A brief comparison of three localization options for a green field investment in Russia: (1) Special Economic Zone set up the central gov (2) Industrial park set up by local governments (3) Elsewhere Special economic zones offer by far the largest tax incentives in Russia. Long periods of income tax breaks and extremely cheap lands are among the most significant incentivrs. However their location is outside the geographical scope of most investors, i.e. outside the Moscow and Skt. Petersburg (Leningrad) regions. Industrial parks set up by some local governments (such as the one in Kaluga) offer much richer choice in terms of location, while the incentives are less lavish than in SEZs but still significant. Incentives offered by most other regional governments are more moderate than in the above mentioned options.