On July 23, 2024 a new edition of the Law of the Republic of
Belarus «On Investments» (hereinafter – the Law)
comes into force. The new edition of the Law is targeted to
invigorate investors by providing them with new opportunities to
make investments and give a «second life» to
public-private partnership in Belarus.
For reference: currently, such investment instruments as,
for example, an investment agreement with the Republic of Belarus
are not popular with investors due to the complexity of the
procedure, insufficient awareness and understanding of possible
benefits.
The most significant changes are:
- establishing a «preferential investment
project»;
- establishing a «special investment agreement»;