Decree of the President of the Republic of Belarus of June 8, 2015 No. 235 “On the Socio-Economic Development of the Southeastern Region of the Mogilev Region” stipulates the following benefits for organizations and individual entrepreneurs registered in the region from 1 July 2015 to 31 December 2020:
2. Pension insurance – 24% for 7 years from the activities commencement.
3. Preferential loans for individuals for the construction (reconstruction) or acquisition of residential premises for 20 years at 1 % per annum.
4. Financing of expenditures for the creation of engineering and transport infrastructure for the implementation of projects in agriculture and industry is provided from the republican budget (50%) and from the consolidated budget of the Mogilev region (50 %).
On May 28, 2020 Decree of the President of the Republic of Belarus No. 177 “On Measures for the Development of the Southeastern Region of the Mogilev Region” was adopted to create additional conditions for the comprehensive social and economic development of the Southeastern region of the Mogilev region.
The document extends until 2025 the main provisions of the Decree No. 235 and specifies the procedure for providing organizations with payments from the republican budget to partly reimburse the expenditures they will incur when implementing investment projects in 2021-2025 in the framework of the Program for the Social and Economic Development of the Southeastern Region of the Mogilev Region until 2025.
To learn more about the conditions of doing business in the southeastern region of the Mogilev region, follow the link and click Eng in the top left corner to see an automatic translation.