OREANDA-NEWS. The Russian authorities intend to expand the Far Eastern Hectare program to the Arctic. This was stated by the Prime Minister of the Russian Federation Mikhail Mishustin during a government meeting. According to him, entrepreneurs asked about it.

Mishustin noted that the registration of the site is provided according to a simplified scheme in a short time, RIA Novosti reports.

The head of the Cabinet stressed the importance of preserving the traditions and culture of the indigenous peoples of the North, Siberia and the Far East.

Ministers should consider a draft law on doing business in the Arctic. Thus, state support for small businesses should become more accessible.

For companies resident in the Arctic zone, there are exceptions regarding the requirement for capital investments in the construction or modernization of real estate.

As previously reported, the bill, according to which the Russians can receive free land plots up to one hectare in the Russian Arctic, was developed on behalf of Deputy Prime Minister Yuri Trutnev.

The land is issued for use for five years, after which it must be registered as ownership or long-term lease. The site provides for the construction of a residential building, as well as the conduct of any economic activity.