The joint-stock company "Development Corporation of Kabardino-Balkarian Republic" was established in accordance with the resolution of the Government of Kabardino-Balkarian Republic dated August 24, 2006 № 233-PP "On the establishment of the open joint-stock company "Agency for investments and Development of Kabardino-Balkarian Republic" with the aim of promoting the development of investment processes on the territory of republic and promotion of its investment attractiveness.
The main objective of the Company is to provide comprehensive assistance to Russian and foreign investors in carrying out entrepreneurial activities in the region.
In order to carry out its functions, the Company is endowed with the maximum amount of powers that have been legitimately secured in the state contract, according to which the Company has been granted the status of "the organization authorized by the Government of Kabardino-Balkarian Republic to promote investment activities".
The role of the Company is significant, as it acts as a link between the state and business. The Company's assistance is expressed not only in financial support, but also in consulting support of investment projects, assistance in obtaining tax privileges for investors. The Company also participates in the most effective projects. A special place is given to the social effect of the projects being launched. The innovative basis, the number of new jobs created, the expansion of the base for taxation and the replenishment of the republican budget are important criteria when selecting investment projects for implementation.
At the same time, the Company is an active participant in All-Russian and international exhibitions and forums, where it represents the investment potential of Kabardino-Balkarian Republic, which contributes to the development of investment activities and improvement of the investment climate in Kabardino-Balkarian Republic.
The Company's charter
Work plan for 2017
A report on activities for 2016