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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of November 6, 2009 No. 1448

About approval of the Regulations on procedure for provision to physical persons and legal entities of powers on representation of interests of the Republic of Belarus concerning investment attraction to the Republic of Belarus

(The last edition from 27-09-2012)

According to the paragraph the second Item 2 of the Presidential decree of the Republic of Belarus of August 6, 2009 "About provision to physical persons and legal entities of powers on representation of interests of the Republic of Belarus concerning investment attraction to the Republic of Belarus" the Council of Ministers of the Republic of Belarus DECIDES: No. 413

1. Approve the enclosed Regulations on procedure for provision to physical persons and legal entities of powers on representation of interests of the Republic of Belarus concerning investment attraction to the Republic of Belarus.

2. This resolution becomes effective since November 8, 2009.

 

Prime Minister of the Republic of Belarus S. Sidorsky

Approved by the Resolution of Council of Ministers of the Republic of Belarus of November 6, 2009 No. 1448

Regulations on procedure for provision to physical persons and legal entities of powers on representation of interests of the Republic of Belarus concerning investment attraction to the Republic of Belarus

1. Are determined by this Provision procedure for provision to physical persons and legal entities of powers on representation of interests of the Republic of Belarus concerning investment attraction to the Republic of Belarus (further - investment agents), and also procedure for their interaction by the matters with the republican state bodies, other state organizations subordinated to the Government of the Republic of Belarus (further state bodies), regional (Minsk city) executive committees (further - executive committees).

2. Powers on representation of interests of the Republic of Belarus concerning investment attraction to the Republic of Belarus (further powers) can be conferred for the purpose of:

2.1. developments of administrative and territorial units and spheres of economy of the Republic of Belarus;

2.2. implementation of investment projects, including:

creation and development in the territory of the Republic of Belarus of the organizations with participation of the investor having strategic importance;

acquisition by the investor of the objects which are in state-owned property including in the course of privatization.

3. Powers of the investment agent can be conferred:

3.1. to residents of the Republic of Belarus - the legal entities and physical persons registered in accordance with the established procedure as individual entrepreneurs;

3.2. to nonresidents of the Republic of Belarus - the legal entities performing activities in the territory of the Republic of Belarus through creation of the affiliated organization or representation, to the physical persons registered in accordance with the established procedure as individual entrepreneurs.

4. In some cases according to the decision of Council of Ministers of the Republic of Belarus powers of the investment agent can be provided to foreign physical persons without their registration in accordance with the established procedure as individual entrepreneurs in the territory of the Republic of Belarus.

Preparation and decision making of Council of Ministers of the Republic of Belarus about provision to such physical persons of powers of the investment agent is performed according to the procedure, provided by this Provision.

4-1. Responsible for preparation of the decision of Council of Ministers of the Republic of Belarus and the conclusion on a grant basis of the agreement on representation of interests of the Republic of Belarus concerning investment attraction to the Republic of Belarus (further – the agreement) it is determined:

state body – in case of representation of interests of the Republic of Belarus on investment attraction to the respective sphere of economy;

executive committee – in case of representation of interests of the Republic of Belarus on investment attraction to the respective area Minsk);

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