The Decree of the President of the Republic of Belarus ¹1 dated 16.01.2009 About State Registration and Liquidation (cancellation of activity) of Economic Entities came into force on 01.02.2009.
Application for state registration of documents stipulated by the present Regulation and presented by the property owner, the founders (shareholders) should be preceded by the following procedures:
| 1. | To agree the name of a profit, non-profit organization newly created at the local registration institution. |
| Days of week | Time |
| Monday - Friday | 10.00 - 13.00 14.00 - 17.30 |
|
Contact information: Department of Unified State Register Ph.: +375 17 2200207 |
| 2. | To define the location of profit, non-profit organization newly created. |
| 3. | To make a decision to create a profit, non-profit organization and get the statutes ready (memorandum of association for profit organizations acting on behalf of memorandum of association only). |
| 4. |
- To form the authorized fund.
- To open a temporary bank account, or account at a non-bank credit and financial organization in order to make a deposit for the authorized fund. - To define non-money share cost when depositing non-money share to the authorized fund. |
Profit organizations decide the amount of the authorized fund by themselves, excluding the commercial organizations appointed below as well as profit organizations with the set minimum for authorized fund by the according legislation.
Minimum amount of authorized fund for legal persons of the Republic of Belarus is established in the amount equivalent to:
| 100 basic units | for private joint-stock companies |
| 400 basic units | for public joint-stock companies |
1 basic unit comes to = 35000 BLR.
Minimum amount of authorized fund for private joint-stock companies and public joint-stock companies are defined in BLR dependant of basic unit set for the day when the statutes (changes and (or) supplements connected with changes amount of authorized fund) are submitted to the registering bodies.
At the moment of state registration performance authorized funds of joint-stock companies, other profit organizations with the set minimum for authorized fund by the according legislation should be formed in the amount not less then the minimum authorized funds stipulated by legislation, other profit organizations – in the amount stipulated by their statutes (memorandum of association – for profit organizations acting on behalf of memorandum of association only).
The requirements for the amount and terms of the authorized fund formation for profit organizations with foreign investments are stipulated by the Investment Code of the Republic of Belarus.
Minimum amount of authorized fund
for profit organizations with foreign investment
Authorized fund for profit organizations with foreign investment must be declared in USD. Minimum amount of foreign investment into the authorized fund is defined in the amount of equivalent to USD20000.
Legal entity with the share of foreign investments in the authorized fund not less than USD 20 thousand aiming at profit making as the main objective of its activity and/or sharing the earned profit among its shareholders is acknowledged as profit organization with foreign investments on the territory of the Republic of Belarus.