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Commentary to Decree No. 166 of 12 May 2017

By   /   May 19, 2017  /   Comments Off on Commentary to Decree No. 166 of 12 May 2017

MIL OSI – Source: President of the Republic of Belarus – Press Release/Statement

Headline: Commentary to Decree No. 166 of 12 May 2017

19 May 2017

Belarus President Alexander
Lukashenko signed Decree No. 166 on 12 May to provide the resident companies of
the Chinese-Belarusian Industrial Park Great Stone with the best business
regulations in comparison with other Belarusian and EAEU regulations.
The document envisages
a “one-stop shop” principle for the park. Public authorities now should send
employees to the park to carry out administrative procedures at park’s request.
This means that from now on a requesting party will not have to waste time
going to executive committees, ministries or other organizations.
The decree envisages
the establishment of a free-trade zone in the park. The document envisages a
mechanism to coordinate inspections of the park’s resident companies with the
park’s administration.
The decree also expands
the list of criteria for becoming a resident company of the Great Stone
industrial park, increases the number of main areas of implementing investment
projects, and reduces the minimum investment amount in case it is made at short
notice.

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