Are there any restrictions on foreign investment (including authorisations required by central or local government)?
Generally, foreign investors are treated in the same way as residents. Foreign investment is prohibited in areas of, among others: • Defence and security of Belarus, unless by special decision of the President of Belarus. • Manufacturing and distribution of narcotic and poisonous substances. The Ministry of Economy’s consent is needed for foreign investment in the property of legal persons with a monopoly in Belarus’ market. There are restrictions on foreign investors in certain industries, such as: • Insurance, where the foreign investment share may not exceed 30% of the charter capital of the insurance sector. • Banking, where the foreign investment share may not exceed 50% of the banking sector. 3. 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 B
