A lot of IT group companies write their code in Minsk and keep the intellectual property somewhere else: a holding company in Cyprus or the Netherlands, the US parent, or a hub in the UAE. When the Belarusian company uses that IP to earn money, the group usually wants a royalty to flow back to […]
A lot of IT group companies write their code in Minsk and keep the intellectual property somewhere else: a holding company in Cyprus or the Netherlands, the US parent, or a hub in the UAE. When the Belarusian company uses that IP to earn money, the group usually wants a royalty to flow back to […]
Most foreign groups with a team in Belarus charge the local company for head-office support: finance, HR, legal, IT, and sometimes a share of senior management time. The logic is sound. The Belarusian entity uses those services, and someone has to pay for them. Problems start when the tax office asks for evidence. A management […]
Most foreign founders arrive in Belarus with an audit rule of thumb borrowed from home. In the EU, small companies are usually exempt, while in some jurisdictions every subsidiary is audited. Neither assumption holds in Minsk. Belarusian law decides who needs a statutory audit by status, size and a handful of specific events — not […]
Professional English-Speaking Accountants and Hr Admins in Belarus.
Beneficial ownership rules are the part of Belarusian compliance where foreign IT founders tend to be least ready. Because there is no public register to file into and no annual form to submit, the whole regime looks simpler than it is. It isn’t. The obligations are ongoing, event-driven, and enforced not by a single filing […]
Most international groups that own a Belarusian subsidiary aren’t physically in Minsk. The headquarters sits in London, New York, Dubai, Singapore, or Berlin. The CFO checks in over Slack, the board reviews quarterly numbers in a dashboard, and the only people on the ground are the engineering team, an accountant, and whichever statutory officers the […]
The digital economy has given rise to new financial models that combine traditional banking and blockchain technologies. One such model is a “crypto bank” — a company that operates with digital assets (tokens), provides custody services, supports cryptocurrency transactions, and integrates blockchain solutions into business processes within the High-Tech Park (HTP) regime in Belarus. A […]
Doing business in Belarus requires a careful and timely approach to taxation. For legal entities, proper organization of the tax payment process is essential for stable and successful operations, and it also forms the basis for maintaining good faith relations with government authorities. Tax payment involves many aspects, from choosing the appropriate tax regime and […]
Opening a bank account in Belarus is an important step for foreign companies and individuals who wish to conduct business, invest, or simply manage their finances in the country. The Republic of Belarus offers convenient conditions for non-residents to open accounts; however, this process has certain specifics that should be considered in advance. Today, Belarus […]
The conversation usually starts the same way. A senior engineer asks for a one-on-one, closes the door, and says they’ve been talking to another company. Sometimes there’s a written offer attached. Sometimes there isn’t. Either way, the next forty-eight hours will decide whether you keep one of the people your team can’t easily replace — […]
The Hi-Tech Park (HTP) in Belarus is a key driver in developing the country’s IT sector, providing favourable conditions for innovative companies and startups. The Supervisory Board plays a central role in the management and strategic development of HTP. It is responsible for making important decisions, coordinating the Secretariat’s proposals, and approving new residents. The […]
In the modern conditions of the dynamic development of the economy and the real estate market in Belarus, management companies are becoming an essential element of effective asset management and providing high-quality service to residential and commercial properties. The management company is an organization that takes responsibility for the management, operation and development of real […]
Creating your own IT company is an exciting and promising path for entrepreneurs who want to thrive in the field of high technology. The IT industry’s rapid development in Belarus makes opening a business in this area increasingly attractive. Belarusian legislation does not provide a separate way to open IT companies, IT companies are registered […]
