Great Stone Industrial Park gets additional administrative, fiscal preferences – ordinance
<p> MINSK, June 14 - PrimePress. The China-Belarus Industrial Park Great Stone will receive additional administrative and fiscal preferences, in accordance with ordinance #215 signed by President Alexander Lukashenko on June 11, 2021. </p> <p> </p> <p> The ordinance gives the park’s administration more independence by means of transferring additional functions from municipal authorities with regard to the implementation of administrative procedures. The decree also expands the types of business the industrial park welcomes, provides support for startups and offers preferential terms for major investment projects with the volume of investments at least as large as $50 million. </p> <p> </p> <p> The Great Stone Park is located in the area of the Minsk National International Airport on the area of 112.5 sq. km. The special preferential legal regime is granted to the Park until 2062. Its residents mainly focus on electronics, biomedicine, fine chemistry and mechanical engineering. The committed investment for residents is $5 million (at least $500,000 for a research project). The land in the Park can be privatized. As of today, the park unites 69 resident companies from 13 countries with the nominative volume of investment of more than $1.25 billion. About of half of these companies have already launched production facilities and created over 1,660 jobs. End </p> <p> </p>
2021-06-15
Primepress
Great Stone Industrial Park gets additional administrative, fiscal preferences – ordinance
MINSK, June 14 - PrimePress. The China-Belarus Industrial Park Great Stone will receive additional administrative and fiscal preferences, in accordance with ordinance #215 signed by President Alexander Lukashenko on June 11, 2021.
The ordinance gives the park’s administration more independence by means of transferring additional functions from municipal authorities with regard to the implementation of administrative procedures. The decree also expands the types of business the industrial park welcomes, provides support for startups and offers preferential terms for major investment projects with the volume of investments at least as large as $50 million.
The Great Stone Park is located in the area of the Minsk National International Airport on the area of 112.5 sq. km. The special preferential legal regime is granted to the Park until 2062. Its residents mainly focus on electronics, biomedicine, fine chemistry and mechanical engineering. The committed investment for residents is $5 million (at least $500,000 for a research project). The land in the Park can be privatized. As of today, the park unites 69 resident companies from 13 countries with the nominative volume of investment of more than $1.25 billion. About of half of these companies have already launched production facilities and created over 1,660 jobs. End