The Republic of Belarus is the only country among the CIS countries that accepted Investment Code as the fundamental document controlling not only national but also foreign investment of capital at the territory of the country. Investment Code sustains property rights of the foreign investors, provides them with activity conditions that are on less profitable than for the national manufacturers. It also establishes for them special stimulating advantages in taxation, customs and currency spheres.

 

Our country developed the system of mobilization of foreign investors. One gives intent consideration to the question of foreign investment development in Belarus , one also takes measures to protect rights and grant privileges. In August 2009 new steps in the sphere of encouragement of investment activity were taken. This question is interpreted through the following documents «Decree of the President of the  Republic of  Belarus№ 10 dated from6 August 2009 » and«Ordinance of the President of the Republic of Belarus № 413 dated from6 August 2009 ».
Belarus offers to the investors the following advantages: geographical position in the center of  Europe, favorable natural-climatic conditions, political and social stability, qualified and relatively cheap manpower resources, high scientific and industrial potential, capacious domestic market. The advantage is also the location of the Republic at the crossroads of main railways and automobile roads, systems of oil-, gas- and product-pipelines, communications between Western Europe and regions of Russia , countries of Asia .

 

Entering the single customs area/space with Russia , Belarus grants to the potential investor the extensible approach not only to the Belarusian market, but also to the vast Russian market capacity.

 

In our country acts the Advisory council on foreign investment of capital that is headed by the Prime-minister of the Republic of Belarus . The object of this council is to work out main tasks and arrangements for the investment improvement and also to solve arising problems of the foreign investors.

 

Foreign and joint enterprises are granted with various discounts/privileges:

 

-exemption from the tax payment for the production activity profit within three years;

 

-exemption from the customs clearance charge and value-added tax while importing to the territory of the republic the fixed assets oriented for the forming of the collective investment fund;

 

-license-free export of the home manufacture production and import for the production of the own manufacture;

 

- freedom in the choice of the products suppliers and in the sphere of price fixation for the products of domestic manufacture and many other benefits and preferences.

 

Belarus successfully cooperates with the world famous corporations. There were created joint and foreign enterprises together with the  Hollandcompany «Coca-Cola», American  company «MacDonald’s», Danish company  «Maersk Medical».

 

Our plant also successfully collaborates with foreign investors. Thus, in2009 with the help of foreign investment capital the re-equipment of the workshop of the phthalic anhydride manufacture with the expansion of the issuing production was fulfilled.

 

Nowadays the investment strategy is oriented to the arrangement of universal macroeconomic conditions for national and foreign investors regarding the effect of stabilization norms, licensing sphere and foreign-economic activity. The government of the Republic of Belarus has taken a number of measures in organizational and informational provision of the investment activity of the foreign investors. RUE«National Investment Agency» is created for the purpose of increasing the volumes of mobilization of foreign investors, base of the investment projects is constantly renewed, there’s the work in involvement of funds of foreign lines of credit on the security of the government of the Republic of Belarus .

 

All these make our country an attractive and profitable place for foreign capital investment.