State support

The Administration of the region does its best to create favorable investment climate for business in the territory of the Pskov region.

The main support mechanisms are the following:

  • Provision of tax privileges: reduction of property tax — 0.01 (instead of 2.2%), profit tax — 13.5% (instead of 18%). The tax privileges are provided for 5 years;
  • Special support measures in strategic sectors: agriculture (provision of subsidies for co-financing of interest rates on credits, provision of subsidies for purchase of animals, etc.), tourism (development of infrastructure for priority projects), industrial production, housing sector (provision of land plots for integrated development at the cost of infrastructure organizations);
  • Support of small and medium enterprises: preferential crediting of small and medium enterprises, provision of subsidies;
  • Provision of land resources on preferential basis (for implementation of projects in the area of industrial production, agriculture, hotel business).