Edict of the President of the Republic of Belarus

(Unofficial translation)

 

Edict of the President of the Republic of Belarus

No. 413 of August 6, 2009

 

On Granting to Natural and Legal Persons Powers for Representation of Interests of the Republic of Belarus on Issues Concerning the Attraction of Investments to the Republic of Belarus

 

With a view of improving the activity on attracting investments for implementing investment projects in the Republic of Belarus:

1. To establish that the Council of Ministers of the Republic of Belarus:

1.1 is entitled to grant to natural and/or legal persons powers for representation of the interests of the Republic of Belarus on issues concerning the attraction of investments to the Republic of Belarus (hereinafter – investment agents);

1.2 determines investment agents as advised by the republican body of state administration, other state organizations subordinated to the Government of the Republic of Belarus, Regional (Minsk City) Executive Committee (hereinafter – state body) on the basis of the application of a natural or legal person which pretends to obtain such a status;

1.3 determines a state body which is to conclude a contract about representing interests of the Republic of Belarus on issues concerning the attraction of investments to the Republic of Belarus with an investment agent on a gratuitous basis with regard to activity and work experience of the investment agent on implementing investment projects in the territory of the Republic of Belarus and beyond its borders. The mandatory conditions of the said contract shall be the obligations of the investment agent concerning:

attraction of investors for implementing investment projects in the interest of the Republic of Belarus;

supporting investment projects (while they are being prepared and implemented), including providing investors with consulting, legal and marketing services, as well as services for developing the documents necessary to implement those projects.

2. The Council of Ministers of the Republic of Belarus shall:

within three months, approve Regulations on the Order of Granting to Natural and Legal Persons powers for representation of interests of the Republic of Belarus on issues concerning the attraction of investment to the Republic of Belarus, specifying in those Regulations the order of their interaction on those issues with state bodies;

take other measures to implement this Edict.

3. Control for the implementation of this Edict is imposed on the Council of Ministers of the Republic of Belarus and the Committee of State Control of the Republic of Belarus.

4. This Edict enters into force from the date of its official publication.

 

President of the Republic of Belarus

                                   A.Lukashenko

 

 

* unofficial translation *