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.

At the current time, many Belarusian legal entities and representative offices of foreign companies in Belarus are conceptually reconsidering their approaches to the protection of personal data of employees, counterparties and other persons.

What is the reason for this and where to start? What clusters of issues should be worked out before starting to develop (to revise, to update) a set of documents regulating the processing of personal data in the company?

Read more about this in our publication.

At the current time, many Belarusian legal entities and representative offices of foreign companies in Belarus are conceptually reconsidering their approaches to the protection of personal data of employees, counterparties and other persons.

What is the reason for this and where to start? What clusters of issues should be worked out before starting to develop (to revise, to update) a set of documents regulating the processing of personal data in the company?

Read more about this in our publication.

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.

The Law of the Republic of Belarus dated April 22, 2024 No. 365-Z “On Amendments to Laws on Business Issues” was adopted, establishing special rules for the creation of a commercial organization by an individual entrepreneur.

What are the features of the creation and state registration of a legal entity created by an individual entrepreneur, how the transfer of rights and obligations from an individual entrepreneur to a legal entity occurs and who signs the transfer deed, is it necessary to conclude an employment contract with the director if he is the sole founder of the created commercial organization and who signs such an agreement, what are the features of taxation during the transition period, under what conditions does the director have the right to perform the functions of an accountant (taking into account the fact that the structure of small businesses is changing).

This and other nuances of creating a commercial organization by an individual entrepreneur are discussed in our article.