In Belarus, an individual can open a bank account not only in the national currency – Belarusian rubles, but also in euros. You can open a bank account yourself or with the help of consultants who will guide you on the terms of opening and servicing euro bank accounts in Belarusian banks. General conditions to […]

As a general rule, resident companies of the Hi-Tech Park are exempt from income tax, except when they perform the duties of a tax agent. However, there are transactions that you need to pay attention to in order to prevent non-payment of income tax. How much is the income tax paid on The amount from […]

Investors and owners of companies-residents of the Hi-Tech Park enjoy more preferential conditions for receiving dividends than owners of companies that do not belong to the residents of the Hi-Tech Park. The article discusses the taxation regimes of dividends that resident companies of the Hi-Tech Park pay to individuals and companies, residents and non-residents. What […]

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 […]

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 […]

We reveal interesting details on the latest report of the National Statistical Committee on wage trends in Belarus for August 2023. According to Belstat, the average salary of Belarusian workers for August 2023 was 1962.4 rubles. This marks a significant increase of 29.3 rubles compared to the previous month. Regional Disparities It should be noted […]

The main advantages of High-Tech Park in the field of taxation The Decree of the President of the Republic of Belarus “On the Development of the Digital Economy” added a number of tax benefits for the residents of the Park of High Technologies. Thus, HTP residents are exempt from value added tax when purchasing intellectual […]

Dear Clients and Partners! At your request, we have collected and systematized data on the salaries of IT specialists in the Republic of Belarus in 2020 – Q1 2021. These figures are based on the data of vacancies closed by us, job search sites, dev.by, tut.by, rabota.by , as well as requests from our clients […]

Minimum salary in Belarus in 2021 The minimum wage (monthly and hourly) is applied by the employer when paying employees for work under normal conditions during normal working hours while fulfilling the employee’s duties arising from the legislation, the LPLA and the employment contract, taking into account the hours worked. From 01.01.2021 the minimum wage […]