Companies operating in the territory of the Republic of Belarus are required to have an open bank account in Belarus. A current account can be issued both independently and by contacting specialized companies offering a service to support opening an account with a bank.

How to Open a Bank Account in Belarus

Opening a bank account in Belarus involves understanding both legal and regulatory steps. Start by choosing the right bank and gathering necessary documents, such as proof of identity, residency, and employment. Adhering to Belarusian banking regulations is crucial, and additional verification may be required. Our experienced legal team will assist you throughout the process, ensuring compliance and helping you navigate any challenges efficiently, saving you time and minimizing risks.

Both resident and non-resident legal entities have the ability to open different types of bank accounts in Belarus. This applies to local companies as well as international businesses looking to operate in the country. Organizations can choose from a variety of banking services, such as corporate accounts, settlement accounts, and foreign currency accounts, to meet their operational needs. With our legal support, we help companies of all origins navigate Belarusian banking regulations, ensuring a smooth and efficient account-opening process.

Opening Bank Accounts for Foreign Residents

Foreign residents have the opportunity to open bank accounts in Belarus, granting them access to various financial services. Whether for business or personal use, foreign individuals and companies can set up accounts to manage finances, facilitate transactions, and participate in local financial activities. To complete this process, foreign residents must meet specific legal and documentation requirements. Our team of legal experts offers full support, ensuring compliance with Belarusian banking laws and making the account-opening process seamless and straightforward.

To open an account, a non-resident must provide:

• application for opening an account (filled out directly at the bank);
• copies of documents proving the legal status of the company in accordance with the laws of the country where the non-resident is established (these may be copies of the charter, memorandum of association or other documents);
• extract from the trade register of the country of incorporation of a non-resident, certificate of registration of the organization or other copies of documents confirming the registration of a legal entity;
• documents confirming the powers of persons to manage the account (protocols, decisions, orders, contracts);
• a card with specimen signatures of persons authorized to manage the account and the seal of the account holder (issued at the bank);
• identity document – for an individual applying to the bank on behalf of a legal entity.

All documents required to open an account must be translated into one of the state languages ​​(Belarusian or Russian), in which the translator’s signature, as well as a card with sample signatures, and copies of the identification card must be certified by a notary. All documents must be certified with the Apostille stamp.

Foreign residents can open a bank account in Belarus by presenting the required identification documents and adhering to the local legal regulations.

• Required Documents: To open an account, foreign individuals must submit their passport, residence permit, or refugee certificate as valid proof of identity.
• Translation of Documents: If the identification document is in a foreign language, it must be accompanied by a notarized translation into Russian or Belarusian, verifying the accuracy of the translation and the authenticity of the translator’s signature.

Opening a Bank Account for a Business Entity

To open a bank account for a business entity in Belarus, the necessary paperwork must be submitted, including an application and proof of the company’s legal registration.

• Required Documents for a Business Entity: The appointed representative needs to provide the bank with the application form, a copy of the director’s passport, the company’s registration certificate, its charter, a specimen signature card, and documents that validate the authorized signatories’ authority.
• Additional Documentation: While these documents are usually sufficient, it’s advisable to verify any extra requirements directly with the bank before submitting the application.