On Some Issues Concerning the Creation and Running of Holding Companies in the Republic of Belarus

With a view to identifying the legal status of a holding company, the procedure of its creation and terms of its functioning:

1. To determine that the holding company shall be an association of commercial organizations (participants of the holding company), in which:

1.1 one of the commercial organizations is the managing company of the holding company due to its ability to influence the decisions taken by the other commercial organizations participating in the holding company (subsidiaries of the holding company) in virtue of:

its owing 25 per cent or more of the ordinary (common) shares (stock in the statutory funds) of the subsidiaries of the holding company;

its managing the activities of the subsidiaries – unitary enterprises founded by the managing company of the holding company or in relation to which the managing company of the holding company has acquired the status of a founder on other grounds stipulated in legislative acts;

Please see the Russian version of this site for the full text of the Decree.