PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of April 22, 2014 No. 175

About duty-free shops

For the purpose of streamlining of activities of duty-free shops and enhancement of procedure for their functioning I decide:

1. Prohibit alienation of shares (share in authorized funds) of legal entities of the Republic of Belarus in whose property there are capital structures (buildings, constructions) located at check points through Frontier of the Republic of Belarus and used or held for use as duty-free shops, except for:

1.1. alienations of such shares (share in authorized funds) in property of the Republic of Belarus;

1.2. transition of the property right to these shares (share in authorized funds) in connection with the death of the member of the legal entity of the Republic of Belarus. At the same time shares (share in authorized funds) are subject to renewal on the heirs who inherited them, and in case of lack of those carry over the Republic of Belarus;

1.3. alienations of such shares to the specified legal entities for reduction of their authorized funds;

1.4. other cases according to the decision of the President of the Republic of Belarus.

2. Determine that:

2.1. inclusion of the legal entity applying for implementation of activities in the field of customs affairs as the owner of duty-free shop *, located at the road check point through Frontier of the Republic of Belarus or the check point through Frontier of the Republic of Belarus at the railway station (station) in the register of owners of duty-free shops (further, unless otherwise specified, - the register) is performed in case of observance of the following conditions:

the legal entity is created according to the legislation of the Republic of Belarus with the location in the Republic of Belarus;

the property of the legal entity is in state-owned property or if other is not established by the President of the Republic of Belarus, at least 49 percent of shares (share in authorized fund) of this legal entity belong to the Republic of Belarus;

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* Except for the duty-free shop specified in subitem 2.2 of this Item.

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