Consultations on the procedure for joining the Belarusian Hi-Teck Park

With the adoption of Decree No. 8 of 21.12.2017 "On the development of the digital economy", it became possible to carry out new types of activities in the Belarusian Hi-Teck Park (hereinafter – the HTP), including:

  • Design, development, maintenance, implementation, operation of software and/or hardware using the registry of transaction blocks (blockchain), distributed databases;
  • Mining, crypto-currency exchange, operating crypto-currency exchange offices, other activities involving the use of tokens.

The Republic of Belarus has, therefore, become one of the first countries in the world to fully legalize the concept of crypto-currency, mining, and the turnover of tokens.

To register a company, the activities of which include establishing crypto-currency exchange platforms or crypto-currency exchange offices in the HTP, it is necessary to fulfill a number of conditions. Crypto platforms’ operators must ensure that they hold at least 1, 000 000 Belarusian rubles in cash accounts with the banks of the Republic of Belarus (~ 500,000 US dollars) and crypto-currency exchange operators – that they hold at least 200,000 Belarusian rubles (~ 100, 000 US dollars).

We will help you register your company dealing with crypto-currency in the HTP correctly in full compliance with the requirements of the Belarusian laws. Our services, inter alia, include:

  • consultations on the procedure for joining the HTP;
  • preparation of all necessary documents for registration as an HTP resident;
  • further support on any legal issues related to the company's operation in the HTP.

 

Your company’s registration as a resident of the HTP entails the following benefits:

  • Exemption from income tax;
  • Exemption from VAT when selling goods (works, services) in Belarus;
  • Exemption from property tax on facilities located on the territory of the HTP;
  • Exemption from land tax on facilities located on the territory of the HTP;
  • Employees of the HTP resident pay an income tax of 9%;
  • Insurance premiums in the Federal Tax Service are paid only from the amount equal to the one-time average wage of workers in the Republic of Belarus;
  • Exemption from import customs duties and VAT collected by customs authorities when importing technological equipment, components and (or) spare parts to the territory of the Republic of Belarus for the implementation of investment projects;
  • The tax rate on the income of foreign organizations for dividends is 5% (the regular tax rate being 10-15%);
  • Exemption from the offshore tax;
  • Exemption from compulsory sale of foreign currency.
Order consultation