Expand Your Business Horizons in Belarus with Ambylegal’s Expert LLC Registration Services.
What is an LLC?
LLC stands for Limited Liability Company. It’s a type of business that combines the best parts of a sole proprietorship or partnership with the protection of a corporation. One of the biggest benefits of an LLC is limited liability. This means your personal belongings are generally safe from business debts. Another advantage is tax flexibility. LLCs can choose how they are taxed, which is helpful depending on your situation. LLCs are also easier to manage than corporations, as they have fewer rules. Finally, with an LLC, your profits and losses go directly to your personal tax return. This helps you avoid paying taxes twice.
Registration of LLC in Belarus on a turnkey basis?
Need a hassle-free LLC setup in Minsk? Our turnkey service offers comprehensive support, from initial consultation to post-registration compliance. We handle all legal formalities, including drafting articles of association, obtaining necessary permits, and registering your company with the Belarusian tax authorities. Our experienced team ensures timely completion and adherence to local regulations, allowing you to focus on your business operations.
Which foreigners can register a company in Belarus?
Belarus welcomes foreign investment and allows various categories of foreigners to register companies. These include:
- Foreign individuals: Individuals from any country can establish a company in Belarus, subject to certain conditions and requirements.
- Foreign legal entities: Corporations, limited liability companies, and other foreign business entities are also eligible to register companies in Belarus.
- International organizations: Certain international organizations may be permitted to establish representative offices or subsidiaries in Belarus.
It’s important to note that specific requirements and restrictions may vary depending on the type of company being registered and the nationality of the foreign investor. Consulting with a local legal professional can provide tailored advice and ensure compliance with Belarusian laws.
What taxation systems are available for LLCs?
LLCs have a unique advantage when it comes to taxation. They offer flexibility, allowing owners to choose between different tax structures. Here are the primary options:
- Pass-Through Taxation: Sole Proprietorship: If an LLC has a single member, it can be taxed as a sole proprietorship. Profits and losses are reported on the owner’s personal income tax return.
- Partnership: If an LLC has multiple members, it can be taxed as a partnership. Profits and losses are allocated to the partners based on their ownership interests, and each partner reports their share on their individual tax return.
- C Corporation: An LLC can elect to be taxed as a C corporation. This structure separates the entity from its owners, resulting in double taxation. The corporation pays corporate income tax, and then shareholders pay personal income tax on dividends. This option is often chosen by larger businesses or those seeking specific tax benefits.
- S Corporation: An LLC can also elect to be taxed as an S corporation. This structure offers pass-through taxation without the limitations of a sole proprietorship or partnership. It allows for up to 100 shareholders and can be used by various business types.
Our Services
Business Terms for a Limited Liability Company (LLC)
Founders
An LLC can be formed by 1 to 50 founders, providing flexibility for various business structures.
Legal Address
The legal address of an LLC can be a non-residential premises, such as an office space or a virtual address.
Taxation
LLCs in Belarus have the option of choosing between the simplified taxation system or the general taxation system, depending on their specific circumstances and business activities.
Authorized Fund
There is no minimum requirement for the authorized fund of an LLC in Belarus. It can be as low as 1 BYN, making it accessible to entrepreneurs with limited capital.
Employee Hiring
LLCs have no restrictions on hiring employees, allowing them to scale their operations and meet their workforce needs.
Liability
An LLC is not responsible for its founders’ personal debts. However, if a founder doesn’t fulfill their obligations, their share in the LLC can be taken.
Who can be a founder of a legal entity?
Opening Process for a Legal Entity
Why us
Comprehensive Approach
We offer a holistic approach, covering all aspects of the registration process from name approval to post-registration compliance.
Turnkey Service
Our turnkey solution takes care of every detail, ensuring a seamless and efficient experience for you.
Competence
Our team of experienced professionals has a deep understanding of Belarusian law and regulations, guaranteeing accurate and reliable services.
Client-Oriented
We prioritize your needs and provide personalized support throughout the registration process.
Foreign Citizen Expertise
We specialize in assisting foreign citizens and entities in establishing businesses in Belarus.
Proven Experience
Benefit from our extensive experience in company formation and our track record of successful registrations.
FAQ
The timeframe for opening an LLC in Belarus can vary depending on several factors, including the completeness of the required documents, the efficiency of the registering authority, and any potential delays in the review process.
Generally, the entire process can be completed within 2-3 weeks. However, it’s important to note that unforeseen circumstances or additional requirements may extend the timeline.
To expedite the process, it’s advisable to ensure that all necessary documents are prepared accurately and submitted in a timely manner. Working with a local legal professional can also help streamline the process and address any potential challenges.
Belarus offers several attractive benefits for foreign investors seeking to establish businesses within its borders:
- Favorable Tax Regime: Belarus provides competitive tax rates and incentives for foreign investors, making it a cost-effective location for business operations.
- Skilled Workforce: Belarus boasts a well-educated and skilled workforce, available at competitive wages.
- Government Support: The Belarusian government offers various forms of support to foreign investors, including tax breaks, grants, and preferential access to certain sectors.
- Simplified Procedures: The government has streamlined the process of setting up a business in Belarus, making it more efficient and accessible for foreign investors.
- Access to Eurasian Markets: Belarus’ membership in the Eurasian Economic Union (EAEU) provides opportunities for foreign investors to access a vast market of over 180 million consumers.
Yes, a foreign citizen can be a director of a legal entity in Belarus. This is a common practice, especially for foreign-owned companies or joint ventures.
There are generally no specific restrictions on foreign citizenship for directors, but it’s essential to comply with any relevant immigration regulations and obtain necessary work permits or visas if required.
Yes, a foreigner can obtain a temporary residence permit in Belarus based on establishing a company or being a director of a legal entity. This is one of the common grounds for obtaining a temporary residence permit in Belarus. If you meet the requirements, such as having a valid business registration, sufficient funds to support yourself, and no criminal record, you can apply for a temporary residence permit.
Contact us
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LawyerLegal assistance is provided by advocate Anton Grinewich, Specialized Legal Bar No. 2 in Minsk.
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E-mail
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AddressOffice: 1 Krasnaya str., Minsk, Republic of Belarus Postal address: 1 Krasnaya str., Minsk, Republic of Belarus
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Working hoursMonday-Friday 9:00-19:00
