Arctic Entrepreneurship: Legal Aspects

The article considers the issues of legal regulation of economic activities in the Arctic zone of Russia. The main areas of small and medium-sized businesses in the Russian Arctic for the development of entrepreneurial activity were studied. An analysis of a special subject of entrepreneurial activity in the Arctic zone of Russia, which receives the status of a resident, is given. Arctic economic activity has been identified at the current stage in Russia as an independent institution of entrepreneurial law, which in the future research will give a big impetus to development in terms of the adoption of regulatory legal acts. Based on the analysis of legal acts, the state, as a guarantor of the development of economic relations, is obliged to subsidize with cash the main types of small and medium-sized entrepreneurial activities in the Arctic zone of Russia, and on the other hand, large commercial companies must reimburse the costs for manufacturers of local products. It was proposed to develop electronic trade on the territory of Russia, accordingly, there is a need to connect all Arctic entities to high-speed Internet. It was concluded that for the legal regulation of complex relations, the Arctic Code of Russia should be adopted.