{"id":4529,"date":"2026-06-03T14:40:46","date_gmt":"2026-06-03T11:40:46","guid":{"rendered":"https:\/\/opencompanyinbelarus.com\/?p=4529"},"modified":"2026-06-08T16:31:34","modified_gmt":"2026-06-08T13:31:34","slug":"selling-belarusian-subsidiary-foreign-owner","status":"publish","type":"post","link":"https:\/\/opencompanyinbelarus.com\/eng\/news\/selling-belarusian-subsidiary-foreign-owner","title":{"rendered":"Selling Your Belarusian Subsidiary as a Foreign Owner: Share Sale Mechanics"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<div class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/div>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/opencompanyinbelarus.com\/eng\/news\/selling-belarusian-subsidiary-foreign-owner\/#The_first_question_isnt_%E2%80%9Chow%E2%80%9D_%E2%80%94_its_%E2%80%9Care_you_allowed%E2%80%9D\" >The first question isn&#8217;t &#8220;how&#8221; \u2014 it&#8217;s &#8220;are you allowed?&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/opencompanyinbelarus.com\/eng\/news\/selling-belarusian-subsidiary-foreign-owner\/#What_youre_actually_selling_two_different_processes\" >What you&#8217;re actually selling: two different processes<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/opencompanyinbelarus.com\/eng\/news\/selling-belarusian-subsidiary-foreign-owner\/#An_LLC_participation_interest_a_%E2%80%9Cshare%E2%80%9D_in_the_charter_capital\" >An LLC participation interest (a &#8220;share&#8221; in the charter capital)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/opencompanyinbelarus.com\/eng\/news\/selling-belarusian-subsidiary-foreign-owner\/#Shares_in_a_joint-stock_company\" >Shares in a joint-stock company<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/opencompanyinbelarus.com\/eng\/news\/selling-belarusian-subsidiary-foreign-owner\/#The_mechanics_every_sale_shares\" >The mechanics every sale shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/opencompanyinbelarus.com\/eng\/news\/selling-belarusian-subsidiary-foreign-owner\/#The_tax_bill_capital_gains_plus_the_relief_thats_been_switched_off\" >The tax bill: capital gains, plus the relief that&#8217;s been switched off<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/opencompanyinbelarus.com\/eng\/news\/selling-belarusian-subsidiary-foreign-owner\/#The_deal_step_by_step\" >The deal, step by step<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/opencompanyinbelarus.com\/eng\/news\/selling-belarusian-subsidiary-foreign-owner\/#Dont_skip_due_diligence\" >Don&#8217;t skip due diligence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/opencompanyinbelarus.com\/eng\/news\/selling-belarusian-subsidiary-foreign-owner\/#So_what_does_your_exit_realistically_look_like\" >So what does your exit realistically look like?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/opencompanyinbelarus.com\/eng\/news\/selling-belarusian-subsidiary-foreign-owner\/#Frequently_Asked_Questions\" >Frequently Asked Questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/opencompanyinbelarus.com\/eng\/news\/selling-belarusian-subsidiary-foreign-owner\/#Plan_the_exit_before_you_agree_the_deal\" >Plan the exit before you agree the deal<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\">You set up a <a href=\"https:\/\/opencompanyinbelarus.com\/eng\/pages\/subsidiary-registration-in-belarus\">Belarusian subsidiary<\/a> a few years ago, and now \u2014 for whatever reason \u2014 you want out. On paper, selling your stake looks like any other share deal: agree a price, sign the contract, update the register. In today&#8217;s Belarus, that picture is misleading, and acting on it can leave you with a deal that has no legal effect at all.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Before any of the familiar mechanics matter, there&#8217;s a gate to get through. This guide walks the whole route in order: first the question that decides whether you can sell at all, then what you&#8217;re actually selling, the mechanics every sale shares, the tax, and the step-by-step sequence. The aim is to show you where the real obstacles sit \u2014 and what a lawful exit looks like.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_first_question_isnt_%E2%80%9Chow%E2%80%9D_%E2%80%94_its_%E2%80%9Care_you_allowed%E2%80%9D\"><\/span><strong>The first question isn&#8217;t &#8220;how&#8221; \u2014 it&#8217;s &#8220;are you allowed?&#8221;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Start here, because it overrides everything else. In October 2023, Edict No. 326 amended the earlier Edict No. 93 of March 2022 and, from 22 October 2023, made one thing the centre of any foreign exit: sellers from countries Belarus treats as &#8220;unfriendly&#8221; can no longer freely dispose of what they own. As the <a href=\"https:\/\/economy.gov.by\/ru\/comments-ru\/view\/informatsija-k-ukazu-prezidenta-ot-19-oktjabrja-2023-g-326-48263\/\">Ministry of Economy&#8217;s own commentary<\/a> puts it, the State now runs a unified system of control over the alienation of shares, participation interests and real estate by persons from unfriendly states \u2014 through individual permissions granted as Government decisions, conditioned on the seller paying a budget contribution of at least 25% of the market value of what is being sold.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Three features of this regime matter for your planning. It is broad: the earlier approach kept a government list of specific companies, and Edict No. 326 scrapped that list, so the restriction now reaches essentially every Belarusian legal entity with an unfriendly-state owner. It is not just about selling: withdrawing from the company as a participant, and reorganising it, are caught by the same permission requirement. And the &#8220;unfriendly&#8221; net is wide \u2014 all 27 EU member states, plus the United Kingdom, the United States, Canada, Norway, Switzerland, Australia, Iceland, Liechtenstein, Montenegro, New Zealand, North Macedonia and Albania.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The permission itself runs through a defined procedure \u2014 Council of Ministers Resolution No. 27 of 12 January 2024 sets out how permits are issued \u2014 and the headline cost is that 25% payment to the budget, on top of any tax. Skip it and the consequence is blunt: a transaction made in breach of these rules is <strong>void<\/strong>. Not penalised, not delayed \u2014 void, with no legal effect. That single fact is why the order of operations in a Belarusian exit matters more than almost anywhere else.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_youre_actually_selling_two_different_processes\"><\/span><strong>What you&#8217;re actually selling: two different processes<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Assuming you&#8217;ve established that you can sell, the next question is what form your subsidiary takes, because an LLC and a joint-stock company are sold in genuinely different ways.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"An_LLC_participation_interest_a_%E2%80%9Cshare%E2%80%9D_in_the_charter_capital\"><\/span><strong>An LLC participation interest (a &#8220;share&#8221; in the charter capital)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Most foreign-owned subsidiaries are <a href=\"https:\/\/opencompanyinbelarus.com\/eng\/pages\/open-llc-in-belarus\">limited liability companies<\/a>, and what you hold is a participation interest in the charter capital \u2014 not a security. You can&#8217;t simply hand it to a buyer. You first have to notify the company and the other participants of your intention to sell, with the price and terms, because they hold a pre-emptive right to buy it ahead of any outsider, in proportion to their own interests. Only if they decline can you sell to a third party \u2014 and then only on the same price and terms you offered them.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shares_in_a_joint-stock_company\"><\/span><strong>Shares in a joint-stock company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If your subsidiary is a <a href=\"https:\/\/opencompanyinbelarus.com\/eng\/pages\/open-cjsc-in-belarus\">joint-stock company<\/a>, you&#8217;re dealing with securities, and the process is more formal. Shares are governed by the Law on the Securities Market and move through the depository system, with the transfer handled by a professional participant rather than a simple contract. A closed joint-stock company carries pre-emptive rights much like an LLC. And there&#8217;s a sting specific to foreign owners: shares held in the account of an owner from an unfriendly state are restricted from trading, which can complicate the transfer before the permission question is even resolved.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/opencompanyinbelarus.com\/wp-content\/uploads\/2026\/06\/meeting-colleagues-business-partners-brainstorm-discuss-strategy-analysis-investment-scenarios-planning-new-business-projects-1024x683.jpg\" alt=\"\" class=\"wp-image-4532\" srcset=\"https:\/\/opencompanyinbelarus.com\/wp-content\/uploads\/2026\/06\/meeting-colleagues-business-partners-brainstorm-discuss-strategy-analysis-investment-scenarios-planning-new-business-projects-1024x683.jpg 1024w, https:\/\/opencompanyinbelarus.com\/wp-content\/uploads\/2026\/06\/meeting-colleagues-business-partners-brainstorm-discuss-strategy-analysis-investment-scenarios-planning-new-business-projects-300x200.jpg 300w, https:\/\/opencompanyinbelarus.com\/wp-content\/uploads\/2026\/06\/meeting-colleagues-business-partners-brainstorm-discuss-strategy-analysis-investment-scenarios-planning-new-business-projects-768x512.jpg 768w, https:\/\/opencompanyinbelarus.com\/wp-content\/uploads\/2026\/06\/meeting-colleagues-business-partners-brainstorm-discuss-strategy-analysis-investment-scenarios-planning-new-business-projects-1536x1024.jpg 1536w, https:\/\/opencompanyinbelarus.com\/wp-content\/uploads\/2026\/06\/meeting-colleagues-business-partners-brainstorm-discuss-strategy-analysis-investment-scenarios-planning-new-business-projects-2048x1365.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_mechanics_every_sale_shares\"><\/span><strong>The mechanics every sale shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Whatever the structure, a handful of steps recur, and each is a place where deals go wrong.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Pre-emptive rights, in writing. The other participants&#8217; or shareholders&#8217; refusal to buy has to be documented. An oral &#8220;go ahead&#8221; is worth nothing if the deal is later challenged, and a participant whose pre-emptive right was ignored can ask a court to transfer the buyer&#8217;s position to themselves.<\/li>\n\n\n\n<li>Charter restrictions. The charter may require the consent of the other participants, or restrict sales to outsiders altogether. Read it before you negotiate, not after.<\/li>\n\n\n\n<li>Form of the agreement. The contract must be in writing; depending on the charter and the current rules it may need notarisation, and where notarisation is required, skipping it can void the transfer. Treat this as a point to confirm for your specific company.<\/li>\n\n\n\n<li>Spousal consent. If an individual seller is married, the spouse&#8217;s consent is generally needed, or the sale can be attacked later.<\/li>\n\n\n\n<li>Registration. After the deal, the change in the company&#8217;s participants is registered in the Unified State Register, and the charter is updated to match.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Because you&#8217;re a foreign party, two more things apply across the board: your corporate documents will need apostille or consular <a href=\"https:\/\/opencompanyinbelarus.com\/eng\/pages\/documents-legalization-apostille\">legalisation and translation into Russian<\/a>, and the payment has to comply with Belarusian currency-control rules \u2014 which is worth lining up with your <a href=\"https:\/\/opencompanyinbelarus.com\/eng\/pages\/bank-account\">bank<\/a> before completion, not after.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_tax_bill_capital_gains_plus_the_relief_thats_been_switched_off\"><\/span><strong>The tax bill: capital gains, plus the relief that&#8217;s been switched off<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Selling at a gain has a tax cost, and for foreign sellers it recently got heavier. The domestic rule is a withholding tax of 12% on the capital gain a non-resident realizes from selling shares in a Belarusian company \u2014 broadly, the difference between what you receive and what the stake costs you. Historically a double-tax treaty often reduced or removed that charge. Not anymore for unfriendly-state sellers: since 1 June 2024, Belarus has <a href=\"https:\/\/www.irs.gov\/businesses\/international-businesses\/belarus-tax-treaty-documents\">suspended the treaty provisions on dividends, interest and capital gains<\/a> for the same group of unfriendly states, through to the end of 2026, so the domestic rate applies with no treaty discount.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Put the pieces together and the message is simple: budget for both the 25% permission payment and the tax on the gain, because they are separate costs that land on the same transaction. For the wider context of how Belarus is treating foreign-owned business right now, the U.S. <a href=\"https:\/\/www.state.gov\/reports\/2025-investment-climate-statements\/belarus\">Investment Climate Statement for Belarus<\/a> is a useful neutral read. Run the numbers with an accountant early \u2014 our <a href=\"https:\/\/opencompanyinbelarus.com\/eng\/pages\/accounting-services-in-belarus\">accounting team<\/a> can help model what an exit actually nets you.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_deal_step_by_step\"><\/span><strong>The deal, step by step<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In practice, a clean foreign exit moves through a recognisable sequence:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Due diligence on the company, so the buyer knows what they&#8217;re getting and the seller can show a clean set of documents.<\/li>\n\n\n\n<li>Valuation \u2014 and where a permit is required, by a state-certified appraiser, since the 25% payment is keyed to assessed market value.<\/li>\n\n\n\n<li>The share purchase agreement, with price, payment mechanics, and the seller&#8217;s confirmations that there are no restrictions blocking the sale.<\/li>\n\n\n\n<li>Corporate approvals and pre-emptive-right waivers, in writing.<\/li>\n\n\n\n<li>The Council of Ministers permit application and the 25% budget payment, if the unfriendly-state regime applies. The framework for the <a href=\"https:\/\/minjust.gov.by\/directions\/unified_state_register\/state_registration_liquidation\/\">registration of these changes<\/a> sits with the Ministry of Justice.<\/li>\n\n\n\n<li>Payment through channels that satisfy currency control.<\/li>\n\n\n\n<li>Registration of the new ownership in the <a href=\"http:\/\/egr.gov.by\/egrn\/index.jsp?content=BusinessEntitiesReg\">Unified State Register<\/a>, and, where the deal is large enough, antimonopoly clearance from MART (confirm whether the thresholds are met).<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dont_skip_due_diligence\"><\/span><strong>Don&#8217;t skip due diligence<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">It&#8217;s tempting, in a hurry to exit, to treat diligence as the buyer&#8217;s problem. It isn&#8217;t only theirs. Undisclosed debts, tax arrears, and mismatches between the charter and the register are exactly what derail completion or come back as claims afterward. A clean, well-documented company sells faster and for more \u2014 and a <a href=\"https:\/\/opencompanyinbelarus.com\/eng\/pages\/official-company-check-in-belarus\">counterparty check<\/a> cuts both ways, protecting buyer and seller alike.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"So_what_does_your_exit_realistically_look_like\"><\/span><strong>So what does your exit realistically look like?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Strip it back to your own position:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>An unfriendly-state parent (EU, UK, US and the rest): <\/strong>plan around the permission, the 25% payment, and the suspended treaty relief. The deal is doable, but it costs time and money \u2014 model both before you commit to a buyer or a date.<\/li>\n\n\n\n<li><strong>A parent from a neutral or friendly jurisdiction: <\/strong>closer to an ordinary share sale, with the standard pre-emptive-rights, form, and registration steps \u2014 but the tax position still needs checking.<\/li>\n\n\n\n<li><strong>A distressed or low-value exit: <\/strong>sometimes winding the company down is cleaner and cheaper than selling it. It&#8217;s worth weighing liquidation against a sale rather than assuming a sale is the only door out.<\/li>\n<\/ul>\n\n\n<section class=\"hfaq\">\n    <div class=\"hfaq__container\">\n        <div class=\"hfaq__wrapper\">\n\t\t\t            <h2 class=\"hfaq__title title title-lg\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\t\t\t            <div class=\"hfaq__items\">\n\t\t\t\t                    <div class=\"accordion\">\n                        <div class=\"accordion__head\">Can a foreign owner from the EU, US or UK still sell a Belarusian company?<\/div>\n                        <div class=\"accordion__body\">\n                            <div class=\"accordion__inner\"><p>Yes, but generally only with permission. If you are a resident of a country Belarus treats as &#8220;unfriendly&#8221; \u2014 which includes all EU states, the UK, the US, Canada, Norway and Switzerland \u2014 selling your shares or participation interest requires a special permit from the Council of Ministers, and a payment to the budget of at least 25% of the market value. Without that permission, the sale is void.<\/p>\n<\/div>\n                        <\/div>\n                    <\/div>\n\t\t\t\t                    <div class=\"accordion\">\n                        <div class=\"accordion__head\">What is the 25% payment when selling shares in Belarus?<\/div>\n                        <div class=\"accordion__body\">\n                            <div class=\"accordion__inner\"><p>It is a contribution to the local budget that an unfriendly-state seller must pay to obtain permission for the deal \u2014 at least 25% of the market value of the shares being sold, assessed by a state-certified appraiser. It is separate from any tax on the gain, so the two costs stack.<\/p>\n<\/div>\n                        <\/div>\n                    <\/div>\n\t\t\t\t                    <div class=\"accordion\">\n                        <div class=\"accordion__head\">Do I have to notarise the sale of an LLC stake?<\/div>\n                        <div class=\"accordion__body\">\n                            <div class=\"accordion__inner\"><p>The agreement must be in writing, and depending on the company&#8217;s charter and the current rules it may need to be notarised \u2014 and where notarisation applies, skipping it can make the transfer void. Because sources differ on exactly when it is mandatory, confirm the position for your specific company before signing rather than assuming.<\/p>\n<\/div>\n                        <\/div>\n                    <\/div>\n\t\t\t\t                    <div class=\"accordion\">\n                        <div class=\"accordion__head\">How is the sale taxed for a non-resident seller?<\/div>\n                        <div class=\"accordion__body\">\n                            <div class=\"accordion__inner\"><p>Belarus levies a withholding tax of 12% on the capital gain a non-resident makes from selling shares in a Belarusian company. The treaty relief that used to reduce or remove this has, for sellers from unfriendly states, been suspended until the end of 2026, so the domestic rate applies.<\/p>\n<\/div>\n                        <\/div>\n                    <\/div>\n\t\t\t\t                    <div class=\"accordion\">\n                        <div class=\"accordion__head\">Can I just withdraw from the company instead of selling my stake?<\/div>\n                        <div class=\"accordion__body\">\n                            <div class=\"accordion__inner\"><p>Withdrawal is caught by the same regime. For an owner from an unfriendly state, withdrawing from a Belarusian company \u2014 like selling or reorganising it \u2014 also requires Council of Ministers permission, so it is not a way around the rules.<\/p>\n<\/div>\n                        <\/div>\n                    <\/div>\n\t\t\t\t                    <div class=\"accordion\">\n                        <div class=\"accordion__head\">What happens if I sell without the required permission?<\/div>\n                        <div class=\"accordion__body\">\n                            <div class=\"accordion__inner\"><p>The transaction is void. That is not a fine you pay and move on from \u2014 the deal has no legal effect, the register will not reflect a clean transfer, and you can be left worse off than before. This is the single most important reason to get the sequence right.<\/p>\n<\/div>\n                        <\/div>\n                    <\/div>\n\t\t\t\t                    <div class=\"accordion\">\n                        <div class=\"accordion__head\">How long does the whole process take?<\/div>\n                        <div class=\"accordion__body\">\n                            <div class=\"accordion__inner\"><p>It varies widely. A straightforward sale between aligned parties can move in weeks; a sale that needs a state valuation, a Council of Ministers permit, and antimonopoly clearance can take months. Build the permission timeline into your plans from the start.<\/p>\n<\/div>\n                        <\/div>\n                    <\/div>\n\t\t\t\t            <\/div>\n        <\/div>\n    <\/div>\n    <script>\n        document.querySelector( '.hfaq__items' ).addEventListener( 'click', function ( e ) {\n            if ( e.target.classList.contains( 'accordion__head' ) ) {\n                let root = e.target.closest( '.accordion' );\n                let body = e.target.nextElementSibling;\n\n                if ( body.style.maxHeight ) {\n                    body.style.maxHeight = null;\n                    root.classList.remove( 'accordion--expanded' );\n                }\n                else {\n                    body.style.maxHeight = body.scrollHeight + 'px';\n                    root.classList.add( 'accordion--expanded' );\n                }\n            }\n        } );\n\n        document.querySelectorAll( '.hfaq' ).forEach( node => node.querySelector( '.accordion__head' ).click() );\n    <\/script>\n<\/section>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Plan_the_exit_before_you_agree_the_deal\"><\/span><strong>Plan the exit before you agree the deal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Selling a Belarusian subsidiary as a foreign owner is less about the share-transfer paperwork and more about the permission and the costs that sit in front of it. Get the sequence right and the exit is orderly; get it wrong and you can end up with a void deal and a tax bill for nothing.If you&#8217;re weighing an exit, the most valuable first step is a clear read on whether you need a permit, what the 25% and the tax will cost you, and how long it will take. <a href=\"https:\/\/opencompanyinbelarus.com\/eng\/contacts\">Get in touch<\/a> \u2014 we work with foreign owners in English, and we&#8217;ll map your specific route before anything is signed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You set up a Belarusian subsidiary a few years ago, and now \u2014 for whatever reason \u2014 you want out. On paper, selling your stake looks like any other share deal: agree a price, sign the contract, update the register. In today&#8217;s Belarus, that picture is misleading, and acting on it can leave you with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-4529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Selling a Belarusian Subsidiary as a Foreign Owner | Opencompanyinbelarus.com<\/title>\n<meta name=\"description\" content=\"Selling a Belarusian subsidiary as a foreign owner: the share-sale mechanics, the Council of Ministers permission and 25% payment that may apply, the tax, and the steps.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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