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Investment Support
Attraction and effective use of investments is one of the main priorities of the state investment policy of Belarus, which is implemented by the Ministry of Economy of the Republic of Belarus.
The Ministry of Foreign Affairs of the Republic of Belarus together with the Belarusian diplomatic assists the attraction of foreign investments in the economy of the country and creation a favourable investment image of Belarus abroad.
The list of investment projects can be found here.
All sectors of our 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.
For foreign investors in Belarus has created the necessary legal conditions. All investors are guaranteed equal, without discrimination, protection of rights and legitimate interests, regardless of the ownership and the national status. Guarantees to foreign investors are also provided in the framework of bilateral agreements between Belarus and other countries. Currently, there are 52 agreements on avoidance of double taxation and 49 treaties on promotion and protection of investments, including Austria, Great Britain, Germany, Italy, China, Latvia, Lithuania, Poland, Turkey, Czech Republic, Sweden, Switzerland, Finland, South Korea, etc.
The country established a system of incentives, privileges and preferences for investment activities. Special legal regimes can be applied to investors in free economic zones, small and medium-sized cities, rural areas, the Park of High Technologies, etc.
The law provides for the possibility of concluding the investment contract with the Republic of Belarus — it allows the investor to get additional legal guarantees to protect their capital and additional benefits for realization of the investment project.
Belarus has been working to join the 30 top countries with the most favourable business conditions. The country has constantly carried out reforms aimed at the liberalization of the economy and improvement of investment attractiveness.
Measures taken by the Government to reform the economy positively appreciated by the authoritative international structures, including the IMF, the World Bank and the International Finance Corporation.
During last five years, there is increase in direct foreign investments in the economy of Belarus.
Foreign Direct Investments in the Economy of Belarus
2007-2011, million USD
The share of Russia in all inward FDI totaled 78.4 percent.
The non CIS countries share amounted more that 20 percent of all inward FDI. The major investing countries are Italy, Cyprus, UK.
Every year is growing the number of companies with foreign capital. On January 1, 2012 in the Republic of Belarus operates 5,759 companies with foreign investments, including 3227 joint ventures and 2373 companies with foreign capital.
- over the years Belarus demonstrates the strong economic growth and increases economic cooperation with foreign countries
- establishment of the Customs Union of Belarus, Russia and Kazakhstan and abolishment of internal customs borders open to foreign investors access to the market of the Customs Union in the 170 million people
- since January 1, 2012 in the frame of unified economic area is done the unification of national legislations, it gives new opportunities for foreign investors
- well-developed transport network and infrastructure
- political, social, and economic stability
- highly skilled manpower which has accumulated experience of work at modern enterprises
- favourable investment climate: guarantees, privileges and preferences to foreign investors
- favourable economic and geographical location
- there are 6 free economic zones and the High-Tech Park
- there are the state enterprise “National Investment and Privatization Agency” and the Advisory Council for Foreign Investments of the Council of Ministers of the Republic of Belarus
Further reading *
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Catalogue of Investment Projects of the Investment Forum “Belovezhskaya Puscha — Tourism and Recreation” (.pdf, 5Mb) 
Doing Business in Belarus 2011 (.pdf) (by Revera Consulting Group)
Investarby.com — independent investment portal
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* External links in this section are not sponsored or endorsed by the Ministry of Foreign Affairs of the Republic of Belarus and are provided for information purposes only.
