The registration procedure itself doesn’t change much when there are two or three founders instead of one. You get a founders’ meeting protocol instead of a single decision, and more documents to collect. That’s roughly it.
Where things actually get complicated is before any of that — in the conversations between partners that need to happen before a lawyer opens a blank document. How shares are split. Who has the final say? What happens when one founder decides to leave. It’s easy to say “we’ll sort it out later”. In practice, that’s where disputes come from, usually a year or two in. Better to put it all in the charter now.
Between 2 and 50. Individuals — residents and non-residents of Belarus — as well as Belarusian and foreign legal entities, in any combination. The one restriction: a single-member LLC cannot be the sole founder of a new LLC.
In practice, two or three founders is the most common setup. More participants means more moving parts when decisions need to be made — not because the law requires it, but because that’s how people work.
These are the conversations partners need to have before asking a lawyer to draft the charter. Not after — before.
Share distribution
Shares are expressed as percentages or fractions. There’s no minimum size — one founder can hold 1%, another 99%. By default, share size determines both voting rights and profit entitlement, proportionally. If partners want a different arrangement — say, profits split equally despite unequal shares — that has to be written explicitly into the charter. Without that clause, the default rule applies.
Share capital and contributions
The minimum share capital for an LLC in Belarus is one base unit. In practice, founders usually set it higher, especially if the company will have real operating activity. Before registration: agree on who contributes what, in what form, and by when. Property contributions require a valuation.
Who will be the director
The director is appointed by the founders and acts on behalf of the company without a power of attorney. It can be one of the founders or a hired person. A non-resident can serve as director — there are no restrictions. Worth thinking through in advance though: if the director is abroad, signing Belarusian documents will require some logistical planning.
How decisions are made
By default, voting is proportional to shares. The charter can change this: certain matters can require unanimity or a qualified majority — two-thirds, three-quarters, whatever the founders agree on. Unanimity is commonly required for major transactions, pledging assets, amending the charter, or admitting a new participant.
What happens when someone wants to leave
A participant has the right to exit — their share transfers to the company, and they receive its actual value. The details — timelines, how the value is assessed, whether the remaining founders have a preferential right to buy the share first — are much easier to agree on now, before anyone has actually decided to go. Trying to negotiate these conditions after one partner has already made up their mind is a different conversation entirely.
Standard package — same as for a sole founder
For each non-resident founder (individual)
If a founder is a foreign legal entity
With multiple founders, instead of a simple one-page establishment decision, you get a founders’ meeting protocol. It records everything at once: the decision to establish the LLC, approval of the charter, share distribution, appointment of the director, share capital amount, and the timeline for contributions.
All founders sign. If one of them is a foreign legal entity, its authorised representative signs under a power of attorney. If that power of attorney was issued abroad, it needs to be legalised — the same way as the other corporate documents.
What to Cover in the Charter
A practical list of what’s worth working through with a lawyer — not as a theoretical exercise, but for the specific situation:
All of this can be handled through the charter. The only question is whether partners sort it out upfront — or deal with the consequences later.
No. Each founder issues a notarised power of attorney to a local representative, who signs the protocol and submits the documents. This is standard practice, particularly when founders are based in different countries.
One thing to plan for: the powers of attorney need to be prepared before the process starts, while each founder is still accessible to a notary in their own country. If a founder is a foreign legal entity, its representative’s power of attorney needs legalisation just like the other corporate documents. More detail on that process is on our document legalisation page.
State registration itself takes one to three business days once a complete document package is submitted. Gathering documents when there are multiple non-resident founders takes two to five weeks, accounting for legalisation and translation. The packages can be collected in parallel — but only if everyone starts at the same time.
After registration, opening a corporate bank account takes one to three business days in most banks. Occasionally longer if the bank requests additional information about the company’s planned activities.
Yes, without restrictions. A mix of residents and non-residents is a standard situation. Each non-resident founder simply prepares their own document package with legalisation and certified translation.
Yes. There’s no minimum share size. That said, a 1% stake gives very limited influence over company decisions — unless the charter specifically provides otherwise for that participant.
By default, the other participants have a pre-emptive right to buy the share at the offered price. How and within what timeframe that right can be exercised is best set out in the charter in advance — the law provides a framework, but the specifics are left to the founders to agree on.
The registration itself doesn’t require notarisation of the founding documents. A notary is needed for powers of attorney — when founders act through representatives — and for legalising foreign documents where required.
Yes. Participants can sell shares, exit the LLC, and new participants can be admitted. Each change is documented separately and registered with the Unified State Register. The charter should define the procedure for these transactions in advance — otherwise every change requires ad hoc negotiation.
As a default rule, the share passes to the heirs. But the charter can restrict this — for example, requiring the consent of the remaining founders before a share passes to an heir. Without such a clause, heirs automatically become participants in the LLC.
By default, proportionally to shares. If partners want a different ratio, it has to be written explicitly into the charter. The decision to distribute profit is made at a general meeting of participants.
An LLC with multiple founders is a straightforward structure. The complexity isn’t in the registration — it’s in making sure the partners’ agreement is properly documented before the company starts operating. A charter written for your specific situation isn’t a luxury; it’s basic corporate hygiene. If you’d like to work through the structure and documents with a lawyer, get in touch.
Belarus has been through a difficult period for its IT sector. After 2022, some companies relocated and some specialists left. This is worth stating openly — it’s a real factor to weigh when making a decision. But the picture isn’t one-dimensional, and for specific business situations Belarus remains a strong choice. Here’s what’s actually happening. […]
