Belarusian and German businessmen participate in the Investment in Business and Regional Development Forum
An overview of the benefits of investment in Belarus, business operation terms, organisations to support your initiatives in Belarus, etc.
Why should you invest in Belarus?
Today’s Belarus is a country open to foreign investments and offers favorable business conditions.
The many benefits for investors include:
strategic geographical location
direct access toЕЕU markets (Belarus, Russia, Kazakhstan, Armenia,Kyrgyzstan)
a well-developed infrastructure in Belarus: transport, logistics and communications
progressive investment legislation in Belarus
guarantees of investors rights and investment protection in Belarus
an attractive investment climateand favorable taxation policies
government support for investors in the form of guarantees,benefits and preferences
privatisation opportunities
highly skilled workforce
good quality of life
The Foreign Investment Advisory Council under the Council of Ministers of the Republic of Belarus operates in the country, which:
develops proposals to improve investment regulations
participates in the examination of regulatory and legal acts, regulating relations, connected with activities of commercial organizations with foreign investments
has the right to make proposals in Republican bodies of state administration to consider the repeal or the modification of regulatory and legal acts, restricting investors’ rights
Investment projects in Belarus
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:
pharmaceutical industry
biotechnology industry
nanotechnologies and nanomaterials
high technologies in the industry
new materials
petrochemical and chemical industries
mechanical engineering industry and production of machines and equipment
transport and transportation infrastructure
civil engineering
production of construction materials
agriculture
food industry
information and communication technologies
tourism
A Minsk City Investment Atlashas 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
In 2021, foreign investors injected $8.7 billion into Belarus’ real economy (apart from banks). The country’s primary investors include companies of Russia, Ukraine, Cyprus.
Are there any agencies that can help me invest 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:
organisation of a fact-finding trip to Belarus, including visa formalities
receipt of the information required about the country's investment opportunities
selection of investment objects
collection and analysis of information about a certain investment object
organisation of the meetings required to make an investment decision
resolution of the issues arising during implementation of an investment project
post-project support
There are also a number of other ministries, agencies and organisations that can help.
More about organisations that can help you invest in Belarus
Are there any examples of successful investment projects 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.
How about economics in Belarus? Are the banks in Belarus reliable?
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 2022 the banking sector of the Republic of Belarus incorporated 23 banks. Six banks account for over 80% of the capital. These are:
Open joint-stock company Belarusbank (OAO ASB Belarusbank)
Open joint-stock company Belagroprombank (OAO Belagroprombank)
Open joint-stock company Priorbank (Priorbank OAO)
Open joint-stock company Sber Bank (OAO Sber Bank)
Open joint-stock company Belvnesheconombank (OAO Belvnesheconombank)
Open joint-stock company Belarusian Bank for Development and Reconstruction Belinvestbank (OAO Belinvestbank)
Founded in 1991, the National Bank of the Republic of Belarusis 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:
International Monetary Fund (IMF)
World Bank
European Bank of Reconstruction and Development (EBRD)
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