Individual entrepreneurs (IE) must adapt to changes in the requirements for doing business in Belarus. On October 1, 2024, provisions came into force that limit the list of activities permitted for IE. This means that IE whose activities go beyond the approved list must either cease operations or transform into a LLC by December 31, […]
Enterprise reorganisation is a complex but often necessary process that allows a company to adapt to market changes, improve management efficiency and optimise business processes. Organisations are forced to look for new ways to strengthen their positions in modern globalisation and high competition conditions. Mergers, acquisitions, divestitures, and other forms of reorganisation can become a […]
Legal Entities vs Individual Entrepreneurs vs Self-Employed In modern business, there are many forms of doing business, each with its own characteristics, advantages, and disadvantages. Among them are legal entities, individual entrepreneurs (sole proprietors), and the self-employed. These categories differ not only in legal status but also in tax obligations, business opportunities, and the legal […]
New company name approval The procedure for approving the names of commercial and non-commercial organizations, as well as the requirements for the names of these organizations, have the established procedure and are regulated by the following regulatory legal acts: Decree of the Council of Ministers of the Republic of Belarus dated February 5, 2009 No. […]
Increase in authorized capital What is a statutory fund? They are material wealth and money that are invested by the founders in their company. The authorized capital forms the value of fixed and current assets of the company. It may be necessary to increase the authorized capital, for example, due to the replenishment of current […]
Statutory fund in Belarus: size, formation rules, decrease and increase The authorized capital of a legal entity determines the minimum size of its property, guaranteeing the interests of its creditors, and is formed when a legal entity is created. A commercial organization independently determines the size of the authorized capital, with the exception of joint-stock […]
Executive body of a legal entity: individual entrepreneur, director or management company The supreme governing body of a commercial organization is the general meeting of participants; if there is only one participant, then it exercises control. Other management bodies include: the board of directors (aka supervisory board) and the executive body. It is the executive […]
Registration of a representative office of a foreign company: step-by-step instruction The representative office of a foreign organization is a separate division of a foreign organization located in the Republic of Belarus. Representation of a foreign organization is not a legal entity, but only protects and represents the interests of a foreign organization and other […]
