Investment legislation to be adjusted in Belarus

10 марта 2021
The Ministry of Economy initiates incentives for investors. So, the plans for this year to intensify the work on the launch of a new investment cycle. Currently, work is underway to amend the law "On Investments" and Decree No. 10. The initiatives of the relevant department were discussed in detail in the Council of the Republic today by parliamentarians, representatives of interested ministries and organizations. Thus, exemption for 5 years from income tax and real estate tax, invariability of taxation conditions for 5 years and a special regime of special investment contracts are provided. The requirements for the investor are also limited.

Last year, a little less than $1,5 billion of foreign investment was channeled in Belarus. An increase of 6,5%. The multi-vector nature of the policy being pursued is obvious: about 80 countries of the world act as investors. Russia is the main partner.