Starting a Business

1*.

Owners (founders, partners) of property of legal entity are dispensed from a duty to form authorized fundbefore applying for state registration.

Reform influence: 

There is no need to create a temporary bank account to establish a company. So, the time for starting a business in Belarus has been recently reduced by a day.

Entered into force:  1 May 2013

Legislation: 

Decree of President of Belarus No. 2 of 24 January 2013