Registration of the company limited

The main information on the registration of this type of legal form:

• There can be not less than two and no more than fifty people. It can be both legal person and natural person, resident and non-resident of the Republic of Belarus.
• Limited company with foreign investment can be joint limited company and the one based on foreign capital only, foreign limited company. In case of registration of limited company with foreign investment, authorized fund must be formed during two years since the date of registration and the amount of authorized fund must be not less than 20 000$ UDS. 50% of this sum must be payed in during the first year of company’s activity. In case of registration of limited company without foreign investment the minimal size of authorized fund is not estimated by the legislation.
• Authorized fund can be formed by means of bank deposit to which will be transferred the sum of authorized fund. The fund also can be formed at the expense of property evaluated in accordance with legislation.
• Legal address of limited company can be situated in uninhabited premises only.
• The superior authority of limited company is general meeting of participants, the executive authority is director (government, directorate). One of the founders of company can be appointed director. Accounting can’t be provided by the owner. Responsible for accounting can be either staff accountant or outsourcing company which provides this service on contract basis.