HTP CompaniesAdoption of the Decree makes Belarus the first world's jurisdiction with the overall legal regulation of businesses based on blockchain technology. Over the belarys years it was held 9 conferences for owners pwrk managers of IT outsourcing companies, top-managers, representatives of European business associations in this field. QATestLab, the offshore QA outsourcing provider, is opening a new high tech park belarus in UK to support its rapidly growing international customer base. The resident-companies of the Hi-Tech Park Belarus are exempt from all corporate taxes, including VAT on imported hardware and software systems to be used on high tech park belarus territory of Belarus to implement investment projects within their activities, as well oxandrolone china buy customs duties. Belarus Hi-Tech Park possesses the right of granting taxation preferences on a systematic basis.
Belarus Hi Tech Park
Not a member of Global Business Parks? The Decree is aimed at boosting the competitive power of the national new and high technology-based sectors, developing modern technologies and expanding their exports, as well as attracting to the sector both Belarusian and foreign technologies. Further the park scope will be extended to other perspective future-oriented industries: High Technologies Park aims at creating a unique business environment where economic and legal conditions for the high tech industry development will surpass anything available in other countries.
The park residents and investors will benefit from unprecedented economic incentives. Benefits in High Technologies Park. Residents of High Technologies Park are exempt from the following dues and taxes:. At its first stage, High Technologies Park will host legal entities or individual entrepreneurs engaged in:.
Non-residents of High Technologies Park can also take advantage of the benefits adopted for High Technologies Park residents. For this non- residents need to register their business project in High Technologies Park.
In case the goals of the business project comply with the park priority activities, the non-resident can benefit from the above-mentioned preferences while the business project is implemented. Investors who intend to invest in the High Technologies Park infrastructure and construction of buildings will be exempt from:. The increasing coefficient for the land tax levied in Minsk will not be applied to the buildings constructed within High Technologies Park.
Tax exemptions for residents of the High-Technologies Park. The High-Tech Park will occupy sq. Both legal entities and individual entrepreneurs can become High-Tech Park residents if they provide the Park Administration with the necessary registration documents and if they plan to perform business operations related to analysis, design and development of IT-systems software and data processing activities. The new Decree provides individuals with certain tax incentives.
High-Tech Park residents shall be exempt from the payment levied for inviting Belarusian citizens from other cities to work and reside in Minsk. Currently the payment for employing a non-Minsk resident is substantial, amounting to statutory base-units approximately USD 5, Certain goods imported into the Republic of Belarus for the purposes of activities indicated in the Decree will also be exempt from customs duties and VAT imposed by customs bodies. The list of imports is to be approved by the President of Belarus.
Park residents shall not be liable for the offshore fee when paying dividends to their parent companies. Under the general tax regime the offshore fee is payable if monetary funds have been transferred by a tax resident of the Republic of Belarus to a non-resident registered in an off-shore jurisdiction, or to off-shore bank accounts etc.
In addition, foreign currency received by Park residents for sales of their goods, works, services and intellectual property rights shall not be subject to obligatory sale.
Up to now, Belarusian companies operating in the high-tech sector have had difficulties in sustaining competitiveness as the high level of costs has checked development and growth in the sector. This Park of new technologies combined with the tax exemptions provided for in the Decree, will facilitate investment in and development of the new technologies sector in the Republic of Belarus. He has extensive experience in tax and legal due diligence on potential acquisition targets in the Republic of Belarus, in creating companies with foreign investment in Belarus and in appealing against the decisions of tax authorities both judicially and extra-judicially.
Currently he focuses on the international tax planning and structuring of inbound investments into Belarus. Viktor qualified as a lawyer in Belarus and is an active member of the International Fiscal Association. The territory of the Academic City is in close proximity of the Minsk main highway and the city ring road, which makes the site easily accessible via public and private transport.
Listing Options for Business and Industrial Parks. Options for Tenant Companies within business parks. Options for Ancillary Organizations. California Business and Industrial Parks Forum. San Joaquin Business Park Forum. Resources for doing business in different countries and regions. Meetings - Open Houses. Conception Bay South Industrial Park. Central Taiwan Science Park. Belarus High technology park.
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