Great Stone Industrial Park: Investment opportunities on Silk Road Economic Belt
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1 Great Stone Industrial Park: Investment opportunities on Silk Road Economic Belt
2 About the park GREAT STONE industrial park: - Territorial unit of the Republic of Belarus; - Free economic zone; - Special legislation; - Public-private partnership; - State park Administration - one stop shop is directly subordinated to the Government; - Development (management) company is a joint-stock company.
3 Perfect Location The Republic of Belarus borders with the European Union and Russia, and is a trade corridor between the Europe Union and the EAEU. 510 mln people The park is located 25 km from Minsk, right near the Minsk National Airport Total area 91,5 km²
4 A Key Element & Pearl of Silk Road Economic Belt Great Stone RUSSIA EU 510 mln people EAEU 183 mln people China 1.3 bln people GERMANY Minsk Moscow Warsaw KASACHSTAN Astana Khorgos Aktau Urumqi Istanbul TURKEY Samarqand Tehran IRAN Bishkek Dushanbe CHINA The Silk Road Economic Belt combines transport, trade, investment and financing of all European and Asian countries. It covers territory with population of 3 bln and huge market with growth potential. The fund ($40 bln) cooperation financing. was established for infrastructure, resources and production
5 Master plan
6 Phase 1 The Phase 1 development area of approximately 8 sq.km and is in the stage of infrastructure construction. The core starting area of 3.5 km 2 of road network has already been completed, and basic infrastructure for all enterprises is to be finished in Engineering: Water supply 27 thousand m3/day Waste water 24 thousand m3/day Gas 116 mln m3/year Electricity 50 МВ Storm drainage, telecommunications and others
7 Infrastructure The perfect location Construction 2015 Temporary offices and residential buildings were built 7 main streets of the starting area (13 km long) were built Power supply, water supply, sewerage, gas, communication networks were built Phase ha (within 9150 ha) 2016 Construction and commissioning of the electrical sub-station (50 MW) Construction of 8,000m2 of industrial and 12,000m2 of commercial property Construction of 71,000m2 of warehouse and 28,000m2 of commercial and real estate exhibition areas (slated for completion in 2017) Commencement of production for the first park residents
8 Great ecology The forest surrounds the industrial park and ensures perfectly clean air. The greening area would be more than 50%. Clean drinking water of the highest quality conforms to ISO There is a Lake with the square of 4.8 sq.km and length of about 10 km
9 Priorities electronic information industry pharmaceuticals R&D high-end manufacturing biotechnology logistics & warehousing fine chemical industry new materials
10 Preferential Investment Policy Taxes Standard rate Park priority projects tax rate Other park projects tax rate Corporate income tax 18% First 10 years 0%; subsequent 10 years 50% from the existing rate From the initial registration first 7 years 0% Real estate tax 1% As above Exempted Land tax(average rate per hectare) Park area:126 $/year Minsk district: 3150 $/year Minsk:24000 $/year As above Park area:126 $/year Minsk district: 3150 $/year Minsk:24000 $/year Customs fees for raw materials tax (VAT, customs duty) Duties depend on materials (5-20%) VAT 20% 0% in case of export of finished goods outside the Customs Union or by absence of analogue materials produced in the Customs Union Duties depend on materials (5-20%) VAT 20% VAT(sales) 20% in case of export of finished goods including the Customs Union countries 0% Prompt refund of the full amount from the state budget, paid by purchasing (import) of goods (services), property rights 20% in case of export of finished goods including the Customs Union countries 0% Customs fees (VAT, customs duties) for components and equipment Duties depend on equipment (usually 5%, rarely 10%) Exempted Exempted (using the registered capital to purchase products) Personal Income Tax 13% 9% 13%
11 Preferential Investment Policy Taxes Standard rate Park priority project tax rate Other Park projects tax rate Allocations to the social protection fund ( paid by enterprises ) Tax on dividend income and other similar income accrued to its founders (shareholders) Compensation payments for harmful impact upon objects of flora and fauna during construction Obligatory sale of currency earnings Payments in foreign currency in the course of construction of the industrial park objects Certification of goods and materials for construction of the industrial park objects Licensing, deferred costs (work permits for foreigners) 34% Not more than 12% Belarus citizens:0% for part of incomes which exceed average salary in the country; Foreign citizens: 0%. 0% within 5 calendar years (beginning with the first year in which there was a gross profit), after that - 5% 34% Not more than 12% Depends on the region Exempted Depends on the region 30% Exempted Exempted Prohibited Allowed Prohibited Obligatory Exempted Obligatory 70 $/foreign person 750 $/legal entity Exempted (also applies to contractors) 70 $/foreign person 750 $/legal entity
12 Residents Location 21 Juxin 11.5 Zoomlion Changdu Xinju NanoPectin CHINA MERCHANTS GROUP 94.4 ZTE и Huawei 23.8
13 Joint projects Joint investment Logistics sub-park: 94,4 hectares, $550 mln. Stage 1 25 hectares, $150 mln., sq. m
14 Thank you for your attention! Contacts: tel web:
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