About Free Economic Zone
Free Economic Zone (FEZ) Grodnoinvest was established in 2002 and represents territory of Grodno region with an area of 4195.04 hectares, where a special legal regime for investment and entrepreneurial activity is applied to FEZ residents.
The purpose of establishing FEZ Grodnoinvest is promotion of social and economic development of Grodno region, attraction of investments for implementation and development of export-oriented production.
The state establishment Administration of Free Economic Zone Grodnoinvest is developing FEZ Grodnoinvest. It is accountable to the Council of Ministers of the Republic of Belarus and performs the following functions:
- leases land plots to FEZ residents;
- acts as a customer for the design and construction of industrial, engineering, transport and other infrastructure within the boundaries of FEZ;
- does the state registration of legal entities and individual entrepreneurs;
- concludes (prolongs) contracts on the conditions of activity in the FEZ and monitors their implementation;
- makes decisions on registration and deprivation of FEZ residency status;
- control body of special tourist-recreational park Augustow Canal.
For more than 15 years of activity, FEZ Grodnoinvest has become a key platform for business development in Grodno region. Today, 74 enterprises in woodworking and furniture production spheres, machine building and metalworking, food and light industry, agriculture with production volume over $1,7 billion are residents of FEZ. They form 25% of the total production of the region, 40% of export. Investors from 40 countries of the world invested their money in the implementation of projects.
The factors that determine the interest of investors to the creation of modern manufacturing enterprises on the territory of FEZ Grodnoinvest are:
- advantageous geographical location at the border of two largest economic unions;
- modern developed engineering and transport infrastructures;
- high scientific potential and access to qualified personnel.
For FEZ residents, there is a special legal regime, which includes preferential tax and customs regimes, which allow reducing up to 40% of investment costs.
Territory of FEZ Grodnoinvest
The administration of FEZ Grodnoinvest will provide comprehensive support, including registration matters, which will allow using the one-window principle to go all the way from the idea of an investment project to the registration of an enterprise as a business entity in 1 day, as a FEZ resident - within 14 days.
History of FEZ
On April 16th, 2002 Decree of the President of the Republic of Belarus № 208 «creation of free economic zone Grodnoinvest» was signed.
In 2005 by Decree of the President of the Republic of Belarus № 262 «On some issues of the activity of free economic zones on the territory of the Republic of Belarus» as of June 5th, 2005, activity of all FEZ of Belarus is put to a unified system.
Regional extension of the territory of FEZ Grodnoinvest from 1 045,9 ha up to 2 187,83 ha
In order to create favorable conditions for the development of tourism and tourist infrastructure, adjacent to the Belarusian part of Augustow Canal and riverbed Nieman by Decree of the President of the Republic of Belarus №220 as of May 11th, 2011, a special tourist and recreation park Augustow Canal was created, whose management is entrusted to FEZ Grodnoinvest.
Extension of the territory of FEZ Grodnoinvest from 2187,83 ha up to 2 557,82 ha
Extension of the territory of FEZ Grodnoinvest from 2 557,82 ha up to 3 079,17 ha
Extension of the territory of FEZ Grodnoinvest from 3 079,17 up to 3 534,17 ha.
In 2017, the volume of investments in fixed assets by FEZ Grodnoinvest residents reached $1 billion.
Extension of the territory of FEZ Grodnoinvest from 3 534,17 ha up to 4 195,04 ha. A new industrial platform was established in Svisloch.
The annual turnover of the residents of the Grodnoinvest FEZ reached $ 1 billion.