ArticleNew Refinance RateApril 21, 2021, the refinance rate of the National Bank has been set at 8.5% per annum.BelarusFinance and BankingGRATA International
ArticleThe Process Of Working With The Cash Register Equipment Is Going Through Significant ChangesThe process of working with the cash register equipment is going through significant changes. For example, the usage of the payment terminal for one organization of consumer cooperation retail on several trade objects. BelarusFinance and BankingGRATA International
ArticleIn Belarus, A Procedure Has Been Established For The Calculation Of Dividends To Foreign Shareholders In Belarusian Companies.On September 15, 2023, the Edict of the President of the Republic of Belarus No. 282 "On Special Accounts" came into effect. This act outlines the procedures for using special accounts during the implementation...BelarusCorporate/Commercial LawGRATA International
ArticleBelarusian Refinancing Rate Continues To DecreaseOn June 21, 2023, the Board of the National Bank of Belarus decided to decrease the refinancing rate from 9,75% to 9,5% per annum (p.a.). BelarusFinance and BankingGRATA International
ArticleRemote Identification Of Non-residents When A Current Settlement (bank) Account Is Opening.From June 1, 2022 to December 31, 2024, a resolution of the Board of the National Bank of the Republic of Belarus will be in force, which establishes the possibility of remote identification of...BelarusFinance and BankingGRATA International
ArticleForeign Cash Settlement Under Foreign Exchange Contracts Providing For ExportIn June 2022, a joint resolution of the Council of Ministers of the Republic of Belarus and the National Bank of the Republic of Belarus dated 07.06.2022 No. 363/13 was adopted in Belarus, ...BelarusFinance and BankingGRATA International
ArticleIn Belarus, The Regulations For Registering Currency Contracts On The National Bank's Web Portal Have Been UpdatedOn October 1, 2023, a new version of Instruction No. 37 took effect. This update provides greater clarity on how to complete the registration form for currency contracts...BelarusFinance and BankingGRATA International
ArticleOpening Of A Bank Account By A Non-Resident In BelarusThis information is especially relevant nowadays, since more and more difficulties arise for Belarusian entities in settlements with foreign counterparties.BelarusFinance and BankingGRATA International
ArticleIn Belarus, Completing Projects Funded By The International Financial Institutions Is UnderwayOn September 8, 2023, the Edict of the President of the Republic of Belarus No. 282 "On Project Completion" came into effect in the Republic of Belarus.BelarusFinance and BankingGRATA International
ArticleNew Requirements Within The Framework Of Currency LegislationOn July 9, 2021, a new version of the Law of 22.07.2003 "On Currency Regulation and currency control" and other acts in its development came into force.BelarusFinance and BankingGRATA International
ArticleOffshore Duty In Belarus: From Calculation To PaymentOn August 4, 2021, Oregon Governor Kate Brown announced that the Oregon Health Authority (OHA) will create a rule requiring healthcare workers to submit to weekly COVID-19 testing if they are not vaccinated.BelarusCorporate/Commercial LawGRATA International
ArticleExtensive New Sanctions Against Russia And Belarus: A Cross-Sectoral Approach For The 18th Sanctions PackageThe EU has adopted its 18th package of sanctions against Russia, including certain measures targeting Belarus. The key areas targeted this time revolve around energy, banking, military, and cross-sectoral measures.BelarusInternational LawPlesner
ArticleOffshore Tax In Belarus: From Calculation To PaymentWorking with companies from offshore zones provides additional obligations for Belarusian counterparties and requires certain control.BelarusCorporate/Commercial LawGRATA International
ArticleNew Edition Of The Instruction On Registration Of The Currency Agreement On The Portal Of The National Bank Of BelarusOn October 1, 2022, a new edition of the Instruction No. 37, approved by the Board of the National Bank on February 12, 2021, comes into force.BelarusFinance and BankingGRATA International
ArticleRegulation Of «Anti-Money Laundering» Legislation In Belarus: Compliance With FATF RequirementsThe primary document regulating the «anti-money laundering» legislation in the Republic of Belarus is the Law «On measures for prevention of laundering of criminal proceeds...BelarusFinance and BankingGRATA International
ArticleNew Law On Payment SystemsAt the beginning of May 2022, the Law «On Payment Systems and Payment Services» (hereinafter as the Law) was signed in Belarus. For the first time in Belarus, implementation of payment activities...BelarusComplianceGRATA International
ArticleChanges To Credit Financing Service Rules For Belarusian BanksOn July 12, 2023, the President of Belarus signed Law No. 282-Z "On Amendments to Laws Regarding Banking Activities". This act comes into effect in parts and makes amendments to the Banking Code...BelarusFinance and BankingGRATA International
ArticleEU 20th Sanctions Package Against Russia: Implications For Financial Services And Crypto-assetsApril 2026 – EU Member States have adopted the 20th package of sanctions against Russia. The package has a pronounced anti‑circumvention focus and significantly expands measures affecting financial services and crypto‑assets.GlobalInternational LawKinstellar
ArticleCirculation Of Electronic Money In BelarusIn Belarus, the circulation of electronic money issued either by residents of Belarus or non-residents is allowed.BelarusFinance and BankingGRATA International