Small business setup in Belarus
Belarus offers a favorable environment for small businesses, with its industrial base, economic potential, and opportunities in manufacturing and technology. We have extensive experience in supporting start-up and growing small businesses in the region, providing expertise in company formation and assisting with the necessary documentation and processes. Let’s talk about the benefits of starting a small business in Belarus and how our specialized solutions can help ensure your success.
Formalities and procedure
Registering a small business in Belarus is a multi-step process that can typically be finalized within a short timeframe.
Choose a business name
The name of the business must be original and not currently in use. You can verify the availability of a name on the website of the Belarus Trade Registry.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your small business. We offer expert advice on Private Limited Company, Public Limited Company, Branch Office, and Holding Company to assist you in making an informed decision that meets your unique needs and future goals.
Set up legal address
Having a legal address is crucial when launching a business because it acts as the primary contact point for government agencies, legal authorities, and important business communication. Selecting a legal address that adheres to local regulations and fits your business needs is essential.
Get the necessary paperwork ready
Our team of professionals will assist you in developing accurate and comprehensive documentation tailored to your company’s specific structure and objectives. We ensure compliance with all legal requirements and will handle the filing procedure on your behalf.
Open a bank account
In Belarus, setting up a business necessitates having a corporate bank account. We will support you every step of the way to ensure you meet all the necessary regulations and assist you in establishing a bank account with a well-respected financial institution in Belarus for your small business dealings.
Company registration
We take care of registering your small business with authorities such as the Trade and Companies Register and tax authorities, so you don’t have to worry about the administrative tasks. This ensures that your small business is recognized and in compliance with all legal requirements from the beginning.
Setup accounting
In order to have a successful start for a small business, it is crucial to keep precise financial records. Our experienced accountants can assist in implementing efficient accounting and bookkeeping methods that adhere to the regulations in Belarus.
Small business examples
Small businesses are found in various industries and sectors, each having unique requirements. Here are a few examples of small businesses:
- Business support: Smaller consultancies, individual service providers
- DIY retail: Locally-owned hardware shops, small home improvement stores
- Education: Tutoring services, small language schools, independent trainers
- Farming: Smaller, family-run farms
- Fitness: Individual trainers, small local gyms or studios
- Food and beverage retail: Independent grocery stores, coffee shops, bakeries
- Hotels and motels: Smaller, independent hotels or motels
- Laboratory: Smaller independent testing labs
- Marketing: Freelance marketers, small local agencies
- Media: Independent content creators, niche publications, small production companies
- Printing: Small local print shops
- Real-estate: Individual realtors, very small brokerage firms
- Restaurant: Independent, non-chain restaurants
Benefits of establishing a small business in Belarus
Belarus is an attractive location for starting a small business, providing numerous benefits:
Strategic location
Belarus provides a solid industrial foundation, economic opportunities, and potential for companies looking for stable operations in manufacturing and technology. Situated in Eastern Europe, Belarus has a skilled labor force and government backing for innovation and entrepreneurship, making it an attractive option for businesses wanting to expand in the region.
Favorable tax regime
Belarus has a corporate income tax rate of 20% that remains consistent. The country offers benefits for investing in high-tech sectors and specific areas. Belarus also presents a reliable business climate and a proficient labor force in fields such as IT and manufacturing.
Banking
The banking sector in Belarus provides stability and investment opportunities, making it a safe choice for those in need of banking and financial services in a growing economy.
Our small business setup solutions
We understand how valuable your time and resources are, which is why we offer two easy options to streamline the company formation process.
Business formation online
By utilizing the online platform offered by Belarus, individuals can start and finalize the process of setting up a business from any location globally. The option to track progress, upload necessary paperwork, and access our services via secure digital platforms guarantees a seamless and user-friendly experience.
Business formation remotely
If you would rather take a more hands-off approach, we are able to manage all the paperwork for you. Our team of experts will handle all the necessary formalities, complete the required paperwork, and communicate with the appropriate authorities on your behalf to ensure your peace of mind.
Contact us today and launch your small business success
Contact us today to schedule a consultation and begin pursuing your business goals. Let’s embark on this journey together.