ENG
- Shchuchin District Executive Committee:
- 11 Svobody Square, Shchuchin, 231513
- E-mail:
- shuchrik@mail.grodno.by
- Phone: 8-(015-14)-28270
- Fax: 8-(015-14)-29633
Legislation
On the territory of the Republic of Belarus, investment activities are regulated by the norms of national and international legislation.
At the level of national legislation, the issues of making investments in the Republic of Belarus are regulated by the "Law on Investments", which establishes the legal framework and basic principles for making investments on the territory of the Republic of Belarus, and the provisions of which are aimed at attracting investments into the economy of the Republic of Belarus, ensuring guarantees, rights and legitimate interests investors, as well as their equal protection.
Also in Belarus, the state policy of investment support is being actively implemented, which is provided in the form of:
guarantees of the Government of the Republic of Belarus - provided to creditors in cases of attracting foreign loans or loans from banks of the Republic of Belarus for the implementation of investment projects;
centralized investment resources.
An additional type of state support for investment activities is the mechanism of an investment agreement. This tool allows an investor to establish additional guarantees for protecting his capital and at the same time receive preferential conditions and preferences for the implementation of an investment project, including those not established by legislative acts.
Investment activities in relation to subsoil, waters, forests, lands and objects that are only owned by the state, or activities that are subject to the exclusive right of the state, may be carried out on the basis of a concession. In relation to subsoil, investment activities can also be carried out on the basis of an investment agreement.
Concession agreements are concluded through a tender or auction. Conclusion of concession agreements without a tender or auction is allowed:
with an investor who has carried out geological exploration of the subsoil in accordance with the established procedure at his own expense;
by the decision of the President of the Republic of Belarus.
Special legal regimes with additional provision of benefits to the investor are introduced when implementing investment projects in free economic zones, in the Hi-Tech Park, in the Industrial Park, in the South-East region of the Mogilev region (SEA), in the Orsha district, in medium and small urban settlements, in rural areas , as well as small and medium-sized businesses.
Compliance with international standards of conditions for insurance of risks of foreign investors is ensured by the full membership of Belarus in the Multilateral Investment Guarantee Agency (MIGA), which, as an institution of the World Bank Group, allows investors to insure ongoing projects against political and non-commercial risks. At the moment, the Government of the Republic of Belarus and MIGA have concluded Agreements on the legal protection of guaranteed foreign investments and on the use of local currency.
In addition, in order to create favorable conditions and protect investments made by investors of one state on the territory of another state, the Republic of Belarus signed about 60 bilateral agreements on assistance in the implementation (encouragement) and mutual protection of investments.
In particular, these agreements provide guarantees:
national treatment;
most favored nation treatment;
expropriation and compensation;
other guarantees.
Contacts for proposals
Proposals for the implementation of the Plan's activities, as well as amendments to the Action Plan to improve the investment climate in the Republic of Belarus in the medium term, please send to e-mail: minec@economy.gov.by.
Contact faces:
Tarakanov Yuri Alekseevich - Deputy Head of the Main Directorate of Investment Policy - Head of the State Policy Directorate for Attracting Investments.
Phone: 215-30-83.
Ruslan Leonidovich Neverovich - Deputy Head of the Department of State Policy for Attracting Investments of the Main Directorate of Investment Policy.
Phone: 215-30-91.
At the level of national legislation, the issues of making investments in the Republic of Belarus are regulated by the "Law on Investments", which establishes the legal framework and basic principles for making investments on the territory of the Republic of Belarus, and the provisions of which are aimed at attracting investments into the economy of the Republic of Belarus, ensuring guarantees, rights and legitimate interests investors, as well as their equal protection.
Also in Belarus, the state policy of investment support is being actively implemented, which is provided in the form of:
guarantees of the Government of the Republic of Belarus - provided to creditors in cases of attracting foreign loans or loans from banks of the Republic of Belarus for the implementation of investment projects;
centralized investment resources.
An additional type of state support for investment activities is the mechanism of an investment agreement. This tool allows an investor to establish additional guarantees for protecting his capital and at the same time receive preferential conditions and preferences for the implementation of an investment project, including those not established by legislative acts.
Investment activities in relation to subsoil, waters, forests, lands and objects that are only owned by the state, or activities that are subject to the exclusive right of the state, may be carried out on the basis of a concession. In relation to subsoil, investment activities can also be carried out on the basis of an investment agreement.
Concession agreements are concluded through a tender or auction. Conclusion of concession agreements without a tender or auction is allowed:
with an investor who has carried out geological exploration of the subsoil in accordance with the established procedure at his own expense;
by the decision of the President of the Republic of Belarus.
Special legal regimes with additional provision of benefits to the investor are introduced when implementing investment projects in free economic zones, in the Hi-Tech Park, in the Industrial Park, in the South-East region of the Mogilev region (SEA), in the Orsha district, in medium and small urban settlements, in rural areas , as well as small and medium-sized businesses.
Compliance with international standards of conditions for insurance of risks of foreign investors is ensured by the full membership of Belarus in the Multilateral Investment Guarantee Agency (MIGA), which, as an institution of the World Bank Group, allows investors to insure ongoing projects against political and non-commercial risks. At the moment, the Government of the Republic of Belarus and MIGA have concluded Agreements on the legal protection of guaranteed foreign investments and on the use of local currency.
In addition, in order to create favorable conditions and protect investments made by investors of one state on the territory of another state, the Republic of Belarus signed about 60 bilateral agreements on assistance in the implementation (encouragement) and mutual protection of investments.
In particular, these agreements provide guarantees:
national treatment;
most favored nation treatment;
expropriation and compensation;
other guarantees.
Contacts for proposals
Proposals for the implementation of the Plan's activities, as well as amendments to the Action Plan to improve the investment climate in the Republic of Belarus in the medium term, please send to e-mail: minec@economy.gov.by.
Contact faces:
Tarakanov Yuri Alekseevich - Deputy Head of the Main Directorate of Investment Policy - Head of the State Policy Directorate for Attracting Investments.
Phone: 215-30-83.
Ruslan Leonidovich Neverovich - Deputy Head of the Department of State Policy for Attracting Investments of the Main Directorate of Investment Policy.
Phone: 215-30-91.