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What is a legal entity in Belarus?

Belarus, a dynamic market with a rich heritage, offers numerous opportunities for businesses. A legal entity in Belarus is a formal organization recognized by the government. It’s a legal structure that allows individuals or groups to conduct business activities. There are several types of legal entities in Belarus, each with its own advantages and disadvantages.

Choosing the right legal entity is crucial for ensuring compliance with local regulations and protecting your business interests. When considering your options, carefully evaluate factors such as the nature of your business, ownership structure, and desired level of liability protection. Consulting with a local legal expert can provide tailored advice and help you select the most suitable legal entity for your specific needs.

Self-Employed vs Individual Entrepreneur vs Legal Entity

Self-employed individuals work independently, often providing services directly to clients. They are responsible for all aspects of their business, including taxes and legal compliance.

Individual entrepreneurs are similar but may have a more formal business structure. They often own their business outright and are personally liable for its debts and obligations.

Legal entities are separate legal persons, such as corporations or limited liability companies. They offer liability protection and allow for multiple owners. While self-employed and individual entrepreneurs have simpler structures, legal entities provide greater protection and flexibility for businesses.

We can help you do everything on a turnkey basis

We can help you do everything on a turnkey basis. Need a smooth and hassle-free company registration process? Our expert team can handle everything from start to finish. We’ll guide you through the necessary steps, prepare the required documents, and assist with government filings. With our turnkey approach, you can focus on building your business while we take care of the administrative details. Trust us to ensure a seamless and efficient company registration experience.

Our team of experienced professionals is well-versed in the complexities of Belarusian company registration. We have a proven track record of successfully guiding clients through the process, ensuring compliance with local regulations and minimizing potential risks. By partnering with us, you can benefit from our expertise, efficiency, and personalized service.

Our Services in Belarus

Expert Consultation

Benefit from our in-depth knowledge and guidance at every stage of the registration process. Our team will provide personalized support, ensuring you navigate the complexities with ease.

Name Approval

Let us handle the task of securing a suitable and available name for your legal entity. We’ll work diligently to find a name that aligns with your business goals.

Document Preparation

Our experts will meticulously prepare all the necessary documents required for your company registration. We’ll ensure accuracy and compliance with local regulations, saving you time and effort.

Bank Account Assistance

We’ll guide you through the process of opening a current account for your legal entity. Our support will help streamline the process and ensure a smooth transition.

Seal Acquisition

Obtaining a seal is a crucial step in establishing your legal entity. We’ll assist you in obtaining the necessary seal, ensuring compliance with local requirements.

Management Company Services

If you need ongoing support for your company’s management, our management company services can provide valuable assistance. We can handle tasks such as accounting, administration, and regulatory compliance.

Our Services for Setting Up Legal Entities

Representative Office Registration

Establish a presence in Belarus without fully incorporating. Our services ensure a smooth and efficient process.

CJSC Registration

OJSC Registration

Incorporate an Open Joint-Stock Company (OJSC) for public ownership and wider investor base.

LLC Registration

Form a Limited Liability Company (LLC) for a flexible and efficient business structure.

Unitary Enterprise Registration

Establish a unitary enterprise for a simplified business model with a single owner.

IT Company Registration

Benefit from specialized support for registering an IT company in Belarus, including tax incentives and regulatory compliance.

Individuals Ineligible to Open a Legal Entity

Liquidated Entity Involvement

Co-owners of previously liquidated companies.

Failed Business Association

Founders and managers of liquidated or bankrupt entities.

Outstanding Debts

Individuals with unresolved financial obligations.

Financial Crimes

Those convicted of financial crimes.

State Debts

Former managers and founders with outstanding debts to the government.

Company Registration Process

Name Approval

Choose a unique and available name for your legal entity.

Legal Address Selection

Determine a suitable location for your company’s registered office.

Activity Code Selection

Specify the primary and secondary activities your company will engage in.

Articles of Association Preparation

Draft a legal document outlining the company’s structure, ownership, and operations.

Application Form Completion

Fill out the required application form for registration.

State Tax Payment

Pay the necessary state fees associated with the registration process.

Document Submission

Submit the completed application form and supporting documents to the registration authority.

Seal Creation

Obtain a seal for your legal entity to authenticate official documents.

Tax Authority Submission

Bank Account Opening

Open a current account for your company’s financial transactions.

EDS/GUSSUOC Acquisition

Obtain an electronic digital signature (EDS) or GUSSUOC to conduct online transactions and interact with government agencies.

Why Choose Us

Turnkey Solutions

We handle the entire registration process, ensuring a seamless and efficient experience.

Confidentiality

Your business information is treated with the utmost confidentiality.

Professional Accountants

Benefit from the expertise of our skilled accountants

Legal Knowledge

Our team is well-versed in both local and international laws.

Timely Completion

We are committed to delivering results within agreed-upon timelines.

Global Business Solutions

We offer tailored services to support foreign businesses entering the Belarusian market.

FAQ

How to Open a Company in Belarus?

To open a company in Belarus, you’ll need to choose a legal structure, select a name and address, prepare necessary documents, submit them to the registrar, obtain a seal, register with tax authorities, open a bank account, and get an electronic digital signature.

What Documents and Where to Submit Them?

To register a legal entity in Belarus, you’ll need to submit specific documents. The exact requirements may vary based on your company’s legal form (LLC, ZAO, OJSC, etc.). Typically, you’ll need an application for state registration, constituent documents, a decision to create the entity, identity documents of the founders, and a receipt of state duty payment. These documents should be submitted to the Unified State Registrar.

When Will the Decision to Issue a Permit to Open a Company Be Made?

The registration process for a legal entity in Belarus typically takes 5 business days from the submission of all required documents. However, in some cases, this timeframe may be extended.

Cases in Which It Will Not Be Possible to Open a Legal Entity

There are several grounds for refusal to register a legal entity. Some common reasons include:

Inaccurate information in the application or submitted documents
Violations of the law in the preparation of constituent documents
Use of prohibited words or phrases in the company name
Insufficient capital contribution from the founders

Can I Open a Legal Entity on My Own?

You can register a legal entity in Belarus yourself, but it can be complicated. There are many nuances that might be unfamiliar to those without experience. Hiring professionals can save you time, help avoid mistakes, and provide comprehensive support for the entire registration process, including opening a bank account and registering with tax authorities. If you choose to do it yourself, we recommend studying Belarusian law or consulting with a lawyer.

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Lawyer

Legal assistance is provided by advocate Anton Grinewich, Specialized Legal Bar No. 2 in Minsk.
E-mail

info@ambylegal.by
Address

Office: 1 Krasnaya str., Minsk, Republic of Belarus Postal address: 1 Krasnaya str., Minsk, Republic of Belarus
Working hours

Monday-Friday 9:00-19:00

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