Tatarstan Investment Development Agency to help to get the land without bidding

Now Tatarstan investors can rent a land for investment projects in the republic without bidding. To work on the acceptance and consideration of documents for land rent entrusted Tatarstan Investment Development Agency.  The Cabinet of Ministers of Tatarstan adopted the corresponding resolution on December 30, 2015. It clearly defines the mechanism for obtaining land in the republic for rent without bidding. The adoption of this Resolution was preceded by alterations in the Land Code of the Russian Federation, which entered into force on 1 March 2015 in the framework of the reform of land laws. However, passing thee bidding for land, owned by the state or municipal property, is not allowed for all. Thus, in accordance with Article 33.3 of the Land Code of Tatarstan, large-scale investment project must meet certain criteria. For example: the creation or an increase of jobs, substantial investments, and an increase of annual revenue from taxes levied in the republic. "The benefit for investors is obvious - the time of receipt land for the investment project is considerably reduced. Instead of 2-3 months, which go up for bidding, within 10 working days from the receipt of the application, we will consider it, conduct a financial analysis of the business plan, verify compliance with the criteria of the object and prepare a draft reasoned opinion. Let the time, saved by our investor, will be spend more usefully for themselves and for Tatarstan," – said Tatarstan Investment Development Agency Chief Executive Taliya Minullina. Now a form of opinion on the compliance of the object/project to the criteria is under development.