The Foreign Investment Advisory Council under the Council of Ministers of the Republic of Belarus (FIAC) was established in order to enhance the effectiveness of efforts on attracting foreign investment and improve the investment environment of Belarus.
The FIAC’s activities include, but are not limited to the following:
- developing proposals to improve investment legislation;
- participating in the examination of regulatory and legal acts, which regulate relations connected with activities of commercial organizations with foreign investments;
- making proposals in Republican bodies of state administration to consider repeal or modification of regulatory and legal acts restricting investors’ rights, as well as accepting new acts to attract foreign investment into the Republic of Belarus.
The FIAC is headed by the Prime Minister of the Republic of Belarus, who is the Chairman of the FIAC; his deputy is the Deputy Prime Minister of the Republic of Belarus.
On the part of the Republic of Belarus, the FIAC consists of heads of Republican bodies of state administration and other state organizations, subordinated to the Government of the Republic of Belarus; on the foreign part, the FIAC consists of heads of international organizations, foreign companies and corporations.
Within the framework of the FIAC, the standing committee and working groups operate.
Development of financial markets and financial institutions
Secretariat – National Bank of the Republic of Belarus
Improvement of tax policy, customs procedures and accounting systems
Secretariat — Ministry of Taxes and Duties
Creation of a favorable investment image of Belarus abroad
Secretariat – Ministry of Foreign Affairs
Improvement of doing business conditions
Secretariat – Ministry of Economy
Provision with well-qualified personnel
Secretariat – Ministry of Education
Optimization of rules, regulations and civil design standards
Secretariat – Ministry of Architecture and Construction
To apply for inclusion in the Standing Committee or the FIAS working groups, please fill out the questionnaire. Please note that the questionnaires can only be filled in by legal entities.
For questions on admission to the FIAC, please contact:
For representatives of state bodies and organizations
For representatives of international organizations, foreign companies
FLLC Ernst & Young
Kirill Karabanov, Inna Pashkevich, tel. +375 17 240 42 42
Companies wishing to become members of the FIAC and its working groups need to fill out an application form.