In this page:
Setting Up a Company |
Working Conditions |
Cost of Labor |
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.
|Setting Up a Company
||Eastern Europe & Central Asia
Source: Doing Business.
- Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Belarus.
- Legal Weekly Duration
- 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.
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%
Learn more about Operating a Business in Belarus on Globaltrade.net, the Directory for International Trade Service Providers.
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Last Updates: October 2014