Belarus: Opening an Account for a Foreign Company 

Opening a bank account for a non-resident company in Belarus is possible in USD, RUB, EUR and BYN. After opening an account, bank clients are able to make transactions using Mastercard or VISA cards.

Benefits of opening bank accounts for foreign companies in Belarus include:

  • online banking services;
  • availability of Russian-speaking staff;
  • accounts for companies with a different range of activities can be opened;
  • fast application review.

Where Can One Open a Non-Resident Account in the Republic of Belarus?

It is possible to open an account for a foreign company in Belarus at:

  • BNB;
  • BelVEB;
  • RRB-Bank;
  • Zepter Bank;
  • BTA Bank;
  • Paritetbank.

Let’s take a closer look at each option.

Remotely Opening a Corporate Account in Belarus: BNB

The Belarusian Narodny Bank (BNB) is one of the largest commercial banks in the country. Those seeking to open an account for a company with foreign capital in Belarus should keep in mind the following features of this banking institution:

  • more than 27 years of stable operation;
  • wide range of services, including lending, leasing & trade finance;
  • availability of mobile and client banking (in Russian and English);
  • possibility to make transfers (OUR, BEN or SHA).

Those planning to open an account for a non-resident company with BNB must:

  • be physically present;
  • wait for up to 14 days for their application to be reviewed.

Opening an Account With a Belarusian Bank Without Being Physically Present: BELVEB

BelVEB is the leading bank in Belarus that specializes in providing services to private individuals and businesses, including SMEs. Those wishing to open a corporate account with a Belorussian bank without being physically present should keep in mind the following features of this banking institution:

  • a wide range of services, including deposits, loans, currency exchange and international transfers (SWIFT)
  • 28 years of impeccable service record;
  • availability of Internet banking;

Potential applicants are required to:

  • be physically present;
  • wait for up to 14 days for their application to be reviewed.

For more information or a personal consultation on opening an account with a Belarusian bank, please consider contacting YB Case.

Opening a Corporate Account with RRB-Bank

RRB-Bank is a large banking institution that provides services to both individuals and corporations. Some of its most sought after services include extending loans, accepting deposits, making money transfers and providing online banking services. Those intending to open an account for a foreign company in Belarus should keep in mind the following features of this banking institution:

  • more than 26 years of stable operation;
  • services provided in Russian and English;
  • KYC principle (i.e. additional documentation might be required).

Opening an Account with ZEPTER BANK

Licensed in Belarus, Zepter Bank is a European banking institution that specializes in providing services to individuals and SMEs. Some of its most sought after services include brokerage, deposits, SWIFT transfers, cash settlement and lending. Those looking to open an account for a company with foreign participation in Belarus should keep in mind the following features of this banking institution:

  • more than 12 ears of stable operation;.
  • online banking and mobile banking services are provided in Russian;

Potential applicants are required to:

  • be physically present;
  • wait for up to 14 days for their application to be reviewed.
Read also: Belarus

Opening a Bank Account in Belarus: BTA Bank

Those thinking about opening a bank account in Belarus should keep in mind the following features of this banking institution:

  • more than 18 years of stable operation;.
  • BTA Bank is headquartered in Minsk, the capital city of Belarus;
  • BTA Bank is a subsidiary of Kazakh-based BTA Bank;
  • a minimum balance of USD 100,000 is required;
  • BTA Bank has a license authorizing provision of financial services in the Republic of Belarus.

You can open an account with BTA Bank in BYN, USD, EUR and RUB. It is also possible to open a FOREX or gambling account.

Opening an Offshore Account in Belarus: Paritetbank

Those wishing to open an account with a Belarusian bank should definitely consider doing it with Paritetbank. Not only does it provide banking services in various currencies, but also has a license authorizing transactions with securities.

The bank’s clients receive the following benefits:

  • competitive rates for banking transactions;
  • Russian-speaking staff;
  • opening an account with Paritetbank in the Republic of Belarus within 14 days;
  • IBAN accounts.

And that wraps up our short review of the Belorussian banking sector. As you can see, opening a bank account for a non-resident in Belarus or opening a corporate account in Belarus is a process that requires thorough preparation. Please note that opening an account with a Belarussian bank will be much easier if you enlist the services of YB Case experts. You can contact them by filling out the Contact US form on our website.