The High Technology Park (HTP) of Belarus is one of the key elements of state support for the IT sector. Due to a special legal regime, HTP residents receive significant tax benefits, a simplified procedure for currency transactions and a number of other advantages that allow them to successfully run business in the high-tech sector. […]
Value-Added Tax (VAT) plays a key role in generating budget revenues and regulating economic activity in both the Russian Federation and the Republic of Belarus. In recent years, both countries have taken significant steps to harmonize tax rules within the framework of the Union State, aiming to remove barriers in mutual trade and create a […]
A legal address is the official address where a legal entity is registered and where its executive body is located. It is an important requisite for a company’s legal operation and interaction with state authorities, partners, clients, and tax services. In the Republic of Belarus, the concept of “legal address” is not directly enshrined in […]
Global teams are now the norm, and companies must keep up with how they manage salaries across countries. One major shift is toward decentralized payroll — a model that handles payroll locally in each country or region rather than centrally. This approach allows businesses to comply with local laws and pay employees in their local […]
Companies must decide which legal form to operate when entering new markets or expanding domestically. The most common options are to create a subsidiary or open a representative office The choice between these forms depends on the business’s goals, the scale of its operations, legal requirements, and tax burden. A subsidiary is an independent legal […]
In today’s globalized world, businesses are expanding beyond borders, and talent mobility is more important than ever. Companies are investing in global mobility programs more and more to facilitate international assignments, relocations, and cross-border work arrangements. These programs help organizations attract top talent, streamline international operations, and ensure compliance with immigration and tax regulations. For […]
The liquidation of a company is a process that affects the interests of a business, its partners, the government, and the company’s employees. In Belarus, as in other countries, the reasons for liquidation can differ, from economic difficulties and changes in the market situation to strategic decisions of the owners. In this article, we will […]
An effective organizational structure is the backbone of any successful business. It defines how roles, responsibilities, and authority are distributed within a company, ensuring smooth operations and clear communication. Choosing the right structure can improve efficiency, decision-making, and facilitate overall business growth. However, with multiple organizational frameworks available, choosing the best fit for your company […]
Understanding the difference between exempt and nonexempt employees is important for both businesses and workers. These classifications determine pay structures, overtime eligibility, and work expectations. In simple terms, exempt employees receive a fixed salary and are not entitled to overtime pay, while non-exempt employees are paid hourly and qualify for overtime when they work more […]
The Hi-Tech Park (HTP) in Belarus plays a key role in developing the country’s IT industry, creating favourable conditions for IT companies and actively participating in educational initiatives. Thanks to the HTP’s efforts, a unique IT training system is being formed in Belarus, covering all levels of education — from preschool to higher education. Today, […]
Recently, the work of many IT specialists has not been tied to the office. With the development of remote employment opportunities, more and more people are choosing the lifestyle of digital nomads, specialists who travel to different countries while maintaining a stable income. In response to this trend, many states have started offering special visas […]
In the modern world of professional activity, dismissal is becoming an integral part of everyone’s career. This situation often raises many questions: which reasons are acceptable for dismissal, and which may have negative consequences? Understanding these factors is important for both employees and employers. In this article, we will look at the main acceptable reasons […]
