Share on LinkedInShare on LinkedIn

ARTICLE · 09 FEBRUARY 2021

Belarus Hi-Tech Park. Tax And Other Benefits. Entry Procedure

High-Tech Park is a kind of privileged regime provided by the Republic of Belarus to companies conducting their business in IT sphere.

BelarusMedia, Telecoms, IT, Entertainment

What is HTP

High-Tech Park (hereinafter –HTP, or the Park) is a kind of privileged regime provided by the Republic of Belarus to companies conducting their business in IT sphere. The Park was founded in 2005. It is aimed at increasing the competitive capacity of the national economy through developing the information and communication technology (ICT). Decree No.8 "On digital economy development" (hereinafter — Decree No.8) dated 21.12.2017 has extended the duration of the Park's special legal regime till January 1, 2049.

The Belarusian Park's main feature (as compared to most similar foreign high-tech parks) is its principle of exterritoriality. That is, any legal entity meeting HTP requirements may become an HTP resident and make use of the respective benefits, regardless of its location in Belarus. 238 companies are registered in HTP as of March 14, 2018.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from