Edict of the President of the Republic of Belarus

(Unofficial translation)

 

Edict of the President of the Republic of Belarus
No 93 of March 2, 1998
[Amended as of August 22, 2018]

On Creation of Free Economic Zones "Minsk" and "Gomel-Raton"

With the aim to attract national and foreign investments for creation and development of production facilities based on new and high technologies, to ensure favourable conditions for economic development of the regions of the Republic, I decree:

1. To create the Free Economic Zones "Minsk" and "Gomel-Raton" for the term until December 31, 2049.

To establish the total area of the Free Economic Zone "Minsk" equal to 2791.4458 hectares within the boundaries according to Annex 1[translation not provided], and the Free Economic Zone "Gomel-Raton" equal to 4064.4125 hectares within the boundaries according to Annex 2 [translation not provided].

2. To establish that:

2.1. the Free Economic Zones "Minsk" and "Gomel-Raton" shall be complex zones;

2.2. financing of the development of the Free Economic Zones "Minsk" and "Gomel-Raton", including industrial, engineering, transport and other infrastructure along with maintenance of the administrations of the Free Economic Zones  "Minsk" and "Gomel-Raton" and other expenses stipulated by the legislations for ensuring functioning of the said zones, is carried out at the account of the means of the republic budget and development funds of the Free Economic Zones "Minsk" and "Gomel-Raton", other sources not prohibited by the legislation;

2.3. development funds of the Free Economic Zones "Minsk" and "Gomel-Raton" shall be formed at the account of rent payments for the land and property which are in operative administration of the administrations of the said zones, as well as at the account of revenues in accordance with the contracts on activity conditions of economic entities in the territories of the zones.

Specific sources of forming the development funds of the Free Economic Zones "Minsk" and "Gomel-Raton" and directions of their spending shall be determined by the Council of Ministers of the Republic of Belarus.

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

3.1. approve, within a two months' period, the following regulations:

on the Free Economic Zones "Minsk" and "Gomel-Raton", wherein to reflect the peculiarities of their legal regime, the list, structure, and competence of the management and control bodies of the zones, the methods of their interaction with other state bodies and the economic entities operating in these zones;

On administrations of the Free Economic Zones "Minsk" and "Gomel-Raton";

3.2. resolve, under the established procedure, the issue of transfer, in the first half of 1998, into operative administration of the administrations of the Free Economic Zones "Minsk" and "Gomel-Raton" of the property being in the republican and communal ownership.

4. The National Bank, jointly with the Ministry of Finance and upon agreement with the administrations of the Free Economic Zones "Minsk" and "Gomel-Raton", shall, within a three month period, prepare and submit, under the established procedure, into the Council of Ministers of the Republic of Belarus the procedure of granting to foreign investors of financial guarantees for repatriation of the incomes obtained in the territories of the mentioned zones, and the procedure for performance of currency operations in these territories.

5. The Ministry of Finance, in the 1st quarter of 1998, shall determine the mechanism of formation of the budgets of the Free Economic Zones "Minsk" and "Gomel-Raton".

6. The State Customs Committee shall, within a two month period from the day of approval of the Regulations on the Free Economic Zones "Minsk" and "Gomel-Raton", establish the procedure for customs clearance of goods delivered to the territories of the said zones, and taken out from their territories.

7. The local executive and administrative bodies operating on the territories of the Free Economic Zones "Minsk" and "Gomel-Raton" shall, in the 1st quarter of 1998, delegate to the administrations of the said zones the powers to seize and give into lease to residents of these zones of land plots located within the boundaries of the zones.

8. This Edict enters into force from the day of its publication.

 

President of the Republic of Belarus

A. Lukashenko