Investors, when investing in priority activities (economic sectors) and in other cases established by the legislative acts of the Republic of Belarus, are entitled to use benefits and preferences in accordance with the legislation of the Republic of Belarus.
Currently, the investor is provided with a number of benefits enshrined in paragraph 2 of Decree of the President of the Republic of Belarus of 06.08.2009 N 10 "On Creating Additional Conditions for Investment Activities in the Republic of Belarus". The investor and/or an organization established in the Republic of Belarus by this investor or with its participation, in the manner prescribed, are exempted from:
- paying the fee for the right to conclude a land lease agreement
- land tax or rent for land plots owned by the state, provided for the construction of facilities envisaged by the investment project
- import customs duties and value added tax, charged by customs authorities, when importing technological equipment (components and spare parts for it) into the territory of the Republic of Belarus for use within the framework of the investment project.
- paying the state fee for issuing permits for attracting foreign labor, special permits for the right to engage in labor activities, and for foreign citizens and stateless persons attracted by the investor for issuing permits for temporary residence in the Republic of Belarus.
- value added tax and profit tax, the obligation for gratuitous transfer of capital structures (buildings, structures), isolated premises, unfinished capital construction objects and other fixed assets, transferred in the manner prescribed by law for the implementation of the investment project into the ownership of the investor.
The receipt of the specified benefits and the implementation of investment projects for which these benefits are granted shall be carried out by concluding an investment agreement between the investor (including a foreign investor) and the Republic of Belarus in the manner and on the terms determined by Decree No. 10 and other acts of investment legislation.
Tax, customs benefits and preferences in the field of currency regulation are granted to residents of free economic zones on the basis of the Law of the Republic of Belarus of 07.12.1998 No. 213-Z "On Free Economic Zones".