The first privately owned Special Economic Zone in Russia, SEZ Stupino Quadrat, today proudly celebrates its fifth anniversary. Located just outside of Moscow, the project is a testament of how fast and efficient industrial development can happen without the involvement of government money.
Ekaterina Evdokimova, managing partner and co-founder of Stupino Quadrat is a trained lawyer in both Russia and Germany, with a LL.M (Master of Laws) from UC Berkeley, USA. Having worked in the field of FDI for over 20 years, she stresses that there has never been a better time to invest in the Russian industrial sector due to three factors: cost efficiency, unsaturated market and ease of doing business. Due to the weak Russian ruble, the energy and construction cost, as well as the cost of highly qualified labour, are extremely favourable to foreign investors calculating in hard currency.
The geopolitical situation and volatility of the Russian ruble have contributed to a dramatic drop in the import of consumer goods and supply for Russian industrial clients. As a result, the market is far from being saturated as it needs time to establish a new manufacturing culture.
This offers an immense opportunity to skip the traditional path of development of the national industry and jump straight into the industry 4.0 paradigm – building up new facilities equipped with the best data centres and cutting edge technologies in the country renowned for talented engineers, computer protégés and low energy cost.
Moreover, it has never been easier to do business in Russia and that is particularly true for SEZ Stupino Quadrat. In 2014, Russia proclaimed a New Era of Industrialisation, introducing numerous state subventions and other incentives for industrial investors. The team at Stupino Quadrat goes above and beyond at supporting its clients at all stages of the project implementation, from establishing a company to obtaining all necessary documents such as visas, labour force permits, construction and operation permissions, fundraising, recruitment and training, outsourcing and out stuffing, interims management and so forth.
“We finalised the purchase of the land in Stupino Quadrat on February 27 this year – just before the Covid 19 pandemic – but we have not stopped for a minute. We are building Barilla‘s first mill in Eastern Europe and we will invest over 150 Million Euro because we trust in the Russian market and thanks to the management team at SEZ Stupino Quadrat,” says Mikhail Putilin, the Vice President for Russia and CIS at Barilla.
“We are happy to have chosen SEZ Stupino Quadrat as a location for our first plant in Russia,” says Ashok Chaturvedi, the founder of the UFLEX group. “We invested 65 Million USD and erected a 22 000 sq. m plant within 14 months. We are thinking about stage two investment already, 2 years ahead of the business plan!”
Harals Deller, the CEO at Backaldrin, an Austrian medium-sized enterprise notes: “We shook hands in spring and started operations in autumn of the same year and the government had reimbursed us part of the construction cost.“
Ekaterina Evdokimova is the driving force behind SEZ Stupino Quadrat. She is committed to building bridges between Russian and international organisations and would welcome the opportunity to discuss projects of any size and format, as well as advise on any questions related to the foreign investments in Russia.
Some facts and figures about the SEZ Stupino Quadrat:
1000 hectares land in the South of Moscow
100 MW electricity
60 cubic meter gas per hour
Railway station on site
Residential and recreational areas
0% asset tax
0% land tax
0% transport tax
2% profit tax
0% import duties and VAT*
28 investors from 9 countries
Among them 10 operating factories and 17 under construction
*Not applicable in case of resale outside of SEZ
Promotional video from SEZ Stupino Quadrat (w/ English Subtitles)