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The SME Support Measures in Russia. THE MINISTRY FOR ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION. SMEs Criteria. THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION. The Federal Law « On Development of Small and Medium Entrepreneurship in the Russian Federation ».

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slide2

SMEs Criteria

THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

The Federal Law«On Development of Small and Medium Entrepreneurship in the Russian Federation»

Micro Enterprises

Small Enterprises

Medium Enterprises

up to 15 employees

16-100employees

101 – 250employees

annual turnover up to$2,1 mln

annual turnover up to$14mln

annual turnover up to$35 mln

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the ministry of economic development of the russian federation

The SME Sector Main Indicators

THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

1,7 mlnmicro, smallandmediumenterprisesand4,1 mln private entrepreneurs

17 mln employed in the SME sector25% of total employment (2010)

21% - share of SMEs in Russia’ GDP

3,2% - the SME sector growth in 2010

Main problems: √ Administrative burdens√Expensive credits√Decreasing of number of SMEs in monotowns

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SME Support Measures

THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

The Finance Support Program under the Ministry for Economic Development of Russia

Reduction of Administrative Burdens

SMEs

Finance & Credit Access

The Finance Support Program under the Government Corporation «Vnesheconombank»

Easing Taxation

Access to Government Procurements

Access to Real Estate Assets

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slide5

SME Support Measures

THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

Administrative Regulation Measures

  • Start-up of business with a simple notification procedure
  • Any inspection is fulfilled one time in three years
  • Number of licenses for SMEs has been decreasing

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slide6

SME Support Measures

THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

The Government Procurements

  • 20% quota is reserved for SMEs
  • Guarantee deposit is reduced

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slide7

SME Support Measures

THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

Access to Real Estate Assets

  • The privatization program for SMEs
  • Specialized list of public real estate assets in state and city levels exists for SMEs
  • Special benefits to innovative SMEs founded by Universities

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slide8

SME Support Measures

THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

  • Taxation
  • 5% tax on income or 6% tax on turnover
  • Single tax for trade and personal services SMEs

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slide9

SME Support Measures

  • The Finance Support Program under the Ministry for Economic Development of Russia
  • Grants for start-up
  • Guarantee Funds
  • Microfinance Organizations
  • Leasing
  • Export-oriented SMEs
  • Infrastructure (business incubators, industrial parks, tech-parks)
  • Trainings
  • Annually above 100 000 new jobs

THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

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slide10

SME Support Measures

  • Guarantee Funds
  • 80 entities at all in Russia
  • 70% max. loan guarantee
  • 300 bank – partners
  • $ 13 mln – max. loan
  • $ 10 mln – max. guarantee

THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

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slide11

SME Support Measures

  • Microfinance Organizations
  • 67 microloan offices in Russia
  • 16 000 microloans for SMEs
  • $ 17 500 average loan

THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

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slide12

SME Support Measures

  • Support of Innovative SMEs
  • $ 17 000 grant
  • $ 170 000 subsidy for new equipment, know-how and training
  • Up to $ 2 mln subsidies from venture funds e.g. the Russian Venture Company, Rosnano
  • about 1000 innovative SMEs are set up by Universities in Russia

THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

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slide13

SME Support Measures

  • Support of Export-oriented SMEs
  • $ 34 000 grant
  • Loan subsidies
  • Subsidies for exhibition activity
  • Export Support and Consulting Centers in the Russian regions

THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

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slide14

SME Support Measures

The Finance Support Program under the Government Corporation «Vnesheconombank»

THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

GC

«Vnesheconom-bank»

Russian Development Bank

Bank-partners (91)

SME

SME

$1,3bln

Leasing companies (67)

SME

Factoringcompanies (8)

SME

Microfinance organizations (18)

  • $ 3,5 bln program fund
  • in 82 Russian regions

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THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

Thank You for Attention!

  • The Ministry for Economic Development of the Russian Federation
  • The SME Development Department
  • tel: +7-495-695-53-05
  • fax: +7-495-695-51-76
  • Web: www.economy.gov.ru
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