With the growth of non-cash payments and digital technologies, electronic money has become important in Belarus’s financial system. Today, it is actively used by both individuals and businesses, for example, to accept payments for goods and services through payment platforms. According to Belarusian law, electronic money is a conventional unit representing the issuer’s monetary obligations […]

For several years, Poland has ranked among the top European countries for conducting business in the field of information technology. Its developed infrastructure, access to the European market, highly qualified specialists, and government support make this jurisdiction attractive for IT companies from various countries, including Belarus. However, before establishing a company or relocating a team […]

When opening a bank account in Belarus, a non-resident must consider not only the internal requirements of banks but also the norms of legislation in the fields of currency regulation, customer identification, and combating financial violations. In practice, foreign individuals and legal entities often have a question: in what cases and to whom can or […]

Over the last few years, Belarus has continued to develop its IT sector, creating favorable conditions for companies that work in the IT sphere. A special role in this process is assigned to the High Technology Park (HTP), which offers residents tax benefits and preferences. Since 2025, the tax policy in the country has undergone […]

Value Added Tax (VAT) plays a crucial role in budget revenue generation and economic activity regulation in the Russian Federation and the Republic of Belarus. Over the last few years both countries have taken significant steps towards the harmonization of tax forms within the Union State in order to eliminate barriers to mutual trade and […]

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 […]

Information technologies are a special part of the modern economy, and states strive to create favourable conditions for their development. In Belarus, one of these support tools is the Hi-Tech Park (HTP), which offers unique tax benefits to IT companies.  These benefits not only help to reduce companies’ financial costs but also create incentives to […]

The modern world of IT technology is growing rapidly, and with this growth, new opportunities are emerging for professionals and entrepreneurs. One of the key factors in choosing a country to do business in is the tax conditions. Poland and Belarus are two countries with developing IT sectors, and they are interesting examples from the […]

In 2024, the global labour market has undergone notable shifts, sparking widespread interest in wage trends and their driving factors. Across Europe and beyond, including Belarus, incomes are rising, driven by post-pandemic economic recovery, increased investment in innovative industries, and growing demand for skilled labour in specific sectors. These changes, however, vary greatly depending on […]