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Preferences for Free Economic Area Residents
 
  • The list of taxes and other payment to the budget due from any resident of Grodnoinvest FEA shall be limited;
  • Shall be exempt from payment tax on profit from any sold goods (work, service) of domestic manufacture for the period of five years from the moment of declaration thereof;
    Subsequently shall pay 50% of the profit tax rate on any sold goods (work, service) of domestic manufacture;
  • Shall pay VAT at the rate of 50% of the amount payable from the trade turnover of import substitution goods, except for the rate of 10(9.09)%;
  • Shall not pay the duty to the Republican Fund for Support of Manufacturers if Agricultural Products, Foodstuffs, and Agrarian Science, when exporting any goods (work, services) from the Republic of Belarus;
  • Shall not pay the tax to road funds from the motor road users, when exporting any goods (work, services) from the Republic of Belarus;
  • Shall not pay the real estate tax in respect to any objects located within FEA and used for FEA activity;
  • Tax remissions enable any investor to reduce financial burden of the enterprise as compared to other economic entities of the Republic of Belarus;
  • 49 % tax burden reduction for FEA residents with respect to any goods (work, services) exported from the Republic of Belarus;
  • 31 % tax burden reduction for FEA residents with respect to any import substitution goods;
  • The international conventions of the Republic of Belarus on double taxation avoidance shall be applied to FEA territory. FEA residents shall be entitled to open national and foreign currency accounts with the authorized banks;
  • FEA residents shall be given priority entry to the territory of frontier points for admission through the frontier of the Republic of Belarus;
  • 100 % exempt from customs payments shall be granted when importing any raw stuff, materials, component parts, equipment to the territory of Grodnoinvest FEA;
  • 100 % exempt from customs payments shall be granted when exporting any goods of domestic manufacture from the Republic of Belarus, or in case of import substitution goods manufacture.

The investors shall be granted the right:

  • To purchase for ownership or get on lease any premises, or rent any ground areas for the period of 99 years;
  • Minimum rent amount per 1 hectare of land shall correspond to the land-tax rate fixed annually by the Law of the Republic of Belarus “On Payment for Land”.