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Granting equity in 

the 

Belarus

 

Get to know everything about your taxation and reporting obligations in 

the 

Belarus

Looking to offer equity to team members in 
Belarus
?
Try Easop

Introduction

Regular employee

NSO

You can grant non-qualified stock options (NSO) to employees employed via a local subsidiary.

  • The company won’t have to report anything to the local (tax) authorities. It will be the grantee’s sole responsibility to report the necessary taxes.
    ‍
  • There are some regulatory requirements the company should take into account when granting stock options in Belarus to more than 50 persons in the country.
The tax treatment of stock options in Belarus is quite favorable: the grantee doesn’t have to pay any taxes before he/she actually sells the shares (so neither at the time of grant, nor at the time of exercise of the stock options).
  • Taxation takes place at the time of sale, on the difference between the sale price on the one hand and the exercise price paid by the grantee on the other hand. This amount is taxed at a flat rate of 13%. No social security contributions will be due at any time.
    ‍
  • There are some light registration/notification duties applicable when the grantee exercises the stock options.

‍

Employee via EoR

NSO

You can grant non-qualified stock options (NSO) to employees employed via an “Employer of Record” (EoR) in Belarus.

  • The company won’t have to report anything to the local (tax) authorities. It will be the grantee’s sole responsibility to report the necessary taxes.
    ‍
  • There are some regulatory requirements the company should take into account when granting stock options in Belarus to more than 50 persons in the country.
The tax treatment of stock options in Belarus is quite favorable: the grantee doesn’t have to pay any taxes before he/she actually sells the shares (so neither at the time of grant, nor at the time of exercise of the stock options).
  • ‍Taxation takes place at the time of sale, on the difference between the sale price on the one hand and the exercise price paid by the grantee on the other hand. This amount is taxed at a flat rate of 13%. No social security contributions will be due at any time.  
    ‍
  • There are some registration/notification duties applicable when the grantee exercises the stock options:

‍

Contractor

NSO

You can grant non-qualified stock options (NSO) to contractors, but there are certain nuances if the person is working via personal company vehicle (as an “individual entrepreneur”).

There are two main different forms under which a self-employed individual can perform his/her activities in Belarus:

  • as an “individual entrepreneur”

  • as a natural person working under a civil law contract

According to Belarussian law, only natural persons (and therefore not “individual entrepreneurs”) may hold shares in a company. The result is that, if the grantee works via a company (i.e. as an “individual entrepreneur”), our local lawyers recommend to grant the stock options to the natural person effectively performing the activities, and not to the company/individual entrepreneur.  

The company won’t have to report anything to the local (tax) authorities. It will be the grantee’s sole responsibility to report the necessary taxes.

  • There are some regulatory requirements the company should take into account when granting stock options in Belarus to more than 50 persons in the country.
The tax treatment of stock options in Belarus is quite favorable: the grantee doesn’t have to pay any taxes before he/she actually sells the shares (so neither at the time of grant, nor at the time of exercise of the stock options).
‍
  • Taxation takes place at the time of sale, on the difference between the sale price on the one hand and the exercise price paid by the grantee on the other hand. This amount is taxed at a flat rate of 13%. No social security contributions will be due at any time.  
    ‍
  • There are some light registration/notification duties applicable when the grantee exercises the stock options.

‍

Want to know more about equity in 

the 

Belarus

?

Discover everything you need to know about taxation and reporting obligations for you and your team in 

the 

Belarus

Get in touch