Expansion of assets and investment activities is an opportunity for the company to successfully exist in the modern market. To ensure a favorable, economically profitable and safe entry to the Belarusian market, it is necessary to take into account a number of important factors. If you are on the verge of starting a business in Belarus, right now you need to ask yourself some questions. Let’s look at some of them today.
What should an investor pay attention to?
- In Belarus, as in any other country, it is necessary to take into account the specifics of the legislation.
- It is important to work with local lawyers, since they live in this country and know the specifics of legislation, mentality, peculiarities of interaction with government agencies, etc.
- Verification of a business partner deserves special attention.The specialists of the Stepanovsky, Papakul and PartnersAttorneys at Law provide primary information within the framework of the legislation with comments so that you can decide whether to work with this partner.
- It is necessary to decide on the legal status, to select a convenient form of a legal entity, based on the tasks of the investor.
- It is important to put all documents in order, prepare constituent documents, partnership agreements, taking into account the understanding of the Belarusian legislation.
- Taxes and their features for investors.Based on the activities of the investor and the existing tasks, it is necessary to work out a taxation scheme.
- In the Republic of Belarus, there are various options for benefits and preferences, with which our specialists will help you figure it out.
- It is also important to understand labor issues, since there are various options for forms of remuneration, hiring employees, etc.taking into account a foreign or Belarusian citizen.
- It is necessary to organize the internal work of the company, a legal mechanism must be created by which the company will live, including the entire document flow: all internal documents, forms of contracts, and more.
Special economic zones of the Republic of Belarus
Belarus Hi Tech Park (HTP)
The HTP provides tax benefits and benefits in the field of foreign economic activity for IT and related industries.
Chinese-Belarusian Industrial Park “Great Stone“
A territory with a preferential legal regime for high-tech and innovative industries with export potential.
Entrepreneurial activity in the territory of small, medium-sized urban settlements and villages
In these territories, commercial organizations carrying out entrepreneurial activities are exempt from paying a number of taxes.
Free economic zones
There are six free economic zones in Belarus, which provide a preferential tax regime:
- FEZ “Brest”
- FEZ “Minsk”
- FEZ “Gomel-Raton”
- FEZ “Vitebsk”
- FEZ “Mogilev”
- FEZ “Grodnoinvest”
