Preference for investors: Belarus cuts off 25% of cadastral value of land at Great Stone Park
<p> MINSK, Jun 15 - PrimePress. For investors willing to purchase a land plot at the China-Belarus Industrial Park Great Stone the cadastral value of land will be reduced by 25%, in accordance with Lukashenko’s ordinance #215 of June 11, 2021, Deputy Minister of Economy Anzhelika Nikitina told a press conference on June 15. </p> <p> </p> <p> “The cadastral value of the land plots resident companies want to buy in the industrial park will be reduced by 25%,” BelTA reports citing Nikitina as saying. </p> <p> </p> <p> In her words, efforts will also be focused on raising massive investments. “At present the park's resident companies are medium-sized organizations that employ about 90 people, with the volume of investments close to $20 million and the volume of export roughly at $15 million. We also bet on major organizations. We offer additional preferences to all the resident companies, which declare investments at least as large as $50 million. The preferential regime will be increased with regard to the tax on dividends,” said Nikitina. </p> <p> </p> <p> Ordinance #215 primarily expands the kinds of business the resident companies are encouraged to pursue. Medicine, biotechnologies, production of medical equipment, medical products, services for attracting intellectual property, 5G technologies, construction of driverless vehicles, and other allied industries and trades will be in focus. </p> <p> </p> <p> The Great Stone Park is located in the area of 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>
2021-06-16
Primepress
Preference for investors: Belarus cuts off 25% of cadastral value of land at Great Stone Park
MINSK, Jun 15 - PrimePress. For investors willing to purchase a land plot at the China-Belarus Industrial Park Great Stone the cadastral value of land will be reduced by 25%, in accordance with Lukashenko’s ordinance #215 of June 11, 2021, Deputy Minister of Economy Anzhelika Nikitina told a press conference on June 15.
“The cadastral value of the land plots resident companies want to buy in the industrial park will be reduced by 25%,” BelTA reports citing Nikitina as saying.
In her words, efforts will also be focused on raising massive investments. “At present the park's resident companies are medium-sized organizations that employ about 90 people, with the volume of investments close to $20 million and the volume of export roughly at $15 million. We also bet on major organizations. We offer additional preferences to all the resident companies, which declare investments at least as large as $50 million. The preferential regime will be increased with regard to the tax on dividends,” said Nikitina.
Ordinance #215 primarily expands the kinds of business the resident companies are encouraged to pursue. Medicine, biotechnologies, production of medical equipment, medical products, services for attracting intellectual property, 5G technologies, construction of driverless vehicles, and other allied industries and trades will be in focus.
The Great Stone Park is located in the area of 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