Pay state registration fee via ERIP payment system
Agency: ERIP payment system
Before submitting a company registration application with all the required documents to the State Registry, entrepreneurs must make a registration payment equal to one base unit. Payment can be done electronically using the online payment system ERIP either through a mobile app or online at https://www.raschet.by/. Once the payment is made, the registrar can see the payment information through their system using a confirmation number.
Time and cost: Less than 1 day (online procedure), no charge
Obtain an approval of the company name with the Registry Administration (“Gorispolkom”)
Agency: Registry Administration (“Gorispolkom”)
Entrepreneurs must obtain a clearance of proposed company name. Up to three suggested company names can be submitted in one request. This can be done online at http://egr.gov.by/ or in person at the Registry Administration. When the name is requested to be verified online, it usually takes 1 business for the decision (approval or rejection) to be made, but it can be delayed in case of rejection. When the name is verified in person, the officer at the Registry Administration notifies the entrepreneur about the decision immediately. Entrepreneurs prefer to verify the name in person to avoid potential delays in case of rejection of the suggested names.
The number and the date of clearance certificate are required to be provided in the application form for registration in the following procedure. Obtaining clearance of proposed company name can take as little as a few minutes if the name is not already taken and is not controversial.
Time and cost: 1 day, no charge
Business registration with the State Registry
Agency: State Registry
In order to register a new business entity it is necessary to apply to State Registration Authority with an application form and Articles of Association. The application form includes biographical data on company directors and other company particulars. A Private Limited Company is no longer required to have a Memorandum of Association.
The registration may be submitted either in person or electronically. Since September 2017, documents for state registration can be submitted to a notary who will send them to the registering authority.
Online business registration is free of charge, but in order to submit a registration application via web portal, it is necessary for the applicant to have a pre-approved electronic signature, which carries an additional expense. As such, many companies chose to register in person. In person registration costs 1 base unit. Since January 2019 ,the amount of the base unit is BYN 25.5.
Registration certificate is provided on the next business day from the day of application. The State Registration Authority automatically informs state agencies – tax agencies, state insurance agency RUP “Belgosstrakh”, statistics agency, Social Security Fund – of new company’s registration. The certificate confirming registration with all aforementioned authorities is provided to the company within 5 working days (7 calendar days).
Time and cost: 1 week, BYN 25.5
Make a company seal
Agency: Seal maker
There are no laws requiring a business to purchase company seal. Since February 26, 2018, companies are entitled not to use corporate seals according to Presidential Decree No 7 of November 23, 2017. However, the practice of using the corporate seals has not yet changed, and most limited liability companies would purchase a seal in practice (e.g. the company seal may substitute the notary verification in certain cases; it is used to verify the legitimacy of signed documents according to business practice).
Time and cost: 1 day, BYN 20-40
