GRATA International is delighted to announce the opening of an integrated office in Minsk, Belarus - GRATA International BY.
This is a vital step in implementing GRATA International's strategy of providing top quality client service through a unified network applying the highest service delivery standards and best practices.
Having worked with GRATA International since February 2015, the team of experienced and globally recognised lawyers - Dmitry Viltovsky and Maxim Lashkevich - will now head our Minsk office and ensure our clients continue to receive high-quality advice and support in all GRATA International projects in Belarus.
7, 10 Surazhskaya street, Minsk, 220007, Belarus
+375 17 373 5500; +375 29 373 550
GRATA International law firm provides you with a brief alert on main changes and amendments to the legislation of the Republic of Belarus.
The governments of member-states of EAEU signed an Agreement on Collective Management of Copyright and (or) Related Rights on November 10th.
IFLR1000 has released its 2019 rankings identifying leading firms and lawyers worldwide.
GRATA International has been ranked in 7 jurisdictions in Europe and Asia: Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, and Uzbekistan. IFLR1000 paid special attention to GRATA’s wide geographical coverage in Central Asia and Eastern Europe.
The Astana International Financial Centre (AIFC) was launched on the 5 July 2018. It is a financial hub located in Astana, Kazakhstan. The aims of AIFC are to attract investment and bring in clients from Asia, Europe and the Middle East.
In 2017 the International Federation of Consulting Engineers has introduced major amendments to FIDIC 1999 Yellow, Red and Silver Books which have been in use in the construction industry for almost twenty years.
On October 12, 2018 a new edition of the Rules of Carrying Passengers, approved by the Resolution of the Council of Ministers of the Republic of Belarus dated 31.08.2018 No. 636, shall enter into force. Carriers and dispatchers will receive additional obligations.
Amendments were made to the Instruction on Regulation of Prices of Goods (Works, Services) of Legal Entities and Individual Entrepreneurs included in the State Register of Business Entities Taking Dominating Positions on Market of the Republic of Belarus.
Amendments concern business operations relating to performance of works, rendering services and lease relations.
While rendering services, which results the customer can use during the term of the agreement, the date of completing this business operation shall be:
last calendar day of each month of provision of services and the last day of provision of services – if the term of the agreement exceeds one month;
last calendar day of the month, when provision of services is started, and (or) the day of completing of provision of services – if the term of the agreement does not exceed one month.
Land relations can be a crucial issue for foreign investors considering whether or not to start a business in a particular country. Let us provide you with a summary of land legislation of Belarus and the opportunities it offers for business.
Edict of the President waived the requirement for legal entities and individual entrepreneurs – residents of Belarus – to sale its foreign currency earnings in the domestic foreign exchange market starting from August 4.
Starting from July 23, 2018 Law of the Republic of Belarus No. 52-Z dated 17.07.2017 “On Investment Funds” entered into force, and a new mechanism of attracting investments emerged in Belarus – investment funds.
Good news for foreign guests and partners – possible stay period in Belarus without visa has been extended to 30 days! This preference is available for foreigners in case of entry into the state and subsequent exit across the state border via Minsk National Airport.
On 5-7 September 2018, a IBA Europe-Caucasus-Asia Forum 2018 will be held in Almaty.
On 17 July 2018, the Board of the Eurasian Economic Commission (EEС) adopted the following acts aimed at regulation of the general market of medicines in the Eurasian Economic Union (EAEU):
On 21 December 2017 Alexander Lukashenko signed the Decree which significantly improves the conditions for residents of the High-Tech Park and makes our country much more competitive in terms of creation of a modern digital economy. The provisions of the Decree came into force on 28 March 2018.
The document establishes that legal entities in Belarus have the right to own any tokens (including crypto-currencies), store tokens in the virtual wallets, exchange tokens for one another or for fiat money. Belarusian legal entities now have a unique opportunity to create and place their own tokens in the Republic of Belarus and abroad via crypto platform operators and crypto currency exchange operators(such operators must be registered as High-Tech Park residents).
The changes prescribed by the decision of the Council of Ministers on 31 January 2018 came into force 10 February 2018.
In particular, new regulation changed the basic documents: Charter of the “Administration” of “Great Stone” as well as the Regulation on Chinese-Belarusian Industrial Park “Great Stone”.
On 29 January 2018 the Management Board of the National Bank introduced a number of changes to the Instruction on the bank transfer.
Among the most important changes is cancellation of requirement to put a seal on settlement and other documents.
Also an entirely new kind of bank transfers - direct debiting of the account was introduced. The procedure for the initiation of payment by using direct debit of the account is the following. A beneficiary through the service bank provides payment request stating the acceptance of a unique number and then enters the payment system through the service requirements of the bank. If the corresponding system accepts number, the funds are debited automatically from the payer to the beneficiary.
On 14 February 2018 the refinancing rate of the National Bank was reduced from 11% and now stands at 10.5%.
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