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Belarus Introduces New Large Investment Incentives for Great Stone Industrial Park

01 July 2021

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Approved Changes

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Belarus

Belarus has published Decree No. 215 of 11 June 2021, which includes revisions to improve the regulations and the investment climate of the China–Belarus Great Stone Industrial Park. Key changes include new preferential conditions for "large investments", including the introduction of a 10-year exemption from tax on dividends or equivalent income of investors the implement such investments. For this purpose, "large investments" are defined as investment projects within an investment equivalent of at least USD 50 million that are implemented within five years of concluding the relevant agreement with the park administration. Decree No. 215 is generally effective from 17...