How to establish a company in Belarus
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Transcript of How to establish a company in Belarus
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How to set up a company in Belarus
A presentation brought to You by BridgeWest.eu
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Types of Companies in Belarus
• Limited Liability Company • Open Joint Stock Company • Closed Joint Stock Company • General Partnership • Limited Partnership • Individual entrepreneur
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Limited Liability Company
• This type of company can be established by two or more partners
• The partners must provide a minimum share capital split into shares
• The partners are liable to company's debts and obligations only to the extent of their contributions
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Open Joint Stock Company
• This type of company can be set up by two or more shareholders
• The shareholders must provide a minimum share capital divided into shares nominated in the company charter
• The shareholders are not responsible for company's losses and debts with their personal assets
• The company can be enlisted in the trade market
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Closed Joint Stock Company
• The company can be registered by at least two members
• The liability of the members is set to their contributions
• The partners cannot sell their shares to the public
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General Partnership
• This type of company can be established by at least two partners
• The company do not require a minimum share capital to be established
• The members are general• The partners share the partnership's profit
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Limited Partnership
• The company do not require a minimum share capital to be established
• At least one partner is general and one is limited
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Individual entrepreneur
• This company does not have to assume a legal entity status
• This company implies having maximum three employees and full liability for the owner.
• There is no distinction made between the owner and the company.
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Steps for company formation in Belarus
• Providing a unique name for the company• Receiving a certificate of authenticity from
the Ministry of Justice • Providing a set of identification documents• Drafting the registration documents • Opening a bank account• Submitting the company registration
documents with the State Registry
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Necessary documentation and information
• providing passport copies of the shareholders and directors
• setting-up a bank account for the injection of the share capital
• providing at least 50% of the share capital• submitting the company registration file with
the State Registry
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Requirements for Company Formation in Belarus
• Any person of any nationality or residence can be a shareholder in a Belarusian company
• The Board of Directors can be comprised of at least two members
• The company must hold a local registered office
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Services Provided for Company Registration in Belarus
• drafting the Articles of Association
• offering a Registered Office in Belarus
• setting up a share capital bank account
• recommending a Belarusian accountant
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Thank you for your attention
Please contact us for more information [email protected]
www.bridgewest.eu/company-formation-Belarus
Ph./Fax: (+44)203-287 0408