On Providing Authority to Natural Persons and Legal Entities to Represent Interests of the Republic of Belarus in attracting Investment to the Republic of Belarus
With the view to improve the work with foreign and national investors and make Belarus more attractive for investors, the decree introduces a new institutional tool for carrying out investment activities, investment agents.
An investment agent can be either a natural person or a legal entity, including a non-resident of the Republic of Belarus.
The status of an investment agent can be granted to individuals skilled in preparation of investment projects and possessing the personal qualities enabling them to engage in negotiations with top management of big companies.
Any state administration body and any state-run organisation can submit a proposal for granting the status of an investment agent to a specific individual. Such a proposal can also come from any oblast executive committee (and the Minsk City Executive Committee) on the basis of an application submitted there by a potential investment agent.
The decision on giving the authority of an investment agent to represent interests of the Republic of Belarus will be taken by the Government.