Procedure for company formation in Belarus:

1. Research and Planning: Initiate the company formation process in Belarus by conducting comprehensive research on various business structures, such as Closed Joint Stock Company (CJSC) or Limited Liability Company (LLC). Evaluate factors like liability, taxation, and ownership structure. Develop a detailed business plan outlining objectives, target market, and financial projections.

2. Choose a Name: Select a unique and distinctive name for your company, ensuring it complies with Belarusian naming regulations. Conduct a name search with the Ministry of Justice to confirm availability and register the chosen name.

3. Articles of Association: Draft the Articles of Association (Charter) outlining essential information about your company, including its name, registered office address, business scope, shareholders, and management structure. Submit the Articles to the Ministry of Justice and pay the required registration fees.

4. Share Structure and Management: Clearly define the share structure of your company, specifying the number and types of shares to be issued. Appoint the management structure, including directors and any additional officers, ensuring compliance with Belarusian company law.

5. Tax Registration: Register for tax purposes with the State Tax Committee of the Republic of Belarus. Obtain a unique taxpayer identification number (TIN) and familiarize yourself with corporate tax obligations, including income tax and value-added tax (VAT).

6. Licensing and Permits: Depending on your industry, obtain the necessary licenses and permits from relevant authorities. This may involve approvals from local authorities or sector-specific regulatory bodies.

7. Social and Health Insurance: Register your employees for social and health insurance with the Social Security Fund of the Republic of Belarus. Comply with labor laws and ensure contributions are made as required.

8. Bank Account: Open a business bank account with a reputable bank in Belarus to manage your company’s finances separately from personal finances. Ensure compliance with any specific banking requirements.

9. Compliance and Reporting: Understand and adhere to ongoing compliance requirements, including filing annual financial statements, maintaining corporate records, and updating any changes in company details. Stay informed about Belarusian corporate governance regulations for continuous compliance.

10. Seek Professional Assistance: Consider seeking the expertise of professionals, such as legal advisors, accountants, or business consultants familiar with the Belarusian business environment, to navigate any complexities in the company formation process and ensure compliance with local regulations.