/ / Legal News
16.11.2015

President approved additional conditions facilitating investments in Belarus

The Decree of the President of the Republic of Belarus of 12 November 2015 No. 8 approved a new wording of the Decree of the President of the Republic of Belarus of 6 August 2015 No. 10 “On creation additional conditions for investment activity in the Republic of Belarus”.

Amendments provide in particular that investment contracts shall be concluded only in relation to priority sectors of the economy as determined by the Government of the Republic of Belarus. Also the order of allocation of land plots for implementation of investment projects has been modified. A number of new preferences for investors concerning the implementation of investment projects have been approved according to the amendments.

The Decree was officially published in Russian on the National Legal Internet Portal of the Republic of Belarus on 14 November 2015 and its main provisions enter into force in six months after its official publication.