Guarantees for investors

Guarantees for investors
Guarantees of the Use of the Investment Activity Results
Investment Protection
Compensation for the cost of nationalized or requisitioned investment property
Guarantees against illegal actions (inaction) of state bodies and their officials

 

 

 

Guarantees for investors

The State guarantees the investors legally acquired property rights, and protects these rights.

The State guarantees equal rights to investors, regardless of their form of ownership, as well as equal (without any discrimination) protection of the rights and legitimate interests of the investors.

The State guarantees the stability of the investor's rights on investment activity and its termination according to the Investmen Code of the Republic of Belarus.

The investor has the right to define and implement, in accordance with the legislative acts of the Republic of Belarus, all actions arising from the possession, use and disposal of the objects and results of investment activity.

 
Guarantees of the use of the investment activity results

The investor has the right to use the profit (income) received as a result of investment activities, including reinvesting in the Republic of Belarus in accordance with the legislative acts of the Republic of Belarus.

Reinvestment is the investment of the profit (income) received in the result of investment activity to new objects of investment activity on the territory of the Republic of Belarus.

The State guarantees the investors a free transfer of the profit (income received on the territory of the Republic of Belarus as result of investment activities) from the Republic of Belarus, as well as proceeds from the full or partial investment property sale upon termination of investment activity.

 
Investment protection

The State guarantees investments protection in accordance with the legislative acts of the Republic of Belarus.

Investments can not be nationalized or expropriated. Nationalization or requisition are possible only with the timely and full compensation for the cost of nationalized or requisitioned investment property and other damages caused by nationalization or requisition. The procedure and conditions of nationalization and requisition as well as compensation cost are established by thу Investment Code and the legislative acts of the Republic of Belarus.

 
Compensation of the cost of nationalized or requisitioned investment property

Compensation of the cost of nationalized or requisitioned investment property should be equal to the real value of the property at the moment of nationalization or requisition. In addition, the compensation must include the percent calculated at the official rate of the Belarusian ruble against the relevant foreign currency, from the date of de facto nationalization or requisition (or a public announcement) to the date of actual payment of compensation. Specified percentage shall not be lower than the corresponding percentage set in the London interbank market (LIBOR).

Compensation for the nationalized or requisitioned investment assets to the domestic investor is paid in the official currency of the Republic of Belarus, to the foreign investor - in the currency in which the investments were initially made.

The amount of compensation for the nationalized or requisitioned investment property can be appealed by the investor in the Court.

 

Guarantees against illegal actions (inaction) of state bodies and their officials

Actions (inaction) of state bodies or their officials, of the administrative-territorial units or their officials and acts of the state bodies or the administrative units of the Republic of Belarus, which violate the rights of the investor and (or) causing losses and other damage may be appealed by the investor in the Court.

Damage, including looses caused by the actions (inaction)  or acts mentioned above must be compensated from the relevant treasury by the Court.

The order of demage compensation, including looses, is determined by the legislative acts of the Republic of Belarus.