Residents of the Arctic Zone

Abstract

The development of the Arctic territories today is of strategic importance. Appropriate strategies are needed to improve the socioeconomic situation of the region. This seriously puzzled the Government of the Russian Federation. To implement the tasks set, massive investments are needed not only from budget funds, but also from private ones, which can be attracted only with the help of attractive investment conditions, and obtaining the status of a “resident” of the Arctic Zone of the Russian Federation is a key tool. Thus, the state residency program creates various preferences for the support and development of entrepreneurial activities in the Arctic Zone. The article reveals the main economic and legal aspects of obtaining the resident status in the Arctic, as well as promising areas of business development in this territory. The article deals with the legal and economic aspects of the status of a resident of the Arctic Zone of the Russian Federation.KeywordsArctic Zone of the Russian Federationresidents of the Russian Arctic Zoneinvestment interestssocioeconomic developmentlabor potentialeconomic growthlegal status