Belarus is a country in Eastern Europe bordered by Russia, Ukraine, Poland, Lithuania and Latvia. It has a population of 9.4 million and its capital is Minsk.
Although recently it has seen political instability, it is historically a very stable country with plenty of possibilities for foreign investment.
Of particular interest to offshore investors are the six Free Economic Zones, offering companies significant tax breaks. Branches of offshore companies can be established in Belarus, taking advantage of account opening opportunities in commercial banks, and there is zero tax on remittances from branches to head office. Belarus is also a good place for offshore banks to establish correspondent banking for transactions in Russian Rubles for the Russia/CIS market and beyond.
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For further information on Offshore Pro Group services in Belarus, please contact us today!