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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
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
Register a Closed Joint-Stock Company (CJSC) for greater control and limited liability.
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
Company Registration Process
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
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.
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.
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.
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
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.
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
