Invest in Russia: An Overview of Special Economic Zones

Special economic zones (SEZ) in Russia are territories with a special legal status and economic benefits to attract both Russian and foreign investors to priority sectors in the country. Primarily, the creation of SEZs was initiated for the purposes of the development of the high-tech sector, import-substituting industries, the tourism sector, and the development and production of new types of products, as well as the expansion of transportation and logistics systems. The creation and operation of SEZs was regulated by the Federal Law FZ-116 as of July 22nd, 2005.