Realization of investment projects on available land plots of a special tourist and recreational park Augustow Canal, located in a visa-free zone on the border of three countries with an area of over 5.7 thousand hectares. The investor is granted tax and customs preferences, a comprehensive support is provided on one stop principle.

Visa-free regime

Special tourist and recreational park Augustow Canal is located in visa-free zone, which includes Grodno and Grodno region. Since October 2016, about 100,000 tourists and businesspeople from 39 countries have used visa-free regime.

Preferences

PROFIT TAX

0% - on profit from disposal of goods for export and to other residents of FEZ (special legal regime) within 10 years from the date of profit declaration. After 10 years, the profit tax rate is reduced by 50% (at the moment, the rate is 18%).

VALUE ADDED TAX (VAT)

0% - from turnover on the sale of goods (work, services) of own production.

PROPERTY TAX

0% - for real estate on buildings and structures located on the territory of the park.

ANNUAL RENTAL FEE (1 HA) - FROM 11 USD

Rent for land is determined using a coefficient of 0.0025.

CUSTOMS DUTIES

0% - import customs duties and VAT when importing technological equipment, components and spare parts to it, raw materials and materials to the territory of the Republic of Belarus.

NO AUCTION ON LAND PLOTS

 

NO PAYMENT FOR THE RIGHT OF A RENTAL AGREEMENT CONCLUSION

Residents of the Park are exempt from payment for the right to conclude a rental agreement for the land plot granted for the implementation of an investment project.

Registration of a resident of the Park Augustow Canal

  • registration of a business entity is done on the day of documents submission
  • registration of the Park's resident is done within 14 working days from the date of documents submission

 

  • registration as a FEZ resident is possible with the declared investment of 200 thousand euros

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