“Tax Breaks for Kindergartens” is a Headline in The New Development Program Announced by Leningrad Region Authorities.

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The Leningrad Region authorities are planning to provide developers with a greater range of benefits compared with Saint Petersburg counterparts – according to the Management Company “Satellite Development”.

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"Tax Breaks For Kindergartens"

"I believe Leningrad Region Administration, is going to avoid these mistakes by developing joint programs of cooperation with developers far in advance" - commented Vladimir Skigin.

The Leningrad Region authorities are planning to provide developers with a greater range of benefits compared with Saint Petersburg counterparts – according to the Management Company “Satellite Development”. Developers are offered to build social projects at their expense in exchange for tax exemptions.

Administration welcomes all development companies that meet Region’s requirements. Height regulations, preparation of engineering utilities and social projects construction are the main issues to be resolved pursuant to the rules. A launch of the program “Taxes breaks for kindergartens” has been declared. Developers are offered to build social projects at their expense in exchange for tax exemptions and benefits.

“It sounds fairly straight forward and logical: “We welcome you as long as you follow our rules.” The fact is, development and construction companies are very interested in the closest region to Saint Petersburg. There are practically no land plots for sale in the City. And the Leningrad region is going to take the lead in offering land plots in the nick of time. The same situation was observed in Moscow and Moscow Region at some point. And now Moscow Region is way ahead of the Capital in construction. But similarities end there; while most of the Moscow Region development was a random construction without due regard for social projects and engineering utilities, Leningrad Region Administration, is going to avoid these mistakes by developing joint programs of cooperation with developers far in advance.” - commented Vladimir Skigin, a co-owner of the Management Company “Satellite Development”.

About Satellit Development
Management Company "Satellite Development" LLC was established in 2008 and its main activities include: integrated land development, sale of land, development and design of residential and commercial projects, consulting and brokerage services.

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Dmitry Savelyev
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