bnt attorneys in CEE Minsk office have helped several clients to gain entry to the High-Tech Park.
Recently the Minsk office of bnt attorneys in CEE has helped clients to arrange for their Belarussian subsidiaries to gain acceptance at the HTP.
What attracts foreign companies here is primarily talented Belarussian engineers, but also the measures taken to promote development of high technologies in the HTP.
Why do IT companies seek to become members of the HTP and what is so special about it?
The HTP regime was first introduced in 2005 and has been constantly progressing since then. The widely known Presidential Decree No. 8 “On Promoting the Digital Economy” of 21 December 2017 is a vivid example of this.
Membership of the HTP opens access to a special legal regime and significant tax benefits. Among the main ones are:
Main non-tax benefits include:
• relieved from merger control rules;
Additionally, specific benefits are envisaged for crypto- activities.
In consideration for the benefits granted, HTP residents pay 1 % from their gross revenue to the HTP Administration.
Applications to become a resident are processed under a special procedure. We will be happy to advise you about details.
*Certain limitations and conditions may apply to the tax benefits described.