Decree of the President of the Republic of Belarus

(Unofficial translation)

 

Decree of the President of the Republic of Belarus

No 12 of September 22, 2005

(Amended as of November 3, 2014)

On the Park of High Technologies

 

For the purposes of providing of favourable conditions for increasing of competitiveness of branches of economy of the Republic of Belarus, based on new and high technologies, further improving of economic-organizing and social conditions for development of modern technologies and increasing of export of such technologies, attraction of domestic and foreign investments to this sphere, and in accordance with part 3 of Article 101 of the Constitution of the Republic of Belarus, I decree:

1. To create:

the Park of High Technologies for the development of the software, information and communication technologies, other new and high technologies in the Republic of Belarus, aimed at increasing of competitiveness of the national economy;

the Administration of the Park of High Technologies.

2. To establish that:

the Park of High Technologies is a part of the territory of the Republic of Belarus with a total area of 50 hectares within boundaries in accordance with the appendix, with a special legal regime the effective period of which shall be 15 years from the day of entry into force of the this Decree ;

the Administration of the Park of High Technologies is a state legal person organized as an institution and shall carry out direct management of functioning of the given Park;

legal persons subordinated to the National Academy of Sciences of Belarus, located within the boundaries of the Park of High Technologies on the date of entry into force of this Decree , can be registered as residents of the said Park under the common procedure, subject to observance of the requirements established.

3. To approve the annexed:

Regulations on the Park of High Technologies.

4. The National Academy of Sciences of Belarus, after the establishment of the Administration of the Park of High Technologies under the established procedure, shall transfer to this institution, for operative administration, the object of not-completed construction "Specialized engineering and design bureau with pilot production of the Institute of Physics", located in the territory of the Park of High Technologies and allocated to the National Academy of Sciences of Belarus.

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

within three months, submit the Statute of the Administration of the Park of High Technologies to the President of the Republic of Belarus for approval in accordance with the existing procedure;

within six months, take measures ensuring for the National Academy of Sciences of Belarus the possibility to provide a high-speed access to the international scientific network for the residents of the Park of High Technologies;

in 2005-2007, to ensure the completion of construction of the object located in the territory of the Park of High Technologies and transferred for the operative administration to the Administration of the said Park.

6. The National Bank shall ensure providing credits to the Administration of the Park of High Technologies from the banks of the republic, after it is established in accordance with the existing procedure, for the arrangement of operation of this institution.

7. The Minsk City Executive Committee shall:

7.1. within the three month period:

exempt the residents of the Park of High Technologies from the charge for inviting citizens of the Republic of Belarus – non-residents of Minsk, for working and residence in Minsk;

in accordance with the existing procedure, seize the land plots given to the National Academy of Sciences of Belarus for building dwelling houses and residences, located within the boundaries of the Park of High Technologies, and to allocate other land plots to the National Academy of Sciences of Belarus for the above-mentioned purpose;

7.2. intervene as a customer of construction on complex development of the territory of the Park of High Technologies within its boundaries.

In this instance the Administration and the residents of the Park of High Technologies are entitled, in agreement with the Minsk City Executive Committee, to act as customers of construction of production, service and social sphere objects and dwelling houses for employees of the residents of the Park of High Technologies in its territory.

8. The Council of Ministers of the Republic of Belarus, the National Academy of Sciences of Belarus and the Minsk City Executive Committee shall, within three-month period, take other measures for the implementation of this Decree.

9. To recommend to the Minsk City Council of Deputies:

9.1. within three-month period:

to exempt the residents of the Park of High Technologies from paying local taxes and dues.  Not to collect payments for share participation in the development of branches of municipal economy and recovery of expenses for created engineering, transport and social infrastructure from the mentioned persons acting as customers of construction and reconstruction of buildings and constructions in the territory of the Park of High Technologies;

to take a decision about non-application of coefficients resulting in raising of the rates of land tax to the residents of the Park of High Technologies.

9.2. within one-month period after establishing the Administration of the Park of High Technologies, to consider the issue on providing the said institution with the privileges stipulated in sub-clause 9.1 of this clause.

10. This Decree enters into force in three months on the day of its official publication, with the exception of clauses 4 – 9 and this clause which enter into force on the day of the official publication of this Decree; the Decree is temporary and in accordance with part 3 of Article 101 of the Constitution of the Republic of Belarus is to be presented for consideration of the National Assembly of the Republic of Belarus.

 

President of the Republic of Belarus

A. Lukashenko

 

 

Annex

To the Decree of the President of the Republic of Belarus No. 12 of September 22, 2005

 

Boundaries of the Park of High Technologies

The southern boundary of the landscape-recreational zones 88 LR2 and 228 LR4 (in accordance with the General Plan of the City of Minsk, approved by the Edict of the President of the Republic of Belarus No.165 of April 23, 2003 "On the approval of the General Plan of the City of Minsk with Adjacent Territories and Some Matters of Its Implementation " - from the red line of Minsk ring highway up to the red line of Akademika Kuprevicha Street.

The red line of Akademika Kuprevicha Street (the side with even numbers) - from the boundary of the landscape-recreational zone 228 LR4 up to the red line of Rusijanova Street.

The red line of Rusijanova Street (the side with odd numbers) - from the red line of Akademika Kuprevicha Street up to the red line of Frantsiska Skoriny Street.

The red line of Frantsiska Skoriny Street (the side with odd numbers) - from the red line of Rusijanova Street up to the east red line of the passage located along the land plots of the state scientific institution "Physical and Engineering Institute of the National Academy of Sciences of Belarus" and the state scientific institution "Institute of Mechanics and Machines Reliability of the National Academy of Sciences of Belarus".

The eastern red line of the passage located along the land plots of the state scientific institution   "Physical and Engineering Institute of the National Academy of Sciences of Belarus" and the state scientific institution "Institute of Mechanics and Machines Reliability of the National Academy of Sciences of Belarus" - from the red line of Frantsiska Skoriny Street up to the red line of Akademika Kuprevicha Street.

The red line of Akademika Kuprevicha Street (the side with odd numbers) - from the passage located along the land plots of the state scientific institution "Physical and Engineering Institute of the National Academy of Sciences of Belarus" and the state scientific institution "Institute of Mechanics and Machines Reliability of the National Academy of Sciences of Belarus", up to the red line of Minsk ring highway.

The red line of Minsk ring highway - from Frantsiska Skoriny Street up to the boundaries of the landscape-recreational zone 88 LR2.

 

 

APPROVED

Decree of the President of the Republic of Belarus No. 12 of September 11, 2005

 

REGULATIONS 
on the Park of High Technologies

(as amended by Decree of the President of the Republic of Belarus No.4 of November 3, 2014)

CHAPTER 1 
GENERAL PROVISIONS

1. These Regulations determine legal grounds for activities of the Park of High Technologies, functions and working procedures of its Supervisory Council, the competence of the Administration of the Park of High Technologies (hereinafter referred to as the Park Administration), procedures of registration of residents of the Park of High Technologies, requirements to their activities, provide measures of state support to the residents of the Park of High Technologies and also  to legal persons carrying out activity in the sphere of new and high technologies, not registered as residents of the Park of High Technologies.

2. Directions of activity of the Park of High Technologies are:

development and introduction of information and communication technologies and software in industrial and other organizations of the republic;

export of information and communication technologies and software;

other directions coordinated with the President of the Republic of Belarus.

Proposals about extending the list of directions of the mentioned activities are submitted by interested organizations to the Park Administration which provides coordination of these proposals with the Supervisory Council of the Park of High Technologies (hereinafter referred to as the Supervisory Council) and submits these proposals, in accordance with existing procedure, to the Council of Ministers of the Republic of Belarus for submission to the President of the Republic of Belarus for coordination.

CHAPTER 2
RESIDENTS OF THE PARK OF HIGH TECHNOLOGIES APPLICATION FOR REGISTRATION AS RESIDENT OF THE PARK OF HIGH TECHNOLOGIES

3. The right to be registered as residents of the Park of High Technologies may be obtained by legal persons and individual entrepreneurs of the Republic of Belarus, who have submitted the documents in accordance with Clause 4 of these Regulations to the Park Administration and who carry out or plan to carry out one or several of the following kinds of activity:

analysis, design and software for information systems*;

activity on processing data applying customer's software or own software;

fundamental and applied research, experimental developments in the sphere of natural and engineering sciences (research and development, technological and constructing experimental activities related to the directions of activity of the Park of High Technologies) and implementation of the results of such research and developments;

development and separate stages of development (research, design (construction), testing, technical tests) of the materials, technologies, equipment and systems of micro-, opto- and nanoelectronics, microelectromechanics and implementation of these developments, as well as implementation of the materials, technologies, equipment and systems of micro-, opto- and nanoelectronics, microelectromechanics and compatible embedded software, developed by the resident of the Park of High Technologies.

development and separate stages of development (research, design (construction), testing, technical tests) of technologies, equipment and mechatronics systems, embedded systems, soft- and hardware, hardware-software systems, components and means of computer technology, and implementation of the results of these developments alongside with delivering services on their introduction into production or without delivering such services;

development (research, design (construction), testing, technical tests) of equipment for data transmission systems, technologies, equipment and systems of radio location, radio navigation, radio communications, radio control, radio frequency identification, and implementation of the result of these developments with delivering services on their introduction into production or without delivering such services;

activity on technical information protection, in particular cryptographic methods, including implementation of electronic digital signature <**>;

services of data processing centres established by the residents of the Park of High Technologies <***>;

consulting organisations about commercial activity and management to improve their efficiency along with delivering services on complex control of development processes and introduction of integrated information systems and technologies;

performing works (stages of works) which make for the process of software (software assets) development, support, maintenance of customers’ software (software assets) or own software (software assets);

producing databases by the resident of the Park of High Technologies while this resident develops information systems and software, preparing entries for these databases in a fixed format, granting access to these databases, their support and maintenance;

analysing information needs of legal persons and individual entrepreneurs of the Republic of Belarus (system analysis, business analysis) and consulting on using information technologies for business processes innovation (reengineering) along with developing technical requirements for information systems and software;

auditing information systems and software in process of development, introduction and implementation for correspondence to the technical requirements and (or) information needs of users according to the orders of legal persons and individual entrepreneurs of the Republic of Belarus;

delivering data transmission services, including access to the European scientific network GEANT, by state scientific institutions to organisations which are the owners of research and educational networks of the Republic of Belarus as well as to research organisations and educational institutions, as required by law;

delivering services on system and technical maintenance of computer facilities and local computer networks of state information systems;

services on introducing and maintaining corporate information systems <****> or performing certain stages of their introduction;

other kinds of activity determined by the Council of Ministers of the Republic of Belarus in coordination with the President of the Republic of Belarus.

 ____________________________

*Within the framework of this kind of activity the following is performed:

design, development, supply and drawing up documentation of information systems and individual software, which correspond to the orders of specific customers;

design, development, supply and drawing up documentation of finished software for general usage;

production of software programs according to the specification of the customer;

design, development and introduction of automated management systems;

providing services on the usage of information systems produced by the resident of the Park of High Technologies, including training (advanced training) on how to work with these systems.

<**> Within the framework of this kind of activity the following is performed:

development, production, implementation, installation, setting up, maintenance (or some of these works) of shelter technical and software tools for information-processing equipment, technical, software, hardware-software tools of information protection and this protection control, means of cryptographic information protection (or some of the tools listed);

performing tests and special research (or some of the works listed) of technical and software tools for  information-processing equipment, technical, software and hardware-software tools of information protection and this protection control, means of cryptographic information protection (or some of the tools listed);

design and production (or some of the works listed) of protection systems for information from information systems;

certification of informatization objects;

certification of protection systems for information from information systems;

working on detecting specific technical means for surreptitious obtaining of information;

identifying a form for presenting electronic documents in hardcopy;

delivering services on distributing public keys for signature verification.

<***> Within the framework of this kind of activity a resident of the Park of High Technologies shall deliver the following services, using equipment for data processing and information, telecommunication and engineering infrastructure units which belong to this resident of The Park of High Technologies on the right of ownership, economic control or operative management and which are based in a building (facility) owned, used and (or) managed by this resident of the Park of High Technologies:

hosting services (services on allocation and storage of telecommunication services user’s information resource), data back-up, archiving and recovery;

services on organization and remote implementation of distributed computing, remote software (software assets) usage.

<****> Within the framework of implementing this kind of activity project preparation, conceptual design development (business-processes description and analysis, project decision development), system prototype implementation (setting a system, developing test cases, developing extensions for system functions, functional system testing), preparing system for trial run (developing project and operational documentation, loading support information, loading historical data, learning to work with a system, integration testing), and supporting trial run shall be performed.

4. To be registered as a resident of the Park of High Technologies, a legal person or an individual entrepreneur shall submit to the Park Administration an application completed in accordance with the form approved by the Council of Ministers of the Republic of Belarus, with the following documents enclosed:

copies of the statute (constituent contract – for a commercial organization which operates only on the basis of the constituent contract) and the certificate of state registration of a legal person certified by its head, copy of the certificate of state registration of an individual entrepreneur, along with presenting originals of the mentioned documents;

business project intended for implementation as being the resident of the Park of High Technologies.  This business project shall provide clearly specified actions on implementation and development of one or several kinds of activities specified in clause 3 of these Regulations, kinds and volumes of the goods (works, services, property rights) to be realized; a substantiation of necessity for their realization; estimated revenues from this realization. The business project shall be completed in accordance with the form approved by the Council of Ministers of the Republic of Belarus.

CHAPTER 3
PROCEDURE OF MAKING THE DECISION ON REGISTRATION (OR REFUSAL IN REGISTRATION) 
OF Legal person OR INDIVIDUAL ENTREPRENEUR AS THE RESIDENT 
OF THE PARK OF HIGH TECHNOLOGIES

5. The documents submitted by a legal person or an individual entrepreneur to the Park Administration for registration as a resident shall be accepted according to a list, a copy of which with a note about the date of documents acceptance shall be handed over to the applicant.

6. The Park Administration shall consider the submitted documents and send them together with the conclusion about the expediency or inexpediency to register the applicant as a resident of the Park of High Technologies to the Supervisory Council for consideration.

If the submitted documents are wrongly executed or insufficient, they shall be returned by the Park Administration with an indication of a reason for return.

7. The Supervisory Council shall make a decision about registration or refusal in registration of a legal person or an individual entrepreneur as a resident of the Park of High Technologies, taking into consideration the importance and significance of the business project submitted by a legal person or an individual entrepreneur in accordance with paragraph 3, clause 4 of these Regulations, for the development of the sphere of new and high technologies.

8. The full term for consideration of the documents submitted for registration of a legal person or an individual entrepreneur as a resident of the Park of High Technologies by the Park Administration and making the decision by the Supervisory Council may not exceed one month from the date of submission of such documents by the applicant.

9. Prior to making the decision on the registration of an applicant as a resident of the Park of High Technologies, the Supervisory Council may give the Park Administration an order to hold a scientific and technical expert examination (examinations) of the documents submitted by the applicant, which may include experts participation (scientific and other organizations, scientists and specialists).  In this case the term of documents consideration and decision-making is to be prolonged for a period needed for carrying out expert examination (examinations), but no longer than for 10 days.

10. The grounds for refusal in registration of the applicant as the resident of the Park of High Technologies are the following:

The paragraph is excluded from January, 1 2015. – The Decree of the President of the Republic of Belarus No.4 of November, 3 2014;

a negative decision on the results of scientific and technical expert examination (examinations) of the documents submitted by the applicant for registration as the resident of the Park of High Technologies;

a decision of the Supervisory Council about absence of importance and significance of the business project offered by the applicant for implementation as the resident of the Park of High Technologies for the development of sphere of new and high technologies.

11. After the Supervisory Council has made a decision about the registration of the applicant as the resident of the Park of High Technologies, the Park Administration shall submit the compatible data to the Register of Residents of the Park of High Technologies and business projects in the sphere of new and high technologies (hereinafter referred to as the Register of Residents of the Park and Business Projects), issue  the Certificate of registration of the resident of the Park of High Technologies to the applicant and notify in writing, within five days, respective state statistics bodies, the Fund of Social Protection of Population of the Ministry of Labour and Social Protection, the inspectorate of the Ministry on Taxes and Dues where the resident of the Park of High Technologies is registered.

12. Forms of the Register of Residents of the Park and Business Projects and Certificate of registration of the resident of the Park of High Technologies are to be approved by the Council of Ministers of the Republic of Belarus.

13. The Certificate of registration of the resident of the Park of High Technologies or the decision on refusal in registration of a legal person or an individual entrepreneur as the resident of the Park of High Technologies shall be handed over to the applicant by the Park Administration within 5 working days from the day when the Supervisory Council made a decision on registration (refusal in registration).

In the event the certificate of registration of the resident of the Park of High Technologies is damaged or lost, the Park Administration shall issue the duplicate of this certificate upon a written application of the resident of the Park of High Technologies within 5 working days from the day of application registration.

14. The decision about refusal in registration of a legal person or an individual entrepreneur as the resident of the Park of High Technologies shall contain reasons for the refusal and may be appealed in the court.

 

CHAPTER 4
CONSIDERATION OF BUSINESS PROJECTS OFFERED FOR IMPLEMENTATION IN THE PARK OF HIGH TECHNOLOGIES BY NATURAL PERSONS NOT REGISTERED AS INDIVIDUAL ENTREPRENEURS

 

15. A natural person not registered as individual entrepreneur is entitled to submit to the Park Administration a business project offered for implementation in the Park of High Technologies by this very person, in accordance with the directions of the activity of the Park. The business project shall be submitted in accordance with the form approved by the Council of Ministers of the Republic of Belarus.

16. The Park Administration considers the submitted business project and transfers it with the conclusion about expediency or inexpediency of its implementation in the Park of High Technologies to the Supervisory Council for consideration.

17. If the Supervisory Council recognizes the importance and significance of the submitted business project for the development of the sphere of new and high technologies and expediency of its implementation in the Park of High Technologies, then the natural person is entitled, at the discretion of this person:

to be registered as an individual entrepreneur and a resident of the Park of High Technologies;

to settle a labour contract with the resident of the Park of High Technologies, with the business project implementation made by the above-mentioned resident. In this instance, if a copyright object is created, personal non-property rights are reserved by the natural person.

18. The term of consideration of the business project, submitted by the natural person not registered as the individual entrepreneur by the Park Administration, and making a decision in relation to this business project by the Supervisory Council may not exceed one month from the date of submission of the business project by the natural person.

19. Prior to making the decision about the expediency of implementation of the business project presented by the natural person who has been not registered as the individual entrepreneur in the Park of High Technologies, the Supervisory Council may give an order to the Park Administrations to make the scientific and technical expert examination (examinations) of the business project, including with participation of experts (scientific and other organizations, scientists and specialists) . In this case the term of consideration of documents and decision-making is prolonged for the period of carrying out of expert examination (examinations), but not more than for 10 days.

 

CHAPTER 5
PRINCIPLES OF ACTIVITY OF THE RESIDENTS OF THE PARK OF HIGH TECHNOLOGIES

 

20. An agreement shall be concluded between the resident of the Park of High Technologies and the Park Administration, which establishes the rights and duties of the resident of the Park of High Technologies with regard to the requirements of Clause 21 of these Regulations and of the Park Administration, including the terms and conditions of allocation of buildings, constructions, premises and other property in the territory of the Park to the resident, the procedure of using of this property, other provisions as agreed between the parties.

The sample form of the agreement is to be approved by the Council of Ministers of the Republic of Belarus.

21. The resident of the Park of High Technologies is obliged to:

carry out the activity in accordance with the directions of activity of the Park of High Technologies;

make a deduction to the Park Administration in the amount of one percent from the proceeds obtained during the previous quarter from carrying out the activities specified in clause 3 of these Regulations;

at the request of the Park Administration, submit to the Administration  copies of statistical reports, tax declarations (calculations) on taxes and dues (duties) paid by the former;

place the monetary means received from realization of the goods (works, services, property rights) in the course of the activities specified in clause 3 of these Regulations, on the accounts in the banks established in the territory of the Republic of Belarus;

annually carry out mandatory audit of reliability of the annual accounting (financial) reports, and submit the auditor’s report concerning the result of auditing these reports to the Park Administration no later than on July, 1 of the year following the reporting year;

Annually, till February 1 of the year following the reporting year, submit to the Park Administration a report on activity carried out by the resident of the Park of High Technologies according to the form approved by the Park Administration;

within 10 working days from the day of reorganization or state registration of changes and/or additions introduced into the statute (constituent contract for a commercial organization which operates only on the basis of the constituent contract) of the legal person, changes introduced into the certificate of state registration of the individual entrepreneur, of the decision on liquidation (termination of activities), to notify the Park Administration thereabout with submission of confirming documents.

to carry out a separate accounting for the proceeds from realization of goods (works, services, property rights) when performing the kinds of activity listed in paragraphs 2, 10-17, clause 3 of these Regulations, and for the proceeds from carrying out the activity on giving for lease immovable property (a part thereof) in accordance with paragraph 2, part 3 of this clause.

The resident of the Park of High Technologies is not entitled to carry out kinds of activity not specified in clause 3 of these Regulations and to receive proceeds from realization of goods (operations, services, property rights) or from allocation of property and objects of the intellectual property in using, not related with carrying out the before-mentioned kinds of activity, with the exception of cases provided in part three of this clause.

The resident of the Park of High Technologies is entitled to:

carry out activity on giving for lease immovable property (a part thereof) belonging to it on the right of ownership, economic management or operative administration, located in the territory of the Park of High Technologies, provided that the total sum of rent (with account of the value added tax) for a calendar year does not make more than 10 percent of the proceeds obtained by the resident of the Park of High Technologies for the period from January 1 till December 31 of the year preceding the year in which such activity is carried out. For the purposes of this part the proceeds include the proceeds from realization of goods (works, services, property rights) recognized as such in accordance with the legislation on accounting and reporting (for the residents of the Park of High Technologies who are individual entrepreneurs – the proceeds recognized as such in accordance with tax legislation) and does not include the rent;

Give loans for construction (reconstruction) or purchase of dwelling premises to the persons being in labour relationships with this resident, irrespective of their needs in improving living conditions, unless otherwise established by the legislative acts, at the expense of profit remaining at the disposal of the resident of the Park of High Technologies after payment of taxes, dues (duties) and other mandatory payments to the republican and local budgets, including special-purpose state budget funds, as well as non-budgetary state funds, remittance of a part of the profit in accordance with the legislation. Decisions on the amount of loans, determining the interest for loans, method of security of the fulfillment of the obligations on repayment of loans are taken by the resident of the Park of High Technologies independently, unless otherwise established by the legislative acts.

to carry out the activities listed in paragraphs 10-17, clause 3 of these Regulations provided that total proceeds from realization of goods (works, services, property rights) for a calendar year obtained while carrying out these kinds of activities, is no more than 50 percent of the proceeds from realization of goods (works, services, property rights) obtained while making analysis, design and software for information systems during the period from January 1 to December 31 of the year preceding the year in which the activities listed in paragraphs 10-17, clause 3 of these Regulations, have been carried out.

to carry out the activities listed in paragraphs 2-9, clause 3 of these Regulations not declared at the time of registration as a resident of the Park of High Technologies, after the Supervisory Council approves of a new (supplementary) business project in the order established by these Regulations for making a decision about registration (or refusal in registration) of a legal person or an individual entrepreneur as a resident of the Park of High Technologies. There is no need to present documents required by paragraph 2, clause 4 of these Regulations. New (supplementary) business project shall contain clearly specified actions on implementation and development of one or several kinds of activities specified in clause 3 of these Regulations, kinds and volumes of the goods (works, services, property rights) to be realized; a substantiation of necessity for their realization; estimated revenues from this realization. New (supplementary) business project shall be completed in accordance with the form approved by the Council of Ministers of the Republic of Belarus for business projects presented for registration as a resident of the Park of High Technologies;

211. Retention or transfer of the status of the resident of the Park of High Technologies upon reorganization of a legal person registered as the resident of the Park of High Technologies is allowed when is has been reorganized only in the form of affiliation of another legal person or splitting off one or several legal persons from it, or its transformation.

When a legal person registered as the resident of the Park of High Technologies has been reorganized in the form of affiliation of another legal person or splitting off one or several legal persons from it, the status of resident of the Park of High Technologies is retained by the reorganized legal person.

When a legal person registered as the resident of the Park of High Technologies has been reorganized in the form of transformation, the status of resident of the Park of High Technologies is transferred to the newly created legal person from the date of its state registration.

212. The change of the owner of property or change of founders (participants) of the legal person registered as the resident of the Park of High Technologies, not related to its reorganization, does not entail the change of the legal status of the legal person as the resident of the Park of High Technologies.

213. When the name of the legal person (name, first name, patronymic of the individual entrepreneur) registered as the resident of the Park of High Technologies has been changed or it has been reorganized in the form of transformation, such legal person (individual entrepreneur) is obliged, within 10 working days from the date of state registration of respective changes in the statute ((constituent contract for a commercial organization which operates only on the basis of the constituent contract), changes introduced into the certificate of state registration of the individual entrepreneur or the date of state registration of the newly created legal person, to return the certificate of registration of the resident of this Park (its duplicate) to the Park Administration. The Park Administration shall enter respective data into the Register of residents of the Park and business projects and, within 5 working days after the return of certificate to registration of the resident of the Park of High Technologies (its duplicate) issued earlier, shall issue a new certificate.

214. When the status of the resident of the Park of High Technologies has been retained (transferred), and also when the name of the legal person (name, first name, patronymic of the individual entrepreneur) has been changed, such legal person (individual entrepreneur) retain the former registration number in the Register of Residents of the Park and Business Projects.

 

CHAPTER 6
STATE SUPPORT OF RESIDENTS OF THE PARK OF HIGH TECHNOLOGIES

 

22. The residents of the Park of High Technologies are exempted from:

tax on profit (with the exception of the tax on profit to be calculated, deducted and remitted while fulfilling the duties of the tax agent);

value-added tax for turnover related to realization of goods (works, services, property rights on objects of intellectual property) in the territory of the Republic of Belarus.

23. The tax benefit provided in paragraph 3 of clause 22 of these Regulations does not cover turnovers on realization of goods placed under the customs procedure of export, as well as exported (without the commitment to return importation in the territory of the Republic of Belarus) to the states – members of the Customs Union. In the event of failure to confirm the fact of exportation of such goods outside the Republic of Belarus in accordance with the tax legislation and international treaties of the Republic of Belarus, the residents of the Park of High Technologies shall calculate and pay the value added tax under the procedure established by the tax legislation and international treaties of the Republic of Belarus.

The tax benefit provided in paragraph 3 of clause 22 of these Regulations is not granted to the residents of the Park of High Technologies in relation to the rent from the lease of immovable property (a part thereof) belonging to them on the right of ownership, economic management or operative administration.

The residents of the Park of High Technologies are entitled to refuse to use the tax benefit provided in paragraph 3 of clause 22 of these Regulations for the term of not less than one calendar year under submitting an application in this respect to a tax agency;

24. The land plots within the boundaries of the Park of High Technologies are exempt from the land tax for the period of construction, on these plots by the residents of the Park, of buildings and other premises intended for realization of their activities, but at most for three years.

25. Objects subject to tax on immovable property situated in the territory of the Park of High Technologies and having residents of the Park of High Technologies as their taxpayers, are exempted from this tax, with the exception of such objects given by the residents in lease.

26. Incomes of natural persons (except for the workers who are carrying out maintenance and guarding of buildings, premises, land plots), received within a calendar year from the residents of the Park of High Technologies under the labour contracts, and incomes of residents of the Park - individual entrepreneurs, are subject to the income tax for natural persons at the rate of 9 percent.

27. Workers of the residents of the Park of High Technologies and residents of the Park - individual entrepreneurs  are subject to compulsory state social insurance in accordance with existing procedure.

In this instance, compulsory insurance payments are not levied on a part of the income (outpayments) of the worker of the resident of the Park of High Technologies (except for the workers who are carrying out maintenance and guarding of buildings, premises, land plots), which is the object for levying of such payments, exceeding the average wages of the employees in the Republic of Belarus for the month prior to the month for which the above-mentioned compulsory insurance payments shall be paid.

When applying the benefit provided by part 2 of this Clause, pensions for the employees of the residents of the Park of High Technologies and for the residents of the Park - individual entrepreneurs are calculated for the appropriate period in accordance to actually paid sums of compulsory insurance payments.

Workers of the residents of the Park of High Technologies and the residents of the Park - individual entrepreneurs are entitled not to apply the benefit provided in part 2 of this clause.

28. The residents of the Park of High Technologies are exempted from the import customs duties (with regard to international commitments of the Republic of Belarus) and the value added tax levied by customs bodies at the importation of the goods into the territory of the Republic of Belarus of technological equipment, components and/or spare parts thereto, intended for use exclusively in the territory of the Republic of Belarus for implementation of investment projects within the framework of carrying out of activities specified in clause 3 of these Regulations.

Grounds for exemption from the import customs duties and the value added tax, indicated in part one of this clause, are:

opinion of the Administration of the Park of High Technologies about the intended use of technological equipment, components and/or spare parts thereto, being imported by a resident of the Park of High Technologies to the territory of the Republic of Belarus, for the purposes of exemption from the import customs duties;

opinion of the Administration of the Park of High Technologies about the intended use of technological equipment, components and/or spare parts thereto, being imported by a resident of the Park of High Technologies to the territory of the Republic of Belarus, for the purposes of exemption from the value added tax levied by customs bodies.

The list of technological equipment, components and/or spare parts thereto, indicated in part one of this clause, and also the procedure for issue of opinions being the ground for exemption from import customs duties and value added tax, indicated in part two of this clause is approved by the President of the Republic of Belarus, unless otherwise determined by international commitments of the Republic of Belarus.

Usage within two years from the release of technological equipment, components and/or spare parts thereto, in relation to which benefits on payment of import customs duties and value-added tax have been granted, by the residents of the Park of High Technologies for other purposes than those determined in part one of this clause and also transfer of these goods into the ownership or into possession, enjoyment and/or disposal to legal or natural persons on the basis of civil-law transactions within two years from their release are permitted only subject to payment of the mentioned customs payments and fulfilling of other requirements provided by the legislation.

29. The tax rate for incomes, received by foreign organizations not carrying out activity in the territory of the Republic of Belarus through permanent representation, for dividends, interest (coupon) bond profit or royalty, if the source of payment of such income is the resident of the Park of High Technologies, shall be equal to 5 percent, unless there is a more favourable regime stipulated by treaties of the Republic of Belarus.

30. The off-shore fee is not levied from the residents of the Park of High Technologies when dividends are paid (transferred) to their founders (participants), as well as for part of proceeds transferred to the owner of their property.

31. When calculating the rate of the rent concerning the capital constructions (buildings, structures), isolated premises, parts thereof, being in the state ownership and also in the ownership of economic companies in statutory funds of which more than 50 percent of shares (stakes ) are in the ownership of the Republic of Belarus and/or its administrative and territorial units, located in the territory of the Park of High Technologies and leased by the residents of the Park of High Technologies, the reducing coefficient equal to 0.5 shall be applied to the base rate.

32. The foreign currency received by residents of the Park of High Technologies from realization of goods (works, services, property rights) in the course of carrying out of activities specified in clause 3 of these Regulations, is not subject to the compulsory sale.

321. In the event of retention or transfer of the status of the resident of the Park of High Technologies in accordance with clause 211 of these Regulations, the measures of state support provided in clauses 22 – 32 of these Regulations and also other benefits established in accordance with sub-clause 9.1 of clause 9 of the Decree approving these Regulations are effective in relation to:

a legal person newly created as a result of transformation of the legal person registered as the resident of the Park of High Technologies into a legal person of another kind (change of its organizational and legal form);

a legal person registered as the resident of the Park of High Technologies reorganized in the form of affiliation of another legal person or splitting off one or several legal person from it.

 

CHAPTER 7
CANCELLATION OF THE STATUS OF THE RESIDENT OF THE PARK OF HIGH TECHNOLOGIES

 

33. Cancellation of the status of the resident of the Park of High Technologies is performed:

on the basis of the application of the resident of the Park of High Technologies;

in the case of refusal of the resident of the Park of High Technologies to conclude the agreement with the Park Administration;

in the case of non-fulfilment of obligations of the resident of the Park of High Technologies stipulated by the contract on conditions of activity of the resident and by these Regulations;

when the resident of the Park of High Technologies has violated the prohibition established in part 2 of clause 21 of these Regulation and/or non-observance of one or several conditions contained in part 3 of clause 21 of these Regulations.

331. In the event of reorganization of a legal person registered as the resident of the Park of High Technologies in the form of merging, affiliation, splitting-up, accession to another legal person, liquidation of the legal person (termination of activities of the individual entrepreneur), such legal person (individual entrepreneur) loses the status of the resident of the Park of High Technologies.

34. In case of cancellation of the status of the resident of the Park of High Technologies in result of violation of the prohibition established in part 2 of clause 21 of these Regulation and/or non-observance of one or several conditions contained in part 3 of clause 21 of these Regulations, the legal person (individual entrepreneur) loses the right to privileges provided in clauses 22, 24, 25 and 30 of these Regulations and also privileges established in accordance with sub-clause 9.1 of clause 9 of the Decree approving these Regulations from January 1 of the year in which the prohibition has been violated and/or a condition has not been observed and, till the adoption of the decision on depriving it of the status of the resident of the Park of High Technologies, and must pay in full for this period the taxes, dues (duties) and other compulsory payments in the budget, for which the resident is the payer, without using benefits as the right for them is deprived according to this clause, with application of the sanctions for non-payment or incomplete payment of taxes and dues (duties), untimely submission of the tax declaration (calculation) to the tax body and with imposing a penalty interest according to the tax legislation.

35. The decision on cancellation of the status of the resident of the Park of High Technologies is made by the Supervisory Council and may be appealed in the court.

36. The Park Administration, within three days since the day of the decision by the Supervisory Council on cancellation of the status of the resident of the Park of High Technologies, shall notify , in writing,  the legal person or individual entrepreneur about this decision and respective bodies of state statistics, of the Fund of Social Protection of Population of the Ministry of Labour and Social Protection, the inspectorate of the Ministry on Taxes and Dues at the place of putting on record of the resident of the said Park with indication of grounds for the decision taken (and in the case of taking decision in relation to  violation of the prohibition established in part 2 of clause 21 of these Regulation and/or non-observance of one or several conditions contained in part 3 of clause 21 of these Regulations – with indication of the year in which the prohibition has been violated and/or a condition has not been observed) and enter an appropriate record in the Register of Residents of the Park and Business Projects.

Upon cancellation of the status of the resident of the Park of High Technologies, the Park Administration shall enter the record about cancellation of the status of the resident of the Park of High Technologiesin the Register of Residents of the Park and Business Projects and, within three-day period inform in writing and respective bodies of state statistics, of the Fund of Social Protection of Population of the Ministry of Labour and Social Protection, the inspectorate of the Ministry on Taxes and Dues at the place of putting on record of the legal person (individual entrepreneur) registered earlier as the resident of the Park of High Technologies.

The cancellation of the status of the resident of the Park of High Technologies is a ground for termination of the contract on conditions of activity of the resident of the Park of High Technologies.

37. In case of cancellation (loss) of the status of the resident of the Park of High Technologies, the legal person or the individual entrepreneur is obliged to return to the Park Administration, within five days, the certificate of the resident of the Park (its duplicate).

 

CHAPTER 8
SPECIFIC FEATURES OF ACTIVITY OF LEGAL PERSONS NOT BEING RESIDENTS OF THE PARK OF HIGH IN THE SPHERE OF NEW AND HIGH TECHNOLOGIES

38. The legal persons which are not the residents of the Park of High Technologies and which realize (plan to realize) the business projects in the sphere of new and high technologies according to the directions of activities of this Park, including the projects not related to the kinds of activity specified in clause 3 of these Regulations (hereinafter referred to as non-residents of the Park of High Technologies) and have registered such projects are entitled to make use of the benefits provided in Clauses 48-52 of these Regulations.

39. For registration of business projects in the sphere of new and high technologies, the non-resident of the Park of High Technologies shall submit to the Park Administration the application completed in accordance with the form approved by the Council of Ministers of the Republic of Belarus, with the following documents enclosed:

copies of the statute (constituent contract – for a commercial organization which operates only on the basis of the constituent contract) and the certificate of the state registration of the legal person certified by its head, alongside with presentation of originals of the mentioned documents;

business project which is proposed for implementation (is implemented) in the sphere of new and high technologies.  This business project should provide clearly specified actions on implementation and development of kinds of activities specified in the sphere of new and high technologies, kinds and volumes of the goods (works, services, property rights) to be realized; a substantiation of necessity of their realization; estimated revenues from this realization. The business project shall be submitted in accordance with the form approved by the Council of Ministers of the Republic of Belarus;

Calculation of the number of workers directly involved in the implementation (necessary for implementation) of the business project in the sphere of new and high technologies.

40. The Park Administration shall consider the submitted documents and submit them together with the conclusion about the expediency or inexpediency of registration of the business project in the sphere of new and high technologies to the Supervisory Council for consideration.

The documents unduly drawn up are returned to the non-residents of the Park of High technologies for correction with indication of grounds for their return.

41. The decision on registration of the business project in the sphere of new and high technologies is made by the Supervisory Council.

42. The term of consideration of submitted documents by the Park Administration and making the decision by the Supervisory Council may not exceed one month since the date of submission of such documents by a non-resident of the Park of High Technologies.

43. Prior to making the decision on registration of the business project in the sphere of new and high technologies, the Supervisory Council may give an order to the Park Administration to hold a scientific and technical expert examination (examinations) of the submitted documents, including with participation of experts (scientific and other organizations, scientists and specialists).  In this case the term of consideration of documents and decision-making is prolonged for the period of carrying out of expert examination (examinations), but not more than for 10 days.

44. Within five working days since the date of making the decision by the Supervisory Council, the Park Administration shall:

in the case of the decision about registration of the business project in the sphere of new and high technologies, enter the appropriate data in the Register of Residents of the Park and Business Projects, send written notifications to the non-resident of the Park of High Technologies and to the local Inspectorate of the Ministry on Taxes and Dues at the place of its putting on record about the registration of such business project;

in the case of the refusal in registration of the business project in the sphere of new and high technologies, send notification to the non-resident of the Park of High Technologies with indication of grounds for refusal.

45. The monetary means received by non-residents of the Park of High Technologies from realization of registered business project in the sphere of new and high technologies are to be remitted to the accounts in the banks established in the territory of the Republic of Belarus;

46. Upon termination of realization of a registered business project in the sphere of new and high technologies, the non-resident of the Park of High Technologies shall, within 30-day period, submit the report to the Park Administration, according to the form approved by the Council of Ministers of the Republic of Belarus, and within the same period make deductions to the Park Administration in the amount of one percent of the proceeds received from the realization of the registered business project in the sphere of new and high technologies.

The Park Administration shall exclude the business project from the Register of Residents of the Park and Business Projects, and, within three days, inform in writing the inspectorate of the Ministry on Taxes and Dues at the place of putting on record of the non-resident of the Park of High Technologies.

47. When the business project was not executed, the non-resident of the Park of High Technologies is obliged to notify the Park Administration in writing within ten-day term. In this case the registration of the business project shall be annulled; the Park Administration shall enter a respective record into the Register of Residents of the Park and Business Projects, and the non-resident of the Park of High Technologies loses the right to privileges established in clause 48 of these Regulations and is obliged to pay in full taxes, dues (duties) and other compulsory payments in the budget, the state special-purpose budgetary and also state non-budgetary funds, for which the resident is the payer, with application of the sanctions for non-payment or incomplete payment of taxes and dues (duties), untimely submission of the tax declaration (calculation) to the tax body and with imposing a penalty interest according to the tax legislation for all period of using privileges.

The Park Administration shall, within three days since cancellation of the registration of the business project, notify the inspectorate of the Ministry on Taxes and Dues at the place of putting on record of the non-resident of the Park of High Technologies.

 

CHAPTER 9
STATE SUPPORT OF NON-RESIDENTS OF THE PARK OF HIGH TECHNOLOGIES REALIZING BUSINESS PROJECTS IN THE SPHERE OF NEW AND HIGH TECHNOLOGIES

48. Non-residents of the Park of High Technologies, realizing the registered business projects in the sphere of new and high technologies, are exempted from:

the tax on profit obtained as a result of performing the works (services) within the frameworks of the registered business project;

the value-added tax for turnovers related to realization of works (services) in the territory of the Republic of Belarus within the frameworks of the registered business project.

Non-residents of the Park of High Technologies are entitled to refuse to use the tax benefit provided in paragraph 3 of part one of this clause for the term of not less than one calendar year under submitting an application in this respect in a tax agency;

49. Incomes of natural persons (within the number the calculation of which is submitted in accordance with indent 4 of clause 39 of these Regulations, directly participating in the realization of the registered business project in the sphere of new and high technologies) received from the non-residents of the Park of High Technologies under the labour contracts, are subject to the income tax for natural persons at the rate of 9 percent.

50. Workers of non-residents of the Park of High Technologies persons, within the number the calculation of which is submitted in accordance with indent 4 of clause 39 of these Regulations, directly participating in the realization of the registered business project in the sphere of new and high technologies, are subject to compulsory state social insurance in accordance with the procedure provided by the legislation.

In this instance compulsory insurance payments are not calculated on a part of the income (payments) of the worker, which is the object for calculating of such payments, exceeding the value of average wages of the employees in the Republic of Belarus for the month preceding the month for which the compulsory insurance payments must be paid.

When applying the benefit determined in part 2 of this Clause, pensions for the employees of non-residents of the Park of High Technologies are calculated for the appropriate period in accordance to actually paid sums of compulsory insurance payments.

The workers of non-residents of the Park of High Technologies are entitled to refuse using of the benefit provided by part 2 of this clause.

51. Upon the decision of the President of the Republic of Belarus, non-residents of the Park of High Technologies are individually exempted from the customs duties (with regard to international commitments of the Republic of Belarus) and the value added tax, levied by customs bodies at the importation of the goods to the customs territory of the Republic of Belarus, intended for performing of works (services) within the framework of the registered business project.

A respective application shall be submitted by the non-resident of the Park of High Technologies to the Park Administration, with enclosure of the list of goods being imported by this non-resident to the customs territory of the Republic of Belarus.

The Park Administration shall consider the submitted documents and direct them to the Supervisory Council for the conclusion.  In the case of a positive conclusion, the documents are submitted by the Park Administration to the Council of Ministers of the Republic of Belarus for preparation of the appropriate draft of legal act and submission to the President of the Republic of Belarus in accordance with existing procedure.

52. The foreign currency received by the -residents of the Park of High Technologies as a result of performing the works (services) within the frameworks of the registered business project is not subject to the compulsory sale.

 

CHAPTER 10
SUPERVISORY COUNCIL. 
 ITS TASKS AND FUNCTIONS

53. The Supervisory Council is established for implementation of general coordination of functioning of the Park of High Technologies, management and control over the activity of the Park.

54. The personal composition of the Supervisory Council is approved by the President of the Republic of Belarus.

55. The primary tasks of the Supervisory Council are:

assistance in establishing and development of productions based on new and high technologies;

ensuring of interaction of the republic bodies of state administration, local executive and administrative bodies according to directions of the activity of the Park of High Technologies;

coordination of activities of the residents of the Park of High Technologies;

protection of the rights and legitimate interests of the residents of the Park of High Technologies;

assistance in creation in the Republic of Belarus of favorable conditions for attraction of domestic and foreign investments, and to the attraction of highly-qualified specialists in the sphere of new and high technologies according to the directions of activity of the Park of High Technologies;

assistance in increasing of export of goods (works, services), property rights by the residents of the Park of High Technologies.

56. For the purposes of implementation of its primary tasks, the Supervisory Council shall:

coordinate the proposals of the Park Administration concerning the extension of directions of activity of the Park of High Technologies;

upon representation of the Park Administration, take decisions about registration (or about refusal in registration) of legal persons and individual entrepreneurs as residents of the Park, about cancellation of the status of the resident of the Park of High Technologies, about registration of the business projects in the sphere of new and high technologies;

take decisions on the matters of realization of the business projects submitted by natural persons not registered as individual entrepreneurs in the Park of High Technologies;

take decisions on carrying out by the Park Administration, in accordance with these Regulations,  of the scientific and technical expert examination (examinations) of the documents and business projects submitted by the legal and natural persons, including expert examinations with participation of experts (scientific and other organizations, scientists and specialists);

consider proposals of residents of the Park of High Technologies concerning their activity, and the information submitted by the supervising bodies and by the Park Administration;

invite officials of the state bodies, managers, representatives of other organizations, including representatives of the Park Administration, residents of the Park of High Technologies, other natural persons;

request and receive documents and information, necessary for its functioning, from the state bodies (officials), other organization, including residents of the Park of High Technologies;

participate in drafting of programs of development of and support to the Park of High Technologies;

carry out other functions related to the development of the Park of High Technologies.

CHAPTER 11
ORGANIZATION OF FUNCTIONING OF THE SUPERVISORY COUNCIL

57. The direction of activity of the Supervisory Council is carried out by the Chairman of the Supervisory Council (in absence of the Chairman – by his deputy).

The Chairman and the Vice-chairman of the Supervisory Council are nominated by the President of the Republic of Belarus.

58. The Chairman of the Supervisory Council shall:

represent the Supervisory Council in its relations with state bodies, other organizations and natural persons;

approve the plans of functioning of the Supervisory Council;

convoke emergency meetings of the Supervisory Council, affirm the agenda of such meetings;

bear personal responsibility for implementation of functions of the Supervisory Council;

carry out other tasks and functions in accordance with decisions of the Supervisory Council made within the limits of competence of this council.

59. The Supervisory Council takes decisions on the matters within its competence, at the meetings which are held as required, but at least once a month.

An emergency meeting of the Supervisory Council can be convoked on the initiative of the Chairman of the Supervisory Council, other members of the Council, and also on the proposal of the President of the Republic of Belarus and the Park Administration.

60. A meeting of the Supervisory Council is considered competent if at least two thirds of members of the Supervisory Council are present.

61. A meeting of the Supervisory Council is presided by the Chairman of the Supervisory Council (in absence of the Chairman – by his deputy).

62. Decisions of the Supervisory Council are taken by a simple majority of voices from the number members of the Council present at the meeting.  In the case of equal number of voices, the voice of the Chairman (in absence of the Chairman – of his deputy) is considered as decisive.

Decisions of the Supervisory Council are formalized in a protocol which is signed by the Chairman of the Supervisory Council (in absence of the Chairman – by his deputy) and are obligatory for fulfilment by the residents of the Park of High Technologies and the Park Administration.

63. Organizational and technical, informational and procedural support of functioning of the Supervisory Council is carried out by the Park Administration.

 

CHAPTER 12
PARK ADMINISTRATION

64. Direct management of activity of the Park of High Technologies is carried out by the Park Administration.

65. The Park Administration acts in accordance with these Regulations and other legislation on the basis of the Statute approved by the President of the Republic of Belarus.

66. The Park Administration is headed by the Director to be appointed to and released from the office by the President of the Republic of Belarus.

Powers of the Director are determined by the Statute of the Park Administration.

The director bears personal responsibility for implementation of functions of the Park Administration and shall annually submit to the President of the Republic of Belarus the report on activity of the Park of High Technologies.

67. The Park Administration, in accordance with these Regulations and its Statute, shall:

submit proposals to the Council of Ministers of the Republic of Belarus related to perfection of activity of the Park of High Technologies, including for their submission to the President of the Republic of Belarus in accordance with existing procedure;

submits to the Supervisory Council materials necessary for making the decisions about registration of legal persons and individual entrepreneurs as the residents of the Park of High Technologies, about cancellation of their status of the resident, about registration of the business projects in the sphere of new and high technologies, implementation of the business projects submitted by natural persons not registered as the individual entrepreneurs;

on the basis of decisions of the Supervisory Council about registration of the residents of the Park of High Technologies, registration of the business projects in the sphere of new and high technologies, enter appropriate data in the Register of Residents of the Park and Business Projects;

keep the Register of Residents of the Park and Business Projects;

issue certificates for the legal persons and individual entrepreneurs about their registration as the residents of the Park of High Technologies;

in accordance with the orders of the Supervisory Council, carry out the scientific and technical expert examination (examinations) of the documents and business projects, including expert examinations with participation of experts (scientific and other organizations, scientists and specialists), submitted by the legal and natural persons in accordance with these Regulations, and also perform analysis of the activity carried out by the residents of the Park of High Technologies for their compliance with the activities specified in clause 3 of these Regulations;

provide buildings, constructions, premises and other property in the territory of the Park of High Technologies in lease for the residents of the Park and other organizations supporting their activity, carry out the control over the intended use of the mentioned property;

provide covering the activity of the Park of High Technologies and its residents in mass media;

prepare and publish information materials within the limits of its competence;

perform other functions determined by its Statue, these Regulations and other legislation.

68. The Park Administration is entitled to obtain the information and documents necessary for implementation of functions assigned to it from the state bodies, other organizations and officials.

69. Financing of activity of the Park Administration shall be carried out from the following sources:

quarterly deductions made by the residents of the Park of High Technologies at the rate of one percent of the proceeds obtained in the previous quarter as a result of realization of activities specified in clause 3 of these Regulations;

deductions made by the non-residents of the Park of High Technologies at the rate of one percent from the proceeds obtained as a result of implementation of registered business projects in the sphere of new and high technologies;

other incomes and proceeds not prohibited by the legislation.

The rights and privileges provided by clauses 22 – 25 of these Regulations are applied to the activity of the Park Administration.

70. Means of the Park Administration shall be used for the purposes defined in its Statute and these Regulations.

71. The Park Administration shall, annually in the first quarter of the calendar year, submit the report on its activity for the last calendar year to the Supervisory Council.

 

* unofficial translation *