Provided current economic situation, Mazars is ready to support small and medium-sized businesses and help to receive assigned benefits. Such benefits can be obtained by legal entities with foreign equity which are officially registered as SMEs.
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How we can help
Companies that are listed in the SME register can be eligible for the following support measures**:
- City programme of concessional lending (applied to all industries)
Loans at a rate of 15% applied for working capital and investment purposes. The term for such subsidised interest rate is 12 months, the maximum loan amount is 50 million rubles.
- Programme of concessional lending for investment purposes (for SMEs investing in the field of science, manufacturing and IT).
The maximum loan amount for this programme is 300 million rubles. The interest rate is 5.5% for small and 7% for medium businesses, which is more than three times lower than the current market rates.
** Governing law: Federal law No. 209-FZ dated 24.07.2007 ‘On Development of Small and Medium Entrepreneurship in the Russian Federation’ (Section 6.2 Article 4.1).
Procedure for obtaining benefits
The Federal Tax Service does not automatically include in the SME register organisations, where the participants (founders) are foreign legal entities with a total share in the authorised capital of the Russian company that exceeds 49%.
Companies with such ownership structure can be registered as SMEs by the Federal Tax Service only after a special auditor’s note is issued.
Consequently, for a company to be registered, an audit company must check its and participants’ data and then approve the inclusion of the company in the SME register (which happens only if the entity meets all the established criteria).
Following that, the auditor communicates the VAT of the audited entity to the Federal Tax Service, using its electronic signature to sign the message. After receiving the note Tax Service includes the organisation in the SME register within the set period.
Criteria for inclusion in the SME register
Deadline for including in the SME register