top of page

The country is under sanctions by the United Nation’s Security Council and/or the UK Government. Currently B2B Hub is not providing legal and financial services for the present country.

Belarus

Delivery:

Price: $

Payment methods:

payment methods.webp
UK comapny formation (1).webp

About

Belarus

Capital
Official languages
Population 
Currency

ISO 4217

Minsk

Belarusian

9.45 million

Belarusian Ruble

BYR

Document checklist:

Process

Economy

Belarus has a strong and growing economy, with a GDP of $77.2 billion in 2019. This is a 4.2% increase from 2018, and the country is expected to continue to grow in the coming years. The country has a low unemployment rate of just 0.9%, and a high labor force participation rate of 74.2%. The average monthly salary in Belarus is $541, and the inflation rate is 4.2%. The country has a strong industrial sector, with manufacturing accounting for 28.2% of GDP. The agricultural sector is also important, accounting for 8.2% of GDP. The country has a strong export market, with exports totaling $25.2 billion in 2019. The main exports are petroleum products, machinery, and chemicals. Belarus also has a strong tourism industry, with over 4 million tourists visiting the country in 2019. Overall, Belarus has a strong and growing economy, with a bright future ahead.

Taxation

Belarus has a progressive income tax system for individuals, with tax rates ranging from 9% to 33%. For corporations, the standard corporate income tax rate is 18%. There is also a value-added tax (VAT) of 20% on most goods and services, with some exceptions.


Personal Income Tax:


The personal income tax in Belarus is progressive and levied on a person's total income from all sources. The tax rates are as follows:


- 9% on income up to BYN 29,000 (approximately USD 11,000)

- 13% on income between BYN 29,000 and BYN 123,000 (approximately USD 47,000)

- 15% on income over BYN 123,000


Corporate Income Tax:


The standard corporate income tax rate in Belarus is 18%, which applies to all types of businesses, including limited liability companies, joint-stock companies, and partnerships. Companies are required to file tax returns on an annual basis and pay their taxes by the end of March of the following year.


Value Added Tax:


The value-added tax (VAT) in Belarus is 20%. VAT is levied on most goods and services, with some exemptions and reduced rates for certain categories of goods, such as food, medical supplies, and books.


Tax Calendar and Payments:


In Belarus, the tax year is the same as the calendar year, and the tax return is due by March 31 of the following year. Advance payments of corporate income tax are due on a quarterly basis, and the final payment is due with the annual tax return.


Late payment of taxes in Belarus incurs penalties and interest charges.

Company incorporation application form

Representative

Chosen company name

Main business activity

Legal address of director

Extra services

Submit ✉

Your inquiry has been submitted. Thank You!

We will contact you shortly…

PDF application form

B2B hub provides fillable PDF application forms, you can simply save the filled form and send us by email clicking here  reg@b2bhub.uk or live chat

bottom of page