MINSK, 23 May (BelTA) – The minimum investment set for the registration as a resident of the China-Belarus Industrial Park Great Stone has been lowered to $500,000. The decision is laid down in Decree No.166, First Deputy Director General of SZAO Industrial Park Development Company Kirill Koroteyev told BelTA.
“The document envisages the possibility of reducing the minimum investment to $500,000, given the funds are invested within three years. The move will attract small and medium-sized business to the park,” Kirill Koroteyev said. Earlier, the minimum investment was set at $5 million without a time limit.
Under the document, the Park Administration will have the right to decide on the registration of a legal entity as a resident, whose investment project does not correspond to the requirements for the area of activity and investment.
The document also expands the main areas of activity for resident companies with IT, pharmaceutics, e-commerce, big data storage, social and cultural activity. The document bans the implementation of the activity which can be potentially hazardous to people's health and environment, for example, the production of alcohol and tobacco products, radioactive materials.
