Belarus History, Economy, and More

A former Soviet republic, Belarus used to also be known by its Russian names of Byelorussia or Belorussia. Its capital and most populous city is Minsk. Since a referendum in 1995, the country has had two official languages: Belarusian and Russian. Although it doesn’t have an official religion, the majority of its population considers themselves Eastern Orthodox Christian.

Belarus is a landlocked country whose natural resources include peat deposits, small quantities of oil and natural gas, granite, dolomite (limestone), marl, chalk, sand, gravel, and clay. About 70% of the radiation from neighboring Ukraine’s 1986 Chernobyl nuclear disaster entered Belarusian territory, and about a fifth of Belarusian land (principally farmland and forests in the southeastern regions) was affected by radiation fallout.

Belarus has four UNESCO-designated World Heritage Sites: the Mir Castle Complex, the Nesvizh Castle, the Belovezhskaya Pushcha (shared with Poland), and the Struve Geodetic Arc (shared with nine other countries).

2021
May 1Labour Day
May 9Victory Day
May 10Public Holiday
May 11Radonitsa
July 3Independence Day of the Republic of Belarus
November 7October Revolution Day
December 25Catholic Christmas Day
  • Адкрытае акцыянернае таварыства, ААТ
  • Закрытае акцыянернае таварыства, ЗАТ
  • Індывідуальны прадпрымальнік
  • Прыватнае унітарнае прадпрыемства, ПУП
  • Таварыства з абмежаванай адказнасцю, ТАА
  • Corporate Tax: 18%
  • Income Tax (Lowest Marginal Rate): 13%
  • Income Tax (Highest Marginal Rate): 17%
  • VAT/GST/Sales Tax: 20% (standard rate), 10% (reduced rate)
  • Eurobank (Belarus) (Commercial Bank)
  • Belpromstroibank (Commercial Bank)
  • Bank Moscow–Minsk (Commercial Bank)
  • Belarussian bank of development and reconstruction (Belinvestbank) (Commercial Bank)
  • Belvnesheconombank (Commercial Bank)
  • Paritetbank (Commercial Bank)
  • Belarussian Industrial Bank (Commercial Bank)
  • Belagroprombank (Commercial Bank)
  • Bank of Reconversion and Development (RDB–Bank) (Commercial Bank)
  • Trustbank (Commercial Bank)
  • TECHNOBANK (Commercial Bank)
  • Golden Taler Bank (GT–Bank) (Commercial Bank)
  • Priorbank (Commercial Bank)
  • VTB Bank (Belarus) (Commercial Bank)
  • Absolutbank (Commercial Bank)
  • Delta Bank (Commercial Bank)
  • Credexbank (Commercial Bank)
  • Belarusky narodny bank (Commercial Bank)
  • Home Credit Bank (HCBank) (Commercial Bank)
  • ASTANAEXIMBANK (Commercial Bank)
  • Belarusbank (Commercial Bank)
  • BELROSBANK (Commercial Bank)
  • SOMBelBank (Commercial Bank)
  • Minsk Transit Bank (Commercial Bank)
  • International reserve bank (Foreign Bank)
  • Belorussian–Russian Belgazprombank (Foreign Bank)
  • Byelorussian–Swiss Bank (BelSwissBank) (Foreign Bank)
  • International Trade and Investment Bank (ITI–Bank) (Foreign Bank)

Aadmi can support you with your expansion to Belarus. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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