Belarus introduces notification principle for registration of enterprises

Effective from February 1, Belarus has intriduced a notification principle for the official registration of all economic entities apart from banks and monetary organizations, under the January 16, 2009 presidential edict No 16. In order to get registered, a legal entity is to file an application, the charter and a document which proves that registration fees were paid. Private entrepreneurs are required to submit an application, a phorograph and a document proving that the registration fees were paid.

If all the required paperwork is properly submitted, it is prohibited to deny registration to an applicant.

The decree also simplifies the procedure for the liquidation of economic entities. The liquidation is carried out in accordance with the "one window" principle.

Belapan