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Belarus is a landlocked country in Eastern Europe, bordered by Latvia, Lithuania, Poland, Russia, and Ukraine. As a member of the Commonwealth of Independent States (CIS) and the Eurasian Economic Union (EAEU), Belarus holds a unique geopolitical position with a population of approximately 9.2 million as of 2025.
Its strategic location, skilled workforce, and a variety of government-backed incentives continue to offer robust opportunities for international businesses. Belarus has streamlined several regulatory procedures and reinforced its digital infrastructure to attract foreign investment.
The country’s consistent performance in regional competitiveness rankings and investor-friendly reforms reflect its conducive economic environment.
Belarus’s IT sector has matured into a regional innovation hub, driven by the High Technology Park (HTP). The sector contributes significantly to GDP, supported by pro-innovation laws, R&D hubs, and a highly competent software development talent pool. In 2024, Belarus expanded benefits for AI, blockchain, and cybersecurity startups.
The most prevalent entity for SMEs, an LLC in Belarus offers a flexible incorporation process. Capital is divided into shares as per the charter, and liability is limited to contributions.
A JSC can be open or closed, and is suitable for larger investments. Shareholders’ liabilities are restricted to their share value, and shares of open JSCs can be publicly traded.
This variant restricts share transfers and is suitable for businesses wanting tighter ownership control. Approval from other shareholders is required for share sale.
This form is founded by two or more partners sharing profit and full liability. No minimum capital is required, and all partners actively manage the enterprise.
It combines general partners (with full liability and management rights) and limited partners (with liability limited to contributions). It is legally distinct from its members.
Ideal for sole proprietors, this form allows individuals to operate a business without forming a legal entity. It’s limited to employing three workers and entails full personal liability.
Belarus is a landlocked nation in Eastern Europe that shares borders with Latvia, Lithuania, Poland, Russia, and Ukraine. Belarus, a member of the Commonwealth of Independent States and the Eurasian Economic Union (“EAEU”) have a population of around 9.4 million. With its advantageous location, talented people, and government incentives, Belarus presents several chances for international businesses.
Author: Chandrawat & Partners
Topic: Doing Business in Belarus
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Chandrawat & Partners stands as a dynamic and rapidly expanding full-service firm, specializing in the delivery of exceptional professional and corporate services to a diverse clientele, both foreign and local. We proudly represent companies and individuals across a wide spectrum of sectors through distinct entities established in various countries worldwide.
Chandrawat & Partners stands as a dynamic and rapidly expanding full-service firm, specializing in the delivery of exceptional professional and corporate services to a diverse clientele, both foreign and local. We proudly represent companies and individuals across a wide spectrum of sectors through distinct entities established in various countries worldwide.
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