Investment conditions in Belarus
Investment in Belarus and ways to obtain residency by investment in Belarus are discussed in this article. Some of the questions raised by those who are interested in investment in Belarus is whether it is possible to obtain a residence permit in Belarus by buying a property, what is the minimum capital required to obtain Belarusian residency by investment, and what investment methods lead to permanent residency and Belarusian citizenship? The main purpose of this article is to answer such questions and examine all the important aspects of investment in Belarus. If you have any ambiguity or questions about investment opportunities in other countries, we recommend that you contact the experts of MIE Austria and get a free consultation.
In the Comments section, you can also ask your questions and answer them in a short time.
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Investment in Belarus by buying a property
Investment in Belarus by buying a property is one of the methods of obtaining permanent residence and citizenship of this country. In this method, the immigrant must buy a property or house worth at least 150,000 euros, so one will obtain a 7-year residence. This visa must be renewed annually by the immigration authorities. After this period, you will receive a Wade Residence Card. You must not leave Belarus for more than 90 days per year to receive the Wade Booklet. One of the advantages of this type of investment in Belarus is that you do not need to be physically present to use this type of residence, and you can just live in your own country. But in this case, you can no longer receive the Wade Booklet.
Investment in Belarus by company registration
Investment in Belarus by company registration is another method for obtaining a residence permit in this country. So one of the factors that have attracted foreign investors is that since Belarus is a member of the CIS, the expenses for living, studying, and starting a business is much lower than in other countries. When you register a company in Belarus, you will first be granted a 3 months visa. This visa can be extended for one year if you start a business and have an acceptable turnover. After 7 years, you can apply for permanent residence in Belarus (Wade) by contacting the competent authorities. The initial capital of company registration in Belarus is 150,000 dollars, after which you can receive the Wade booklet to use all the privileges of a Belarusian citizen, except for voting!
The steps for registering a company in Belarus:
- Applicants in Belarus must refer to the company registration system and complete the required forms.
- The applicant must find a good shareholder or partner in Belarus, depending on the type of registered company. For example, you must employ two people if you have registered a limited liability company, and three employees in a private joint-stock company.
- To choose a name for your company in Belarus, you must select five prior names in the form, and finally, one of them will be chosen as the company’s name
- Applicants in Belarus must specify the field of their activity and should state whether their activity is limited or unlimited for its duration
- The applicant must provide the address of the company and their office location
- The applicant must specify the amount of company capital as the capital of a legal entity because the amount of initial capital, to some extent, indicates the credibility of the company.
- The applicant must specify the articles of association and must wait for the Companies Registration Office to request the documents to be submitted
The types of companies you can register in Belarus:
- A public joint-stock company (OAO), its number of shares and activities are unlimited
- A private joint-stock company (ZAO), which is the most common type of registered companies in Belarus
- Limited liability company (OOO) which does not have much flexibility and the security rules do not cover it
- A single company in Belarus(UE), because the founder of the company owns everything, the majority of foreign companies in Belarus are of this type
Advantages of investment in Belarus
Investment in Belarus has several advantages, which can be a reason for choosing the investment method for immigrating to this country. Some of these factors are:
- Appropriate strategic position
- Superior investment system and well tax conditions
- World rank of Belarusian banking
- Extended transportation infrastructure
- Special job opportunities
- Having a specialized workforce
- The standard of living is suitable for everyone
These factors are among the most important reasons for the people to immigrate and invest in Belarus. The applicant who wants to invest in Belarus, register a company, or start a business in this country can apply through MIE Austria.
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