At least the following documents are required:
Copies of passports of final beneficiary owners of the parent company and the director (if they are physical persons);
Trade register (court register) certificate of the founding company (with all registration information);
Basic data about the founding company (according to the electronic application form, that we will provide);
Written statement by the founding company to register the Belarusian affiliate office (we will provide the text for it);
Power of Attorney from the founding company.We will guide you through the whole process and help with the documentation.
The establishment process itself at the relevant state organ only takes a few business days. Usually the most time-consuming is gathering the necessary documents from the founder. In our experience, the whole process usually takes about 3-5 weeks.
You will need to employ a CEO for the company from day one. If needed, we can provide a temporary director to act on behalf of the company during its first weeks and the zero-level activity period. You will also need a chief accountant from day one (accounting services can be outsourced to Leinonen). Next, the company bank account needs to be opened, this requires additional documents and participation of the CEO. After you have a bank account, you can send in your share capital.
The minimum capital is not determined, however, it cannot be zero. This means you can start a company with for example 1 dollar as capital, but we do not recommend it. As the company will need to have a director from the first day, it will have tax liabilities even if the director is temporary and is only being paid a minimum wage.
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