Guide to investment

(if the planned investment project affects a certain area of the economy-the Republican agency of state administration, other state organization subordinate to the Government, Department of Presidential Affairs;

if the planned investment project will be implemented at the local level in the territory of the ATA – Executive Committee)

• Application form;

• the draft investment agreement;

• a copy of the certificate of state registration of the investor (for residents of the Republic of Belarus), or an extract from the commercial register of the country of location of the investor (investors) (for non-residents of the Republic of Belarus);

• a copy of the investor's identity document;

• a copy of documents confirming the investor's intention to conclude an investment agreement, as well as documents confirming the authority of the person to sign it;

• copies of the audit report or the report compiled according to the results of financial Due Diligence, or the audit report of the international standard ISA 700 with translation into the Belarusian or the Russian languages;

• financial and economic justification of the investment project.

To conclude an investment agreement on the basis of a decision of the Council of Ministers of the Republic of Belarus in coordination with the President of the Republic of Belarus (that is, with the provision of additional benefits), the application form for the conclusion of an investment agreement shall also be attached with:

• business plan of the investment project developed in accordance with the legislation;

• other documents required for the state comprehensive examination of the investment project.

(60-day period)

Prior to the tender, the tender Commission, based on the submitted documents, verifies the investor's compliance with the requirements imposed on the participants of the tender, and makes a decision.

If the investor is allowed to participate in the tender, the Executive Committee shall hold the tender not earlier than 30 and not later than 60 business days from the date of registration of the first investor’s application form in the state authority or in the Executive Committee.

The tender itself includes: the Announcement of the tender, the direction of the tender proposal by the applicant, the decision of the appropriate authority. The decision may be as follows: to declare the winner of the tender, to recognize the tender as ineffective, to recognize the tender as invalid.

If there is a winner of the competition:

(for concluding an investment agreement on the basis of a decision of the Council of Ministers of the Republic of Belarus in coordination with the President of the Republic of Belarus).

You can register a legal entity by personal appeal to the registration authority or with the help of the web portal http://egr.gov.by

Hereinafter is the algorithm of registration of a legal entity or SP with the help of the web portal

FEZ resident can be an already established and passed through the state registration legal entity (SP).

State registration of organizations located on the territory of the FEZ is carried out:

- FEZ administration - in relation to legal entities and individual entrepreneurs;

- National Bank - in relation to banks and non-Bank financial institutions;

- The Ministry of Finance - in relation to insurance organizations, insurance brokers, associations of insurers.

Authorization is carried out with the help of an electronic digital signature key, which can be acquired at the Republican unitary enterprise "Information and publishing center for taxes and fees" and at the Republican unitary enterprise "National center for electronic services".

Required documents:

- Charter (Article of incorporation- for a commercial organization acting only on the basis of the article of incorporation) in the format .doc, .rtf, or .odt.

- A legalized extract from the commercial register of the country of establishment or other equivalent proof of the legal status of the organization in accordance with the legislation of the country of establishment or a notarized copy of the above documents (extract must be dated not later than one year before the date of filing the application form for state registration) with translation into the Belarusian or the Russian languages (translator's signature is notarized) - for the owner of the property, founders being foreign organizations;

- A copy of the identity document with translation into the Belarusian or the Russian languages (translator's signature is notarized) - for the property owner, founders being foreign individuals.

To register as a resident of the FEZ and the subsequent implementation of activities, an investment project should first be developed. Approximate forms of the business plan of the investment project are posted on the FEZ websites.

The investment project should include:

- volume of investments into its realization - in the amount equivalent not less than EUR 1 million (or the equivalent of not less than 500 thousand euros, under condition of investment in specified volume within three years);

- creation and (or) development of production focused on export and (or) import substitution.

Legal entity (SP) must apply to the FEZ administration with the following documents:

- application in the approved by the FEZ administration form;

- certified copies of articles of incorporation with presentation of original documents (only for legal entities);

- a copy of the certificate of state registration (with the presentation of the original);

- business plan of the investment project;

- payment document confirming payment of state duty (currently it is 50 basic values).

As a General rule, documents are considered within 14 business days from the date of their submission.

Registration takes place by entering information about the legal entity (SP) in the register of FEZ residents on the day of the conclusion of The agreement on activities in the FEZ. The term of registration is equal to the term for which the FEZ contract is concluded (which, in turn, is the term of implementation of the investment project).

The resident is issued a certificate within 3 business days from the date of registration.

1. Application for resident status;
2. copies of the certificate of state registration and articles of association certified by the head of the legal entity or the person performing his duties;
3. justification of the investment project approved by the head of the legal entity or other authorized person;
4. draft of the agreement on the conditions of activity in the industrial Park, signed by the head of the legal entity or other authorized person.

The term of consideration by the Park Administration of documents and making a decision on registration of a legal entity as a resident of the Park- no later than 5 business days following the day of receipt of documents.

The day of registration of a legal entity as a resident of the Park is the day of signing an agreement with it on the conditions of activity in the Park.

• application

• copies of the Charter (article of association) and certificate of state registration of a legal entity (SP);

• business project, which is proposed to be implemented as a HTP resident.

The total period of consideration by the HTP administration of documents submitted for registration of a legal entity or individual entrepreneur as a resident of the hi-tech Park and adoption of a decision by the Supervisory Board may not exceed 1 (one) month from the date of submission of such documents by the applicant.

The applicant is issued a certificate of registration as a HTP resident.

— to register a commercial organization or an individual entrepreneur with the location (residence) on the territory of medium, small municipal settlements, rural zones and

— to perform activities for the production of goods (performance of works, provision of services) on the territory of medium, small municipal settlements, rural zones.

(The territory of medium, small municipal settlements, rural zones refers to the territory of the Republic of Belarus, except for the territory of the cities of Baranovichi, Bobruisk, Borisov, Brest, Vitebsk, Gomel, Grodno, Zhodino, Zhlobin, Lida, Minsk, Mogilev, Mozyr, Molodechno, Novopolotsk, Orsha, Pinsk, Polotsk, Rechitsa, Svetlogorsk, Slutsk, Soligorsk).

1. Examine information on the legal capacity of the potential seller, i.e. whether he/she may have the rights and obligations depending on the purposes of his/her activities.
2. To verify whether the potential seller is in bankruptcy proceedings. This can be done through the Unified state register of bankruptcy information (http://bankrot.gov.by/).
3. To find out if a potential seller is involved in legal proceedings.

The schedule of meetings on economic Affairs can be found on the website of the Supreme Court of the Republic of Belarus (http://court.gov.by/high-court/search_calendar).

To analyze:

1. extract from the Unified state register of real estate, rights to it and transactions with it (hereinafter - USRRE) in respect of the property of interest;
2. an extract from the USRRE in respect of the land on which the property is located;
3. technical passport;
4. the list of objects for which acquisition local public authorities have the preferential right;
5. rent agreements concluded with respect to real estate;
6. documents on connection to the networks of heat, water, gas, electricity.

General terms for obtaining a work permission for foreign citizens

^[1] Free for

- residents of the Great stone, joint venture, participants in the construction of facilities, investors of the Great stone;

- investors, as well as contractors and (or) developers of project documentation within the framework of the concluded investment agreement.

[2] Free for the same categories