Saint Petersburg: companies, economy and investment

Governor of St.Petersburg: Beglov Alexander Dmitrievich

Registered address: Smolny, 6th entrance, St. Petersburg 191060 Russia

Mailing address: Smolny, 6th entrance, St. Petersburg 191060 Russia

Phone: +7 (812) 576-60-41; +7 (812) 576-72-98

Fax: +7 (812) 576‑60‑81

E-mail: info@cisp.gov.spb.ru

Website : gov.spb.ru/en/

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St. Petersburg is one of the largest industrial, transport, scientific, educational, cultural, tourist and administrative centers of Russia and Europe. Every year, the city increases indicators of economic development, the state of the urban environment and investment attractiveness. In St. Petersburg, there is a system of preferences for investors, which is constantly being improved, taking into account the new needs of the business community and the changing macroeconomic situation. One of the key mechanisms to support investment activity is the assignment of the status of a strategic investment project of St. Petersburg to the projects most significant for the city from a socio-economic point of view. Also in St. Petersburg, a set of tax incentives is available to all investors. Depending on the industry, personnel, investment volume: Today, 30% of investments in the country's economy are made up of five non-commodity Russian regions, and the Northern capital is one of them. The city has unique competencies in implementing large-scale and complex projects. There is a comprehensive system of providing incentives and preferences for investors. Achievements and successes of St. Petersburg are confirmed by 4th place in the National rating of the investment climate. The Government of St. Petersburg is ready to actively engage in dialogue and assist the business community. Such a dialogue becomes especially relevant in connection with recent amendments to the Tax Code, which abolish the right of entities to establish reduced income tax rates. We will seek such changes at the federal level so that earlier decisions to support investors are not reviewed. Under the new conditions, we will look for opportunities to use other forms of preferences, including investment tax deductions and regional investment projects. The costs of doing business in St. Petersburg will be reduced. St. Petersburg is one of the three largest scientific and educational centers of Russia (Moscow takes the first place, and the Republic of Tatarstan takes the third place). The creation of technologically advanced world-class production facilities is a priority area of urban policy. More than 10% of the country's scientific potential is concentrated in the Northern capital, which comprises over 350 scientific institutes of organizations. One of the main strategic resources of St. Petersburg is a large number of highly educated and qualified specialists in all sectors of the economy. There is a lot of work to establish interaction and create a favorable investment climate. The government of St. Petersburg is open for dialogue.

Saint Petersburg is a federal city, the largest business and industrial centre in Northwest Russia and an important gateway on the Baltic. Its economy combines seaport operations, transport and logistics, engineering, shipbuilding, energy equipment, pharmaceuticals, information technology, tourism, science and the creative industries. For companies, the city is both a sales market and a base for production and cooperation across the northwest of the country.

The city economy is closely connected with the surrounding Leningrad Region. Industrial sites, warehouses, ports, residential districts and labour markets form a single metropolitan area, even though administrative rules and support programmes differ. Site selection therefore requires attention to the Ring Road, Western High-Speed Diameter, rail connections, port terminals, utilities and public transport.

Business profile of Saint Petersburg

Saint Petersburg retains a strong manufacturing base. Shipyards and engineering plants work alongside producers of turbines, electrical systems, transport equipment, medicines, medical devices and food products. Universities, research institutes and engineering schools support product development, workforce training and industrial modernisation.

Industry: shipbuilding, engineering, energy equipment, pharmaceuticals, instruments and food production.
Transport: seaport terminals, railways, motorways, the airport and the urban passenger network.
Technology: software, telecommunications, industrial automation, electronics and digital services.
Tourism and culture: museums, theatres, historic architecture, hotels, restaurants and event venues.
Business services: finance, design, consulting, education, healthcare, advertising and creative work.

Detailed information is available in the sections covering the economy of Saint Petersburg, industry, investment, transport and logistics, and innovation and technology.

Investment and entrepreneurship

Investment projects cover industrial production, port and warehouse infrastructure, transport, property, hospitality, healthcare and education. Eligibility for a particular support measure depends on the sector, investment volume, employment effects and site status. Before deciding, investors should assess land or lease costs, utility connections, logistics, heritage restrictions and approval schedules.

Small and medium-sized businesses serve residents, visitors, major enterprises and the public sector. Opportunities exist in industrial cooperation, equipment maintenance, software development, hospitality, education, medicine and professional services. Strong competition makes specialisation, cash-flow planning and realistic treatment of seasonality essential.

Infrastructure and urban areas

Business activity is distributed between the historic centre, industrial zones, port districts and newer residential areas. Offices prioritise metro access and proximity to clients; production needs utilities and freight routes; tourism depends on pedestrian flows and events. The historic environment increases the city’s appeal but may add requirements for renovation, construction and signage.

How to use this section

This page is a navigator for business information about Saint Petersburg. The thematic subsections explain industries, investment conditions, infrastructure and the social sphere. The participant directory helps identify suppliers, contractors, customers and partners connected with the city.

Verify organisation details and current activities before use. For official statistics and regulatory information, consult the latest publications of Rosstat, Petrostat, the Saint Petersburg Government and the relevant authorities.

Saint Petersburg

Business profile of Saint Petersburg

Investment and entrepreneurship

Infrastructure and urban areas

How to use this section

Participants

RVM LLC

EGO Translating Company

St. Petersburg

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