During the last years the ICT sector in Belarus receives strong governmental support and is one of the top-priority economic sectors to develop. Thus, by the special Law, issued in 2005 Belarus Hi-Tech Park was established with the main goal to support software industry. HTP Belarus provides special business environment for IT business with incentives unprecedented for European countries. Any company operating in the sphere of computer-based technologies can apply for residency within the HTP and benefit from tax-incentives and other advantages it provides.
First residents were registered in 2006. Currently 140 companies are registered as the Parks residents. Half of Belarus HTP resident-companies are foreign companies and joint ventures. By the origin of investments attracted to the sphere of new and high technologies:
53% HTP residents were set up by Belarusian investors,
47% HTP resident was set up with foreign investors participation:
20% – joint ventures
27% – enterprises with 100% foreign investments.
The export share in the total production volume is 80 per cent. The resident companies are successful on North American and European hi-tech markets. Today they have customers in more than 55 countries around the globe. Today world leading corporations, such as Peugeot, Mitsubishi, British Petroleum, Gazprom, Reuters, British Telecom, London Stock Exchange, World Bank, Coca-Cola, etc. are among major consumers of Belarusian software developed in Belarus Hi-Tech Park.
What is HTP?
General Manager of Microsoft New Business-Models Development
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88% of the software produced in the Park account for exports. 45% account for the European countries,40% account for the USA and Canada, 12% - for Russia and CIS countries.
Halliburton Foreign Currency Risk Management
Developer: EPAM Systems