A director of a company with foreign participation in Belarus can be a citizen of any country. There are no specific nationality requirements for directors of such companies. However, foreign directors may need to obtain work permits or visas if they plan to reside and work in Belarus on a regular basis.

When choosing a name for your IT company, think about what your business does and what you want people to remember. Keep it simple, easy to spell, and catchy. Check if the name is available for a website and trademark. You can use descriptive names, creative names, acronyms, or words that have special meanings. Test your name with others to see what they think.

IT companies in Belarus can choose between the general and simplified taxation systems. The general system includes corporate income tax, VAT, and other taxes. The simplified system has a single tax and no VAT. Companies in the High Technology Park (HTP) enjoy tax benefits. It’s best to talk to a tax expert to find the right system for your business and make sure you follow all tax laws.

The HTP offers several significant benefits to IT companies operating in Belarus:

• Tax Incentives: Enjoy a reduced corporate income tax rate and exemptions from certain other taxes.
• Simplified Legal Procedures: Benefit from streamlined administrative processes and reduced bureaucratic burdens.
• Access to a Skilled Workforce: Tap into a pool of highly qualified IT professionals.
• Infrastructure and Support: Utilize modern infrastructure, including office space, IT facilities, and business support services.
• International Recognition: Enhance your company’s reputation and credibility in the global IT market.
• Opportunities for Growth: Expand your operations and attract investment in a favorable business environment.

By joining the HTP, IT companies can gain a competitive edge and achieve long-term success in Belarus.

Yes, a foreign citizen can be a director of a legal entity in Belarus. There are no specific nationality requirements for directors of companies in Belarus. However, foreign directors may need to obtain work permits or visas if they plan to reside and work in the country on a regular basis.
It’s important to consult with local authorities or legal professionals to ensure compliance with any specific requirements or restrictions that may apply to foreign directors.

The amount of money you need to start a company in Belarus depends on the type of company you want to form and what you plan to do with it. Generally, you’ll need to have some money for things like registering the company, paying taxes, and renting office space. It’s a good idea to talk to a lawyer or accountant to get a better idea of how much money you’ll need. Typically, a minimum authorized capital for LLC of 10,000 Belarusian rubles is sufficient. The minimum authorized capital for a JSC depends on the type of shares issued. For ordinary shares, it’s usually 50,000 Belarusian rubles, while for preferred shares, it’s 100,000 Belarusian rubles.