Starting November 2024, the options for Foreign Legal Entities to establish a presence and conduct business operations in Belarus will expand. Introducing: the Branch of a Foreign Legal Entity.

Learn about what you need to know regarding Foreign Legal Entity Branches in the context of upcoming changes to the Civil Code in our experts’ latest publication.

Our experts, counsel Alena Salei and senior lawyer Yulia Shuba, answer pressing questions related to the establishment and functioning of the Supervisory Board in a Corporation.

You can access the publication via the link.

Starting November 19, 2024, amendments to the Civil Code (CC) will come into effect, allowing a limited liability company (LLC) to operate without developing or adopting its own individual founding document - a Сorporate Сharter. Instead, it can function based on a Model Charter approved by the government.

What are the advantages and disadvantages of adopting the Model Charter as the founding document? In which cases should one consider the necessity of having an individual LLC Charter?

Read more about this in our article.

We are pleased to present you the quarterly Newsletter, traditionally prepared by Borovtsov & Salei team, in which we pointed out the most significant, in our opinion, legislative changes for business in Belarus for the period of April - June 2024.

Newsletter 2024 (Q 2) can be found here Newsletter 2024 (Q 2) from Borovtsov & Salei.

We provide additional information: On June 29, the EU (2024/1865) adopted new restrictive measures aimed against Belarus. The agreed measures will affect various sectors of the Belarusian economy, including trade, services, transport. For more information, see here.

From October 1, 2024, the innovations provided for by the Law of the Republic of Belarus dated April 22, 2024 No. 365-Z “On Amendments to Laws on Entrepreneurial Activities” come into force, including in terms of state financial support for medium-sized businesses.

Read more about this in our publication.