Operating a Business

flag Belarus Belarus: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labour | Social Partners

 

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.
From 1 January  2021, 1 base amount is equal to BYN 29.
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

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The Active Population in Figures

201820192020
Labour Force 5,087,5565,005,2604,909,766

Source: International Labour Organization, ILOSTAT database

 
201720182019
Total activity rate 77.74%78.20%78.06%
Men activity rate 81.14%82.24%82.11%
Women activity rate 74.55%74.40%74.25%

Source: International Labour Organization, ILOSTAT database

 

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Working Conditions

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.

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Cost of Labour

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%

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Social Partners

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).
Unions
BFTU (the Belarusian Free Trade Union)
Labour Regulation Bodies
Ministry of Labor and Social Protection

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Latest Update: April 2022