News

Bank Information Disclosure for Non-Resident Accounts

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 […]

Daria Fedorova
By Daria Fedorova
24.07.2025
Closure or Sale of an IT Company in Belarus

The closure or sale of an IT company marks a critical and complex phase in the life cycle of any business. In the fast-evolving technology sector, such decisions may be driven by various factors: a strategic shift, the owners’ desire to focus on new projects, financial challenges, or an opportunity to exit the business profitably. […]

Daria Fedorova
By Daria Fedorova
22.07.2025
Opening a Bank Account in Belarus as a Russian Citizen

Opening a bank account in the Republic of Belarus is becoming increasingly relevant for Russian citizens. The reasons vary: some plan to do business, others have found employment in a Belarusian company, and many frequently visit the country and want to simplify transactions in the local currency. Belarus offers a relatively stable banking system, clear […]

Daria Fedorova
By Daria Fedorova
15.07.2025
Taxation of IT Companies in Lithuania

Lithuania is one of the most attractive jurisdictions in Europe for running an IT business. Thanks to its flexible tax policies, support for innovative industries, and access to the European Union (EU) market, the country actively attracts startups, software developers, fintech companies, and outsourcing teams. The Lithuanian government is consistently developing the digital economy by […]

Daria Fedorova
By Daria Fedorova
08.07.2025
Bank Account in Belarus vs Georgia

Today, more and more entrepreneurs and individuals are considering where to open a current account for business operations or personal financial management. This is especially relevant for Belarusian companies working in international markets, as well as for individuals who prioritize not only convenience but also the security of their funds. In recent years, Georgia has […]

Daria Fedorova
By Daria Fedorova
01.07.2025
Opening a Bank Account for a Non-Resident in Belarus

Opening a bank account in Belarus is an important step for foreign companies and individuals who wish to conduct business, invest, or simply manage their finances in the country. The Republic of Belarus offers convenient conditions for non-residents to open accounts; however, this process has certain specifics that should be considered in advance. Today, Belarus […]

Daria Fedorova
By Daria Fedorova
24.06.2025
Electronic Money in Belarus

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 […]

Daria Fedorova
By Daria Fedorova
17.06.2025
Taxation of IT Companies in Poland

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 […]

Daria Fedorova
By Daria Fedorova
10.06.2025
Types of Legal Entities for IT Companies in Belarus

Choosing the right legal structure is one of the key decisions when setting up an IT company in Belarus. It affects not only how the business operates but also taxation, investment opportunities, accounting requirements, and the legal liability of the participants. Belarusian legislation offers entrepreneurs several legal entity options suitable for the IT sector — […]

Daria Fedorova
By Daria Fedorova
03.06.2025
Bank Information Disclosure for Non-Resident Account Opening

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 […]

Daria Fedorova
By Daria Fedorova
27.05.2025
Dividend Payments in an IT Company in Belarus

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 […]

Daria Fedorova
By Daria Fedorova
20.05.2025