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Company Formation Belarus

Updated on Wednesday 10th October 2018

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BridgeWest, a team of experienced agents in European and offshore incorporation cases, provides company formation in Belarus. Our assistance includes:

> drafting the Articles of Association (necessary for the company incorporation in Belarus); The Articles of Association can be signed through Power of Attorney, therefore the physical presence of the shareholders and directors is not required.

> drafting all other documents required for opening a company in Belarus. These documents are: Specimen Signatures, Affidavits, Special Forms provided by the Belarusian Trade Register.

> arranging Public Notary procedures (if the foreign shareholders visit the country) and/or certified translations (if the shareholders will provide the required documents via postal mail).

> setting up a bank account for the company opened in Belarus. This refers both to an initial share capital account as well as a current bank account after the company is formed.

> recommending a Belarusian accountant; Accountancy services are recommended for any new business registration in Belarus.

BridgeWest, a European and offshore company formation agent, can provide assistance for the formation of the following types of companies:

> Belarusian Limited Liability Company - This entity is the most common company type used in Belarus. It is designated for small to medium-sized businesses, implying a rather simple incorporation process. The company can be established by two or more individuals who provide a charter capital split into shares. There is no requirement with respect to the amount of the statutory capital. The amount is of a nominal value and the shares are listed in the foundation documents. The members of a limited liability company are liable for the company's debts and obligations only to the extent of their contributions.

> Belarusian Open Joint Stock Company - A Joint Stock company can be established by two or more founders. They must provide a share capital divided into shares nominated in the company charter. Shareholders of this company type are not held responsible for the losses and debts of the JSC with their personal assets, having a liability limited to their contribution. Shareholders of a JSC do not have to seek the consent of fellow shareholders in order to sell their shares and are able to enlist in a trade market.

> Belarusian Closed Joint Stock Company - The closed JSC is an ordinary JSC, being established by two or more founders who provide together a share capital, receiving shares with a nominal value. Their liability is set by their contribution, not being held responsible for their personal assets to the company's debts and obligations. The main difference resides in the fact that shareholders may not sell their shares to the public without securing the consent of fellow shareholders.

> Belarusian Branch, Subsidiary or Representative Office Any foreign company is able to set up branch entities in Belarus. These can be set up as separate entities from the parent company Belarusian companies having the foreign company as shareholder) or extensions of the parent-company in Belarus.

BridgeWest is also able to offer ready-made Belarusian companies and VAT registration. 

Please contact our onshore and offshore company formation experts for more information and prices regarding opening a company in Belarus.



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