Big Ussuri Island, which is located on the border of Russia and China, can become a new financial center (a kind of offshore) for companies whose activities are related to the cryptocurrency market. This statement was made by Leonid Petukhov, head of the Far East Agency for Attracting Investments and Export Support (IPA).
We want to make a big financial center there. Figuratively speaking, cryptocurrency, cryptobirge, forest trade exchange in a good way, is an internal offshore. What was done in Kaliningrad, was voiced in his speech at the St. Petersburg International Economic Forum (SPIEF)
As Petukhov noted, the place to create such an offshore was not chosen by chance, since the Big Ussuri Island belongs simultaneously to two countries.
Historical note: Big Ussuri Island is located on the banks of the Amur River, it is along it that the border between Russia and China passes.
Since 1964, this territory has been disputed by China. As early as 2004, an agreement was concluded on the transfer of the People’s Republic of China to the western part of the island, the whole of Tarabarov and some small islands.
Note that at the moment similar conditions for business are being created on Russky Island in Vladivostok and Oktyabrsky Island in Kaliningrad. Special preferential terms for international companies are introduced here. Their residents are fully exempted from income tax in the form of dividends and income tax on the sale of shares of foreign companies.