1

IFC Partners with Belarusky Narodny Bank to Expand Trade Finance in Belarus

2

Economic and business climate reforms in Belarus

Long-term strategy for democracy building and its sustainability

3

Joint Stock Companies in Belarus: General Characteristics and Development Trends (2007 – 1st Quarter of 2009)

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License fees

License fees

Posted on March 12th, 2010 in: Key Operational Issues, Setting Up a Business

A licensing fee is paid either by an applicant or a license holder into a bank account of the licensing agency. The fee is paid in Belarusian rubles at the exchange rate stipulated by the National Bank as of the first date of the month the applicant or the license holder approached the authorities to obtain a license, amend or modify the license or obtain a duplicate.

General provisions regulating representative offices of foreign organizations

General provisions regulating representative offices of foreign organizations

Posted on March 12th, 2010 in: Registration, Setting Up a Business

Procedure for opening representative offices by foreign organizations
Specific features of activities pursued by foreign organizations
Extension of the validity of the permit for the establishment of a representative office and liquidation of representative offices of foreign organizations

Sanctions for violating business legislation

Sanctions for violating business legislation

Posted on March 12th, 2010 in: Key Operational Issues, Setting Up a Business

Economic sanctions will equal up to 2% of the funds not received within the specified period of time (the value of goods not supplied within the specified period of time, work not performed and services not rendered) for each day of the delay but not in excess of the funds not received within the specified period of time (the value of goods not supplied within the specified period of time, works not performed and services not rendered)

Taxes in Belarus

Taxes in Belarus

Posted on March 12th, 2010 in: Key Operational Issues, Setting Up a Business

Value-added tax, Deduction to the national fund for supporting agricultural producers and agricultural research, tax payable by vehicle owners, Excise duties, Profit tax, Revenue tax, Income tax payable by individuals etc.