On January 27, 2021 Law of the Republic of Belarus No.
95-З dated 05.01.2021 "On amending the laws pertaining
to business entities". The law amends the procedures used to
regulate the activities of business entities (LLCs, ALCs, CJSCs,
OJSCs) as from April 28, 2021.
1. Business entities with one participant are no longer
prohibited to create another business entity
Business entities with one participant are no longer prohibited
to create another business entity with sole participant. Annulment
of this prohibition allows reorganisation by way of spinning-off a
new entity with sole participant.
2. Shareholder agreements
After evaluating the procedure in the Hi-Tech Park, now all
participants/shareholders of all business entities are allowed to
conclude shareholder agreements (participants' rights
agreements) comprising all participants of such business entities.
Earlier, where a business entity had only two participants, they
were not allowed to conclude such an
