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 […]
Most IT companies operating in Belarus pay competitively in cash. That part is easy. The harder question — and the one founders, HR directors, and finance teams keep landing on — is what happens beyond the paycheck. Stock options, equity grants, RSUs, phantom shares, multi-year performance bonuses: all standard tools in San Francisco, Berlin, or […]
Almost every High Tech Park resident in Belarus is, in financial terms, a foreign-currency business with local-currency obligations. Customers settle invoices in USD and EUR. Salaries go out in Belarusian rubles. Taxes — including the HTP’s headline 1% on gross revenue — are paid in rubles. Office leases are usually denominated in dollars or euros […]
When founders look at the post-Soviet space for an engineering base, two destinations come up almost every time: Belarus’s High Tech Park and Armenia’s Engineering City. They get grouped together in pitch decks, slide-deck comparisons, and investor calls — usually under a heading like “tech-friendly jurisdictions.” The grouping is misleading. One is a country-wide tax […]
Closing an HTP-resident company in Belarus isn’t the kind of project you finish in a long afternoon. It’s a regulated multi-stage procedure that touches the tax authority, the social protection fund, the HTP Secretariat, your bank, your employees, and — if you don’t sequence it properly — your personal liability as a director or founder. […]
For an IT company operating in Belarus, multi-currency isn’t an edge case — it’s the normal week. You invoice a US client in dollars, pay a Lithuanian contractor in euros, settle a marketing bill in Russian rubles, and run domestic payroll in Belarusian rubles before the month closes. Four currencies in fourteen days is a […]
For IT companies looking at Belarus, the High-Tech Park is the prize that makes the rest of the paperwork worth doing. A 1% unified tax on revenue, no VAT on exports, zero corporate profit tax on qualifying activity, and payroll contributions tied to the national average wage instead of actual salaries — the combined effect […]
Belarus was one of the first countries in the world to give cryptocurrency a clear legal home, so it’s a fair question for any tech company hiring there: can you simply pay your developers in Bitcoin, USDT, or your own token? The honest answer is “sometimes, in specific ways, and almost never the way people […]
If your company runs an entity, an R&D center, or a team in Belarus, you already know the hard part isn’t the work — it’s moving the money. Paying a local vendor, funding payroll, or receiving revenue used to be a non-event. Since 2022, it can mean delays, returned transfers, and a long list of […]
You’ve signed off on a payment from your Belarusian entity — a software license fee to the parent company, a dividend to shareholders abroad, interest on an intra-group loan — and then someone in finance asks the question that stops the transfer cold: do we need to withhold tax before this leaves the country? For […]
Hiring engineering, design, or operations talent from Belarus is one of the most cost-effective ways to scale a tech team without diluting quality. The talent pool is deep, English proficiency is strong, and time zones align nicely with EU and Middle Eastern operations. What often gets underestimated is the paperwork on the data-protection side. The […]
The first thing most foreign founders learn about EOR in Belarus is that it works beautifully for the first hire. The second thing — usually 12–18 months later — is that the model that worked for one person doesn’t necessarily scale cleanly to ten. And by the time the team passes twenty-five, the structure that […]
