Dinamo-2 Minsk was founded in 1992 as a reserve team for Dinamo Minsk, replacing Dinamo-d Minsk, which competed in Soviet Reserves Top League before the dissolution of USSR. Dinamo-2 spent 1992 season in Belarusian First League and won the tournament. In order to get promoted, Dinamo-2 separated from its parent and became independent team. They were renamed to FC Belarus Minsk for the 1992-93 season, and finally to FC Dinamo-93 Minsk in 1993.
The team was quite successful: they finished second once (1993–94), and third three times (1992–93, 1994–95 and 1995). They also won Belarusian Cup in 1995 and reached the final again 1997. Due to these results Dinamo-93 were able to play in European Cups (Cup Winners' Cup in 1995-96, UEFA Cup in 1996-97 and Intertoto Cup in 1997).
In 1998, after playing 14 games of the championship and also having one automatic 0-3 loss for missing game in Vitebsk, Dinamo-93 withdrew from the competition due to lack of finances and disbanded.