This table summarizes the procedures and costs associated with setting up a business in Belarus.
| Nature of Procedure (2006) |
Proc # |
Duration
|
US$ Cost |
| Obtain an approval of the company name with the Ministry of Justice. |
1 |
1 |
12.28 |
| Open a temporary bank account |
2 |
1 |
0.00 |
| Notarize documents and pay a registry fee |
3 |
1 |
381.05 |
| Business registration with the State Registry |
4 |
30 |
75.43 |
| Obtain the approval of the company seal draft from the Registry |
5 |
3 |
0.00 |
| Obtain the approval of the company seal draft from the local police department |
6 |
8 |
00.0 |
| Prepare a business seal |
7 |
1 |
21.17 |
| Receive a Management Certificate for the CEO. |
8 |
7 |
12.28 |
| Notarize the received company documents |
9 |
1 |
118.76 |
| Register the company in the Tax Office |
10 |
6 |
0.00 |
| Apply for a Statistical Number |
11 |
1 |
0.00 |
| Apply for duplicates of a Company's taxpayer ID. |
12 |
4 |
0.00 |
| Apply for a certificate for opening a bank account from the Social Security Office; register the company with the Social Security Office |
13 |
2 |
0.00 |
| Notarize a card with signatures of a Company's Director and Chief Accountant and a sample of the Company seal. |
14 |
1 |
98.22 |
| Register the company in the Belgosstrakh (state insurance company). |
15 |
1 |
0.00 |
| Open a regular bank account. |
16 |
1 |
0.00 |
| Totals: |
16 |
69 |
$719.19 |
|
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