The Republic of Belarus is the only country among the CIS countries which passed the Investment Code in 2001 – a fundamental document regulating national and foreign investments.

The Investment Code of the Republic of Belarus protects proprietary rights of local and foreign investors and promotes favorable conditions for their activity. The Code provides for the rights of investors for the state support in the process of implementing the projects being of significance for the state and privileges for granting credit resources on security of the government.

The foreign investors enjoy additional guarantees within the framework of bilateral agreements of the Republic of Belarus with other countries. Currently, 52 Double Taxation Treaties, inclusive of with Russia, Hungary, Czech Republic, Belgium, Austria, the Netherlands, Egypt and Iran, are in effect. 59 Agreements of Promotion and Protection of Investments were concluded, inclusive of with Italy, Denmark, Spain, USA and Canada.

The Republic of Belarus is the party to multilateral agreements. The Convention on the Settlement of Investment Disputes between States and Nationals of Other States of 18.03.1965 and Convention on Establishment of Multilateral Investment Guarantee Agency of 11.10.1985 are in effect in Belarus since 1992.

The Consultative Council for Foreign Investments headed by the Prime Minister plays an important role in creating a favorable investment climate in the Republic of Belarus. It comprises officials from the governmental organizations, international agencies and also foreign investors operating in the Belarusian market.

The National Investment Agency and National Investment site are to be established and created.

The International Finance Corporation reviewing the investment climate in various countries believes that the Belarusian investment legislation deserves the highest rating and is one of the most perfect among the CIS countries.