Foreign entities with a registered permanent establishment (for tax purposes) due to their business activities in the Republic of Belarus have less than a month left to decide on the future format of their operations in the country.

Starting November 2024, the options for Foreign Legal Entities to establish a presence and conduct business operations in Belarus will expand. Introducing: the Branch of a Foreign Legal Entity.

Learn about what you need to know regarding Foreign Legal Entity Branches in the context of upcoming changes to the Civil Code in our experts’ latest publication.

Our experts, counsel Alena Salei and senior lawyer Yulia Shuba, answer pressing questions related to the establishment and functioning of the Supervisory Board in a Corporation.

You can access the publication via the link.

Starting November 19, 2024, amendments to the Civil Code (CC) will come into effect, allowing a limited liability company (LLC) to operate without developing or adopting its own individual founding document - a Сorporate Сharter. Instead, it can function based on a Model Charter approved by the government.

What are the advantages and disadvantages of adopting the Model Charter as the founding document? In which cases should one consider the necessity of having an individual LLC Charter?

Read more about this in our article.