Establishing a company in Belarus

Legal entity

Citizens of Belarus and foreigners who own a residence permit (to obtain it you must live in Belarus for more than 7 years), have the right to register an individual establishment

The enterprise does not have Articles of Association (as well as the Authorized Capital)

An individual enterprise bears responsibility to the parties to the transaction for financial obligations (for example, in case of bankruptcy, debts) with all its own property

Number of employees of an individual enterprise: no more than three employees

An individual enterprise has the right to be subject to the fixed tax regime, the general or simplified tax system : 5% of the total revenue without paying VAT or 3% of the total revenue with its payment

Office or legal address is not required

Legal personality

Only one person has the right to register an individual enterprise: a citizen of Belarus / foreigner or a Belarusian / foreign company

The law does not specify the minimum size of the share capital, so it is determined by the founder. It may consist of cash and non-cash contributions.

All registered property of the company is the property of the founder. The founder is liable to creditors only for financial obligations with this property.

If the number of employees of the company does not exceed 15 people, the founder has the right to be the company's accountant. Otherwise, it is necessary to hire an accountant or hire accounting services.

Number of employees: no more than 100 people (depending on the type of tax system )

A one - person company does not have the right to be subject to the general tax regime (18% - profit tax + 20% - VAT) or the simplified tax regime (5% of total revenues without paying VAT or 3% of total revenues with its payment);

It is necessary to have the legal address of the company

Office: residential or non-residential building (it is not allowed to perform work and provide services in residential buildings)

Legal personality

Citizens of Belarus and foreigners have the right to register LLC

The number of founders is from 1 to 50

The law does not specify the minimum size of the share capital, so it is determined by the founder. It may consist of cash and non-cash contributions

A legal entity, an individual enterprise or one of the founders may be a director of LLC

All registered property of the company is the property of the company

The founder(-s) is liable to creditors only for financial obligations with this property

The main advantage of LLC is the ease of withdrawing from the company while obtaining the actual value of your share or selling your share to others, as well as the ease of liquidation of the company

Number of employees: no more than 100 people (depending on the type of tax system)

A LLC does not have the right to be subject to the general tax regime (18% - tax on profits + 20% - VAT) or the simplified tax regime (5% of the total revenue without paying VAT or 3% of the total revenue with its payment) O

It is necessary to have the legal address of the company

Office: non-residential building

Legal personality

Citizens of Belarus and foreigners have the right to register an ALC

The number of founders is from 2 to 50

The law does not specify the minimum size of the share capital, so it is determined by the founders. It may consist of cash and non-cash contributions

All registered property of the company is the property of the company

If this property is insufficient to satisfy the claims of creditors, the founders will bear additional responsibility with their own property. The size of additional financial responsibility is specified in the company's Articles of Association upon registration and cannot be less than 50 fixed units of measurement ( for all founders in total. This volume is paid from the founders ' own property. This means that the creditor has the right to collect the company's debt from the founders, no more than the amount stipulated by the charter

Number of employees: no more than 100 people (depending on the type of tax system)

An additional liability company does not have the right to be subject to the general tax regime (18% - profit tax + 20% - VAT) or the simplified tax regime (5% of the total revenue without paying VAT or 3% of the total revenue with its payment)

It is necessary to have the legal address of the company

Office: non-residential building

Legal personality

Citizens of Belarus and foreigners have the right to register a Public Joint Stock Company

The number of founders is unlimited

ِAuthorized capital: its minimum size is 400 fixed units of measurement (about 4500 dollars) and it is divided into shares

Shareholders may sell their shares to third parties without the consent of other shareholders

All registered property of the company is the property of the company

Responsibility of the founders: they do not bear responsibility for the financial obligations of the company with their own property

It is necessary to have the legal address of the company

Office: non-residential building

Legal personality

Citizens of Belarus and foreigners have the right to register a Closed Joint Stock Company

Number of founders: from 1 to 50 people

Authorized capital: its minimum size is 100 fixed units of measurement (about 1100 dollars) and it is divided into shares

Shareholders may not sell their shares to third parties without the consent of other shareholders. Shares may be inherited

All registered property of the company is the property of the company

Responsibility of the founders: they do not bear responsibility for the financial obligations of the company with their own property

It is necessary to have the legal address of the company

Office: non-residential building