1. «Sysouev, Bondar, Khrapoutski» Law Firm

2. entitled to benefits not provided by the legislation government guarantees can be obtained at the national level the possibility of accounting for specifics of the project, while receiving the preferences leasing of a land plot without auction

3. Project construction in parallel with the development of the project documentation each stage of construction Exemption from * payment for the right to conclude the land lease contract * VAT and income taxes because of granting of capital structures and isolated premises for the implementation of the investment project Determination of the general planning organization, the general contractor, the subcontractor design, construction and other organizations without conducting contract bidding

4. Undergoing the mandatory legal expertise by the investment project Object, extent and terms of investments as well as terms of realization of the investment project and the contract validity Rights and obligations of the investor (investors) and the Republic of Belarus – the parties of the investment contract The responsibility of the parties of the investment contract for failure to meet the conditions Information confidentiality requirement The order and the authority to resolve disputes concerning the contract provisions between the parties of the investment contract.

5. FREE ECONOMIC ZONES (FEZS) HIGH-TECH PARK (HTP) BELARUSIAN-CHINESE INDUSTRIAL PARK

6. was created in order to form favorable conditions for the software engineering, information and communication technology in Belarus (Belarusian “Silicon Valley”). The Decree of the President of the Republic of Belarus from 22.09.2005 N12 “On the High-Tech Park” the residents – 109 export – 80% ПО from the creation the software export - $ 800 000 000 Special legal regime 2005-2020

7. Exempyion from: * profit tax * VAT on the turnover from the realization of goods (works, services) on the territory of Belarus * real estate tax on buildings and constructions * land tax up to 3 years * offshore tax at the payment of dividends * import customs duties and VAT during the import of technological equipment * the payment of local taxes and fees tax on other income - 9% (general – 12%) the permanent representation on dividends and royalties - 5 % (General rate is 12% and 15%)

8. The amount of rent for the lease of buildings owned by the state on the territory of HTP is reduced in two times Exemption from the mandatory sale of currency proceeds (as a General rule 30%) Optional insurance contributions payments to employees

9. The legal entity or the individual entrepreneurs registered in the Republic of Belarus Optional permanent location on the territory of HTP The implementation of only certain types of activities The business project The registration as the resident The contract about the activity conditions of HTP resident (deduction of 1% of revenues)

10. * EPAM Systems – the largest developer of the software

11. The special economic zone established in the area of 80 km 2 The Decree from 05.06.2012 N 253 “On the Belarusian-Chinese Industrial Park” The special legal regime – 50 years The high-tech and export-oriented plants Implementation period – 30 years The estimated cost is 30 billion dollars

12. During 10 years exemption from: * profit tax * real estate tax * land tax * local taxes * import customs duties and VAT Over the next 10 years these taxes are paid at the rates reduced by 50%

13. Income tax on dividends accrued to founders of companies- residents – 0% for 5 years Royalty – 5% up to 2027 (the General rate is 15%) Income tax of employees – 9% up to 2027 (the General rate is 12%) If it is the establishment of new taxes, levies, duties the duty of the payment does not occur

14. Optional insurance contributions payments to employees Examption from: * the payment of the state fee for issuing permits for foreign workers labor activity in the Republic of Belarus * the mandatory sale of currency proceeds (as a General rule 30%) * contributions to the innovation Fund The guarantees of the rights of investors and investment protection apply to the residents

15. The legal entity of the Republic of Belarus, situated on the territory of BCIP, or created in BCIP The investment project on the directions of creation and development of productions in the fields of electronics, fine chemistry, biotechnology, engineering and new materials; others, in consultation with the Council of Ministers The volume of investments – not less than $ 5 million The registration as a resident of BCIP Benefits are not available to some kinds of activities

16. «Sysouev, Bondar, Khrapoutski» Law Firm tel.: (+375-17) 327-53-77, 327-43-01 fax: (+375-17) 327-47-89 e-mail: info@sbh-partners.com www.sbh-partners.com