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Great Stone Industrial Park: Investment opportunities on Silk Road Economic Belt

Great Stone Industrial Park: Investment opportunities on Silk Road … · 2016. 9. 28. · Tax Privileges Standard rates in Belarus Rates in the Industrial Park Income tax Real estate

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Page 1: Great Stone Industrial Park: Investment opportunities on Silk Road … · 2016. 9. 28. · Tax Privileges Standard rates in Belarus Rates in the Industrial Park Income tax Real estate

Great Stone Industrial Park:

Investment opportunities

on Silk Road Economic Belt

Page 2: Great Stone Industrial Park: Investment opportunities on Silk Road … · 2016. 9. 28. · Tax Privileges Standard rates in Belarus Rates in the Industrial Park Income tax Real estate

A Key Element & Pearl of

Silk Road Economic Belt

The Silk Road Economic Belt combines transport, trade, investment and financing of all

European and Asian countries. It covers territory with population of 3 bln and huge

market with growth potential.

The fund ($40 bln) was established for infrastructure, resources and production

cooperation financing.

Tehran

CHINA

RUSSIA

IRAN

GERMANY

Urumqi

Khorgos

Bishkek Samarqand Istanbul

Astana

Moscow

Minsk

Warsaw

Dushanbe TURKEY

KASACHSTAN

Aktau

Great Stone

EU 510 mln people

EAEU 183 mln people

China 1.3 bln people

Riga

Klaipeda

Page 3: Great Stone Industrial Park: Investment opportunities on Silk Road … · 2016. 9. 28. · Tax Privileges Standard rates in Belarus Rates in the Industrial Park Income tax Real estate

PARK FIRST PHASE OVERVIEW

Коммерческая зона Жилая зона Научно-исследовательская зона Industrial area Bonded logistics area

Page 4: Great Stone Industrial Park: Investment opportunities on Silk Road … · 2016. 9. 28. · Tax Privileges Standard rates in Belarus Rates in the Industrial Park Income tax Real estate

Logistics sub-park

The largest logistics sub-park All in all: • 94.4 ha, 550 mln. dollars, • range of services (warehousing, logistics services, trade and exhibition services, etc.) 1 st phase: • is to be completed in 2016, 29 ha, 150 mln. dollars, • warehouses occupy 50 thousand sq. m., • trade & exhibition centre occupies 21 thousand sq. m, • infrastructure – 6 thousand sq. m 2nd and 3 rd phase: •is to be completed within the period of 2017-2024, • full project implementation

Page 5: Great Stone Industrial Park: Investment opportunities on Silk Road … · 2016. 9. 28. · Tax Privileges Standard rates in Belarus Rates in the Industrial Park Income tax Real estate

About park

GREAT STONE industrial park:

- Territorial unit of the Republic of Belarus

- Free economic zone

- Special legislation

- Public-private partnership

- State park Administration - “one stop shop” – is directly subordinated to the Government

- Development (management) company is a joint company

Page 6: Great Stone Industrial Park: Investment opportunities on Silk Road … · 2016. 9. 28. · Tax Privileges Standard rates in Belarus Rates in the Industrial Park Income tax Real estate

Transport infrastructure

Page 7: Great Stone Industrial Park: Investment opportunities on Silk Road … · 2016. 9. 28. · Tax Privileges Standard rates in Belarus Rates in the Industrial Park Income tax Real estate

Master plan

Page 8: Great Stone Industrial Park: Investment opportunities on Silk Road … · 2016. 9. 28. · Tax Privileges Standard rates in Belarus Rates in the Industrial Park Income tax Real estate

Tax Privileges

Standard rates in Belarus Rates in the Industrial Park

Income tax Real estate tax

Land tax

18% 1%

$/year: 126 (Park Area), 3,150 (Minsk district), 24,000 (Minsk)

first 10 years – 0%, subsequent 10 years –

50% of the existing rate

VAT (on sales) 20% prompt refund of the full amount

from the state budget

Customs fees (VAT, customs duty): for components and equipment

for raw materials, materials

Free Custom Zone

duties usually 5%, rarely 10%

duties 5-20% + VAT 20%

duties 5-20% + VAT 20%

0%

0% in case of goods used in construction

or equipping 0% in case of exports of finished goods

outside the Customs Union or by absence of analogue materials produced in the CU

Income tax for physical bodies (employees of resident

enterprises pay) 13% 9%

Allocations to the social protection fund (enterprises pay)

35% 0% - Foreign citizens

0% - Belarus citizens for part of incomes which exceed average –

State duty for issue (extension) of permit to attract foreign labor

force, permits for work or temporary residency in Belarus

~70$/foreign person ~750$/legal entity

released, exemption applies also to contractors engaged

Page 9: Great Stone Industrial Park: Investment opportunities on Silk Road … · 2016. 9. 28. · Tax Privileges Standard rates in Belarus Rates in the Industrial Park Income tax Real estate

Opportunity to design and

construct in accordance with

foreign standards

Complex administrative “one

stop” service

You can buy a land plot or

lease it for 99 years with one-

time payment

10+10 preferential taxation: exemption

from all corporation taxes during the

first 10 years & reduction of current

tax rates by 50% during the

subsequent 10 years

Park residents are exempt from

customs duties and VAT on goods

imported to the territory of the

Republic of Belarus for the purpose of

investment projects implementation.

Preferential personal

income tax of 9%

>

Benefits

183

Page 10: Great Stone Industrial Park: Investment opportunities on Silk Road … · 2016. 9. 28. · Tax Privileges Standard rates in Belarus Rates in the Industrial Park Income tax Real estate

Priorities in innovations

electronic information industry pharmaceuticals R&D high-end manufacturing biotechnology logistics &

warehousing fine chemical industry new materials

Page 11: Great Stone Industrial Park: Investment opportunities on Silk Road … · 2016. 9. 28. · Tax Privileges Standard rates in Belarus Rates in the Industrial Park Income tax Real estate

Investors and residents

Operating Park Residents

1. ZOOMLION (13,3 hectare)

2. CHENGDU XINZHU (1,1 hectare)

3. NANOPECTIN (2,4 hectare), Belarus

4. ZTE (0,8 hectare)

5. HUAWEI (0,8 hectare)

6. YTO (0,8 hectare)

7. CHINA MERCHANTS LOGISTIC (84 hectare, 29,2 hectare during

1st phase )

8. JUXIN MALT TECHNOLOGY (21,13 hectare)

Potential Park Residents

9. KINGSUN - light-emitting diodes (1 hectare)

10. GEELY – automotive components (5 hectare)

11. KRONOSPAN - construction and finishing material (7

hectare)

12. FIBERHOME – optical fiber (4 hectare)

13. YUNYIN – rapeseed harvesters (5 hectare)

More than 50 agreements of intent to implement projects on the territory of the park have been signed

Page 12: Great Stone Industrial Park: Investment opportunities on Silk Road … · 2016. 9. 28. · Tax Privileges Standard rates in Belarus Rates in the Industrial Park Income tax Real estate

tel. +375 17 366 39 48 +375 17 366 37 49 e-mail: [email protected]

web: www.industrialpark.by

Thank you for your

attention!

Contacts: