Tatarstan is the only region in Russia to host seven sites having been granted tax incentives. The Republic of Tatarstan has two special economic zones (SEZ), and five advanced development zones (ADZ). All seven sites are granted tax preferences and have the readymade infrastructure.
Tatarstan Investment Development Agency was established in June 2011; it is an executive authority of the Republic of Tatarstan (department of the Republic of Tatarstan), responsible for the attraction of investments, support and implementation of investment projects, participation in the development of favourable investment climate, improvement of investment attractiveness of the Republic of Tatarstan, public-private partnership. (tida.tatarstan.ru, email@example.com)
TIDA focuses its efforts on attracting investment into eight priority sectors of the Tatarstan economy: chemical & petrochemical, machinery & automotive parts, construction & building materials production, agriculture & food processing, medicine & pharmaceuticals, IT & telecommunications, Halal industry, and service industry & tourism.
One way in which the Republic of Tatarstan has distinguished itself from other regions of Russia is the emphasis it has placed on creating the necessary infrastructure to support and attract foreign capital. The republic to date has four industrial parks, seven technoparks, six business incubators, three agro-industrial parks, and two large industrial platforms. Among the most successful of these investment, sites are the Special Economic Zone (SEZ) Alabuga, a federal special economic zone for industrial production. Since it was founded in 2005, SEZ Alabuga has attracted over $1 billion of investment and created over 2,800 jobs.
One of the main development and investment projects of the Republic of Tatarstan is Kazan Smart City, a groundbreaking urban development project designed to spur investment into high technology, medicine, education and tourism, transforming Tatarstan’s capital of Kazan into an international business hub with ideal conditions for working and living.