In the context of the rapid growth of the international IT business, there is an increasing need to address issues related to debt recovery from Belarusian partners in favor of foreign companies. For non-residents, such situations can be particularly challenging: it is necessary to take into account the specifics of local business regulations, the procedures […]
Belarusian IT companies and startups are increasingly exploring different options for development: some choose the Hi-Tech Park (HTP) in Belarus, while others opt for Polish business incubators. Both tools aim to support businesses, but they operate under different rules and pursue different goals. The HTP is a special legal regime for IT companies in Belarus, […]
International settlements have become an integral part of business for Belarusian companies that work with foreign partners, provide services abroad, or, conversely, engage overseas contractors. This applies not only to large industrial enterprises but also to representatives of the IT sector, marketing agencies, consulting firms, and other areas focused on the global market. However, making […]
In Belarus, self-employed individuals are those who officially work for themselves without registering as an individual entrepreneur (IE) or legal entity, yet are required to pay taxes on their income. This status suits IT specialists working remotely, photographers, beauty professionals, developers, designers, and other specialists who work independently. Self-employed individuals have specific taxation rules: they […]
Having a bank account is now a vital part of both personal and business life. Choosing the proper banking jurisdiction is a significant decision. This selection greatly influences many aspects of financial management, such as the accessibility of funds, the speed and efficiency of transactions, and the general terms of service provided by the bank. […]
The IT sector remains one of the fastest-growing industries in the Russian economy. The government considers digital technologies a top development priority, which is why special tax regimes and benefits have been introduced for IT companies. These measures aim to support innovative projects, foster the creation of competitive digital solutions, and attract investment into the […]
With growing migration, international remote employment, and increasing currency restrictions, more people are seeking alternative jurisdictions to open personal bank accounts. The choice of country affects access to finances, fees, currency options, and the convenience of online banking. Among popular destinations for Belarusian citizens are local Belarusian banks and banks in Kyrgyzstan. Both options have […]
Doing business in Belarus requires a careful and timely approach to taxation. For legal entities, proper organization of the tax payment process is essential for stable and successful operations, and it also forms the basis for maintaining good faith relations with government authorities. Tax payment involves many aspects, from choosing the appropriate tax regime and […]
Opening a foreign bank account is becoming increasingly important for entrepreneurs, freelancers, and IT companies from CIS countries. In recent years, Armenia and Belarus have gained popularity as two jurisdictions offering relatively straightforward conditions for opening a bank account. However, upon closer comparison, Belarus proves to be more convenient and predictable in many aspects. The […]
Many companies exploring platforms for IT business development compare Kazakhstan’s Technopark — Astana Hub with Belarus’s Hi-Tech Park (HTP). However, HTP consistently remains the more attractive option due to its flexible legal framework, effective tax incentives, and proven mechanisms for supporting the IT ecosystem. If you’re seeking a reliable platform for IT services export, investment […]
The issue of information confidentiality is a key aspect of banking operations worldwide, and Belarus is no exception. One of the most important principles of banking is the observance of banking secrecy, a legal regime designed to protect information about clients, their accounts, and transactions. When opening a bank account, every client has the right […]
Opening a bank account in Belarus as a non-resident a foreign company, representative of a foreign business, or individual who does not have permanent residence in the country is associated not only with KYC compliance procedures, but also with confidentiality issues. Naturally, the question arises: who and under what circumstances can access the information provided […]
