You decided to set up a subsidiary in Belarus without relocating anyone. The engineering team will hire locally, the parent will fund from abroad, and the day-to-day will be handled by a Minsk-based management company. On paper this is a clean setup. In practice, it works only when the delegation is drafted precisely — because […]
Most foreign IT companies looking at Belarus stop reading after three letters: HTP. It’s understandable. The High-Tech Park has the best marketing, the cleanest English-language materials, and a tax profile that makes the math easy to model. For a lot of software companies, it’s genuinely the right answer. But not for all of them. We […]
Nobody accidentally under-invests in document legalization. They under-schedule it. Every failed Belarusian setup we see loses two to six weeks in the same three or four places — and none of them are legal complexity. They’re order-of-operations mistakes: notarizing after the apostille instead of before, translating in the wrong country, issuing a Certificate of Good […]
Four months into a senior backend hire, the engineer resigns. The offer letter is somewhere in your onboarding folder. The signing bonus has been paid. The recruitment agency invoice cleared in month one. Now you are opening the recruitment contract for the first time since you signed it — trying to figure out whether you […]
You are three weeks into a senior backend hire in Minsk. The candidate is strong, the offer is drafted, and your recruiter comes back with an awkward message: the standard reference-check request you sent through — the same one you use for every senior hire — is creating friction. The candidate is offering different referees […]
If you are evaluating Belarus as your next R&D hub, back-office location, or talent pool, you will quickly notice something: most of the market research online was written for someone else. Generic country reports, macro PESTEL analyses, and vendor pitch decks do not answer the questions a CFO or Head of Expansion actually asks before […]
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 […]
