Belarus
FITA helps you find
service providers for:
service providers for:
Operating a Business in Belarus
Setting up a company | Working conditions | Cost of labor | Social partners
Setting up a company
Legal business entities
| Types of companies and capital (max/min) | Number of partners/shareholders and liability | Registration fees |
|
Joint Venture
|
2 companies (a foreign and a Byelorussian company)
|
Notarize documents and pay a registry fee: BYR 432,600. Business registration with the State Registry: BYR 175,000. Prepare a business seal: BYR 50,000. Obtain duplicates of company tax identification for opening bank account: BYR 35,000. Notarize signature card and seal: BYR 70,000. |
|
100% foreign capital Company
|
No minimum.
|
Notarize documents and pay a registry fee: BYR 432,600. Business registration with the State Registry: BYR 175,000. Prepare a business seal: BYR 50,000. Obtain duplicates of company tax identification for opening bank account: BYR 35,000. Notarize signature card and seal: BYR 70,000. |
- Business setup procedures
-
Registration of a joint venture:
A joint venture can be set up once the contract between the foreign partner and the Byelorussian company has been signed. An approval for the setting up of the head office is required. The competent body in Minsk is Minskgorispolkom which requires to present certain documents. - The competent organization
- Ministry of Finance and The National Investment Agency
Working conditions
- Legal weekly duration
- 40 hours
- Retirement age
- 55 years for women and 60 years for men
- Working contracts
- Most of contracts are fixed-term contracts but there are also indeterminate contracts
Cost of labor
- Minimum wage
- 150,000 rubles (USD70)
- Average wage
- Average monthly gross earnings in Belarus is BYR 1,033,315 (USD 365).
- Social contributions
-
Social security contributions paid by employers: From 1% to 35% according to the profession
Social security contributions paid by employees: 1%
Social partners
- Social dialogue and involvement of social partners
- Some trade unions: the BFTU (The Belarussian Free Trade Union), the BCDTU (The Congress of Democratic Trade Unions).
- Unions
-
BFTU (the Belarusian Free Trade Union)
- Labor regulation bodies
-
Ministry of Labour and Social Protection
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Last updates: October 2009