In Belarus, legal entities must open a current account to carry out their business operations. There are no limits on the number of accounts a business can maintain, providing flexibility in managing finances. Opening a current account is a vital step for businesses to facilitate seamless financial transactions, including those in the IT sector. Our team of legal experts provides detailed guidance through every stage of the account-opening process, ensuring compliance with all applicable regulations, allowing you to focus on expanding your business.

Opening Bank Accounts for Non-Residents

Non-residents can open bank accounts in Belarus, providing access to a wide range of financial services. Whether for personal or business purposes, foreign individuals and companies can establish accounts to handle their finances, conduct transactions, and engage in local financial activities. To complete the process, non-residents must fulfill specific legal and documentation requirements. Our team of legal professionals offers comprehensive support, ensuring full compliance with Belarusian banking regulations, making the account setup process smooth and efficient.

• Provide Necessary Documentation: To open a business account in Belarus, submit essential paperwork, including the company registration certificate and completed application forms.


• Required Documents for a Legal Entity: The authorized representative must provide the bank with a signed application, the director’s passport, company registration details, company charter, a signature specimen card, and documents confirming the rights of authorized signatories.


• Check for Additional Requirements: Although these documents are usually sufficient, it’s recommended to double-check with the bank for any additional specific requirements before submitting the application.

• Required Documents for Foreign Entities: Businesses from abroad looking to open a bank account in Belarus must provide an application along with documents that verify their legal establishment and registration status.


• Corporate Documentation: Companies must submit foundational documents, such as the company’s charter, articles of incorporation, or other legal paperwork confirming their operational status in the country of origin.


• Proof of Registration: Foreign businesses must present an official document, such as a commercial registry extract or a certificate of incorporation, to verify their registration in their home country.


• Authorized Signatory: The application must be signed by a company representative with the necessary authority, accompanied by supporting documents that confirm their ability to manage the account.


• Specimen Signature Form: A signature specimen form must be completed at the bank, along with the company’s official seal or stamp to finalize the process.

In the Republic of Belarus, a bank account can be opened by both a citizen of Belarus and a foreign citizen (even those who do not have a residence permit in Belarus). Opening an account for a foreigner in Belarus takes a little longer than for a citizen of Belarus. The reason for this is a slightly stricter compliance and the need to translate documents into Russian/Belarusian. You can read more about opening an account for individuals in Belarus here.

Corporate bank account in Belarus

In the Republic of Belarus, a bank account can be opened by either a local company or a foreign one. Opening an account for a foreign company in Belarus takes longer than for a local one. The reason for this is stricter compliance and the need to legalize documents. You can read more about opening an account for companies and legal entities in Belarus here.