“Bremino Orsha” Special economic zone was created on the basis of the Republic of Belarus Presidential Decree No.106 of March 21, 2019 for the purpose of integration of the Republic of Belarus into global logistic chains of goods turnover, developing of Orsha region and attractiуng of direct investments.
A special legal regime has been approved for the period of 50 years on the territory of the zone. The managing company of “Bremino-Orsha” Special economic zone is “Bremino Group” LLC, national logistics operator.
It is a versatile multimodal logistics site in the Special Economic Zone, designed to serve transit cargo flows and to organise production, assembly, packing or repair of various consumer goods, to demonstrate and promote finished products in the EU and EEU markets.
SEZ BREMINO-ORSHA
Main benefits
Profit tax
Exemption for 9 years from the first tax period in which the gross profit arises, then at a rate reduced by 50% of the current rate
Land rent
The land is leased to the Management Company for 99 years. The Management Company is exempted from the rent
Real estate tax
Exemption for 20 years on taxable objects within the SEZ, irrespective of their use
Customs duty
0 % - on implementation of the investment project; 0 % - on exports of finished goods outside the EEU
Offshore duty
Exemption for transfer of dividends and similar income
State Tax
Exemption for the issue (prolongation) of permits for the engagement of foreign labour force and special permits for employment in Belarus
VAT
VAT deduction in full amount for construction and equipping of objects
VAT exemption on sales, renting out (leasing) real estate objects to residents until January 1, 2033
VAT exemption on import of equipment, component parts, spare parts, raw materials for investment projects
Exemption from:
compensation for forestry and agricultural losses
Other benefits
Functioning of an "area" zone
Exchange rate differences
Not to include exchange rate differences into non-operating income and expenditures for income tax purposes until January 1, 2033
Stabilisation clause
Royalty tax
Royalty tax of 5% until 2028 (15% for non-residents)
SSF
SSF is 30% instead of 34% for cadres hired in Orsha district
Standartization
The possibility of construction according to foreign norms without adaptation of the project to Belarusian norms or with adaptation in a simplified procedure
Guarantee
Guarantee of preservation of the legal regime (in the sphere of taxation) till January 1, 2028
Dividend tax
0% for 5 years from the first year of gross profit
Links
Agreement on free (special, special) economic zones in the customs territory of the Customs Union and the customs procedure of a free customs zone of 18 June 2010