Due to the active development of information technologies, a number of companies use the services of developers from Belarus, and many open their businesses in the Belarusian “Silicon Valley” — a High-Tech Park. Each of these methods requires special attention and qualified legal assistance both at the beginning of cooperation with local developers, the Hi-Tech Park, and in the process of cooperation with them. Our experienced lawyers are ready to study your situation and answer questions related to your business in the Hi-Tech Park.
What is a High-tech Park in Belarus?
The main center of Belarusian information technologies is the Hi—Tech Park, which was established in 2005. As of January 1, 2023, 1,037 operating companies are residents of the Hi-Tech Park (HTP). More than 35% of HTP residents are companies with foreign capital. By the end of 2022, the volume of HTP production amounted to Br5 billion 315 million. About 69 thousand people worked in the Park. Today, the Park provides equal opportunities for both large enterprises with thousands of employees and small businesses of 3-5 people.
The peculiarity of the Hi-Tech Park in Belarus is that it represents a special territory for the development of innovative and high-tech companies. Conditions have been created here to attract foreign investment, develop research activities and support startups. The Hi-Tech Park provides infrastructure, tax incentives, access to investment and government innovation support programs, as well as special conditions for technological training and personnel development. Thus, the Hi-Tech Park stimulates the development of innovation and competitiveness of the Belarusian economy.
Features of registration of companies in the Belarusian Hi-Tech Park
- Clear registration procedure: The Hi-Tech Park provides special conditions for the registration of companies and individual entrepreneurs, provides information and documentary support, which accelerates the start of their activities.
- Tax benefits: Residents of the Hi-Tech Park are provided with tax preferences, including exemption from income tax and special income taxes.
- Infrastructure and support: Companies registered in the Park get access to modern infrastructure, including office space, laboratories, technology centers, as well as advice and support from experienced specialists.
- Access to financing: The Hi-Tech Park provides companies with access to investment and government innovation support programs, which helps to attract financing and business development.
What is the peculiarity of the activities of the residents of the Hi-Tech Park
The main feature of HTP residents’ activities is that, in addition to various areas of high-tech business, they can be operators of cryptoplatforms and cryptocurrency exchanges. HTP residents have been granted a number of tax benefits for activities with tokens and cryptocurrencies until January 1, 2025. In particular:
- HTP residents’ income from token transactions is exempt from value added tax and income tax.
- Turnover on the alienation of tokens, including alienation by foreign organizations, is not subject to value added tax.
- A company wishing to become a resident of the Hi-Tech Park can be located anywhere in Belarus.
- When concluding transactions with foreign companies, you can not sign physical documents on paper, but exchange electronic messages.
- Foreign business partners of Park residents may not sign other documents for the accounting of the Park resident company.
- A foreign employee of a resident company can obtain a temporary residence permit in a simplified manner.
How to organize cooperation with Belarusian developers in the field of information technology
Contracts are concluded with developers in the field of high technology:
- With companies — a license agreement or an agreement on the transfer of exclusive rights.
- With individuals — a contract for the provision of services.
- For further support, you can enter into other contracts, including mixed ones.
It is possible to conclude contracts with Belarusian developers — residents of the Hi-Tech Park using messaging, without signing a paper document by the two parties to the transaction.
In case of opening a business in Belarus, it is possible to hire individual developers on the basis of a contract or an employment contract.
Non—competition agreement with employees of the High-Tech Park resident company
When a business is opened in a High-tech Park, with employees who have high professional competencies and value in the labor market. It is possible to conclude a non-competition agreement.
According to such an agreement, the employee:
- must not work for hire or under a civil contract with competitors of the employer for a period specified in the agreement;
- undertakes not to open his own business in the same field;
- undertakes not to participate in the management of the employer’s competitor companies.
How we can be useful in the field of information technology
Our lawyers and attorneys are experienced specialists in the field of information technology and speak English. We can:
- Advise you on the specifics and options of working in the Belarusian market in the field of information technology;
- Advise you on the issues of registration of relations with companies and individuals for the performance of work, provision of services in the field of information technology;
- Prepare documents for the organization of interaction with Belarusian companies and individuals in the field of information technology;
- Represent your interests in government agencies and when concluding contracts in the field of information technology.
Contact us
If you have any questions in the field of information technology — we will be happy to help you! Our long-term experience in the field of information technology, organization of interaction with software developers, residency in the Hi-Tech Park will help you in resolving any disputes in this area.
Phone and email communication options are available for your convenience:
- +375293664477 (WhatsApp/Telegram/Viber);
- info@ambylegal.by.
