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Ease of Doing Business in

Belarus

Belarus Download Profile (1764.9KB, pdf)
Region Europe & Central Asia
Income Category Upper middle income
Population 9,513,000
GNI Per Capita (US$) 6,460
City covered Minsk

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 37 50 up
13
74.13 70.89 down
3.24
Starting a Business 31 30 down
1
92.91 92.87 up
0.04
Dealing with Construction Permits 28 25 down
3
78.32 78.31 up
0.01
Getting Electricity 24 74 up
50
86.01 72.20 up
13.81
Registering Property 5 7 up
2
92.19 90.53 up
1.66
Getting Credit 101 109 up
8
45.00 40.00 up
5.00
Protecting Minority Investors 42 62 up
20
63.33 58.33 up
5.00
Paying Taxes 99 95 down
4
70.40 70.70 down
0.30
Trading across Borders 30 30
-
93.71 93.71
-
Enforcing Contracts 27 28 up
1
70.36 70.36
-
Resolving Insolvency 69 95 up
26
49.08 41.86 up
7.22

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 31

DB 2016 Rank: 30

Change in Rank: down1

DB 2017 DTF (% points): 92.91

DB 2016 DTF (% points): 92.87

Change in DTF (% points): up0.04

Standardized Company
Legal form: Private Limited Company
Paid-in minimum capital requirement: BYR 100
City: Minsk
Indicator Belarus Europe & Central Asia OECD high income
Procedure – Men (number) info_outline 5.0 4.9 4.8
Time – Men (days) info_outline 5.0 10.2 8.3
Cost – Men (% of income per capita) info_outline 0.6 4.7 3.1
Procedure – Women (number) info_outline 5.0 4.9 4.8
Time – Women (days) info_outline 5.0 10.2 8.3
Cost – Women (% of income per capita) info_outline 0.6 4.7 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 4.0 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Pay registration fee at a bank

    Agency: Commercial Bank

    Before submitting an application with all the required documents to the State Registry, entrepreneurs must make a registration payment equal to one base unit and attach a bank receipt to the application.
    1 day no charge
    2

    Obtain an approval of the company name with the Registry Administration ("Gorispolkom")

    Agency: Registry Administration ("Gorispolkom")

    Entrepreneurs must obtain a clearance of proposed company name. This is commonly done in the Registry Administration.
    The clearance paper is required to be attached to the application form for registration in the following procedure.
    Obtaining clearance of proposed company name can take as little as a few minutes if the name is not already taken or controversial.
    1 day no charge
    3

    Business registration with the State Registry

    Agency: State Registry

    In order to register a new business entity it is necessary to apply to State Registration Authority with an application form and Articles of Association. The application form includes biographical data on company directors and other company particulars. A Private Limited Company is no longer required to have a Memorandum of Association.

    The registration may be submitted either in person or electronically. Following 2014 reform of company registration procedures, in person applicants are registered online by government personnel. Registration must be completed within 1 day by law.

    Online business registration is free of charge, but in order to submit a registration application via web portal, it is necessary for the applicant to have a pre-approved electronic signature, which carries an additional expense. As such many companies chose to register in person. In person registration costs 1 base unit. Since January 2016 the cost of the base unit is BYR 210,000.

    The State Registration Authority automatically informs state agencies - tax agencies, state insurance agency RUP "Belgosstrakh", statistics agency, Social Security Fund - of new company's registration within 5 working days (7 calendar days).
    1 day BYR 210,000
    4

    Make a company seal

    Agency: Seal maker

    There are no laws requiring a business to purchase company seal. However, the company seal is required for consignment notes and for certain bank transactions and power of attorney. Government agencies, such as the tax authority, would have no legal grounds for refusing documents that do not have a company seal. Nevertheless out of habit, most limited liability companies would purchase a seal. In addition, for the purpose of opening a bank account, it is required to make a company seal.
    1 day BYR 200,000-400,000
    5

    Purchase and register a Book of Registry of Inspections ("kniga uchiota proverok")

    Agency: Tax Administration

    An entrepreneur should visit the local Tax Administration within one month after he/she has been registered with the tax authorities to buy and register a Book of Register of Inspections (“Kniga uchiota proverok”). The Register of Inspections must be purchased from the Tax Administration shop and registered with a unique number (this is done on the same day). The book must be available in every store/business location owned by the limited liability company (e.g. if the company operates 5 stores, each of the stores should have a separate book on Inspections and on comments and suggestions). The form of the Register of Inspection is approved by Decree of the Council of Ministers No 383 dated March 18, 2010.
    1 day 50,000 rubles