The special economic zone in the Kaliningrad region: towards a more effective legal regime
In this article, I aim at identifying the main trends in the development of the laws on the special legal regime of entrepreneurship in the Kaliningrad region. I address the problems of the Special Economic Zone (SEZ) in the Kaliningrad region and provide recommendations for improving its legal regulation. I analyse the 12 years experience of the practical application of the federal law on the regional SEZ and examine the gaps and conflicts in the regulatory legal acts. In this study, I consider the legal requirements for the SEZ residents and their investment projects, as well as benefits provided to the residents. Another focus is the goals of the SEZ. I investigate the effectiveness of the benefits to the investors and of the applicable procedures and analyse the factors reducing the region’s investment attractiveness. I outline the 2017 amendments to the federal law on the SEZ in the Kaliningrad region and provide recommendations for the development of regulation and enforcement. I stress the need for tax harmonisation and the introduction of special procedures for the payment of taxes on profits and properties by the SEZ residents.