The composition of the Supervisory Board of the company is the most important aspect of its management structure. Establishing clear membership criteria and understanding the dynamics of the board’s composition can significantly affect the effectiveness of this important management body. Membership Requirements: Re-election and early termination of powers Members of the Supervisory Board have 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”), […]

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 […]

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 […]

In the current daily changing circumstances, the urgent issue is the safe transfer of money to Belarus from abroad. This topic is especially relevant for freelancers and the IT industry working for export. It is important to note that there are still enough options for a quick transfer of money through banks in 2023. In […]

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 […]

In the world of international business, finding the right location can significantly impact your bottom line. Georgia, nestled at the crossroads of Eastern Europe and Western Asia, has emerged the opportunity center, thanks to its enticing taxation system inspired by the Estonian model. Further, we delve into the facets of Georgia’s favorable tax environment and […]

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. […]

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 […]