News

Obtaining a loan is commonplace for doing business or individual needs in Belarus. This action has its own peculiarities. One of them is a credit history. This article examines credit histories, how they are formed, why they are needed, and how they can be improved. What does the law say? Credit histories are formed based […]

The protection of intellectual property rights is gaining huge popularity, especially in IT technologies in Belarus. However, this type of protection has its own nuances. This article discusses the main aspects of intellectual property rights protection in the IT sector of Belarus and the possibilities of protecting the rights of developers in this sector. What […]

To receive the earned money from foreign customers, people in Belarus are choosing online payment systems. One of the most popular tools for receiving salaries has become the Payoneer payment system, which provides convenient ways to accept payments in some cases. This article talks about the specifics of working with Payoneer, which payment systems can […]

The international payment system Mir has gained popularity in the post-Soviet space over the past 10 years. Questions arise about the possibilities of international settlements and salaries being received on the cards of this system, about the use of the MIR card in Belarus and abroad. Spex Advisers specialists explain the features of MIR cards […]

Belarus provides various career paths, each with earning potential. Specialists explain sectors where professionals can earn top salaries. These industries value specialised skills and expertise, making them claimed. Let’s delve into the opportunities and outlook for working in high-paying fields. Salaries by type of economic activity The National Statistical Committee of Belarus (Belstat) has published […]

Freelancing in IT is an excellent opportunity for those who want to manage their time independently, choose projects at their discretion, cooperate with different companies and develop their skills in information technology. It may benefit IT companies in Belarus hiring freelancers to perform various tasks. In this article attorneys explain the features, the pros and […]

Intellectual property rights are a significant component of Belarusian information technology, regulating competition and safeguarding creators’ rights. Attorneys make it easier to understand the main aspects of intellectual property protection, including patenting, copyrights, trademarks, the method of registration of intellectual property, and measures to protect it. What patent is used for? A patent can protect […]

In the modern world of information technology, the labour market is constantly changing, and it is not easy to become a sought-after specialist. The rapid development of technology requires constant training and improvement from IT specialists. This article contains key points that will help you increase your value in the labour market and achieve success in […]

Creating your own IT company is an exciting and promising path for entrepreneurs who want to thrive in the field of high technology. The IT industry’s rapid development in Belarus makes opening a business in this area increasingly attractive. Belarusian legislation does not provide a separate way to open IT companies, IT companies are registered […]

Personal income tax is usually paid by employers. However, sometimes, there are situations when an individual who provides services in the IT field needs to file a tax return on his own and make a tax payment. Such an action has its own peculiarities and difficulties in the Belarusian legislation, and our experts help to […]

Knowledge of the specifics of taxation is one of the critical aspects of the successful operation of any company, including IT companies in Belarus. It is essential to understand the specifics of the tax system to optimize the tax burden, comply with the law and avoid fines and other negative consequences. In addition, assistance in […]

In the modern world, international investments play a key role in the development of the economies of various countries. Therefore, it is extremely important for foreign investors to have a complete understanding of the tax system in the country in which they plan to invest. In Belarus, income tax agents play an important role in […]

The main asset of an IT company is its employees, and experienced managers realize that they need real professionals to create a world-class product. However, in the early stages of development, startups often cannot afford to provide employees with high salaries, a system of bonuses, provided meals in the office or other privileges. However, such […]

Since February 2024, there have been some changes in the work of crypto brokers. Recall that crypto brokers are residents of the Hi—Tech Park in Belarus, who act as intermediaries between sellers and buyers of digital assets. New criteria for company’s head seeking HTP residency as crypto broker 1. Requirements for the Director When applying […]

Designs such as an option agreement have been available to High-Tech Park resident companies for more than 5 years. Starting from November 2024, these legal structures will be available to all resident companies in Belarus. Experienced lawyers who cooperate with residents of the Hi-Tech Park and are familiar with issues related to the conclusion and […]

Residents of the Belarusian Hi-Tech Park have the right to open bank accounts with foreign banks and carry out international financial transactions. Residents of the Hi-Tech Park can receive revenue from non-residents to accounts in foreign banks for their services, work performed and goods delivered. There are some peculiarities in the disposal of such revenue. […]

Proper withholding of income tax from payments to owners of companies is an important aspect of financial and legal discipline, which helps to prevent problems and maintain trust between owners and the company, as well as eliminates questions to the company from the fiscal authorities. Payments to business owners upon their removal from the list […]

It doesn’t matter if you are starting a new company or are already an existing company, HR issues take up time and resources. Basically, these are “paper” issues: paperwork related to employment, payroll, vacations and sick leave. That is, these functions are not directly related to the goals of the company. Partnership with an outstaffing […]