Peculiarities in business set up (pharmaceuticals, logistics, IT sphere) in Belarus · 2020-04-08 · Peculiarities in business set up (pharmaceuticals, logistics, IT sphere) in Belarus

Peculiarities in business set up

(pharmaceuticals, logistics, IT

sphere) in Belarus Egor Dubovskiy

Legal Expert, SCHNEIDER GROUP (Belarus)

Minsk, March 08, 2020

2

Agenda

Choosing the legal form of doing business

General provisions for creating your business in different spheres (pharmaceuticals, logistics, IT sphere)

Obtaining a resident status in special economic zones

market entry | accounting | ERP | import | legal | tax

3 market entry | accounting | ERP | import | legal | tax



4 4 market entry | accounting | ERP | import | legal | tax

Company registration

Registration of a representative office of a foreign

organization(auxiliary)

Permanent Establishment

Implementation of your activity through the dependent

agent

1 Long-term

buseness

2 short-term

business

Company registration

Company registration - creation of a legal entity with the rights and obligations granted to the

subjects of Belarusian legislation. Nowadays, Belarus provides the following legal forms: LLC, ALC,

Unitary Enterprise, OJSC, CJSC.


Opening a bank account

Organization seal order

Passing the so-called post-registration procedures

SubEstablishment of the documents to the registration authority

Preparation of the documents

Registration of a representative office of a

foreign organization


Support for the activities of a foreign

organization.

Exploring investment

opportunities

Market research

Objectives of creating a representative office of a foreign organization.

Registration of a representative office of a

foreign organization

The process of opening a representative office:

7

• Due to the fact that some documents require translation, notarization, and legalization, this stage may require a significant amount of time.

Formation of a complete set of documents

• For 3 years, the amount will be 195 base units, which is approximately USD 2,043. Payment of registration fee

• Duration of consideration of documents is 30 days. Filing documents with registration

authority

• The permit to open a representative office is issued for a maximum of 3 years with the possibility of renewal thereafter for the same period.

Issuance of a permit to open Representation office

• Seal is completed within 1-2 days. Ordering a seal

• Within 10 working days from the date of obtaining the permit. Registration of a Representative

office with Tax & other bodies


Activity through the permanent

establishment (dependent agent)

Time saving

Money saving

Expert work


Activity through the

permanent establishment

Permanent establishment

Registration in the tax

authorities

Tax responsibilities

fulfilment



General provisions for creating your business

in different spheres

Pharmaceutical activity


Registration of a company or

representative office

Obtaining a license

State registration of medicines

Logistics center


Opening a new legal entity

Dependent agent

IT Services


Opening a new legal entity

Registration in HTP

14

Obtaining a resident status in special

economic zones


Business Development Conditions

15

Field of activity A special tax and legal regime

IT analysis, engineering and SW development, DLT

& crypto currency mining, AI, IoT

Hi Tech Park

set up of export-oriented production facilities

(green field projects)

FEZ

electronics, thin chemistry, biotechnology,

mechanical engineering and nanotechnologies

Industrial Park “ Great Stone”


16

The exclusive right to the content of this presentation including the rights of translation, reproduction, transmittal,

distribution and usage of the presentation and parts of it, in any way, as well as the rights to the company’s logo and

name SCHNEIDER GROUP, in existing and future publications in printed or electronic form, and the ability to confer

rights to a third party belong to SCHNEIDER GROUP.

The reproduction, alteration, transmittal or any distribution or usage of this presentation or parts of it, as well as of the

company’s logo or name SCHNEIDER GROUP in any way, need the written perEstablishment of SCHNEIDER GROUP

in advance and shall be accompanied with the link to the SCHNEIDER GROUP website and reference to the copyright

perEstablishment. © SCHNEIDER GROUP www.schneider-group.com

Egor Dubovski Legal Expert [email protected]


http://www.schneider-group.com/







mailto:[email protected]



www.schneider-group.com

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Peculiarities in business set up (pharmaceuticals, logistics, IT sphere) in Belarus · 2020-04-08 · Peculiarities in business set up (pharmaceuticals, logistics, IT sphere) in Belarus