OREANDA-NEWS. Beginning from February 1, 2009 the application principle of the state registration of the managing subjects is set up in the Republic of Belarus (according to the Decree №1 signed by the President of the Republic of Belarus on 16.01.2009). This improvement considerably simplifies the procedure of the state registration, reported the press-centre of Grodnoinvest:

The registration will be carried out on the day of submission. The list of documents for submission is cut down: one needs only an application, a company Statute and a receipt confirming the payment of the state duty.

The state registration of the legal person will be carried out only by stamping the company Statute and making an entry in the Unified State Register of Legal Bodies and Individual Entrepreneurs. The State Registration Certificate is given on the following working day.

After receiving the company Statute with the state registration stamp the legal person is allowed to begin the business activity on the day following the day of the application to the registering authority.

The lower limit for statutory funds of the commercial organizations is canceled. The amount of the statutory fund is defined by the legal person.