COMPANY FORMATION IN BELARUS

“Free economic zone” sounds like a tax-free playground: set up in the zone, leave taxes behind, job done. Belarus’s six free economic zones — Brest, Gomel-Raton, Minsk, Vitebsk, Mogilev and Grodnoinvest, one in each regional centre — do offer substantial incentives: a profit-tax holiday followed by a reduced rate, exemption from real-estate and land tax, […]

A foreign investor who wants Belarusian real estate — an office, a warehouse, a rental building — usually assumes they will simply buy it in their own name. In Belarus that is often not the clean route, for a reason most people do not expect: foreign persons cannot own land here. Under the Code on […]

Many foreign owners assume the hard part ended once the company was set up, and that everything after that — replacing the director, adjusting the charter, bringing in or buying out a shareholder — is an internal decision you simply make and move on. In Belarus, that assumption is the core mistake. Most of these […]