When choosing a legal form of business in Belarus, entrepreneurs most often consider a Limited Liability Company (LLC) and a Private Unitary Enterprise (PUE). Both options are widely used in practice; however, there are fundamental differences between them that directly affect the management structure, level of liability, rules for disposal of property, and opportunities for […]
In recent years, Belarus has increasingly become a notable destination for companies considering Eastern Europe as a new jurisdiction for doing business. A stable tax system, a strategic location between the EU and the EAEU, access to skilled talent, and the ability to operate under the special legal regime of the High-Tech Park (HTP), all […]
In modern society, personal data refers to any information that directly or potentially identifies an individual. In Belarus, legal regulations classify personal data to include not only standard identifiers such as full name, date of birth, and address, but also biometric information (e.g., fingerprints, iris scans) and genetic data. Until November 2021, the regulation of […]
With the rapid growth of international trade, resolving disputes between companies from different countries has become increasingly important. International arbitration is now one of the key tools for effectively and efficiently settling conflicts that arise in commercial relationships. Unlike traditional court proceedings, international arbitration offers parties flexibility, confidentiality, and independence. It allows them to choose […]
The company’s charter is one of the key documents that regulate the internal activities of any organisation and, at the same time, the founding document. The charter defines the basic principles of management, the rights and obligations of the participants (the owners who founded the company), and the procedures for making managerial decisions. The charter […]
The International Arbitration Court at the Belarusian Chamber of Commerce and Industry (IAC at the BelCCI) is an important institution that ensures the resolution of disputes in the sphere of commercial activity in Belarus and with the participation of foreign entities. Created to protect the rights and legitimate interests of participants in economic turnover, it […]
In the modern world of information technology, where innovation and the speed of implementation of new solutions are becoming key factors of competitiveness, the formalization of obligations between IT companies and their business partners plays an important role. As the basis of business relations, agreements define the rules of interaction, ensure the protection of the […]
In today’s high-tech world, where innovations and startups are becoming engines of economic growth, the Hi-Tech Park (HTP) in Belarus stands out as a unique opportunity. It offers companies not just opportunities, but a platform for successful operation and scaling. Obtaining Hi-Tech Park resident status opens access to tax benefits and specialized infrastructure, creating a […]
Lawyer and attorney are two terms often used in the legal field, but they are not synonymous. People frequently confuse these professions without realizing their fundamental differences and unique roles in the legal system. An attorney is a specialist with the right to defend clients’ interests in court, unique qualifications, and a license. While a […]
The issue of protecting confidential payment information is becoming particularly relevant in Belarus. One of the key aspects in this area is banking secrecy, which is a collection of information about customers and their financial transactions stored in banks and other financial institutions. In this article, we will consider the main aspects of banking secrecy […]
The IT industry continues to develop dynamically and attract more and more specialists. However, in addition to technical skills, it is crucial to consider a profession’s financial aspects. One of them is the payment of a tax on professional income when IT services are not provided within the framework of work duties. Our specialists can […]
Careful reading of the contract with the bank for cash and settlement services is important, because it allows you to understand all the conditions and rules that will regulate your interaction with the bank. Misunderstanding or ignoring these conditions can cause problems and troubles in the future. The contract with the bank for settlement and […]
