The High-Tech Park (HTP) in Belarus is a unique legal regime established by the government to support and develop the IT business sector. Over the past years, it has become one of the largest IT clusters in Eastern Europe and a powerful hub attracting both Belarusian and foreign IT companies. Becoming an HTP resident grants […]
A private unitary enterprise (PUE) is one of the most common forms of business in the Republic of Belarus. This organizational-legal form allows entrepreneurs to manage the enterprise solely, retaining complete control over its activities and decisions. However, despite the apparent advantages, the PUE has certain peculiarities to consider when choosing a form of ownership […]
The Hi-Tech Park (HTP) in Belarus is a unique legal framework designed to foster IT businesses and startups, offering residents preferential tax conditions and other forms of government support. To join this special regime, an IT company must complete several key steps – one of which is preparing and submitting a business plan. This plan […]
In modern business, confusion often arises around key financial terms, especially income, revenue, and profit. These concepts form the foundation of financial literacy and reporting, playing a crucial role in analyzing a company’s performance, informing management decisions, and planning for future growth. While they may seem similar at first glance, each term represents a fundamentally […]
Starting a business in Belarus is a significant step that requires careful preparation and a clear understanding of various nuances, especially tax obligations. The chosen tax regime not only determines the size of the tax burden but also affects accounting and reporting procedures, as well as the way a company interacts with the tax authorities. […]
Individual entrepreneurs (IE) must adapt to changes in the requirements for doing business in Belarus. On October 1, 2024, provisions came into force that limit the list of activities permitted for IE. This means that IE whose activities go beyond the approved list must either cease operations or transform into a LLC by December 31, […]
Enterprise reorganisation is a complex but often necessary process that allows a company to adapt to market changes, improve management efficiency and optimise business processes. Organisations are forced to look for new ways to strengthen their positions in modern globalisation and high competition conditions. Mergers, acquisitions, divestitures, and other forms of reorganisation can become a […]
Legal Entities vs Individual Entrepreneurs vs Self-Employed In modern business, there are many forms of doing business, each with its own characteristics, advantages, and disadvantages. Among them are legal entities, individual entrepreneurs (sole proprietors), and the self-employed. These categories differ not only in legal status but also in tax obligations, business opportunities, and the legal […]
Legal Address – What is It A legal address is an important concept in business and law. It designates the actual location of a company for conducting official business. This address serves as a means of providing legal identification and plays an important role in legal relations related to state registration, reporting, and interaction with […]
New company name approval The procedure for approving the names of commercial and non-commercial organizations, as well as the requirements for the names of these organizations, have the established procedure and are regulated by the following regulatory legal acts: Decree of the Council of Ministers of the Republic of Belarus dated February 5, 2009 No. […]
Increase in authorized capital What is a statutory fund? They are material wealth and money that are invested by the founders in their company. The authorized capital forms the value of fixed and current assets of the company. It may be necessary to increase the authorized capital, for example, due to the replenishment of current […]
