THE MINISTRY FOR ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

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THE MINISTRY FOR ECONOMIC DEVELOPMENT OF THE
RUSSIAN FEDERATION
The SME Support Measures in Russia
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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 14 mln
annual turnover up to 35 mln
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THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE
RUSSIAN FEDERATION
The SME Sector Main Indicators
1,7 mln micro, small and medium enterprises
and4,1 mln private entrepreneurs
17 mln employed in the SME sector 25 of total
employment (2010)
21 - share of SMEs in Russia GDP
3,2 - the SME sector growth in 2010
Main problems v Administrative burdens v
Expensive credits v Decreasing of number of
SMEs in monotowns
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SME Support Measures
THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE
RUSSIAN FEDERATION
Reduction of Administrative Burdens
The Finance Support Program under the Ministry
for Economic Development of Russia
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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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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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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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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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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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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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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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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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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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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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
1,3 bln
Leasing companies (67)
SME
Factoring companies (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 [phone]
• fax [phone]
• Web www.economy.gov.ru