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flag Belarus Belarus: Operating a Business

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
Joint Venture
 
USD 20,000 		2 companies (a foreign and a Byelorussian company)
 
Depends on the status of the joint venture
100% foreign capital Company
 
USD 20,000 		No minimum.
 
Liability is limited to the amount contributed.
 
The Competent Organization
Ministry of Finance and The National Investment Agency
 
Setting Up a Company Belarus Eastern Europe & Central Asia
Procedures (number) 5.0 6.3
Time (days) 5.0 16.3

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Belarus.
 Trade Register

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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

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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%

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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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Learn more about Operating a Business in Belarus on Globaltrade.net, the Directory for International Trade Services.
 

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Last Updates: January 2012