Industry: Industry Region: Belarus Transaction Price: Not Disclosed Transaction Method: Equity Investment
Introduction: China-Belarus Industrial Park is a regional type with a special legal system, which provides convenient protection for commercial activities, covering an area of about 80 square kilometers. The park is located in an excellent natural environment 25 km from Minsk, the capital of the Republic of Belarus, close to the international airport, railways, and the Berlin-Moscow road. The park is planned to have production and residential areas, office and business and entertainment complexes, financial and scientific research centers. A competitive, high-tech, export-oriented modern international eco-city has emerged.
The project was promoted within the framework of China-Belarus international cooperation, and a series of intergovernmental documents were signed. Any company with an independent source of capital can become a resident of an industrial park. In view of the fierce competition for investors in the international market, the State has created a favorable investment environment for the residents of industrial parks, which is guaranteed by national legislation, special international agreements and obligations,
It has been provided with unprecedented preferential and preferential conditions, forming an independent national administration body to realize the principle of "one-stop-shop" integrated administrative services.
In addition, the management company guarantees that the industrial park will provide a complete engineering and transportation infrastructure, a duty-free market of Belarus, Russia, Kazakhstan customs union of up to 170 million people, as well as a neighboring European market, convenient geographical location, superior time and transportation costs, Belarusian regulated professional human resources. On August 16, 2012, the Government of the Republic of Belarus established the Management Committee of the Industrial Park, which is responsible for administrative management and guarantees a comprehensive "one-stop" comprehensive service for park visitors. The management committee independently and promptly handles the issues of attracting investment and registering visitors to the park, as well as other procedural issues, and generally solves the current management problems of the park. The Park Management Committee guarantees the provision of all permit documents.
Details: Park advantages
Infrastructure and land use
Once in the park, investors will be able to acquire selected plots that are connected to transportation and municipal infrastructure. The construction of the infrastructure of the park and its access to the investor is the responsibility of the management company (insert hyperlink to the company information).
In order to learn from the advanced experience of foreign parks, under the premise of meeting the project safety operation standards, the reliability of the main structure, fire and explosion prevention, the park can be considered for design in accordance with foreign technical standards.
The investor has a 99-year right to use (lease) or acquire ownership of the park land. The lease and sale of the plot is carried out by the management company.
geographical location
The China-Belarus Industrial Park is located in the Smolevich district of the Minsk region, 25 kilometers from the city of Minsk, the capital of the Republic of Belarus, with a total area of about 80 square kilometers. The site has a good location advantage, close to Minsk International Airport, railway, intercontinental road from Berlin to Moscow, and about 500 kilometers from the Baltic Sea port of Klaipeda.
The China-Belarus Industrial Park allows Belarus to become a transport hub for the CIS countries, Russia and Europe, as well as the opportunity to sell its products duty-free to the markets of the customs union and the single economy (Russia, Belarus, Kazakhstan) with a population of 170 million.
The proximity to the city of Minsk (population of the capital is 1.9 million, university students - 450,000) and the satellite city of Smolevich (population of 150,000, 15 km from the park) guarantees the source of professionals in the park.
Forests, reservoirs, nature reserves rich in many species of animals and birds, and high-standard groundwater create a perfect ecological complex of the park.
Tax and tariff benefits
China-Belarus Industrial Park will provide investors with: the "10+10" tax preferential model: enterprises entering the park are exempted from various company taxes for ten years from the date of registration, and the tax will be halved within the next ten years after the expiration of the ten-year period;
According to the "10+10" model, enterprises are exempted from entering the park:
- Income tax on profits derived from the sale of goods (works, services) independently produced in the China-Belarus Industrial Park;
- Real estate tax on buildings and buildings in the Sino-Belarusian Industrial Park;
- Land tax on private land within the Sino-Belarusian Industrial Park;
exemption from customs duties and value-added tax on goods brought into Belarus by enterprises entering the park for investment projects in the park;
Preferential treatment for the incoming shipment of equipment (ancillary parts and spare parts), as well as raw materials produced in the non-customs union (in case the production quantity of the customs union country is insufficient or its products do not correspond to the technical characteristics of the investment project);
The tariff regime of the free customs territory exempts customs fees (customs duties, VAT, excise taxes) when importing goods (raw materials) for processing and export outside the borders of the Customs Union in the future;
Preferential treatment for employees of enterprises in the park: the personal income tax of employees in the park is fixed at 9%, which is 25% less than the national common tax value.
Residents of the China-Belarus Industrial Park and their employees are exempted from compulsory income insurance. Employees who enter the park are exempted from compulsory insurance if their income exceeds the average monthly wage of the Republic of Belarus.
special policies to attract foreign labor;
Exemption from taxes arising from the issuance or extension of permits to attract foreign workers, special permits for the conduct of labour activities in the territory of Belarus, and temporary residence permits in the territory of Belarus;
VAT is fully deducted when purchasing goods (labor and property rights) used in the design, construction and equipping of buildings and buildings in the Sino-Belarus Industrial Park;
Exempt from profit tax on dividends distributed to the founder by enterprises entering the park within 5 years from the generation of gross income;
Residents of the park are added to the income tax of foreign organizations not operating through a permanent representative office in Belarus, including (know-how) information incentives, royalties in the form of licenses, concessions, utility models, processes, etc. at a rate of 5% (3 times less than the national tax rate);
Enterprises entering the park are not required to pay the new types of taxes established by the Republic of Belarus.
The above-mentioned preferential policy is provided for by the exclusive decree of the President of the Republic of Belarus.
"One-stop" service
For all the problems of enterprises entering the park, a "one-stop" all-round comprehensive service system has been established in the park. Investors and enterprises entering the park can go through administrative procedures in the park management committee.
The management committee independently and effectively handles the registration of enterprises entering the park, the deployment of construction projects in the park, the survey design and building permits, and other existing management issues of the park.
If other problems arise involving the authority of the state management department, the enterprises entering the park do not need to communicate directly with the department, and the park management committee is responsible for solving the problem.
Separate Jurisdiction and Protection
The good and stable investment climate in industrial parks is based on the international level, which is guaranteed by a special agreement between the Governments of the People's Republic of China and the Republic of Belarus. The agreement was ratified by the Republic of Belarus (Decree No. 348-З of the Republic of Belarus of January 7, 2012) and the People's Republic of China and entered into force on January 31, 2012.
The President of Belarus has issued special decrees at the height of national legislation: defining the boundaries of industrial parks, consolidating the status of industrial parks as independent territorial units of the Republic of Belarus with the system of special economic zones, detailing the management structure of the parks, including: the highest governing body of the park, the Intergovernmental Coordination Committee, the executive body - the Management Council, the management company, specifying the preferences and privileges in the park, providing additional guarantees for investors.
In addition to the guarantees provided for by the general laws and bilateral agreements of Belarus, investors enjoy additional guarantees for the free repatriation of profits earned in Belarus, and the preferential regime remains unchanged when new taxes are established in Belarus.