To qualify as a High-Tech Park resident, your company or individual enterprise must be involved in specific types of activities, including:

• Software Development: This includes the analysis, design, development, implementation, and documentation of information systems and software, such as computer games for any platform.
• Custom Software and System Integration: Developing software based on user specifications and creating automated control systems.
• Implementation and Support Services: Providing services related to the implementation, support, maintenance, and operation of information systems and software, including training for these systems.
• Software Development Lifecycle: Engaging in various phases of software development, including testing, refinement, and modification.
• Data Processing: Using third-party or proprietary software for data processing.
• Consulting Services: Offering consultancy to improve commercial and management practices, including managing the development and implementation of integrated information systems.
• Esports Activities: Involvement in esports, including team preparation, competition organization, broadcasting, and related advertising services.

• Aligning Activities: Ensure your business activities fall within the approved list for High-Tech Park residents. Engaging in non-permitted activities could jeopardize your residency status and tax benefits.
• Existing Contracts: Review all current contracts to ensure they align with the business plan submitted for residency. Any misalignment could impact your application.
• Tax System: High-Tech Park residents are not permitted to use the simplified tax system. Plan to transition to the general tax system before applying. If your residency status changes mid-quarter, apply the general tax system from the start of the month of residency and adjust your quarterly profit tax reports accordingly.
• Accounting Practices: Accounting practices before and after obtaining residency differ. For periods before residency, continue with the previous tax system and rates. Post-residency, follow the new accounting and tax guidelines.

Existing contracts must be consistent with the business project you present for residency registration. If your current contracts do not align with your proposed activities as a High-Tech Park resident, it may affect your application. Ensure that all contracts are reviewed and adjusted if necessary to match the business plan you submit.

High-Tech Park residents must use the general tax system, not the simplified one. Transitioning to the general tax system should be planned. If you are transitioning from a simplified system and receive residency status mid-quarter, you should apply the general tax system starting from the first day of the month in which you gain residency. Ensure that you file quarterly profit tax reports from the quarter following the transition.

As of April 2023, legislation has been updated to make the transition process more straightforward. Residency decisions are now effective from the first day of the month following the decision, rather than from the middle of a reporting period. This change simplifies tax and accounting practices for new residents, removing previous complications related to the timing of residency status changes.

Before gaining residency, accounting should follow the previous tax system and rates, without applying any resident benefits. After gaining residency, accounting practices and tax calculations must adhere to the guidelines for High-Tech Park residents. This includes applying the new tax system and rates from the date of residency.

Our team provides comprehensive support throughout the transition process, including:

• Consultation: Advice on eligible activities and necessary amendments to your charter or individual entrepreneur certificate.
• Document Preparation: Assistance in preparing and submitting documents required for residency registration.
• Business Project Development: Creation of business plans and other documents needed for residency.
• Accounting and Legal Support: Help with preparing accounting and legal documents and transitioning to the general tax system.
• Representation: Advocacy in dealings with government bodies and organizations during the application process.

For personalized guidance and support throughout your transition to High-Tech Park residency, please contact us. Our experts will provide tailored assistance to ensure a smooth and successful application process.