From the Crimea will make a "civilized offshore"
The Ministry of the Crimea is developing a project to stimulate the economy of the region. The Ministry plans to turn the Peninsula into a "civilized offshore".

The Ministry of the Crimea is developing a project to stimulate the economy of the region. The Ministry plans to turn the Peninsula into a "civilized offshore".
For the existence of offshore consciously current 2 factors: in-1-x, tax incentives and 2, the probability of introduction of foreign law. The Ministry has already invented characteristics benefits, however, for agencies is still not clear how to implement not Russian law in the region. However, from intention to transform the Peninsula in the offshore zone nobody refuses. Promise that business conditions in the Crimea will be the same as in Cyprus.
One of the services to change the financial component of the region was following the pattern of Hong Kong, i.e. being in the region of individual rights, formed on the basis of some overseas. This, however, is meaningless in Russian realities, considers the Minister of Crimea Oleg Saveliev.
It offers a more common option. Currently, the Civil code allows
Russian companies use foreign law, when the counterparty or its majority shareholder is a foreign company or sold to a foreign asset. Minkrum will offer to amend the Civil code, extending this provision not only for foreign residents, but also at companies, registered in the Crimea, interpreting to Savelyev. He promises that in consequence of the law for residents of the Crimea will be maximum comfortable, inform "sheets". Ministry of Crimea has introduced a bill with similar measures to the government for consideration. With all this, the office reported that the Finance Ministry has not expressed comments to this norm, however, questions were at the Ministry of economic development. In General, the bulk engaged in consideration of the plan said that the idea is not bad.
However there are others who are afraid that if we cannot overcome all domestic transactions to apply international law, then it would ruin all the legal system in Russia. "These fixes would contradict himself to the Civil code and the Constitution, which allows for a single legal space for the whole country", - said Chairman of the state Duma Committee on civil, criminal, arbitration and procedural legislation Pavel Krasheninnikov.
Despite all the problems, the transformation of the Peninsula in the offshore zone will significantly strengthen the financial development of the Crimea. The budgets of offshore companies, where the zero rate tax, replenished with annual fees with firms, such as stamp duties, the annual payment for finding firms in the registry and duty for committing the actions in the register of firms. Another plus for the region is likely to create jobs for highly qualified professionals - lawyers, auditors. Also, after the adoption in Russia antipsoric laws many of us cannot afford to keep subsidiaries in offshore tax havens. They, in this scenario, perfect conditions of the Crimea. Oleg Saveliev proposed business independently calculate if it is interesting" and then make the final decision.