Abstract: The article is devoted to the analysis of free economic zones (FEZs) and their types including those that are located in the territory of the Republic of Crimea. The object of the research is a set of legal relations arising in the process of implementing and operating a special administrative legal regime in the territory of the Republic of Crimea. The subject of the research is a set of legal acts regulating the mechanism of introducing and implementing a special administrative legal regime of investment and enterpreneurial activity in the Republic of Crimea. The authors have used different methodological approaches in the course of achieving research objectives including systems approach to analyze the current system of legal regulation in FEZs and evolutionary approach allowing to define internal development patterns of the special administrative legal regime in the territory of FEZs. The novelty of the research is caused by the fact that the authors provide results of the theoretical summary which allows to prove the profitability of special administrative legal regimes of foreign trade activity in Russia aimed at creation of 'growth points' in certain parts of the country as well as to develop legal instruments to increase their efficiency as an important elementn of the mechanism of state regulation of the economic sphere. The outcome of the research is the authors' recommendations on improving legislation that regulates activity of FEZs in the Republic of Crimea for the purpose of developing the administrative mechanism of full integration of these regions into the economic system of Russia. 

Abstract: The research object of the set of relations connected with the development of investment activities in the Republic of Crimea. The research subject is the system of statutory instruments regulating the mechanism of establishment and application of investment activities development instruments provided by the restored free economic zone institution. The result of the study is the conceptual model of investment activities development in the Republic of Crimea with the help of the free economic zone. The model is a system description of an imitation form of public administration in the sphere of the free economic zone development on the territory of the Republic of Crimea. The main purpose of the Model establishment is the provision of a comprehensive integration of the region in the system of a single legal platform for a complex functioning of the free economic zone on its territory. The research methodology comprises the dialectical method and the related general and specific methods (the system and evolutional approaches, comparative-legal analysis, the method of modeling structural-logical and functional algorithms). The authors analyze the institutions of a special economic zone and a free economic zone, and propose the conceptual model of investment activities development in the Republic of Crimea. The proposed mechanisms of investment activities intensification can be used by the companies for output product increase, improvement of logistic sphere, and optimization of tax and customs payment flows. The implementation of the authors’ proposals about amending the statutory instruments of the Russian Federation will give the opportunity to use them in the work of the supervisory bodies thus simplifying the work of enterprises and making it more transparent, increasing the investors’ interest in their presence on the territory of the Republic of Crimea.