Features of development of investment process in the Republic of Crimea

The necessity of attracting investments to the Republic of Crimea and potential opportunities for the development of the investment process in the region is grounded. The article considers unfavorable factors negatively influencing the development of the investment process in the Republic of Crimea. The main directions aimed at the development of the investment process in the Republic of Crimea are presented. The peculiarities of tourism development with the purpose of obtaining additional investment flows are analyzed. Consider the process of attracting a foreign tourist to the Republic of Crimea and the problems associated with the implementation of this process in accordance with the existing sanctions regime: obtaining a Russian visa, booking accommodation on the peninsula, transport communication with the Republic of Crimea. A simplified method for obtaining species by a foreign tourist when visiting the Republic of Crimea is proposed. Schematically presented is the process of obtaining a single entry visa by a foreign tourist. Considered are the problems that arise in tourists when cash is deposited on the territory of the republic in connection with the blocking of the functioning of Visa and Master Card payment systems. The importance of the development and implementation of the “Mir” payment system for the development of tourism and investment process in the territory of the Republic of Crimea was noted. The development of a banking product is proposed that will allow a foreign tourist to access the national payment system in a short period of time. The possibilities of investing in real estate in the Republic of Crimea are studied. As an effective tool stimulating a high level of investment attractiveness of the republic, it was suggested to develop a state program “Residence permit or citizenship in exchange for investment” based on obtaining a residence permit or citizenship by foreign citizens, provided investment in the economy of the Republic of Crimea.