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 […]
Salary payment issues are related to employee loyalty and are controlled by government agencies. Since January 1, 2024, there have been changes in the procedure for paying salaries in Belarus. In order to prevent employee complaints and inspections by government agencies, it is important for employers to follow a certain procedure. We recommend that you […]
Private clients often wonder whether it is possible to have yuan in Belarus, whether it is possible to put them in a bank (open a deposit account) and how financially profitable it is — what interest banks offer on deposits in yuan. Features of bank deposits in Belarus Individuals can put their money in a […]
Many people consider investing in foreign currencies as a good way to save and increase their savings in order to use them for important financial decisions in the future. At the same time, it should be understood that such an investment is subject to currency risks, so the decision to open a bank account in […]
The accounting service for IT companies in Belarus provides specialized accounting services, tax support and financial consulting, as well as personnel records management. Our accountants speak English and have extensive experience in interacting with financial institutions on money transfers to Belarus. Taking into account the specifics of IT companies’ activities, our service provides companies with […]
