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180-day visa-free travel for China-Belarus industrial park’s potential investors, residents
MINSK, 23 May (BelTA) – Potential investors and residents of the China-Belarus industrial park Great Stone will be able to visit Belarus without visas for 180 days per calendar year. The relevant measures are stipulated by Belarus president decree No.166, BelTA learned from Kirill Koroteyev, First Deputy Director General of SZAO Industrial Park Development Company.
“Due to peculiarities of the project, the project’s international status, and its novelty for Belarus the park needs a large number of foreign specialists with experience of implementing similar projects in other countries, specialists, who speak foreign languages as well as native speakers. This is why the presidential decree introduces visa-free travel options for representatives of potential investors and residents. They will be able to stay in the country for 180 days per calendar year,” noted Kirill Koroteyev.
The decree also allows foreign companies to hire migrant workers. “The regulation is necessary for foreign general contractors as they build park facilities at the expense of preferential-rate Chinese loans. Mandatory Chinese components in such construction projects are required by the loan contracts,” explained Kirill Koroteyev.
The document allows registering foreign workers in their place of residence or stay, including the temporary accommodations built specifically for such construction projects. The measure is supposed to optimize costs involved in using foreign workforce for construction projects, which are financed using tied loans.
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