Free Economic Zones (FEZ)
There are 6 free economic zones in Belarus, namely, ”Brest“, ”Gomel-Raton“, ”Minsk“, Vitebsk“, ”Mogilev“, ”GrodnoInvest“. As indeed in the whole world, FEZ regime gives enterprises the possibility to operate in special preferential conditions which favour the saving of about 25-30% expenses during the project implementation.
Application terms:
amount of investment should be at least 1 mln euro (0.5)
proportion of goods (works, services) destined for export should be at least 70% in the total volume of the goods sold
Main tax preferences:
exemption from profit tax for 5 years since the date of profit declaration; then 50% of the tax rate (no more than 12%);
exemption from real estate tax in terms of buildings and facilities;
exemption from land tax.
Customs privileges:
customs regime of free customs zone;
exemption from import customs duties, VAT and excise duty.
