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The new procedure for receiving and distributing profits and dividends for foreign shareholders in Belarusian companies
Starting from 16 September 2023, in accordance with the Presidential Decree No. 285 (available in Russian only) dated 13 September 2023, a new procedure for obtaining and distributing profits and dividends for foreign shareholders and owners of property from unfriendly countries* (hereinafter referred to as foreign participants) will enter into force in Belarus. *The list of […]
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Belarus: reminder about annual meetings of shareholders and reports on the activities of representative offices
As 2023 picks up pace, the time comes to assess the results of the previous year and comply with corporate formalities related to the approval and filing of annual reports. For entities operating in Belarus the applicable requirements and deadlines are as follows: for joint-stock, limited liability and additional liability companies: to conduct an annual […]
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Belarusian government published laws re new restrictive measures
On 6 January 2023 the Belarusian government published laws regarding new restrictive measures in connection with the political and economic situation. The measures are referred to: Transfer of companies to temporary external management; Seizure of property; Intellectual property (IP) restrictions. Transfer of companies to temporary external management Commercial companies in Belarus may be transferred to […]