The composition of the Supervisory Board of the company is the most important aspect of its management structure. Establishing clear membership criteria and understanding the dynamics of the board’s composition can significantly affect the effectiveness of this important management body. Membership Requirements: Re-election and early termination of powers Members of the Supervisory Board have the […]
To date, the cryptocurrency in Belarus has turned from a prohibited asset into a legal means of payment. In the legal environment, cryptocurrencies are divided into tokens and coins, and in accordance with Decree No. 8 of 2017, transactions with digital currencies are allowed by law, which gives individuals and legal entities the freedom to […]
When starting a business in the Republic of Belarus, choosing the right organizational and legal structure is crucial. Selecting between a Limited Liability Company (LLC) and a Closed Joint Stock Company (CJSC) is frequently the deciding factor in this decision. Since each option has advantages and disadvantages, choosing one is an essential first step in […]
In the world of international business, finding the right location can significantly impact your bottom line. Georgia, nestled at the crossroads of Eastern Europe and Western Asia, has emerged the opportunity center, thanks to its enticing taxation system inspired by the Estonian model. Further, we delve into the facets of Georgia’s favorable tax environment and […]
IT Park Guide Recently, Uzbekistan has become the main point of attraction for relocators working in the field of information technology. In the very center is the Uzbek IT Park, created in 2019 under the Ministry for the Development of Information Technologies and Communications. It specializes in education, the creation and support of startups, the […]
If you are considering the idea of creating your own IT company in Armenia this year, we have great news for you. Armenia has become one of the main destinations for IT professionals who want to take a step forward. The pronounced interest of the nation in the IT sector prompted the parliament to simplify […]
We reveal interesting details on the latest report of the National Statistical Committee on wage trends in Belarus for August 2023. According to Belstat, the average salary of Belarusian workers for August 2023 was 1962.4 rubles. This marks a significant increase of 29.3 rubles compared to the previous month. Regional Disparities It should be noted […]
How many IT companies in Belarus American IT companies The information technology market in the Republic of Belarus is dynamically developing, gaining momentum and becoming one of the strategic directions of doing business. Qualified employees, high salaries, privileges in the tax area – these distinctive features of Belarusian IT companies determine their success and the […]
Dear Clients! We are pleased to announce the completion of a recruiting project (3 QA) for a German IT company with an office in Belarus. Due to the existence of a confidentiality agreement, we cannot write the name of the brand under which our Client operates. However, as before, we can tell some details of […]
Personal data protection in the European Union: basic provisions Information on the Internet needs to be protected, especially personal data. So, when registering on sites on the Internet, we enter our personal data, which are stored in automated systems. Collection, storage, use of personal data should be regulated by law. It should be noted that […]
What is a business trip Article 91 of the Labor Code of the Republic of Belarus defines the term “business trip”. It is recognized as such a trip of an employee to another locality, different from the place of permanent work, on behalf of the employer for the performance of a service assignment. Thus, a […]
When an employee gets the right to leave in Belarus The Labor Code of the Republic of Belarus provides that all employees who work officially under an employment contract with an employer have the right to leave. Vacation is a time period when an employee is free from performing his job function, in order to […]
