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How to Register IT Company in Belarus
Связаться с намиOverview of the IT sector in Belarus
IT specialties at universities are very popular in Belarus, and therefore many specialists are being trained in the country. The pace of development of the IT industry is the fastest in the republic.
The created High-Tech Park plays a crucial role in this. Residents of the Hi-Tech Park receive various benefits: exemption from VAT, customs duties, and other corporate taxes.
It is noteworthy that the legal regime of the Hi-Tech Park extends to the entire territory of Belarus, so an IT company can be registered in any locality of the country and at the same time fall under the jurisdiction of the HTP.
What you need to register an IT company in Belarus
Features of creating an IT business in Belarus
There are no specifics in the process of creating and registering an IT company. Registration takes place in accordance with the chosen organizational and legal form.
Do I need a legal address for an IT company?
For the state registration of an IT company, information about the legal address must be provided to the registration authority. The requirements for the legal address correspond to the organizational and legal form of the future company.
Choosing the organizational and legal form of an IT company
Most often, when choosing an organizational and legal form for creating an IT company, preference is given to LLC or CJSC. Registration of an LLC is faster and requires less financial costs, whereas registration of a CJSC requires a large authorized capital and compliance with the procedure for issuing and placing shares.
Less often, IT companies choose the form of a joint-stock company when registering a large company with a wide staff and significant authorized capital.
Advantages of joining HTP
- VAT exemption, a reduced income tax rate of 9%, a fixed amount of deductions to the Federal Tax Service (34% of the average salary in Belarus), no customs duties, no taxes on real estate, land, and others.
- Benefits in the field of currency regulation.
- The possibility of hiring foreign citizens without obtaining a special work permit in the Republic of Belarus.
- The ability to enter into convertible loan agreements, option agreements, and loss compensation agreements.
- No need to comply with the requirements for the registration of primary accounting documents, the possibility of using an electronic digital signature when processing primary accounting documents.
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Who can be the founder of a legal entity?
A legal entity in Belarus can be established by both individuals and organizations. Any adult citizen of Belarus, foreign nationals, or stateless persons can become founders. Legal entities, including foreign companies, can also establish new businesses in Belarus. However, there are some restrictions – government employees and military personnel cannot be founders. Additionally, those who have been banned from holding managerial positions or were involved in bankruptcy proceedings in the last 3 years are not eligible. The company can be founded by a single person or multiple founders – there’s no maximum limit on the number of founders. Both individuals and legal entities can be founders simultaneously, allowing for flexible ownership structures. The main requirement is that founders must have full legal capacity and no restrictions on conducting business activities.
Opening IT Company Process
FAQ
Your IT company name must be unique in Belarus and can be in English or Russian/Belarusian. It shouldn’t include restricted words like “Belarus,” “national,” or “state” without special permission. Popular approaches include using tech-related terms, abstract concepts, or coined words. The name must end with the organizational form (LLC, JSC, etc.) in your registration documents. We recommend preparing several name options as the registration authority may reject your first choice.
Standard IT companies in Belarus pay corporate income tax (18%), VAT (20%), social security contributions (34%), and other general business taxes. However, HTP residents enjoy significant tax benefits, including a reduced income tax rate of 9%, VAT exemption on many operations, and reduced social security payments calculated from the average national salary rather than actual salaries.
HTP residents receive substantial advantages through special taxation rules and business conditions. Residents benefit from a reduced 9% income tax rate and VAT exemption on many operations. They enjoy simplified foreign currency operations and reduced social security payments. Companies can import equipment without customs duties and hire foreign specialists without work permits. HTP membership also provides special regulations for intellectual property protection, simplified accounting procedures, and access to the valuable HTP business ecosystem and networking opportunities.
Yes, foreign citizens can serve as directors of Belarusian companies. They need to obtain a temporary residence permit or permanent residence permit. The company must assist with work permit documentation unless the company is an HTP resident, in which case the process is simplified. The director must be physically present in Belarus to sign certain documents and manage company operations.
We partner with specialized accounting firms experienced in HTP resident requirements and IT company specifics. These firms understand both general Belarusian accounting standards and special HTP regulations, ensuring compliance while maximizing available benefits. Their comprehensive services cover monthly accounting, tax reporting, payroll management, and consultation on tax optimization strategies for IT businesses.
We connect you with HR partners specializing in IT recruitment in Belarus. These experts provide comprehensive recruitment services including local IT talent sourcing, employee documentation support, salary market research, and competitive compensation package development. They also assist with employee relocation and provide guidance on local labor laws and HTP-specific regulations. Our network of trusted HR partners can be matched to your specific needs and company size.
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Contact us
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Certificate of state registration issued by the Minsk City Executive Committee on July 4, 2018. Registration number: 193101292
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Office: 8 Kirova str., office 21, Minsk, 220030, Belarus. Postal address: 38 Novovilenskaya str., office 21, Minsk, 220053, Belarus
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Monday-Friday 9:00-19:00