Expert HTP company liquidation services, ensuring a smooth and efficient closure process.

High-Tech Park in Belarus

Management, Accounting and Recruiting services for HTP residents. HTP entry.

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Management

Management of IT companies and R&D in Belarus.

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Accounting and payroll

Experienced English-speaking accountants and payroll specialists.

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Direct EOR/PEO services provider

Quick onboarding of your staff in Belarus. Save time and costs.

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Additional services

Office search, procurements, domiciliation, outsourcing HR department and many more.

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Ликвидация ПВТ Беларусь

Reasons to Exit HTP

Companies may decide to exit the HTP due to various reasons such as shifts in business priorities, market dynamics, or regulatory changes that impact their operations. Some may find that the initial benefits and incentives offered by the HTP no longer align with their strategic goals or that maintaining compliance has become challenging under evolving regulations. Exit from HTP can also be driven by strategic restructuring or consolidation efforts within the company.


We Can Help You Exit Smoothly


Our dedicated team specializes in helping with a smooth exit from the HTP, ensuring minimal disruption to your business operations. We handle all aspects of the exit process, including comprehensive legal compliance, asset disposition, and communication with stakeholders. Our goal is to streamline the transition, protect your interests, and maximize efficiency during the exit phase, allowing you to focus on your core business priorities with confidence.


Ликвидация ПВТ Минск

All-in-one solution

We provide extensive support throughout the entire exit journey from the HTP. Our services encompass detailed planning, meticulous documentation preparation, and strategic advice tailored to your specific needs. Whether it’s managing regulatory obligations, optimizing asset distribution, or navigating complex administrative procedures, our team ensures that every aspect of your exit strategy is executed with professionalism and precision. Trust us to safeguard your interests and achieve a smooth transition out of the HTP zone.


Our Services

HTP Company Liquidation

Efficiently manage the entire process of HTP company liquidation, ensuring compliance with all regulatory requirements and minimal disruption to your business operations.

Comprehensive Support

Provide end-to-end support for all company processes during the liquidation phase, ensuring seamless and efficient company closure with minimal cost.

Accounting Closure

Handle all accounting matters, from financial reporting to compliance, ensuring a clean and efficient closure of financial accounts.

Legal Services

Provide expert legal guidance throughout the liquidation process, from initial compliance checks to resolving any legal disputes that may arise.

HR Transition

Manage workforce transitions smoothly, including employee terminations, compliance with labor laws, and support for outplacement services.

Final Reporting and Closure

Ensure all necessary reports and filings are completed accurately and on time, facilitating a prompt and orderly closure of your company.

PEO

Want to manage developers from Belarus without creating a legal entity? PEO is at your service.

Company Liquidation Process

1
Decision to Liquidate and Appointment of Liquidator
Choosing the right liquidator is essential to avoid delays. The liquidator must meet requirements to ensure a smooth process.
2
Notification of Authorities, Debtors, and Creditors
Inform the registering authority, as well as the company’s debtors and creditors, about the commencement of the liquidation procedure.
3
Conducting Inventory
Perform a comprehensive inventory of the company’s assets to ensure accurate accounting and facilitate the liquidation process.
4
Employee Termination
Employees can be terminated before the liquidation. Proper planning can help avoid unnecessary financial expenses related to termination.
5
Supervision of Government Inspections
Oversee any inspections conducted by government bodies to ensure compliance and address any issues that arise.
6
Settlements with Legal Entity Participants
Resolving financial obligations and ensuring equitable distribution of assets for a smooth liquidation process and mitigating disputes.
7
Preparation and Submission of Documents to Archive
Prepare and submit all documents to the archive, ensuring compliance with legal standards and the preservation of accurate records necessary for future reference.
8
Closure of Bank Accounts
Facilitate the closure of the company’s bank accounts, a crucial final step in the liquidation process to ensure all financial ties are severed and assets properly distributed according to legal requirements.
9
Submission of Liquidation Documents to Registering Authority
Compile and submit comprehensive documentation to the registering authority, marking the formal conclusion of the liquidation process and fulfilling all legal obligations to dissolve the company.

Grounds for Termination of HTP Residency

Voluntary Withdrawal by HTP Resident

Voluntary Withdrawal by HTP Resident

The HTP resident initiates the termination of their residency status by submitting a formal request. This process involves a thorough review to ensure all legal and financial obligations are met.

Refusal to Sign HTP Activity Agreement

Refusal to Sign HTP Activity Agreement

The HTP resident declines to enter into the mandatory agreement that outlines the conditions and obligations of their residency. This refusal can lead to the automatic termination of their HTP status.

Non-compliance with HTP Agreement or Regulations

Non-compliance with HTP Agreement or Regulations

The HTP resident fails to fulfill or improperly fulfills the terms specified in the activity agreement and/or does not adhere to the regulations set forth by the HTP. This includes any breaches of operational standards or guidelines.

Failure to Meet Business Project Conditions

Failure to Meet Business Project Conditions

The HTP resident does not comply with the specific conditions and milestones outlined in their approved business project plan. This non-compliance can result in a review and potential revocation of their residency status.

Non-compliance with HTP Administration Directives

Non-compliance with HTP Administration Directives

The HTP resident fails to address violations identified by the HTP Administration, particularly those related to anti-money laundering, counter-terrorism financing, and the non-proliferation of weapons of mass destruction. This non-compliance can lead to serious legal consequences and loss of residency.

FAQ

What is HTP?

HTP (Park of High Technologies) is a special economic zone in Belarus aimed at fostering innovation and IT development. It provides favorable conditions for IT companies to operate and grow.

How can one join HTP?

To become a member of HTP, companies must meet specific criteria set by the Belarusian government. This includes demonstrating a focus on IT and innovation, meeting legal requirements, and applying for residency status within ПВТ.

What are the benefits of being a resident of HTP?

Residents of HTP enjoy significant tax benefits, including exemptions from corporate income tax, VAT, and personal income tax on IT-related activities. Additionally, they benefit from simplified administrative procedures and access to state support for innovation.

What are the key Figures and Facts about HTP?
  • HTP was established in 2005 to promote the IT industry in Belarus.
  • As of 2024, ПВТ hosts over 1000 resident companies.
  • The total export of IT services from ПВТ exceeds $2.5 billion annually..
What types of activities are eligible within HTP?

HTP residents are primarily engaged in software development, IT consulting, cybersecurity, data processing, and other high-tech activities. The zone encourages innovation and technological advancement across various IT sectors.

Who is eligible to become a member of HTP?

Companies and individual entrepreneurs engaged in IT-related activities, including software development, research and development in IT, and other high-tech fields, are eligible to apply for residency in HTP.

How is residency in HTP regulated?

Residency in HTPis regulated by the Ministry of Economy of Belarus. Applicants must submit detailed business plans, demonstrate their financial stability, and adhere to the regulations set forth by HTP authorities.

What support does HTP offer for startups and small businesses?

HTP provides various forms of support for startups and small businesses, including access to infrastructure, mentoring programs, networking opportunities, and assistance with legal and administrative procedures.

How does HTP contribute to the local economy?

HTP plays a crucial role in the Belarusian economy by attracting foreign investments, creating high-skilled jobs, fostering technological innovation, and boosting the export of IT services, thus contributing significantly to GDP growth.

How does HTP ensure compliance with international standards and regulations?

HTP adheres to international best practices and standards in IT governance, cybersecurity, intellectual property protection, and data privacy. It collaborates with international organizations to maintain high standards of operation.

What are the steps involved in setting up a business in HTP?

Setting up a business in HTP involves several steps, including application submission, approval by the authorities, signing a residency agreement, and compliance with local laws and regulations.

How does HTP facilitate international collaboration?

HTP encourages international collaboration through partnerships with global IT companies, participation in international tech events and conferences, and facilitating cross-border cooperation in research and development.

What are the future plans and developments for HTP?

HTP continues to expand its infrastructure, attract foreign investments, enhance support for startups and innovation, and strengthen its position as a leading hub for IT development in the region.

How does HTP contribute to the development of human capital?

HTP invests in education and skills development by supporting IT-related educational programs, providing scholarships, and promoting lifelong learning opportunities for IT professionals.

What are “Special” Violations and Their Consequences?

Violation of Revenue Profiling Condition

Non-compliance with the requirement for revenue profiling as per section 18 of the HTP Regulations can lead to penalties and potential revocation of HTP residency status.

Violation of Property Rental Procedures

Breaching the established procedures for leasing property, as stated in paragraph 19 of the HTP Regulations, can result in fines and loss of privileges within the HTP.

Violation of Loan Provision Procedures

Failing to adhere to the proper procedures for offering loans, according to paragraph 19 of the HTP Regulations, can lead to legal repercussions and jeopardize HTP residency status.

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    • Limited Liability Company “Spex Advisers”
      Certificate of state registration issued by the Minsk City Executive Committee on July 4, 2018. Registration number: 193101292
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      Office: 8 Kirova str., office 21, Minsk, 220030, Belarus. Postal address: 38 Novovilenskaya str., office 21, Minsk, 220053, Belarus
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      Monday-Friday 9:00-19:00