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While Chuvashia is considered one of the less developed regions of Russia, the region has a positive investment climate due to a progressive government. The liberally minded government is working to encourage business development and attract foreign investment. ==Legislation== The State Council of the republic has passed a number of laws aimed at encouraging business activity in Chuvashia. The income tax rate is 35%. One-third of this sum is transferred to the Russian Federation and two-thirds are contributed to the Chuvash budget (this is called the Republican portion). Notable tax privileges include: * The profit tax rate (Republican portion) for foreign enterprises, joint ventures, and filial branches of foreign enterprises is five percent during the first three years of operation in Chuvashia. To qualify for this benefit, foreign enterprises must contribute at least $100,000 and 70% of the venture’s initial capital. * Enterprises and organizations producing consumer goods, producing industrial-technical products, and processing agricultural products are exempt from profit tax (Republican portion) for a period of three years. While not particularly relevant to foreign investors, the government’s commitment to economic growth can be evidenced by its efforts to encourage small business growth through the simplification of tax and business registration processes for entrepreneurs. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Economy of the Chuvash Republic」の詳細全文を読む スポンサード リンク
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