Opening a bank account in Belarus is an important step for foreign companies and individuals who wish to conduct business, invest, or simply manage their finances in the country. The Republic of Belarus offers convenient conditions for non-residents to open accounts; however, this process has certain specifics that should be considered in advance. Today, Belarus […]
With the growth of non-cash payments and digital technologies, electronic money has become important in Belarus’s financial system. Today, it is actively used by both individuals and businesses, for example, to accept payments for goods and services through payment platforms. Electronic Money in Belarus According to Belarusian law, electronic money is a conventional unit representing […]
For several years, Poland has ranked among the top European countries for conducting business in the field of information technology. Its developed infrastructure, access to the European market, highly qualified specialists, and government support make this jurisdiction attractive for IT companies from various countries, including Belarus. However, before establishing a company or relocating a team […]
When opening a bank account in Belarus, a non-resident must consider not only the internal requirements of banks but also the norms of legislation in the fields of currency regulation, customer identification, and combating financial violations. In practice, foreign individuals and legal entities often have a question: in what cases and to whom can or […]
Over the last few years, Belarus has continued to develop its IT sector, creating favorable conditions for companies that work in the IT sphere. A special role in this process is assigned to the High Technology Park (HTP), which offers residents tax benefits and preferences. Since 2025, the tax policy in the country has undergone […]
Value-Added Tax (VAT) plays a key role in generating budget revenues and regulating economic activity in both the Russian Federation and the Republic of Belarus. In recent years, both countries have taken significant steps to harmonize tax rules within the framework of the Union State, aiming to remove barriers in mutual trade and create a […]
Global teams are now the norm, and companies must keep up with how they manage salaries across countries. One major shift is toward decentralized payroll — a model that handles payroll locally in each country or region rather than centrally. This approach allows businesses to comply with local laws and pay employees in their local […]
Information technologies are a special part of the modern economy, and states strive to create favourable conditions for their development. In Belarus, one of these support tools is the Hi-Tech Park (HTP), which offers unique tax benefits to IT companies. These benefits not only help to reduce companies’ financial costs but also create incentives to […]
The modern world of IT technology is growing rapidly, and with this growth, new opportunities are emerging for professionals and entrepreneurs. One of the key factors in choosing a country to do business in is the tax conditions. Poland and Belarus are two countries with developing IT sectors, and they are interesting examples from the […]
In 2024, the global labour market has undergone notable shifts, sparking widespread interest in wage trends and their driving factors. Across Europe and beyond, including Belarus, incomes are rising, driven by post-pandemic economic recovery, increased investment in innovative industries, and growing demand for skilled labour in specific sectors. These changes, however, vary greatly depending on […]
Navigating the tax landscape as a remote worker can feel like solving a complex puzzle. Whether you’re working from your home office, a beachside café, or bouncing between different states, understanding your tax obligations is crucial for maintaining compliance and maximizing your deductions. Remote work has transformed not just how we work, but also how […]
Bonuses include rewards to stimulate the efficiency and motivation of employees in various fields of activity. Unlike a mandatory salary, a bonus is an additional financial bonus that a business entity can provide to fulfill certain conditions, achieve high results, or get special merits. In modern business, awards are essential in shaping corporate culture, attracting […]
