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 […]

In Belarus, as in many other countries, personal data is regulated by legislation that protects the rights of citizens to their privacy and information security. Personal data in Belarus is any information related to an individual that can be used to identify him. This can be a name, address, phone number, passport data, information about […]