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flag Belarus Belarus: Operating a Business

In this page: Setting Up a Company | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

Joint Commercial Company (joint Venture).
Number of partners: 2 companies (a foreign and a Byelorussian company)
Capital (max/min): Foreign investments not less than USD 20,000.
Shareholders and liability: Depends on the status of the joint venture
Foreign Commercial Company (100% foreign capital Company).
Number of partners: No minimum in the number of partners.
Capital (max/min): Foreign Investments not less than USD 20,000.
Shareholders and liability: 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 6.0
Time (days) 5.0 14.0

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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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
Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labor

Minimum Wage
BYR 925,520 per month (source: ILO, 2011).
Average Wage
Gross average monthly wage of men: BYR 1,792,072 (source: ILO, 2010);
Gross average monthly wage of women: BYR 1,373,092 (source: ILO, 2010).
Social contributions
Social Security Contributions Paid By Employers: From 1% to 35%  according to the profession
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)
Labor Regulation Bodies
Ministry of Labor and Social Protection

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Last Updates: October 2014