An overview of the benefits of investment in Belarus, business operation terms, organisations to support your initiatives in Belarus, etc.
Today’s Belarus is a country open to foreign investments and offers favorable business conditions.
The many benefits for investors include:
The Foreign Investment Advisory Council under the Council of Ministers of the Republic of Belarus operates in the country, which:
All the sectors of the Belarus economy are open to foreign investments, except the production of weapons, narcotics and toxic substances.
Foreign investors may set up companies in Belarus with any amount of foreign investments in any legal form, as well as their branches and representative offices. Government-guaranteed preferences and privileges promote mutually beneficial cooperation. Special legal regimes are available to investors in free economic zones, small and medium-sized towns, rural areas, the Hi-tech Park, etc.
Priority areas and sectors for foreign direct investments in Belarus are:
A Minsk City Investment Atlas has been created in the capital of Belarus. It provides information on investment opportunities and attractive investment projects in Minsk.
Click here for more information on investment opportunities in Belarus
Yes. The National Agency of Investment and Privatization was established by the Government specifically to help attract foreign investment into Belarus.
Foreign investors, willing to run a business in Belarus, can request assistance from the National Agency of Investment and Privatization assistance. The services are free of charge for foreign investors:
There are also a number of other ministries, agencies and organisations that can help.
More about organisations that can help you invest in Belarus
Yes. International companies in Belarus have been involved in numerous successful investment projects, contributing significant revenues and infrastructure improvements to the Belarusian economy.
Read our international investment case studies
Since Belarus gained independence from the Soviet Union in 1991, the country has seen steady economic growth, particularly in recent years.
Belarusian banks offer a wide range of services. Special attention is turned to lending to people, investment projects, housing construction and assistance of the agricultural industry.
As of 1 January 2017, the banking system in the Republic of Belarus includes 24 operating banks. The bulk capital of the banking system (nearly 85%) is in five system-forming banks – Belagroprombank, Belarusbank, Priorbank, Belpromstroibank, Belinvestbank.
Founded in 1991, the National Bank of the Republic of Belarus is the major part of the country’s banking system. It is based on the Constitution of the Republic of Belarus, the Banking Code, etc. Its management bodies are the Board of Directors (its chairman and members are appointed by the President of Belarus) and the Council of Directors.
The National Bank represents the country in the international organizations on the issues under its competence, has a right to participate in the activity of the international banking funds and associations, open representative offices in other countries.
Commercial banks in Belarus operate with a degree of autonomy, and many foreign banks are also represented in the country.
Belarus is a member of several key international organisations: