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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

Legal form:

LLC, JSC

Delivery:

5 days

Price: $

3000

Payment methods:

payment methods.webp

Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

Abbreviation

Country

Belarus

Email

Phone

Listing
Open website
UK comapny formation (1).webp

About

Belarus

Capital
Official languages
Population 
Currency

ISO 4217

Minsk

Belarusian

9.45 million

Belarusian Ruble

BYR

FAQ

Q: What types of companies can be formed in Belarus?

A: The most common types of companies that can be formed in Belarus are limited liability companies, joint-stock companies, and representative offices of foreign companies.


Q: What are the requirements for registering a company in Belarus?

A: The requirements for registering a company in Belarus include at least one founder, a registered office address in Belarus, a company name that complies with local laws, and payment of the relevant registration fees.


Q: How long does it take to register a company in Belarus?

A: The registration process for a company in Belarus can take approximately 5-7 days.


Q: What are the documents required to register a company in Belarus?

A: The documents required include the company's Articles of Association, details of the company's founders, a registered office address, and payment of the relevant registration fees.


Q: Can foreigners own a company in Belarus?

A: Yes, foreigners can own and operate a company in Belarus.


Q: What are the tax implications of forming a company in Belarus?

A: Companies in Belarus are subject to corporate income tax, which is currently set at a rate of 18%. There are also various incentives and exemptions available to companies that qualify.


Q: What are the ongoing compliance requirements for a company in Belarus?

A: Companies in Belarus are required to file annual tax returns, maintain accurate financial records, and comply with various reporting and disclosure requirements. There may also be industry-specific regulations and compliance requirements.


Q: Can I use my Belarusian company to do business outside of Belarus?

A: Yes, you can use your Belarusian company to conduct business anywhere in the world, as long as you comply with the relevant laws and regulations in those jurisdictions. However, you may need to obtain additional licenses and permits to operate in certain countries.

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

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Extra services

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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

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