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. Electronic Money in Belarus According to Belarusian law, electronic money is a conventional unit representing […]
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 […]
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 — […]
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 […]
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 […]
The High Technology Park (HTP) of Belarus is one of the key elements of state support for the IT sector. Due to a special legal regime, HTP residents receive significant tax benefits, a simplified procedure for currency transactions and a number of other advantages that allow them to successfully run business in the high-tech sector. […]
Value-Added Tax (VAT) plays a key role in generating budget revenues and regulating economic activity in both the Russian Federation and the Republic of Belarus. In recent years, both countries have taken significant steps to harmonize tax rules within the framework of the Union State, aiming to remove barriers in mutual trade and create a […]
A legal address is the official address where a legal entity is registered and where its executive body is located. It is an important requisite for a company’s legal operation and interaction with state authorities, partners, clients, and tax services. In the Republic of Belarus, the concept of “legal address” is not directly enshrined in […]
Global teams are now the norm, and companies must keep up with how they manage salaries across countries. One major shift is toward decentralized payroll — a model that handles payroll locally in each country or region rather than centrally. This approach allows businesses to comply with local laws and pay employees in their local […]
Companies must decide which legal form to operate when entering new markets or expanding domestically. The most common options are to create a subsidiary or open a representative office The choice between these forms depends on the business’s goals, the scale of its operations, legal requirements, and tax burden. A subsidiary is an independent legal […]
In today’s globalized world, businesses are expanding beyond borders, and talent mobility is more important than ever. Companies are investing in global mobility programs more and more to facilitate international assignments, relocations, and cross-border work arrangements. These programs help organizations attract top talent, streamline international operations, and ensure compliance with immigration and tax regulations. For […]
The liquidation of a company is a process that affects the interests of a business, its partners, the government, and the company’s employees. In Belarus, as in other countries, the reasons for liquidation can differ, from economic difficulties and changes in the market situation to strategic decisions of the owners. In this article, we will […]
