1. General Provisions

   

1.1. Current Regulations specify the procedure of organization of Foreign Investment Promotion Board under the Government of Samara Region (hereinafter – the Board), the objectives, functions and organizational forms of its activity.

1.2. The Board is created with the purpose to stimulate attraction and guarantee foreign investment on the territory of Samara Region as one of the infrastructural elements of investment environment of Samara Region.

1.3. In its activity, the Board follows the generally recognized principles and standards of international law, Constitution of Russian Federation, federal laws, the Code of Regulations of Samara Region, laws of Samara Region, other regulatory legal elements of Samara Region and these Regulations.

1.4. The Board is a collegial consultative body.

1.5. The Board has the due stamp and document form for its activity.

   

2. The Board’s objectives and functions

   

2.1. The main objectives of the Board are:

promotion of foreign investment attraction to the territory of Samara region;

determination of preferred directions for attraction of foreign investment, on the basis of economic analysis of the existing market trends;

promotion of development of the investment legislation of Samara Region according to the generally recognized principles and standards of international law;

informational and consultative support when a business with foreign partner participation is organized on the territory of Samara Region, and while solving the issues of prompt activity of foreign investors and profit organizations with foreign investment on the territory of Samara Region:

Promotion of Samara Region in the area of foreign investment attraction.

2.2. In terms of the entrusted objectives, the Board performs following functions:

generation of recommendations to the Samara Region Government regarding the optimization of foreign investment attraction policy;

determination of investment trends on regional level in terms of European and global competition;

generalization of experience of investment activity implementation with foreign partners in constituents of the Russian Federation and European regions;

drawing up of recommendations regarding the regulatory legal elements, regulating the investment activity in Samara Region;

appraisal of investment attraction and investment specialization of city districts and metropolitan areas of Samara Region regarding projects with foreign participation;

maintenance of investment project with participation of foreign partner as regards to prevention of possible administrative barriers on the stage of arrangement and establishing of a new business;

arrangement of meetings and, if a basis is available, assistance in solving the problems of current activity of foreign investors and profit organizations with foreign investment, with relative state authorities, local authorities, with organizations that are authorized to issue special permits and licenses, and public servants on the territory of Russian Federation;

information support while organizing business with foreign partner participation on the territory of Samara Region;

interaction with foreign investors, that are already operating on territory of Samara Region;

support of good image of business environment on territory of Samara Region among foreign investors;

review of conversational and written resorts of foreign investors and profit organizations with foreign investments;

organization and implementation of discussion groups, conferences and other outreach activities in the area of entrepreneur rights protection on the territory of Samara Region;

participation in forums and congresses, devoted to foreign investments;

other functions according to current legislation.

   

3. The structure, procedures of organization and activity of the Board.

   

3.1. The Board consists of the Chairman, Coordinator and members of the Board. The Chairman of the Board is the Deputy Chairman of Samara Region Government – Minister of Economic Development, investment and Trade of Samara Region (by virtue of position). The Board’s composition is approved by the order of Samara Region Government as advised by the Minister of Economic Development, Investment and Trade of Samara Region and can be changed on the basis of annual rotation approach. A member of the Board may not delegate his authorities within the Board to other persons.

The Organizational and technical support of the Board’s activity is imposed on the organization department of the Ministry of Economic Development, Investment and Trade of Samara Region that accounts for the issues of development of foreign economic relations and foreign investment.

3.2. The Board’s meetings take place as required, but not less that once per a half of a year.

The agenda and the procedure of issues review on the Board’s meetings is approved by Chairman of the Board. The Board has the right to consider any issues, related to development of foreign investment activity with foreign participation on the territory of Samara Region. The Board has the right to invite to its meetings the representatives of state authorities of Samara Region and of other organizations, and other persons in accordance with the Board’s meeting agenda. In doing so, the Board has the right to request and receive information, documents and materials, necessary for the review of agenda issues from state authorities, local authorities and public servants.

The Board’s decisions are taken on its meetings by majority of vote of the total number of persons present. The decisions, taken on the Board’s meetings, should be recorded in meetings, signed by Chairman of the Board.