In Belarus, the rules governing the management of business companies have changed
At the beginning of 2026, amendments entered into force to the Law of the Republic of Belarus dated 9 December 1992 No. 2020-XII “On Business Companies”, which affected the range of persons entitled to perform the functions of the executive body.
The key innovation is that an individual entrepreneur can no longer act as a manager of a business company.
Previously, the legislation allowed the powers of the executive body to be delegated to an individual entrepreneur under a management agreement. The legislator has abandoned this model.
Accordingly, references were removed from a number of articles of the Law to:
- an individual entrepreneur;
- a manager as a form of exercising the powers of the executive body.
At present, within a business company the functions of the executive body may be performed either solely—by a director or a general director—or collectively—by a management board or a directorate.
We note that the powers of the executive body may be delegated to another commercial organisation acting as a management company, on the basis of a civil-law contract.
What does this mean for business?
If your company is still managed by an individual entrepreneur, such a management structure no longer complies with the law. This creates legal risks regarding the legitimacy of decisions adopted and documents executed and signed.
Following the entry into force of the amendments, companies are advised to assess whether their current corporate governance model complies with the updated legislative requirements.
Author: Marina Matsiuk.
We are ready to carry out a legal analysis of the constituent documents and corporate procedures and to propose solutions to bring them into compliance with the new regulatory framework.
Contact a lawyer for further information
Contact a lawyer