INVEST INBELARUS OPEN YOUR MIND, OPEN YOUR BELARUS
Minsk-London Minsk-Paris 2172 km, 3h 20 min 2177 km, 3h Minsk-Berlin Minsk-Roma 1112 km, 1h 50 min 2338 km, 2h 55 min Minsk-Moscow 713 km, 1h 20 min BELAR LARUS US Klaipeda Port – 500 km Riga Port – 530 km Tallinn Port – 790 km Currency Languages Capital Territory Population 2 Belarusian Ruble (BYN) Belarusian, Russian 207 600 km Minsk 9.48 mln (45.7 people/km 2 ) $/BYN ≈ 2.4 Nominal GDP Airports Urban population Confession ~63.2 bln USD (2019) 7 airports in the country 80% orthodox 77% National Agency 2 Source: Belstat; 2019 data of investment and privatization
Key macroeconomic indicators GDP per capita (USD thsd PPP), 2019 Real GDP Growth % Y-o-Y С PI, % Y-o-Y 104 20 102,8 101,7 16,2 Norway 76,6 103,1 102 102,5 16 Switzerland 66,1 101,2 100 12 12 10,6 Denmark 53,8 98 97,5 8 Poland 33,8 5,6 96 4,6 4,7 96,2 Belarus 20,6 4 94 China 19,5 92 0 0 20 40 60 80 2014 2015 2016 2017 2018 2019 2020* 2014 2015 2016 2017 2018 2019 Foreign trade of goods of Belarus, bln USD GDP structure, 2019 39,3 38,4 40 5,6 34,3 33,9 32,9 Services 35 6,8 30,3 29,2 39,4 27,6 30 Industry B 26,7 S&P 9,4 23,5 25 Net taxes on production B Fitch 20 Trade 15 13,1 Agriculture 10 Construction 5 25,7 0 Export Import 2015 2016 2017 2018 2019 National Agency 3 of investment and privatization Source: Belstat, 2019
FDI FDI inflow, 2018, bln USD FDI inflow to Belarus, bln USD Investment opportunities 3,5 Germany 25,7 3 3 Russia 13,3 Industry 2,5 Poland 11,4 1,86 Austria 7,6 2 1,65 IT-sector Belgium 4,8 1,43 1,7 1,28 1,3 1,5 1,25 Belarus 1,4 1 Finland 1,2 Tourism Lithuania 0,9 0,5 Latvia 0,9 Financial sector 0 2014 2015 2016 2017 2018 2019 2020* 2025* 0 5 10 15 20 25 30 FDI to Belarus by sectors, 2019 23.5% 10.3% 29.4% 4% 3.6% 3.6% 6% 29.6% wholesale and real estate production finance transport other sector and insurance retail trade, operations Top-10 FDI donor countries to Belarus, 2019 repair of motor vehicles 1.6 % 2. 1 % % 2. 7 % % 3. 9 % 2.0 % 2.0 % 2. 1 % % 10.5 % 26.6 % 25.8 % Latvia Austria Poland UK Russia Lithuania Netherlands Germany China Cyprus National Agency 4 of investment Source: Belstat, 2019 and privatization Source: NBRN BOP Source: UNCTAD, 2018
Global rankings Density of medical doctors (per 10 000 population) average for 2009-2018 5.7 Belarus is in 78.4% % of The BelAZdump Belarus takes Belarus entered the top 25 Dentists the 3rd place ce truck with a the top 10 countries households per 10 000 loading capacity countries have access in the world for travel in 2019 of 450 50 tons citizens to the favorable for export of potash according to 42.4 33.2 31.9 40.8 40.1 26.1 Internet motherhood salt twice entered into Lonely Planet Switzerland Belgium Belarus Russia Latvia Canada the Guinness Book of Records Human Development Index, Transparency International e-Government Development 2019 Index, 2019 Index,2018 Belarus 66 th Belarus 38 th Belarus 50 th Bulgaria 74 th Lithuania 40 th Bulgaria 52 nd Ukraine 126 th Bulgaria 47 th Georgia 70 th Russia 137 th Czech Republic 54 th China 85 th Source: Belstat; 2019 data National Agency 5 Source: World health organization; of investment Source: Human Development Index ,UNDP1 and privatization Source: Transparency International Index, transparency Source:E-Government Development Index (EGDI)
expo porter rter of butter r 8.1% of the world market expo porter rter of potash Belarus 17.2 2 % fertil ilizers rs of the world market expo porter rter of cheese ese 9.2% at the of the world market expo porter rter of global 7.4% 4% hoopwood expo porter rter of SMP of the world market 4.8% market of the world market expo porter rter of > 180 > 180 COUNTRIES 2.1% 1% rawflax TRADE PARTNERS of the world market 70 % 70 PRODUCTION FOR EXPORT National Agency 6 *ranking 2019 of investment Source: www.fao.org and privatization Source: www.trademap.org
Production sector Belarus Еach 10th In 2019, export Industrial Output Index, 2019 mechanical tractor in of mechanical engineering the engineering comprises over world is products rose Machines and equipment 113.3 250 compan 25 anies 113.3% % "BELARUS" by around (large ge and medium dium-size zed) d) 4.3% to 5.8 bln USD 114.1 11 1 % % Transport and machinery FDI sectoral structure 104 04.1 1 % % Electric equipment of the production sector, mln USD 600 500 400 Every day Belarus is making 300 2.4 108.6 .6 2 200 100 0 haul trucks frontal loaders tractors 2015 2016 2017 2018 2019 42.4 .4 5.3 .3 14.8 .8 Dynamics in production sector Dec 2018 Dec 2019 180% off-road dump trucks street sweepers trucks 160% 3.1 140% 120% 100% buses 80% 60% 40% 20% 0% Metallurgy Wood and paper Chemical С arbonite and products products refined products National Agency 7 of investment Source: Belstat, 2019 and privatization Source; Belarus SED Report 2019
Agriculture sector Land area Agricultural land Agricultural area 20298.8 41.1% 8532.7 (1000 ha) (1000 ha) Forest area Main agricultural 8633.5 products (1000 ha) Potato, flax, rapeseed, sugar beets Investors see the undoubted advantages of investing in the agriculture of Belarus due to in-country agribusiness development preferential credit resources attracted for the implementation of agricultural projects (from 3% per annum) state support for the development of infrastructure (roads, communications) single tax for agricultural producers (1% of revenue) VAT of 10% on agricultural products, no income tax and property tax National Agency 9 of investment and privatization Source: Belstat, 2019
HTP residents IT-sector 751 800 FDI in the ICT-sector, mln USD 600 454 400 191 161 147 136 280,5 ,5 132 200 2019 0 225,2 ,2 2018 2013 2014 2015 2016 2017 2018 2019 Import of ICT, 2019 Export of ICT, 2019 3,2% 6 times in a row the Belarusian recognized as the best world 55,2% 41,6 … 88,1% 11,0% programmer at the Google Code Jam date, 2019 3,2% Belarusian Computer services Telecommunication services Information services programmers are Services exportd of ICT sphere, mln USD famous all over the 2 406,1 world 2400 date, 2019 1 840,5 1800 1 445,3 897,0 1 003,5 1 152,4 EPAM is in the 1200 top-100 fastest 740,7 growing companies according to Fortune 600 date, 2019 0 National Agency 2013 2014 2015 2016 2017 2018 2019 9 of investment Source: Belstat, 2019 and privatization Source: HTP
Financial sector 24 banks ks forex companies (14 with foreign capital, (14 compa panie nies) s) 5 with governmental capital, 5 with private belarusian capital)* insurance microfinance leasing (16 compa pani nies es) (94 organiz nizati tions, ns, (108 8 organiz nizati tions ns, 31 with th forei eign gn capita pital) l) 5 w with th forei eign n capi pital tal) National Agency 10 of investment and privatization *at 01.01.2020
Belarus investment support agreements for promotion and mutual 66 protection of investments 70 agreements on avoidance of double taxation Law «On Public Private Partnerships» of 30 December 2015 Law «On investments» of July 2013 National Agency 11 of investment and privatization
Preferential regimes INCOME TAX PROPERTY TAX FOR INDIVIDUALS LANDTAX INCOME TAX 13% in general 1% in general 18% in general Great Stone Great Stone Great Stone Great Stone HTP 0% HTP 0% HTP HTP 0% Small towns 0% Small towns Small towns Small towns FEZs FEZs FEZs VISA-FREE REGIME SAFETY REGIME DEDUCTIONS TO THE SIF VAT AND CUSTOMS DUTIES Great Stone 35% in general 20% in general 30 DAYS in general Great Stone Great Stone stabilization clause HTP HTP 0% Moratorium on 0% 180 DAYS Great Stone for the income Small towns conduction exceeding average FEZs inspections monthly salary National Agency 12 of investment and privatization
Free economic zones Export-oriented Share of FEZ residents in key macroeconomic production indicators of Belarus, 2019 Minimum 0% NET FDI 16% investments Income Tax of €0.5 mln Property Tax INDUSTRIAL Land Tax 15% OUTPUT VAT & Custom Import Duties EXPORT OF 17% GOODS 10% 12% 14% 16% National Agency 13 of investment and privatization
Great Stone Industrial Park NTERNATIONAL INNOVATIONS PLACE BUSINESS AND FOR INDUSTRIES COOPERATION NEW TECHNOLOGIES OF THE FUTURE 0% AND BENEFITS 10 years 0% SPECIAL TAX PRIVILEGES CUSTOMS REGIME GRANDFATHER`S CLAUSE THE MOST CONVENIENT CONDITIONS FOR DOING BUSINESS IN THE EURASIAN REGION National Agency 14 of investment and privatization
HI- Tech Park TOP-15 TOP-9 TOP-100 leading countries destinations for 6 6 HTP resident in IT outsourcing and software companies are high-tech services included in the rating development The Global Outsourcing Export of IT services, bln USD 2,4 2,10 48% of 751 resident 37 000 software 18% share of IT-services 1,8 1,59 companies are with foreign in export of Belarus developers in HTP or joint ownership resident companies 1,2 0,6 0,27 91,9 ,9% of software produced Companies from 67 67 0,05 countries are customers of in HTP is exported 0 the High-Tech Park 2006 2011 2018 2019 date, 2019 National Agency 15 of investment and privatization
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