OBS_VALUE: New 2020 Law on protection and encouragement of investments provides terms and conditions for an investment agreement that a legal entity incorporated in the RF could conclude with the State or its municipality. To note, founders of such entity could be both foreign and local investors. The advantages of concluding this agreement is a possibility to obtain State’s guarantees of protection in the form of a stabilization clause (that could apply e.g., to taxation, land use rights and construction regulation for a period from 6 to 20 years), as well as State subsidies in reimbursing costs for development of the investment project’s infrastructure (including transport and digital infrastructure). Thus, State offers significant incentives for investment projects, if they are implemented through locally incorporated legal entity. See also: https://www.pnp.ru/economics/vebrf-khotyat-privlech-k-zaklyucheniyu-soglasheniy-o-zashhite-i-pooshhrenii-investiciy.html