The insights in this review are extracted from Bizpages.org' Belarus⇨🇧🇾 database. The link top 1000 companies in Belarus offers a more comprehensive information on this topic, as well as search tab, visual representation, top company listings, condensed country economic update and reference to neighbor countries. Companies in this business directory may display all relevant info, such as the company's name, address, contact information (website, email address, phone), and associated social media and messenger services.
Comprehensive Guide to Investment Opportunities
Published: July 2024 | Source: Ministry of Economy
Economic Snapshot
2023 Performance
GDP Growth: 2.9%
Inflation: 6.2% (down from 12.8% in 2022)
Unemployment: 3.8%
FDI Inflow: $2.1 billion
2024 Projections
GDP Growth: 3.0-3.2%
Inflation: 5.5-6.0%
Key Drivers: Manufacturing, IT, Agriculture
Competitive Advantages
Industrial Leadership
World's largest mining truck manufacturer (BelAZ)
Top 3 global potash fertilizer exporter
Modern food processing facilities meeting EU standards
Technology Hub
High-Tech Park: 900+ companies, $3.8B exports
65,000+ IT professionals
0% income tax for IT companies until 2049
Strategic Location
At the crossroads of EU and Eurasian Economic Union
China-Belarus Industrial Park with special incentives
12 international transport corridors
High-Potential Sectors
Manufacturing
Automotive: Components production
Pharmaceuticals: Generic drug manufacturing
Equipment: Industrial machinery
Technology
Fintech: Payment solutions for EAEU
AI/ML: Industrial applications
Blockchain: Government-supported projects
Infrastructure
Renewables: 700MW capacity target by 2025
Logistics: Regional distribution hubs
Commercial: Office space development
Business Operations Guide
Establishing a Business
Step
Timeframe
Company Registration
3-5 working days
Tax Registration
1 day
Bank Account Opening
2-3 days
Taxation
Tax Type
Standard Rate
SEZ Rate
Corporate Income Tax
18%
0% (first 5 years)
VAT
20%
0% for exports
2025-2030 Outlook
Digital Transformation: Smart manufacturing initiatives
Market Diversification: Expanding to Asia and Middle East
