Belarus

Operating a business

Different types of companies	Number of partners/shareholders	Maximum and/or minimum capital	Liabilities	Registration fees
Joint Venture	2 companies (a foreign and a Byelorussian company)	USD 20,000	Depends on the status of the joint venture	USD 2,000
100% foreign capital Company	No minimum.	USD 20,000	Liability is limited to the amount contributed.	USD 2,000 to obtain a license

Business setup procedures: Registration of a joint venture:
A joint venture can be set up once the contract between the foreign partner and the Byelorussian company has been signed. An approval for the setting up of the head office is required. The competent body in Minsk is Minskgorispolkom which requires to present certain documents.