Things to keep in mind:
Note: the CC is created in Belarusian rubles
1. Into the cash register of the company
When depositing the money in the company’s cash register, it is necessary to issue a cash receipt order (CRO) with the purpose "Formation of the authorized fund on behalf of [ХХХХХ] according to [document]”. Next, the money needs to be spent from the cash register of the company or deposited onto the current account by the representative of the Belarusian legal entity.
2. Onto the current account of the company.
Such an account needs to be created in advance. The charter capital is created in Belarusian rubles.
The money can be deposited onto the current account via:
In all of the mentioned cases the purpose of the payment must be stated as: “The formation of a charter capital on behalf of [XXXXX] according to [document]”.
A seemingly much easier route. One would think that all it takes for the foreign company is to make a payment order, send the money and that’s all. However, there are some nuances here too.
A few introductory points for your understanding:
The conclusion is simple: to determine the exact sum of money in foreign currency, needed for the creation of the charter capital, is very difficult and often impossible.
We recommend you to send the money in foreign currency with some reserve. When the money arrives to the current account, the accounting will demonstrate the part of the sum as the charter capital (CC) and the rest will be either:
In the purpose of payment you must specify: ”Capital formation according to ______________” or “formation of the statutory fund according to _____________”.
If you need help, feel free to contact our team through e-mail.