Knowledge of the specifics of taxation is one of the critical aspects of the successful operation of any company, including IT companies in Belarus. It is essential to understand the specifics of the tax system to optimize the tax burden, comply with the law and avoid fines and other negative consequences. In addition, assistance in […]
The main asset of an IT company is its employees, and experienced managers realize that they need real professionals to create a world-class product. However, in the early stages of development, startups often cannot afford to provide employees with high salaries, a system of bonuses, provided meals in the office or other privileges. However, such […]
Salary payment issues are related to employee loyalty and are controlled by government agencies. Since January 1, 2024, there have been changes in the procedure for paying salaries in Belarus. In order to prevent employee complaints and inspections by government agencies, it is important for employers to follow a certain procedure. We recommend that you […]
The accounting service for IT companies in Belarus provides specialized accounting services, tax support and financial consulting, as well as personnel records management. Our accountants speak English and have extensive experience in interacting with financial institutions on money transfers to Belarus. Taking into account the specifics of IT companies’ activities, our service provides companies with […]
Foreign companies seeking to expand in the Republic of Belarus, first of all need to open an account in a local bank. Next, you will find a complete guide to the paperwork, the steps that need to be taken to open an account without difficulty. Types of accounts for global level businesses A foreign legal […]
When starting a business in the Republic of Belarus, choosing the right organizational and legal structure is crucial. Selecting between a Limited Liability Company (LLC) and a Closed Joint Stock Company (CJSC) is frequently the deciding factor in this decision. Since each option has advantages and disadvantages, choosing one is an essential first step in […]
Collect and check the biography of empoyees is a popular practice for protecting yourself and reducing any risks associated with the loss of money or reputation. If a new employee was involved in fraud at his previous job, generously shared classified information with competitors, or even stole, the company may suffer financial and reputational losses. […]
In the dynamic world of information technology, effective human resource management plays a key role in ensuring the success of an organization. However, it can be a difficult task for IT specialists to sort out the complicated issues of employment, contracts and benefits. In this article, study the key aspects of the differences between different […]
The main advantages of High-Tech Park in the field of taxation The Decree of the President of the Republic of Belarus “On the Development of the Digital Economy” added a number of tax benefits for the residents of the Park of High Technologies. Thus, HTP residents are exempt from value added tax when purchasing intellectual […]
Remote work: concept and main essence. Remote employment in Belarus Recently, amendments have been made to the Labor Code of the Republic of Belarus, which have regulated the concept and procedure for formalizing remote work. For example, telecommuting is work when an employee performs a job function outside the location of the employer. In this […]
What is social leave The Labor Code of the Republic of Belarus establishes that, in addition to the right to basic labor leave, employees have the right to social leave. The purposes for which social leave is granted are important. This can be motherhood, parenting, education, family and household needs and other goals. The employer […]
In what cases is a probationary period established? According to the Labor Code of the Republic of Belarus, a probationary period is a period of time to check the compliance of an employee with the work performed. It is preliminary in nature, that is, it can be set only once when an employee is hired. […]
