In accordance to the Federal bill On amendments to some legal acts of the Russian Federation signed by RF President Vladimir Putin, the Special Economic Zone regime will be implemented for the Kuril Islands.
By the bill, the territories of the Yuzhno-Kurilsk, Kurilsk and Severo-Kurilsk towns and the adjacent inner sea and territorial sea of the Russian Federation are included into the Magadan Oblast Special Economic Zone.
The companies registered on these territories are entitled to the privileges and tax exemptions for residents of SPeical economic zones.