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
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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