angarsk is ready to support the investors realizing investment projects, significant for a social and economic development of the city of Angarsk, according to the priority directions of investment activity designated in section 3 of the Declaration, and also the projects having social, economic, ecological efficiency.

5.3. The city administration of Angarsk guarantees protection of investments, and also rights and legitimate interests of subjects of investment and business activity, including:

• ensuring the equal rights of participants of investment and business activity;

• publicity in discussion of investment projects;

• access to public information of local governments of the city of Angarsk;

• lack of restrictions in implementation of the projects by subjects of investment and business activity within the current legislation;

• the accounting of interests of subjects of investment and business activity at change of normative legal acts of a city administration of Angarsk;

• safety of conducting investment and business activity in the territory of the city of Angarsk;

• ensuring the right of the investor for a free choice of contractors, suppliers and any other contractors, a guarantee of non-interference to financial and economic activity of the investor realizing the project in the territory of the city of Angarsk.

The guarantor of protection of the rights of investors in the territory of the city of Angarsk is the mayor of Angarsk.

6. INFRASTRUCTURE OF SUPPORT OF INVESTMENT AND BUSINESS ACTIVITY

6.1. The infrastructure of support of investment and business activity in the city of Angarsk is made:

• the investment representative in the city of Angarsk – the mayor of Angarsk;

• investment council on consideration of investment projects (programs) and offers at a city administration of Angarsk;

• “Fund of Support of Subjects of Small and Average Business of Angarsk Municipality” non-profit organization;

• “Fund of Support of Small Business of the City of Angarsk” non-profit organization;

• public coordination council in the field of development of business at a city administration of Angarsk;

• Angarsk science and technology park;

• a public reception of the representative on protection of the rights of businessmen of the Irkutsk region;

• department of economic development and investment policy of Department on economy and finance of a city administration of Angarsk.

7. FORMS OF MUNICIPAL SUPPORT OF INVESTMENT AND BUSINESS ACTIVITY

7.1. Municipal support of investment and business activity in the territory of the city of Angarsk can be carried out in the following forms:

• providing to subjects investment activities of privileges for taxes and fees within powers of local governments of the city of Angarsk, including privileges on rent of the property which is municipal city property of Angarsk and necessary for implementation of investment projects;

• granting according to the legislation of the Russian Federation, municipal legal acts of the city of Angarsk of municipal guarantees as ensuring execution by subjects of investment activity of the obligations arising in the course of implementation of investment projects;

• implementation of the departmental target program directed on increase of investment appeal of the city of Angarsk;

• organizational, methodical, information support of investment projects at all stages of realization;

• assistance in receiving financial support by investors from higher budgets and non-budgetary sources for financing of investment and innovative projects;

• granting loans to subjects of small business of the city of Angarsk by “Fund of Support of Small Business of the City of Angarsk” non-profit organization;

• granting loans to subjects of small and average business of the city of Angarsk by “Fund of Support of Subjects of Small and Average Business of Angarsk Municipality” non-profit organization;

• providing financial support to subjects of small and average business of the city of Angarsk within implementation of target programs of the city of Angarsk (granting subsidies);

• introduction of municipal property of the city of Angarsk as a contribution to authorized capitals of open joint stock companies according to the legislation of the Russian Federation;

• assistance in development of projects within municipal and private partnership;

• rendering information and consulting help to investors within powers of local governments of the city of Angarsk;

• in other forms according to the legislation of the Russian Federation and the Irkutsk region.

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