Belarus: Operating a Business

Setting Up a Company

Joint-stock company (public or private): Number of partners: A minimum of 2 shareholders. For closed joint-stock companies, there is a maximum of 50 shareholders. For open joint-stock companies, there is no limit of shareholders.
Capital (max/min): The minimum size of the authorized capital for joint stock companies is 400 base amounts.
For closed corporations - 100 base amounts.
Shareholders and liability: Liability is limited to the shares.
Limited Liability Company: Number of partners: A minimum of 1 and a maximum of 50 founders.
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability is limited to the amount contributed.
Sole proprietorship: Number of partners: 1 (an individual or a legal entity).
Capital (max/min): No minimum capital required.
Shareholders and liability: Liability is unlimited.

The Competent Organisation: Ministry of Finance and The National Investment Agency

Setting Up a Company	Belarus	Eastern Europe & Central Asia
Procedures (number)	4.0	5.3
Time (days)	8.5	11.8

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Belarus.
Trade Register

	2018	2019	2020
Labour Force	5,087,556	5,005,260	4,909,766

Source: International Labour Organization, ILOSTAT database

Source: International Labour Organization, ILOSTAT database

Legal Weekly Duration: 40 hours
Retirement Age: 55 years for women and 60 years for men
Working Contracts: Most of contracts are fixed-term contracts, but there are also indeterminate contracts
Labour Laws: Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

Minimum Wage: In 2021, the minimum wage is BYR 400 per month according to the Belarusian Ministry of Labour and Social Protection.
Average Wage: In 2021, the average monthly gross salary was 1,290 BYR according to the data of the National Committee of Statistics of Belarus.
Social Contributions: Social Security Contributions Paid By Employers: 34% of the gross salary, but not more than five times the average monthly gross salary.
Social Security Contributions Paid By Employees: 1%

Social Dialogue and Involvement of Social Partners: Some trade unions: the BFTU (The Belarusian Free Trade Union), the BCDTU (The Congress of Democratic Trade Unions).
Labour Unions: BFTU (the Belarusian Free Trade Union)
Labour Regulation Bodies: Ministry of Labor and Social Protection

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