ANNOUNCEMENT 04 Apr 2009In April 2009, the government of Belarus announced changed incentives for foreign investors entering the country.
NUMBER OF INTERVENTIONS
Government Decree # 175 from 4 April 2009, http://www.pravo.by/webnpa/text.asp?RN=p30900175
On April 4, 2009, the Belarusian Government (according to Government Decree # 175 ) introduced FDI facilitation measures for the organization of the car production in the territory of Belarus. Foreign companies which conclude an up to ten years special agreement with the Ministry of Industry of the Republic of Belarus on the conditions of production will be exempted from the payment of import duties and VAT on the equipment (and car parts) necessary for the car production on the territory of Belarus.