The China-Belarus Industrial Park is a 112.5 square kilometre territorial formation with a special legal regime to provide comfortable conditions for doing business. Chinese development assistance also plays an important role in the industrial park's development, especially in financing urban infrastructure. In total, about US$300 million has been invested in the industrial park over the past five years.
The main goal of the project is to develop high-tech export-oriented productions, transfer innovations and manufacture products that will be in demand on world markets. Currently, 67 residents from 14 countries - not only Belarus and China, but also Austria, Germany, Israel, the Baltic States, Switzerland, Russia and others - are registered in the park.
GREAT STONE
Main benefits
Profit tax
Exemption of profit tax received from the sale of goods (works, services) of own production produced on the territory of the Park – within 10 calendar years from the first tax period in which the gross profit arose. Then apply a 50 percent reduced rate until 14.06.2062
Real estate
Exemption on objects of taxation in the industrial park, regardless of the mode of their use (till 14.06.2062)
Land tax
Exemption for land plots on the territory of the Industrial Park (till 14.06.2062)
Custom duties
Exemption from import customs dutiesand VAT levied by customs authorities when importing goods and technological equipment for the implementation of an investment project in the Park
Foreign income
Income tax exemption for foreign organisations not operating in Belarus through a permanent establishment
Dividend
5 years 0% on dividend tax
SSF
35% Contribution to the Social Security Fund from the national average wage
Standartization
The possibility of construction using foreign standards without adapting the project to the Belarusian standards or adaptation under the simplified procedure
Land plots
The land plots can be purchased or leased for up to 99 years
Other benefits
"One station" principle
Performing all administrative procedures in one place: registration of legal entities and residents
Energy provision
Decreased electricity and natural gas prices
Stabilisation clause
10-year stabilisation clause on non-deterioration of operating conditions
Links
Edict №253 of the PRESIDENT of the REPUBLIC of Belarus of June 5, 2012 On establishment of the Chinese-Belarusian Industrial Park "Great Stone"