Expert HTP company liquidation services, ensuring a smooth and efficient closure process.
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.
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
Efficiently manage the entire process of HTP company liquidation, ensuring compliance with all regulatory requirements and minimal disruption to your business operations.
Provide end-to-end support for all company processes during the liquidation phase, ensuring seamless and efficient company closure with minimal cost.
Handle all accounting matters, from financial reporting to compliance, ensuring a clean and efficient closure of financial accounts.
Provide expert legal guidance throughout the liquidation process, from initial compliance checks to resolving any legal disputes that may arise.
Manage workforce transitions smoothly, including employee terminations, compliance with labor laws, and support for outplacement services.
PEO
Want to manage developers from Belarus without creating a legal entity? PEO is at your service.
Company Liquidation Process
Grounds for Termination of HTP Residency
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
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
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
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
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
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.
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.
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.
- 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..
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.
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.
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.
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.
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.
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.
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.
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.
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.
HTP invests in education and skills development by supporting IT-related educational programs, providing scholarships, and promoting lifelong learning opportunities for IT professionals.
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.
Contact us
-
Limited Liability Company “Spex Advisers”Certificate of state registration issued by the Minsk City Executive Committee on July 4, 2018. Registration number: 193101292
-
E-mail
-
Telephone\WhatsApp
-
AddressOffice: 8 Kirova str., office 21, Minsk, 220030, Belarus. Postal address: 38 Novovilenskaya str., office 21, Minsk, 220053, Belarus
-
Working hoursMonday-Friday 9:00-19:00
