On November 18, 2023, after two years of waiting, amendments to
the Civil Code of Belarus were published (hereinafter referred to
as the new version of the Civil Code). They affected almost all the
current regulation, starting with the registration of a company,
ending with its economic activity and liquidation. The changes will
take effect from 19.11.2024.
You can find more detailed information
Below is a small overview of what to prepare for in 2024.
The activities of companies based on a model statute.
The most common organizational and legal form is a limited
liability company (LLC). The new version of the Civil Code provides
for LLCs the opportunity to act on the basis of a model statute,
which will be provided by the Government. It will not provide, for
example, information about the name, location and size of the
statutory fund of the company, the owner of the property (founders,
participants), the size of shares, representative offices and
branches.
