HTP stands for High-Tech Park. It is a special economic zone in Belarus aimed at fostering IT and high-tech industries by providing favorable conditions for business development, including tax incentives, streamlined regulations, and a supportive ecosystem.

Work in HTP is organized within a legal framework that promotes innovation and growth. Companies in HTP benefit from simplified administrative procedures, tax exemptions, and access to a pool of skilled IT professionals.

To join HTP, companies need to meet certain criteria related to the nature of their business (primarily IT or high-tech related), have a physical presence or legal entity in Belarus, and comply with HTP regulations. Detailed information on eligibility and application procedures can be obtained from the HTP administration.

Benefits of being part of HTP include preferential tax rates (such as exemptions from corporate income tax and VAT), simplified visa procedures for foreign employees, access to modern infrastructure, and opportunities for networking and collaboration within the IT community.

The cost of accounting services in Belarus can vary depending on the complexity of the business operations, the volume of transactions, and specific service requirements. Generally, prices are competitive compared to Western European countries, reflecting the lower cost of living and labor in Belarus.

Outsourcing accounting services in Belarus offers several advantages, including cost savings, access to specialized expertise in Belarusian tax and accounting laws, compliance with local regulations, and the ability to focus on core business activities while leaving administrative tasks to professionals.

In Belarus, employees typically receive their salaries via bank transfer to their local bank accounts. Employers are responsible for ensuring timely payment in accordance with Belarusian labor laws and agreements.

Yes, we provide Employer of Record (EOR) services, which enable companies to expand their workforce in Belarus without setting up a legal entity. EOR services cover employment contracts, payroll management, compliance with labor regulations, and other HR-related tasks, ensuring smooth operations for international businesses entering the Belarusian market.

Companies in HTP benefit from significant tax incentives, including exemptions from corporate income tax, VAT, and property tax. This favorable tax regime aims to stimulate innovation and investment in IT and high-tech sectors within Belarus.

Spex – HTP provides comprehensive accounting and compliance services tailored to the regulatory environment of Belarus. Our team ensures that companies adhere to local tax laws, reporting requirements, and other regulatory obligations, minimizing risks and ensuring smooth operations.

HTP is designed for companies engaged in IT, software development, telecommunications, biotechnology, and other high-tech industries. To qualify, businesses must demonstrate their contribution to technological advancement and innovation in Belarus.

Yes, Spex – HTP offers assistance with establishing a legal entity in Belarus, including company registration, obtaining necessary licenses and permits, and setting up operational structures compliant with local laws and regulations.

Locating a business within HTP offers advantages such as preferential tax treatment, access to a skilled IT workforce, modern infrastructure, and a supportive business environment tailored to the needs of high-tech companies. These factors contribute to lower operational costs and enhanced growth opportunities.

Spex – HTP adheres to strict data security protocols and confidentiality agreements to protect client information. Our team utilizes secure IT systems, encryption methods, and best practices to safeguard sensitive data against unauthorized access or breaches.

Hiring foreign employees in Belarus involves obtaining work permits and visas, complying with immigration laws, and ensuring that employment contracts meet legal requirements. Spex – HTP assists clients with navigating these procedures to facilitate the hiring of international talent.

Yes, Spex – HTP offers advisory services for tax planning and optimization tailored to the Belarusian regulatory framework. Our experts analyze client-specific situations to identify opportunities for tax efficiency while ensuring compliance with local tax laws.