Business in Hi-Tech Park
The Hi-Tech Park of the Republic of Belarus (HTP) is an opportunity to profitably run a high-tech business with an office in the center of Europe. Decree of the President of the Republic of Belarus No. 8 of December 22, 2017 expanded the list of activities within the Park, and also provided new benefits and preferences. Both a new company and a company with experience can become a resident of HTP.

Benefits and opportunities
  • extraterritorial principle (the possibility of placing an office in any part of Belarus)
  • exemption from income tax (except: income from the alienation of shares, stocks, stakes, securities, income in the form of interest for providing money for use, income from the alienation of property formerly used by the resident)
  • exemption from VAT on transactions in the territory of Belarus (except: profits from the alienation of property formerly used by the resident)
  • offshore tax and customs duties
  • reduced rate of income tax for residents from the alienation of shares, stocks, stakes, securities, income in the form of interest for providing money for use
  • income tax benefits for individual entrepreneurs, employees of residents, owners of shares in a resident companies
  • benefits for compulsory state social insurance
  • within the framework of HTP – a smart contract is recognized as an official agreement
  • simplified corporate and labor legislation
  • elements of English law: a convertible loan, an option to conclude a contract, an agreement for the reimbursement of property losses, etc.
  • possibility of using crypto, of mining and of providing ICO


Resident:

  • to enter HTP: provides a business plan and a number of other necessary documents
  • must make deductions in favor of the Park Administration in the amount of 1% of the revenue
  • must annually conduct an independent audit the accounting statements

Types of activity
The Decree provides for 36 types of activities with which you can enter the HTP. They are listed in Appendix 1. The list is not exhaustive.

To enter the HTP with VINT Consult
VINT Consult together with its legal partner provides consulting services for obtaining the status of a Hi-Tech Park resident by company.

Service delivery process (VINT Consult + legal partner)
  1. consultation on the nuances of work in the HTP
  2. determination of types of activities under the Decree
  3. choosing a business registration form (for new companies)
  4. company registration (for new companies)
  5. choosing a bank to open an account (for new companies)
  6. writing a business plan for entering HTP
  7. preparation of other documents and their submission to the HTP


Additional options by VINT Consult:

  • carrying out a marketing research for a selected type of activity
  • consultations on the specifics of the Belarusian market
  • development of an internal business plan
  • business process modeling
  • recruitment
  • designing a benefit package for personnel
  • organizational culture consulting
  • search for IT customers in Europe and the USA


Additional opportunities from our partners:

  • annual audit of financial statements
  • legal services
  • accounting support of business
  • search for office space
  • rent a car
  • cleaning services
  • supply of necessary equipment

VINT Consult, LLC (Payer’s registration number 191689433)

Contact our office

Address: Republic of Belarus, 220114, Minsk, Filimonova Street, 20-1

Phone: +375 (29) 666-55-77
Email: info@vintconsult.com

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