Investors and owners of companies-residents of the Hi-Tech Park enjoy more preferential conditions for receiving dividends than owners of companies that do not belong to the residents of the Hi-Tech Park. The article discusses the taxation regimes of dividends that resident companies of the Hi-Tech Park pay to individuals and companies, residents and non-residents. What […]
The products created by companies and individual entrepreneurs who are residents of the Hi—Tech Park are in demand outside Belarus from foreign companies. This brings foreign exchange earnings to residents of the Hi-Tech Park, but may raise issues of registration of contracts and primary accounting documents. The document flow adopted when doing business between residents […]
The inclusion of tokens in business activities has become a common practice for many companies. Functioning as digital signs in the information system, tokens, often recognized as cryptocurrencies, serve various purposes, primarily as an investment tool. Having the predominant global role of a universal medium of exchange, cryptocurrencies facilitate transactions between residents and non-residents of […]
Belarus has firmly established itself as a growing technological center, and its heart is the Hi-Tech Park (HTP). For enterprises and individual entrepreneurs seeking to immerse themselves in up-to-date information about the field of technology, the process of joining HTP and benefits, we have collected the latest news in one article. This guide describes the […]
Thanks to the creation of a regulatory framework that promotes innovation and provides a well-organized basis for the developing digital economy, Belarus stands out as a unique player in the rapidly developing cryptocurrency market. In accordance with Decree No. 8 (published on December 21, 2017 under the heading “On the development of the digital economy”), […]
To date, the cryptocurrency in Belarus has turned from a prohibited asset into a legal means of payment. In the legal environment, cryptocurrencies are divided into tokens and coins, and in accordance with Decree No. 8 of 2017, transactions with digital currencies are allowed by law, which gives individuals and legal entities the freedom to […]
Due to its restructuring through integration into the State entity known as the “Secretariat of the Supervisory Council of the High Technology Park,” the HTP Administration’s operations came to an end on August 4, 2023, when an official entry was made in the Unified State Register of Legal Entities and Individual Entrepreneurs of Belarus. Transition […]
In the heart of Eastern Europe there is a thriving center of innovation and technological progress – the Hi-Tech Park (HTP) in Belarus. This unique enclave offers a specialized tax and legal regime that resembles the famous Silicon Valley in the United States. This demonstrates Belarus’ commitment to stimulating the growth of high-tech industry, creating […]
How many IT companies in Belarus American IT companies The information technology market in the Republic of Belarus is dynamically developing, gaining momentum and becoming one of the strategic directions of doing business. Qualified employees, high salaries, privileges in the tax area – these distinctive features of Belarusian IT companies determine their success and the […]
For several years now, the Republic of Belarus has occupied one of the leading places in the world in terms of conducting IT business. This is largely due to the presence in Belarus of a special taxation regime for IT companies – the High Technologies Park. Introduction Today the Hi-Tech Park unites more than 1000 […]
Obtaining a work permit for an HTP employee The procedure for hiring foreign workers for HTP residents and non-residents is different. HTP residents are not required to obtain special permits for the right to work in the Republic of Belarus in relation to foreign citizens and stateless persons who do not have permits for permanent […]
Mandatory audit of an HTP resident HTP residents in accordance with Art. 22 of the Law of 12.07.2013 “On Auditing Activity” (as amended and supplemented) must annually conduct a mandatory audit of the annual individual and consolidated (if drawn up) accounting and financial statements, drawn up in accordance with the legislation of the Republic of […]
