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Belarus: Operating a Business

Setting Up a Company | Working Conditions | Cost of Labor | Social Partners

Setting Up a Company

Legal Business Entities

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Joint Venture USD 20,000	2 companies (a foreign and a Byelorussian company) Depends on the status of the joint venture
100% foreign capital Company USD 20,000	No minimum. Liability is limited to the amount contributed.

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

Setting Up a Company	Belarus	Eastern Europe & Central Asia
Procedures (number)	5.0	6.3
Time (days)	5.0	16.3

Source: Doing Business.

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

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

Cost of Labor

Minimum Wage: 150,000 rubles (USD70)
Average Wage: Average monthly gross earnings in Belarus is BYR 1,033,315 (USD 365).
Social contributions: Social Security Contributions Paid By Employers: From 1% to 35% according to the profession
Social Security Contributions Paid By Employees: 1%

Social Partners

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

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Learn more about Operating a Business in Belarus on Globaltrade.net, the Directory for International Trade Services.

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Last Updates: February 2012

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