Park Avgustov Canal » For investors » Guarantees to investors
 

Special tourist and recreation
park Avgustov Canal

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Tax & customs preferences are granted to the park residents for the implementation of the investment projects.

Tax incentives:

In accordance with the Decree of the President of the Republic of Belarus #220 of May 26, 2011 “About the creation of the special tourist and recreation park Avgustov Canal” the tax load is reduced by 70%.
The investor is exempted from:

  • the State Tax for the employment permission to foreign  citizens and persons without citizenship attracted by park residents for the investment project implementation;
  • the compensation of  agricultural and forest production losses caused by the withdrawal of the lands of  agricultural and forest category located in the park territory for the investment project implementation and also from the compensation connected with the removing of green plants in urban lands.

For more detailed information about tax and non-tax payments please, click here

Development of the Park engineering and transport infrastructure will be financed by the means of the republican budget and FEZ Grodnoinvest development fund.

The lease payment defined in the land lease contract must not be increased during the investment project implementation period (item 9 of the Decree of the President of the Republic of Belarus N220 of  26.05.2011).

Guarantees to the Park investors
The state guarantees:
  • Property rights, legally gained,   & their protection.
  • Equal rights & possibilities for the implementation of investment intentions and projects.
  • Protection from discrimination & other illegal restrictions or actions regarding the rights of all managing subjects irrespective of a country of origin & legal form.
  • Guarantees of property owners' rights regarding the use of profits from the investment activity, free disposal of the capital & property.
  • Stability of the investor’s rights on investment activity and/or its termination.
  • Unhampered transfer of incomes & revenues from full or partial sale of investment property in case of investment activity termination, abroad including in foreign currency received from the investment activity in the Republic of Belarus.
  • Equal protection of investors’ rights & legal interests.

Protection of investments and deposits made in the territory of the Park Avgustov Canal are guaranteed by the legislation of the Republic of Belarus and International agreements with the Republic of Belarus.

All guarantees are secured by:
- the Investment Code of the Republic of Belarus (chapter 3, article 9, 10, 11, 12, 13, 14, 79);
- the Decree of the President of the Republic of Belarus #220 of May 26, 2011 “About the creation of the special tourist and recreation park “Avgustov Canal”;
- the Resolution of the Council of Ministers #115 of August, 2011 “On some issues of the activity of the special tourist & recreation park “Avgustov Canal”.



News
22.3.2013

Belarus is in Top-10 of countries, which gain increasing interest from tourists

According to evidence derived from the research of the International Travel and Tourism Association, Belarus is in Top-10 of countries, which gain increasing interest. The list of countries with fast-growing popularity has been published on the CNN Travel site.
more
15.3.2013

International Festival “Puppets above the Neman” is held in May (10-13) in Grodno.

more
14.3.2013
The management of the Polish Bus Communication Association in Suvalki is planning to start regular bus service between Grodno and Avgustov.
more
News archive



 
 
  Contacts

Administration FEZ Grodnoinvest
Republic of Belarus Grodno, Gorkogo str. 91A
tel./fax: +375.152.43-01-75, tel.: +375.152.41-86-87
e-mail: info@grodnoinvest.by

Working hours:
Monday - Friday
8:30-13:00      14:00-17:30

 
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