Address: 25 Lenina Street, Postavy, 211840
Phone: 8 (02155) 4-10-45, 8 (02155) 4-12-45
Fax: (8-02155)-2-18-45
E-mail: postavisp@vitebsk.by

Embankment Tysenhaus Palace Postavy at Night Church Night Embankment
Embankment
Embankment
Tysenhaus Palace
Postavy at Night
Church
Night Embankment

Why the Republic of Belarus?

The Republic of Belarus is a unitary democratic social state based on the rule of law, with an open and fast growing economy. Belarus is a landlocked country, but due to its geographic position acts as an important transport and trade corridor between the EU and the CIS countries.

A number of oil and gas pipelines, railways and highways, water routes and communication lines cross the territory of the republic.

Belarus actively implements the policy of preferential investment treatment: in the Industrial park, free economic zones, small towns and rural areas, in case of signing of investment agreement with the Republic of Belarus.

 Investments activity: benefits and preferences

 

Industrial park

FEZ

Small and medium towns, rural areas

High-Tech Park

 

Investment Agreement 

Income tax

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Real estate tax

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Land tax

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Value added tax

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Customs fees (VAT and customs duty) upon import of goods

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Individual income tax

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Contributions to social protection fund

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Tax on income and revenues of foreign companies which do not operate through a permanent representative office, concerning dividends and royalty

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VAT and profit tax upon getting into ownership of permanent structures (facilities, construction in progress)

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Compensation payments for harmful impact on objects of flora and fauna during construction

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Compensation payments for trees and shrubs clearing

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Obligatory sale of currency earnings

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Payments in foreign currency between residents of the Republic of Belarus

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Construction according to foreign norms

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Concurrent design and construction

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Choice of contractor

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State duty for registration as a resident

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State duty for issuance of permits for attracting of foreign labour, special permits for employment in Belarus

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In 2010 Belarus, Kazakhstan and Russia created the Customs Union, in 2012 they proceeded with the formation of the Common Economic Space (CES) and in 2014 signed the Agreement on creation of Eurasian Economic Union (EEU) which will operate since January 1, 2015. A number of regional countries (Armenia, Kyrgyzstan) declared its intention to join the Union in 2015. Belarus actively participates in integration projects (Common Economic Space, Eurasian Economic Union), that gives investors access to the large Eurasian market.

Legislation of the Republic of Belarus is based on the European principles, guarantees all the investor rights, admits the use of British, Swiss, Italian or any other law and arbitration.

It covers all the modern investment schemes: from creation of foreign and joint enterprises to concession agreements.

In 2014 progressive law on investment, developed in cooperation with the International Finance Corporation, entered into force. It envisages the improvement of fundamental investment legislation on the basis of best international practices, provides simplicity and transparency of the stated norms and terms, ensures essential protection guarantees for investors.

Belarus is a party to the Convention on the settlement of investment disputes between the states and nationals of other states, March 18, 1965.

Belarus is a member of the Multilateral Investment Guarantee Agency (MIGA). It creates the conditions (according to international standards) for covering risks of foreign investors, confirms that the country is ready to follow the generally accepted rules and standards of international economic cooperation.

The National Agency of Investment and Privatization is authorised to represent interests of the Republic of Belarus on the issues of attracting investment to the country.

Its objective is to create an efficient system of attracting foreign direct investments to the economy of Belarus, including by improvement of the privatization mechanism.

Agency acts as a "one-stop shop" assisting foreign investors during the whole process of investment project implementation including post-project support (aftercare).

Its services are free of charge for foreign investors.