Most foreign founders carry the same mental model into a distribution. The subsidiary earns a profit, profit tax is paid, the shareholders declare a dividend, and the money lands in the parent’s account minus a single withholding line. It is a clean picture, and for a company incorporated in a calmer jurisdiction it would mostly […]
Most foreign founders carry the same mental model into a distribution. The subsidiary earns a profit, profit tax is paid, the shareholders declare a dividend, and the money lands in the parent’s account minus a single withholding line. It is a clean picture, and for a company incorporated in a calmer jurisdiction it would mostly […]
In international business, the right base can quietly reshape your margins. Georgia, sitting at the crossroads of Eastern Europe and Western Asia, has spent the last decade turning itself into a magnet for technology companies, borrowing heavily from the Estonian model of taxing profit only when it leaves the business. For IT founders the appeal […]
Ask a foreign founder what VAT their Belarusian High-Tech Park entity pays, and the answer is almost always the same: “Nothing — we’re exempt.” It is a reasonable belief, and most of the time it produces the right number. But it is the wrong mental model, and the gap between the model and the mechanics […]
Professional English-Speaking Accountants and Hr Admins in Belarus.
Beneficial ownership rules are the part of Belarusian compliance where foreign IT founders tend to be least ready. Because there is no public register to file into and no annual form to submit, the whole regime looks simpler than it is. It isn’t. The obligations are ongoing, event-driven, and enforced not by a single filing […]
Most international groups that own a Belarusian subsidiary aren’t physically in Minsk. The headquarters sits in London, New York, Dubai, Singapore, or Berlin. The CFO checks in over Slack, the board reviews quarterly numbers in a dashboard, and the only people on the ground are the engineering team, an accountant, and whichever statutory officers the […]
The digital economy has given rise to new financial models that combine traditional banking and blockchain technologies. One such model is a “crypto bank” — a company that operates with digital assets (tokens), provides custody services, supports cryptocurrency transactions, and integrates blockchain solutions into business processes within the High-Tech Park (HTP) regime in Belarus. A […]
Doing business in Belarus requires a careful and timely approach to taxation. For legal entities, proper organization of the tax payment process is essential for stable and successful operations, and it also forms the basis for maintaining good faith relations with government authorities. Tax payment involves many aspects, from choosing the appropriate tax regime and […]
Opening a bank account in Belarus is an important step for foreign companies and individuals who wish to conduct business, invest, or simply manage their finances in the country. The Republic of Belarus offers convenient conditions for non-residents to open accounts; however, this process has certain specifics that should be considered in advance. Today, Belarus […]
The conversation usually starts the same way. A senior engineer asks for a one-on-one, closes the door, and says they’ve been talking to another company. Sometimes there’s a written offer attached. Sometimes there isn’t. Either way, the next forty-eight hours will decide whether you keep one of the people your team can’t easily replace — […]
The Hi-Tech Park (HTP) in Belarus is a key driver in developing the country’s IT sector, providing favourable conditions for innovative companies and startups. The Supervisory Board plays a central role in the management and strategic development of HTP. It is responsible for making important decisions, coordinating the Secretariat’s proposals, and approving new residents. The […]
In the modern conditions of the dynamic development of the economy and the real estate market in Belarus, management companies are becoming an essential element of effective asset management and providing high-quality service to residential and commercial properties. The management company is an organization that takes responsibility for the management, operation and development of real […]
Creating your own IT company is an exciting and promising path for entrepreneurs who want to thrive in the field of high technology. The IT industry’s rapid development in Belarus makes opening a business in this area increasingly attractive. Belarusian legislation does not provide a separate way to open IT companies, IT companies are registered […]
