Any individual, regardless of nationality, can be appointed as a director of a company in Belarus, including companies with foreign participation. There are no specific restrictions based on citizenship or residency. However, certain practical considerations may apply to work permit, tax residency, company structure. It’s essential to consult with legal and tax professionals to ensure full compliance with Belarusian regulations and to optimize the company structure based on the specific needs and circumstances of the foreign investors.

The tax burden on a legal entity registered by foreigners in Belarus depends largely on two primary factors:

1. Taxation System:

• Simplified Taxation System (STS): This system offers lower tax rates but with certain limitations. The tax rate varies based on whether the company is a VAT payer or not.
• General Taxation System (GTS): This system involves a more complex tax structure with multiple taxes.

2. Specific Activities:

The nature of the company’s activities will determine additional taxes, such as:

• Value Added Tax (VAT): Applicable to most goods and services.
• Excise Tax: Imposed on specific goods like alcohol, tobacco, and fuel.
• Land Tax: Based on the land area owned or leased by the company.
• Property Tax: Applicable to real estate owned by the company.
• Environmental Taxes: Depending on the company’s impact on the environment.

Besides, companies with employees are subject to social security contributions, income tax withholding, and other related taxes. Dividends paid to foreign shareholders might be subject to withholding tax. Belarus has tax treaties with several countries, which can reduce the tax burden for foreign investors.

Belarus has a relatively complex tax system, but the core taxes for most legal entities include:

• Income Tax (Profit Tax): This is the primary tax levied on a company’s profits.
• Value Added Tax (VAT): A consumption tax applied to most goods and services.
• Social Security Contributions: These cover payments for pension, disability, and unemployment benefits for employees.
• Real Estate Tax: Based on the value of the property owned by the company.
• Land Tax: Applicable to land owned or leased by the company.

Depending on circumstances, there may be some additional taxes such as excise tax, environmental tax, dividend tax.

Foreigners starting businesses in Belarus enjoy several advantages. They have equal rights as Belarusian citizens, can benefit from simplified registration processes, and have access to a skilled workforce. Special economic zones offer additional perks like tax breaks, customs benefits, and streamlined bureaucracy. For larger investments, tailored benefits can be negotiated through investment agreements.

Yes, a foreign citizen can be a director of a legal entity in most jurisdictions. There are typically no restrictions based on nationality regarding who can hold a director position within a company.

However, there might be specific requirements related to residency, work permits, or tax implications depending on the country where the company is registered.

Yes, a foreigner can obtain a temporary residence permit in Belarus based on the establishment of a company or by serving as a director.

This is one of the grounds for obtaining a temporary residence permit. You’ll need to meet specific requirements, including providing documents about your company, demonstrating financial stability, and having a place to live in Belarus.

It’s important to note that the process involves specific procedures and documentation, so consulting with an immigration lawyer or a business consultant familiar with Belarusian regulations is advisable.