The residence permit in the Republic of Belarus is a document for identifying a foreign citizen and stateless person in the Republic of Belarus.
Almost any part of Belarus’ territory is a successfully operating preferential investment regime providing investors with tax, customs incentives and other benefits to build a prosperous business. The goals and dimensions of these regimes are diversified: from the promotion of high-tech and export-oriented productions to regional development.
You can get a residence permit if you invest at least €150 thousand in the objects of investment activity of Belarus. In order to carry out the investment activities in the Republic of Belarus, you can sign an investment contract in compliance with Ordinance No 10 of the President of Belarus of 6 August 2009 “On Creating Additional Conditions for Investment Activities in the Republic of Belarus”.
Why invest in Belarus
Belarus is a good choice for your investment while it offers:
Strategically advantageous location.
Placing business in the territory of Belarus enables companies to efficiently serve the most high-capacity and quick-growing target markets: EU countries (500 million consumers), Russia, Ukraine, Kazakhstan, and other CIS countries (280 million consumers).
The advantageous economic and geographical location of Belarus developed transportation and logistics, and manufacturing system of the country is accompanied by its membership in a number of integration associations. In the first place, the Customs Union and Common Economic Space of Belarus, Russia, and Kazakhstan (CES).
All of these factors provide unique opportunities for companies interested in establishing and dynamically developing business in the Eurasian region.
Competitive investment and taxation conditions
In Belarus, there are a number of preferential regimes that could be of use for foreign companies, including from the point of view of their taxation planning and optimisation. They include special beneficial business conditions in the case of organising business within six free economic areas (0% profit tax for 5 years; 10% VAT), High-Tech Park (0% profit tax for 15 years; 0% VAT), and the Belarusian-Chinese Industrial Park (0% profit tax for 10 years).
Foreign companies can also derive additional profit by the maximum decrease of investment expenses and taxation burden while placing their businesses in the territory of small and medium towns of Belarus (0% profit tax for 7 years, 0% VAT for 5 years).
Belarus strives to create open and favourable conditions for business in its territory. Today the country is the leader in legislation improvement which is confirmed by the World Bank’s Doing Business 2013 research. In comparison to 2012, Belarus improved its DB rating by 11 positions. As a result, in the conditions for business, Belarus occupied 58th place out of 185 countries, having significantly overcome Russia and Ukraine.
Concerning such indices as “property registration” (3rd place) and “starting a business” (9th place), Belarus is one of the most attractive countries not only of the region but also of the world in general
Developed transportation and logistics infrastructure.
Due to its geo-economic location, Belarus is a transportation and logistics hub of Eurasia. The transportation infrastructure of Belarus is represented by a broad network of motorways, railways, airlines. The thoroughfares crossing the country are the most important component of the European transportation system. Thus, Belarus is crossed by 2 cross-European transportation corridors, according to the international classification No. II (West-East – Berlin-Warsaw-Minsk-Moscow) and No. IX (North-South – Russian-Finnish border-Vyborg-St. Petersburg-Vitebsk-Gomel-Ukraine-Moldova-Bulgaria-Greece) with branch IXB – Gomel-Minsk-Vilnius-Klaipeda-Kaliningrad. Annually over 100 million tons of European cargo cross Belarus’s territory, 90% of which cargo is between Russia and the EU. At the same time, the transit potential of Belarus has not been exhausted – the Belarusian transportation corridors are used for 25-40% maximum of their real traffic capacity. Thus, Belarus is the optimal link between the CIS countries (Russia in the first place) and the EU countries, which could be advantageously used by foreign countries by locating their manufacturing, logistics, and sale units in the country’s territory.
Unique privatization opportunities.
Belarus provides foreign companies with unique opportunities for speedy development of their business-related to stepping up the privatization process in the country. Today around 70% of industrial production falls within the governmental sector in the country. Unlike Russia, other CIS, and Eastern European countries, Belarus has preserved the largest national companies in state ownership, which has enabled to ensure their full-scale support and, as a result, to increase their manufacturing potential and international competitiveness significantly.
At present, to further increase the efficiency of the national economy, Belarus is interested in developing mutually beneficial co-operation with big strategic investors, having selected the tactics of step-by-step privatization. The examples of successful privatization deals of recent years (sale of governmental shares in Beltransgaz OJSC, Mobile Digital Network JV, etc.) have entered the list of the largest M&A deals in Europe.
Today the National Agency of Investment and Privatization, jointly with the World Bank, introduces modern approaches and instruments corresponding to the advanced international practice. They are aimed at establishing more open privatization conditions understandable to foreign countries in Belarus
Highly qualified workforce
Belarus is the country of one of the most educated, highly qualified, and industrious peoples. Over 90% of the population has higher, secondary, or basic education. A well-developed system of professional training, as well as a high level of the industry and services development, enables the Belarusian workforce to work successfully in companies of any industries, be it sewing, agriculture, biotechnological, or software development.
Decent living standards
In the rating of countries by living standards published in the UN Human Development Report 2012, Belarus occupied the well-deserved 50th place (among 187) and became the renowned leader among all the CIS countries. The living, dwelling costs, the costs of education, and various cultural events are lower than in the majority of Western and Eastern European countries. Besides a developed social infrastructure, Belarus has preserved a unique eco-environment suitable for the full and diverse life of people. In 2012 the researchers of Yale and Columbia Universities awarded Belarus with the best environment rating among all the CIS countries.