Are there any exchange control or currency regulations?
There are certain restrictions on cross-border transactions (transactions involving settlements in a foreign currency or with the participation of non-residents). Some require approval, notification, or permission from the National Bank of the Republic of Belarus. In addition, certain transactions must be executed within a fixed term and need authorisation in case of extension. 4. What grants or incentives are available to investors? Are any of these aimed specifically at foreign investors? Belarus is raising its profile among foreign investors by developing investment regulations. Investors are granted the following benefits: • Free economic zones, where residents can have, among others: • full or partial taxation exemption; • exemption from customs duties for capital contributions and goods produced by the resident. • High Technologies Park, an IT business park with special taxation conditions for Belarus resident investors, which can be incorporated by or with foreign investors’ par
