One-stop-shop principle proposed to foreign investors

Belarusian Chamber of Commerce and Industry launching project to provide services to foreign investors using one-stop-shop practices

By Anna Kotova

The project envisages various consulting services, information and market research, as well as aiding the drafting of business plans, opening representative offices, and gaining visas for employment. Additionally, assistance with children care will be provided, including helping people find a kindergarten. “We ‘arrange’ employees for companies and allow Belarusian partners and state agencies to keep in touch in our country,” noted Mikhail Myatlikov, the Chairman of the Belarusian Chamber of Commerce and Industry, speaking at a Belarusian-Korean seminar in Minsk.

Belarus has done much to simplify administrative procedures for arriving investors, including streamlining Belarusian tax laws. In all, 22 taxes have been annulled, with the number of licensable activities cut by about 40 percent. According to Mr. Myatlikov, the creation of the Customs Union is an important stimulus for investors working in Belarus. “If an investor sets up an enterprise with foreign capital in Belarus, they automatically receive access to the markets of three countries,” he added.

A Korean business delegation, led by Lee Ju-tae — the Chairman of the Korea Importers Association (KOIMA), has visited Belarus. The trip was organised by the Belarusian Chamber of Commerce and Industry, with assistance from the Embassy of the Republic of Korea to Belarus.

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