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Home > Country profiles > Operating a Business
Belarus: Operating a Business
Setting Up a Company | Working Conditions | Cost of Labor | Social Partners
Setting Up a Company
Legal Business Entities
| Types of Companies and Capital (Max/Min) | Number of Partners/Shareholders and Liability |
|
Joint Venture
|
2 companies (a foreign and a Byelorussian company)
|
|
100% foreign capital Company
|
No minimum.
|
- The Competent Organization
- Ministry of Finance and The National Investment Agency
| Setting Up a Company | Belarus | Eastern Europe & Central Asia |
| Procedures (number) | 5.0 | 6.3 |
| Time (days) | 5.0 | 16.3 |
Source: Doing Business.
- Business Setup Procedures
-
Consult Doing Business Website, to know about procedures to start a Business in Belarus.
Trade Register
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
Cost of Labor
- Minimum Wage
- 150,000 rubles (USD70)
- Average Wage
- Average monthly gross earnings in Belarus is BYR 1,033,315 (USD 365).
- Social contributions
-
Social Security Contributions Paid By Employers: From 1% to 35% according to the profession
Social Security Contributions Paid By Employees: 1%
Social Partners
- Social Dialogue and Involvement of Social Partners
- Some trade unions: the BFTU (The Belarussian Free Trade Union), the BCDTU (The Congress of Democratic Trade Unions).
- Unions
-
BFTU (the Belarusian Free Trade Union)
- Labor Regulation Bodies
-
Ministry of Labour and Social Protection
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Last Updates: May 2012
