Date: 3 months ago   Category: Hi-Tech

The authorities of Russia have created offshore in Kaliningrad in the nonexistent territory

It has turned out that legally there is no island October.

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the Russian business I have faced difficulties when planning moving on the island October in Kaliningrad where at the request of the president Vladimir Putin the special administrative region - one of two Russian offshores is created. It has turned out that legally there is no island October in Kaliningrad, Vedomosti writes.

"I today since morning met the Kaliningrad colleagues. They have a problem of basic level. In the Kaliningrad region there is no island October as it has become clear. There is no geographical object of it, doesn't exist", - the Deputy Minister of Finance Ilya Trunin has told.

the Island October exists as the historical area, but formally it is a part of Moskovsky district of Kaliningrad, the former Deputy Prime Minister of the Kaliningrad region and one of developers of the law on SAR Alexander Shenderyuk-Zhidkov has explained. The representative of the Ministry of Economic Development has confirmed that when determining the territory of SAR the well-known name was used. The ministry has promised that by the time of appearance of the first residents the problem of the legal status of the island will be solved.

the First plan to move to the island October UC Rusal and En Holding - power "subsidiary" of En holding, the main shareholder of UC Rusal. Vladimir Putin has signed with

the law on creation of special administrative regions on islands Russian in Primorye and October in Kaliningrad at the beginning of August, 2018. SAR is territories with low tax rates and the softened verification regime. Only the companies registered abroad can become residents of offshores, after registration they have to invest in economy Russia at least 50 million rubles for half a year.



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