Belarus is moving forward with plans to introduce a Citizenship-by-Investment (CBI) program aimed at attracting foreign capital as the country faces economic pressure and continued international isolation. Lawmakers are reviewing amendments to the 2002 citizenship law that would create preferential naturalization pathways for qualifying investors, with full program details still under development.
1. Belarus Advances Citizenship-by-Investment Legislation
Belarusian lawmakers are reviewing draft amendments to the country’s 2002 citizenship law that would create preferential pathways to citizenship for foreign investors. The proposal, discussed in parliament and expert council meetings, aims to attract external capital, although key details such as minimum investment thresholds and eligibility criteria remain undisclosed at this stage.
2. Economic Pressures Driving the Proposal
The CBI initiative is positioned as a response to slowing economic growth and ongoing Western sanctions. With GDP growth projected to decline to 1.3% in 2026 and inflation remaining elevated, Belarus is seeking alternative funding sources to support its economy, which is increasingly dependent on trade rerouted through Russia.
3. Program Structure and Safeguards Under Discussion
Officials emphasize that the proposed changes are intended to strengthen the economy while preventing abuse. While broadly supported, the draft law has raised concerns among council members regarding implementation mechanisms. Specific investment conditions are expected to be regulated through presidential decrees rather than detailed in the primary legislation.
4. Timeline and Investor Requirements
According to industry experts, the CBI proposal has been under development since March 2025 and may receive parliamentary approval within three to six months, pointing to a possible mid-to-late 2026 launch. Language requirements and exemptions are still under debate, with potential testing for adult applicants similar to existing investor residency programs.
5. Strategic Value Through Russia and the EAEU
Belarusian citizenship carries added appeal due to the country’s integration with Russia and membership in the EAEU. Citizenship grants permanent residence rights in Russia and freedom of movement across EAEU states, offering access to a large single market. Combined with Belarus’s low cost of living and regional connectivity, the proposed CBI program could be an attractive option for global investors.
Summary
The proposed CBI framework reflects Belarus’s effort to offset slowing GDP growth, persistent inflation, and the impact of Western sanctions by encouraging external investment. Although investment thresholds, language requirements, and eligibility criteria remain confidential, officials expect the program to launch in mid-to-late 2026. Belarusian citizenship could offer significant strategic value due to permanent residence rights in Russia, visa-free mobility across EAEU member states, and access to a large integrated market, making the program potentially attractive to global investors.
Summary
The proposed CBI framework reflects Belarus’s effort to offset slowing GDP growth, persistent inflation, and the impact of Western sanctions by encouraging external investment. Although investment thresholds, language requirements, and eligibility criteria remain confidential, officials expect the program to launch in mid-to-late 2026. Belarusian citizenship could offer significant strategic value due to permanent residence rights in Russia, visa-free mobility across EAEU member states, and access to a large integrated market, making the program potentially attractive to global investors.
