Belarus Hi-Tech Park, Belarus
HTP Belarus (http://www.park.by) provides special business environment for IT business with incentives unprecedented for European countries. The resident companies of Belarus Hi-Tech Park are exempt from all corporate taxes, including VAT and profit tax, as well as customs duties. Individual income tax has a fixed rate of 9 % for the employees of Belarus Hi-Tech Park companies. Belarus Hi-Tech Park possesses the right of granting taxation preferences on a systematic basis. According to the special Law these conditions are valid till 2020. Unlike many parks in Europe or Asia, Belarus HTP is a virtual hi-tech park. It means that the legal conditions of Belarus Hi-Tech Park are valid within the whole territory of Belarus. No matter where a company is located within Belarus, if it deals with engineering and software development – it can become a resident of HTP. This principle enables use of the educational, scientific, professional and infrastructural potential of the whole country. Currently among the residents of Belarus Hi-Tech Park there are companies engaged in software development, IT-consulting, embedded software development and providing other IT-services both for domestic and foreign market. First residents were registered in 2006. Currently 88 companies are registered as the Park's residents. Half of Belarus HTP resident-companies are foreign companies and joint ventures. The export share in the total production volume is 80 per cent. Today they have customers in 52 countries around the globe. |













