On August 28, 2020, a package of federal laws on state support for entrepreneurial activity in the Arctic zone of the Russian Federation came into force. Thanks to the adoption of a package of laws, the Russian Arctic is becoming the largest economic zone in Russia and the world with a single set of tax and administrative preferences. Obtaining the status of a resident of the Arctic zone of the Russian Federation is established by Federal Law No. 193-FZ dated July 13, 2020 "On State Support for Entrepreneurial Activity in the Arctic Zone of the Russian Federation". As part of the application for the status of a resident of the Arctic zone of the Russian Federation, the Investment Portal of the Arctic Zone of Russia has been developed, as well as the investor's office, through which the applicant will apply for the status.