DECREE OF THE PRESIDENT OF THE REPUBLIC OF BELARUS 
August 6, 2009 No. 10
ON CREATION OF ADDITIONAL CONDITIONS FOR CARRYING OUT INVESTMENTS IN THE REPUBLIC OF BELARUS
(as amended by Decrees of the President of the Republic of Belarus dated November 12, 2015 No. 8, dated July 16, 2019 No. 4)

To create additional conditions for investments in the Republic of Belarus and to comply with the third part of Article 101 of the Constitution of the Republic of Belarus:

1. To establish that: 

an investment agreement between an investor (investors) and the Republic of Belarus (hereinafter referred to as the investment agreement) may be concluded only to implement an investment project in the Republic of Belarus corresponding to the priority type of activity (economy sector) for investments (hereinafter referred to as the investment project), in the manner and on the conditions determined by this Decree and other legislative acts.

Priority activities (sectors of the economy) for investment are determined by the Council of Ministers of the Republic of Belarus; 

an investment agreement is concluded on the grounds of a decision of:

a republican government body, another state organization subordinate to the Government of the Republic of Belarus, the Administrative Department of the President of the Republic of Belarus (hereinafter, unless otherwise specified, the government body), regional (Minsk City) executive committee (hereinafter, unless otherwise specified, the executive committee), if such an investment agreement does not provide for the provision to the investor (s) and (or) the organization implementing the investment project <*> (hereinafter referred to as the organization), additional benefits and (or) preferences than those established by the present Decree, other legislative acts;

the Council of Ministers of the Republic of Belarus by agreement with the President of the Republic of Belarus, if this investment agreement provides for the provision to the investor (investors) and (or) organization of benefits and (or) preferences not established by this Decree, other legislative acts. This decision of the Council of Ministers of the Republic of Belarus defines the state body or executive committee authorized to sign such an investment agreement, as well as, if necessary, the procedure for confirming the right to use these benefits and (or) preferences.

To conclude an investment agreement referred to in the third paragraph of the first part of this subparagraph, the presentation of the business plan of the investment project and the state comprehensive examination of the investment project is required in the manner established by the Council of Ministers of the Republic of Belarus.

The state body, the executive committee, to obtain the information necessary for deciding on concluding an investment agreement, interacts with other state bodies, executive committees, including by sending appropriate requests, the information period for which should not exceed ten calendar days.

The procedure for concluding, amending and terminating investment agreements in the part not regulated by this Decree is determined by the Council of Ministers of the Republic of Belarus;

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<*> According to this Decree, an organization implementing an investment project means an organization created by an investor (investors), or an organization in respect of which an investor (investors) has the opportunity to determine the decisions it makes on the grounds established by law.

1.3. in the presence of two or more investors applying for investment projects on the same land plot included in the list of plots intended for subsequent provision to investors and (or) organizations for the construction of facilities provided for by investment agreements concluded with the Republic of Belarus (hereinafter the list of sites for the implementation of investment projects), an investment agreement is concluded based on the results of a tender to select an investor (s) to conclude an investment agreement, conducted in the manner determined by the Council of Ministers of the Republic of Belarus.

 2. To determine that:

An investment agreement must contain the following prerequisites: 

object, volume, sources, terms, and conditions of investments; 

the timing of each of the stages of implementation (if any) of the investment project; 

the deadline for the implementation of the investment project, as well as the duration of the investment agreement; 

the rights and obligations of the parties to the investment agreement (organization), including the obligation of the investor (investors) or organization: 

to reimburse the Republic of Belarus and its administrative-territorial units the total number of benefits and (or) preferences <*> in case of termination of the investment agreement on grounds other than the fulfillment by the investor (investors) and (or) organization of their obligations under the investment agreement;

to notify in writing the state body or executive committee that concluded the investment agreement about the reorganization and (or) change of the owner of the property, the composition of the participants at least two months before the date of their implementation. If there are objections to these circumstances, the state body or the executive committee that concluded the investment agreement must notify the investor (s) or organization before reorganizing and / or changing the owner of the property, the composition of the participants. The non-direction by the investor (s) or organization of the specified notification, as well as their reorganization and (or) change of the owner of the property, the composition of the participants, if there is an objection, are the grounds for the refusal of the Republic of Belarus in the person of the state body or executive committee that concluded the investment agreement, to fulfill its obligations an investment agreement unilaterally. This paragraph does not apply to cases of transformation of state unitary enterprises into open joint-stock companies, as well as to cases of change in the ownership of the property of the investor (s) or organization or composition of their participants as a result of the death of individuals;

responsibility of the parties to the investment agreement (organization) for non-fulfillment or improper fulfillment of its conditions, including the responsibility of the investor (investors) and (or) organization for violation of the deadlines for the implementation of the investment project and (or) the stages of its implementation (if any) and compensation to the investor ( to investors) losses incurred as a result of illegal actions (inaction) of officials of a state body or executive committee that entered into an investment agreement on behalf of the Republic of Belarus and (or) another state member body (organization);

the right of the Republic of Belarus to unilaterally refuse to fulfill its obligations under an investment agreement if the investor (s) and (or) the organization fail to fulfill or improperly fulfill their obligations;

information confidentiality requirements;

the procedure and body for the settlement of disputes between the parties to the investment agreement related to the implementation of the terms of the investment agreement;

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<*> According to this Decree, the amounts of privileges and (or) preferences are understood as the amounts of taxes, fees (duties) and other obligatory payments to the republican and (or) local budgets and budgets of state extra-budgetary funds, including fees for the right to conclude a lease agreement of the land plot, rent for the land plot not paid (not fully paid) by the investor (s) and (or) organization due to their use of benefits and (or) preferences provided in connection with the conclusion of the investment agreement.

the investment agreement is drawn up in Belarusian or Russian.

If the party to the investment agreement is a foreign investor (s), the investment agreement may be drawn up in Belarusian or Russian, as well as in a foreign language by agreement of the parties.

In case of discrepancies in the interpretation of the investment agreement, preference is given to the text in Belarusian or Russian;

draft investment agreements are subject to mandatory legal due diligence carried out by: 

the legal service of the state body, executive committee, if the decision to conclude an investment agreement is made according to the second paragraph of the first part of subparagraph 1.2 of paragraph 1 of this Decree;

the Ministry of Justice, if a decision to conclude an investment agreement is made according to the third paragraph of the first part of subparagraph 1.2 of paragraph 1 of this Decree;

2.4. amendments and (or) additions to the investment agreement are made by concluding an additional agreement to the investment agreement in the manner specified for its conclusion.

If the introduction of changes and (or) additions to the investment agreement concluded according to the second paragraph of the first part of subparagraph 1.2 of paragraph 1 of this Decree is related to the provision to the investor (investors) and (or) organization of benefits and (or) preferences not established by this Decree, other legislative acts, it is required to submit a business plan for an investment project, conduct a comprehensive state examination of the investment project, as well as conduct a mandatory legal examination by the Ministry of Justice appraisals of the draft additional agreement on amendments and (or) additions to the investment agreement. These changes and (or) additions are made on the grounds of a decision of the Council of Ministers of the Republic of Belarus as agreed with the President of the Republic of Belarus;

2.5. investment agreements, additional agreements thereto are subject to state registration in the State Register of Investment Agreements with the Republic of Belarus, the procedure for which is determined by the Council of Ministers of the Republic of Belarus;

2.6. within five business days:

from the day of creation of the organization, the investor (investors) sends to the state body or executive committee, which concluded an investment agreement on behalf of the Republic of Belarus, a notification indicating the full name of the organization and its registration number in the Unified State Register of Legal Entities and Individual Entrepreneurs. If the organization is created earlier than the date of signing the investment agreement, its full name is indicated in the investment agreement;

from the day of the conclusion of a construction contract with a contractor in the construction activity engaged in the construction of facilities provided for by the investment contract (hereinafter referred to as the contractor), or the contract for design and survey work with the developer of the project documentation, the investor (s) or organization shall be sent to the state body or the executive committee who have entered into an investment agreement on behalf of the Republic of Belarus, a notice indicating the full name (for an individual entrepreneur - Amil, proper name, patronymic (if any) and the registration number in the Unified State Register of Legal Entities and Individual Entrepreneurs of the contractor or developer of project documentation;

2.7. copies of investment agreements, additional agreements thereto are to be submitted by the investor (investors) and organization to the tax authorities at the place of their registration within one month from the date of conclusion of the investment agreement or additional agreement thereto, respectively;

2.8. termination of the investment agreement is carried out by the decision of the Council of Ministers of the Republic of Belarus in agreement with the President of the Republic of Belarus or the state body, the executive committee that decided to conclude the investment agreement.

3. To establish that during the validity period of the investment contract, unless otherwise provided in the third paragraph of sub-clause 3.2 of this clause, the investor (s) and (or) organization:

3.1. have the right for:

providing without an auction for the right to conclude a land lease agreement, an auction with the conditions for the design and construction of capital structures (buildings, structures) and an auction for the sale of land in private ownership (hereinafter - the auction) of a land plot included in the list of plots for sale investment projects on property rights according to the law on the protection and use of land. The necessary documents for the allotment of the land plot are executed simultaneously with the construction work if there is an act of selecting the location of the land plot (if the land plot is seized and provided in conformity with the legislation, preliminary approval of the location is required) and the project documentation approved in the established manner construction (on separate stages of construction). At the same time, during the construction of facilities provided for by the investment agreement, the fertile soil layer is removed on the occupied land plots with its use on the conditions specified in the act of choosing the location of the land plot. The information contained in the lists of plots for the implementation of investment projects must be constantly maintained by local executive committees in an up-to-date state, be complete, reliable, open, accessible and include the goals for the possible use of these plots, their approximate areas, and also contain information about the state body or executive committee, which must be contacted to conclude an investment agreement. Besides, the list of sites for the implementation of investment projects may contain information about the investment object, including real estate subject to demolition, the availability of infrastructure for the plots, the minimum investment volume, possible benefits and (or) preferences to the investor (s) and (or) organization the timing of the investment project;

construction of facilities provided for by the investment agreement with the right to remove plant world objects without making compensation payments for the cost of plant objects being removed. The resulting wood is sold in the manner prescribed by law;

the implementation, in the manner prescribed by law, no later than the reporting period for value-added tax, which includes the end date of the investment project, as provided for in the investment agreement, in full deduction of the amount of value-added tax recognized according to the law as tax deductions (except tax amounts that are not deductible) presented <*> upon acquisition in the territory of the Republic of Belarus (paid upon import into the territory of the Republic of Belarus) of goods (works, services), property rights used for construction, equipping facilities provided for by the investment agreement, regardless of the amount of value-added tax calculated on the sale of goods (works, services), property rights. The goods used for the construction of facilities provided for by the investment agreement in order to the provisions of this paragraph include, but not limited to, reconstruction, restoration, the overhaul of which are provided for by the investment agreement and the construction, installation and other special work that has been started in conformity with the established procedure, as well as immovable property objects (uncompleted objects not completed by construction), demolished (dismantled) to implement the investment project. The amounts of value-added tax accepted for deduction in full are determined by the method of separate accounting of tax deductions depending on the directions of use of goods (works, services) acquired in the territory of the Republic of Belarus (imported into the Republic of Belarus), property rights. The basis for such a deduction is the list of goods (work, services), property rights acquired in the Republic of Belarus submitted by the investor (investors) and (or) organization to the tax authorities at the place of registration of the investor (investors) and (or) organization imported into the territory of the Republic of Belarus) and used for construction and equipment of facilities provided for by the investment agreement, indicating their name, quantity, value, and the corresponding amount of the value-added tax, the primary requisites of accounting documents (for the amounts paid value-added tax - also documents confirming the payment), the electronic invoices for the value-added tax. This list, unless otherwise specified by the President of the Republic of Belarus, must be agreed upon by the state body or the executive committee, which concluded an investment agreement on behalf of the Republic of Belarus. The procedure for coordination of this list is determined by the Council of Ministers of the Republic of Belarus;

determination without carrying out the procedures established by law, of the contractor or developer of project documentation, suppliers of goods, contractors for construction services, including reconstruction, objects provided for by the investment agreement. This right does not apply to public procurement of goods (works, services);

exemption from import customs duties (taking into account international obligations of the Republic of Belarus) and value-added tax levied by customs authorities when importing technological equipment, components and spare parts for it for exclusive use on the territory of the Republic of Belarus for the implementation of an investment project.

The basis for granting the privileges specified in paragraph six of part one of this subparagraph is the submission to the customs authority of a report issued, unless otherwise specified by the President of the Republic of Belarus, the state body or the executive committee, which concluded on behalf of the Republic of Belarus an investment agreement confirming the appointment of the imported (imported) technological equipment, components and spare parts for it for exclusive use on the territory of the Republic of Belarus for the implementation the Investment project, and for exemption from import duties and for the fulfillment of the conditions set by the international instruments which constitute the legal base of the Customs Union and Common Economic Space, and (or) acts constituting the right to the Eurasian Economic Union. The procedure for issuing this opinion is determined by the Council of Ministers of the Republic of Belarus.

As regards technological equipment, components and spare parts for it, imported using the exemption in conformity with paragraph six of part one of this subparagraph, restrictions on use and (or) order are valid until the end of the investment project implementation period, but not more than five years from the date of placement such technological equipment, components and spare parts for it under the appropriate customs procedure.

In case of misuse of the technological equipment, components and spare parts for it, imported using the exemption in conformity with paragraph six of the first part of this subparagraph, import customs duties and value-added tax shall be paid (collected) in conformity with the law;

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<*> Paid for:

individual entrepreneurs determining the moment of the actual sale of goods (works, services), property rights in conformity with paragraph 1 of Article 140 of the Tax Code of the Republic of Belarus;

amounts of value-added tax calculated on obligations in conformity with paragraph 1 of Article 114 of the Tax Code of the Republic of Belarus.

3.2. exempt from:

making a payment for the right to conclude a lease of a land plot leased without an auction for the construction of facilities provided for by the investment agreement;

land tax for land plots owned by the state or private, and rents for land plots owned by the state. At the same time, this benefit applies to land plots (except land plots (parts of the land plot) provided for temporary use and not timely returned, as well as unauthorized employees) provided for the construction of facilities provided for by the investment agreement (for servicing these facilities after completion of their construction, if such plots were previously provided for the said construction), from the first day of the month in which the investment agreement entered into force, by December of the year following the year in which the last of the objects provided for by the investment agreement is put into operation. Upon termination of the investment contract due to non-fulfillment or improper performance by the investor (s) of his obligations under this contract, the investor (s) and organization lose the right to this benefit from the date of such termination;

compensation for losses of agricultural and (or) forestry production associated with the seizure of land;

value-added tax and income tax, the obligation to pay which arises in connection with the gratuitous transfer (receipt) of capital structures (buildings, structures), isolated premises, objects of incomplete capital construction and other fixed assets that are transferred (already transferred) to implement an investment project within the framework of the investment agreement into the ownership, business or operational management of the investor (s) and (or) organization.

4. To establish that to implement an investment project within the framework of an investment agreement, the investor (investors) and (or) the organization, as well as the contractor and (or) the developer of the project documentation, have the right to:

4.1. exemption from payment of state duty for the issuance (extension of validity) of permits to attract foreign labor to the Republic of Belarus, special permits for the right to engage in labor activities in the Republic of Belarus, and foreign citizens nd stateless persons attracted by the investor (s), organization, contractor or by the developer of project documentation for the implementation of an investment project, - for exemption from payment of the state fee for the issuance (extension of validity) of permits a temporary residence in the Republic of Belarus. At the same time, the period for deciding on the issue (extension of validity) or refusal to issue (extension of validity) of special permits for the right to engage in labor activities in the Republic of Belarus regarding such foreign citizens and stateless persons may not exceed seven calendar days, and the deadline for granting conclusions on the possibility (impossibility) of attracting a foreign citizen, stateless person - two business days;

4.2. the allocation in the construction project of the stages of work with the construction of the object at the current stage simultaneously with the implementation of design work for the subsequent stages in the presence of an architectural project approved in due course.

5. The day the right to privileges and (or) preferences granted for implementing investment projects on the territory of the Republic of Belarus within the framework of investment agreements is the date of entry into force of the investment agreement or its supplementary agreement if the later term of validity of such benefits and (or) preferences are not provided for by the legislation by which they are established, or by an investment agreement or an additional agreement thereto.

The date of termination of the right to privileges and (or) preferences granted for implementing investment projects in the Republic of Belarus within the framework of investment agreements is the date of termination of the investment agreement unless an earlier term for the termination of such benefits and (or) preferences is provided for by legislation they are established either by an investment agreement or by an additional agreement to it. The establishment in the investment agreement of a later date for the termination of such benefits and (or) preferences is allowed in cases stipulated by law.

At the same time, privileges and (or) preferences for taxes, fees (duties) and other obligatory payments to the republican and (or) local budgets, budgets of state extra-budgetary funds are applied, and also cease to be applied from the date determined taking into account the requirements of the legislation, in conformity with which these taxes are charged, fees (duties) and payments, unless otherwise provided by the President of the Republic of Belarus.

6. To determine that:

6.1. in case of termination of the investment agreement on grounds other than the fulfillment by the investor (investors) and (or) organization of their obligations under the investment agreement, the investor (investors) and (or) organization are obliged to reimburse the Republic of Belarus and its administrative-territorial units for the number of benefits and (or ) preferences in the manner and terms established by the Council of Ministers of the Republic of Belarus, as well as to pay a penalty (fine, penalty) provided by the investment agreement, unless otherwise specified in paragraph 7 of this Decree. Claims for the reimbursement of the number of benefits and (or) preferences and the payment of forfeit (fine, penalty) cannot be presented to the investor (investors) and (or) organization that violated the terms and other conditions of the investment project in connection with illegal actions (inaction) of official persons of a state body or executive committee who have concluded an investment agreement on behalf of the Republic of Belarus, and (or) another state body (organization) in the absence of fault of the investor (investors) and (or) organization.

Upon termination of the investment agreement on grounds other than the fulfillment by the investor (investors) and (or) organization of their obligations under the investment agreement concerning  technological equipment, components and spare parts for it placed under the customs procedure:

release for domestic consumption using the exemption in conformity with paragraph six of part one of subparagraph 3.1 of paragraph 3 of this Decree, import duties and value-added tax are payable (provided that such technological equipment, components, and spare parts have not passed to it more than five years from the day they were placed under the appropriate customs procedure) on the day following the date of termination of the investment agreement, in the manner prescribed by law;

temporary import (admission) using the exemption in conformity with paragraph six of the first subparagraph 3.1 of paragraph 3 of this Decree, the right to such exemption is lost from the day following the day of termination of the investment agreement. The possession, use in the future of such technological equipment, components and spare parts thereto without paying import customs duties,  the value-added tax levied by the customs authorities, are considered as actions in violation of established restrictions on the use and (or) disposal of technological equipment, components and spare parts for it;

6.2. termination of the investment agreement due to non-performance or improper performance by the investor (s) and (or) organization of their obligations under this contract is the basis for the withdrawal from the investor and (or) organization in the manner prescribed by law of the land provided without an auction for construction objects provided for by the investment agreement;

6.3. in case of termination of the investment agreement on grounds other than the fulfillment by the investor (investors) and (or) organization of their obligations under the investment agreement, and the expiration of the lease of a land plot provided for the construction of facilities provided for by the investment agreement, at the request of the investor (investors) with which the investment contract was terminated, and (or) the organization to complete the construction of the facility, taking into account the degree of its construction readiness and assessing financial possibilities to her the investor (s) with whom the investment contract was terminated, and (or) the organization by the local executive committee in conformity with its competence to withdraw and provide land plots, a decision can be made to provide a land plot for rent without an auction with payment for the right to conclude land lease agreement and, unless otherwise established by the President of the Republic of Belarus, without providing an installment plan.

In case of termination of the investment contract due to non-performance or improper performance by the investor (s) and (or) organization of their obligations under this contract and withdrawal from the investor and (or) organization in the manner established by law, the land provided for the construction of facilities provided for an investment agreement on which unfinished facilities not completed by construction are located (expiration of the lease agreement for such a land plot), when The investor (s) with whom the investment agreement has been terminated and/or the organization of financial opportunities to complete the construction of the facility by the decision of the local executive committee in conformity with its competence to withdraw and provide land plots sells the unfinished construction of the unfinished facility from public tendering the procedure established by the Council of Ministers of the Republic of Belarus, simultaneously with the sale into private ownership of the land required for the purchase the decision to build and maintain this facility, or by selling the right to conclude a lease agreement for such a land plot, unless otherwise specified by the President of the Republic of Belarus.

In case of unsuccessful <*> or failed <**> tenders, the initial selling price at the tenders of an unfinished building not completed by construction may be reduced, unless otherwise established by the President of the Republic of Belarus:

20 percent after the first unsuccessful or failed auction, as well as the refusal of the sole participant to purchase the subject of bidding at an initial price, increased by 5 percent;

up to 50 percent inclusive after unsuccessful or failed auctions held in conformity with the second paragraph of this part, as well as the sole participant’s refusal to purchase the subject of bidding at the initial price increased by 5 percent;

up to 80 percent inclusive after unsuccessful or failed auctions held in conformity with the third paragraph of this part, as well as the sole participant’s refusal to purchase the subject of bidding at the initial price increased by 5 percent.

If tenders conducted in conformity with paragraph four of part three of this subparagraph were found to be ineffective or failed, as well as in case of refusal of the sole bidder to purchase the subject of bidding at an initial price increased by 5 percent, the specified object may be put up for auction with an initial price equal to one base value.

When selling an unfinished object not completed by construction, the local executive committee shall reimburse the investor (s) with whom the investment contract was terminated and (or) the organization the amount of documented expenses for the construction of the unfinished object not completed by the construction, but not more than the amount received from the sale of this object, less the costs of conducting public tenders, including the valuation of unfinished facilities not completed by construction.

If an unfinished object that was not completed by construction was not sold at the auction with an initial price equal to one base value, this object becomes the property of the corresponding administrative-territorial unit.

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<*> Non-productive bidding means bidding, as a result of which the property was not sold in the manner prescribed by law to any of the bidders.

<**> Failed tenders mean tenders that did not take place due to the absence of bidders or the presence of only one bidder.

7. In case of termination of the investment agreement on grounds other than the fulfillment by the investor (investors) and (or) organization of their obligations under the investment agreement, the investor (investors) and (or) organization, taking into account the degree of readiness of the object provided for by the investment agreement, the volume of investments and the fulfillment of other conditions of the investment agreement may be fully or partially exempted from:

reimbursement of the number of benefits and (or) preferences by the decision of the Council of Ministers of the Republic of Belarus as agreed with the President of   the Republic of Belarus;

payment of a penalty (fine, penalty) by the decision of a state body or executive committee that entered into an investment agreement on behalf of the Republic of Belarus, or by the decision of the Council of Ministers of the Republic of Belarus as agreed with the President of the Republic of Belarus, if the decision to conclude an investment agreement was made by the Council of Ministers of the Republic of Belarus by agreement with the President of the Republic of Belarus.

By decision of a state body or executive committee that entered into an investment agreement on behalf of the Republic of Belarus, or by decision of the Council of Ministers of the Republic of Belarus as agreed with the President of the Republic of Belarus, if the decision to conclude an investment agreement was made by the Council of Ministers of the Republic of Belarus in agreement with the President of the Republic of Belarus, the investor ( investors) and (or) the organization can also be provided with an installment plan (deferment) of reimbursement of the number of benefits and (or) preferences and (or) payment of a penalty (fine and penalties). If after the conclusion of the investment agreement on grounds of the decision of the state body or executive committee, the investor (s) and (or) organization were provided with additional benefits and (or) preferences by the decision of the Council of Ministers of the Republic of Belarus in agreement with the President of the Republic of Belarus, the decision on granting by installments ( deferrals) of reimbursement of the amounts of these benefits and (or) preferences is adopted by the Council of Ministers of the Republic of Belarus in agreement with the President of the Republic of Belarus.

The procedure for exemption of the investor (investors) and (or)  organization from reimbursement of benefits and (or) preferences, payment of forfeit (fine, penalty) and provision of installments (deferral) of payment of the specified payments are established by the Council of Ministers of the Republic of Belarus.

8. To determine that the state body, the executive committee, which concluded an investment agreement on behalf of the Republic of Belarus:

8.1. inform the tax authorities at the place of registration of the investor (investors) and (or) the organization, as well as the State Customs Committee (if the investor (investors) and (or) organization has been issued a statement confirming the purpose of the imported (imported) technological equipment, components and spare parts for it for exclusive use on the territory of the Republic of Belarus for the implementation of the investment project) on the completion of the investment project and (or) on the date of termination of the investment ion of the contract no later than ten working days from the date of the decision to terminate the investment agreement; 

8.2. interact with the investor (s) and (or) the organization on the implementation of the investment project in conformity with the investment agreement.

9. Provide the Council of Ministers of the Republic of Belarus or the republican government bodies authorized by it with the right to clarify the application of this Decree.

10. Monitoring compliance with the terms of investment agreements is carried out by the state body, the executive committee, which concluded an investment agreement on behalf of the Republic of Belarus, the Council of Ministers of the Republic of Belarus, the State Control Committee, and other state bodies in conformity with their competence defined by law.

President of the Republic of Belarus                                                                                                                                                                                             A. Lukashenko