No taxes, governmental support, exterritorial principle of registration
The resident companies of Belarus Hi-Tech Park are exempt from all corporate taxes, including VAT and profit tax, as well as customs duties.
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 the resident companies to use educational, scientific, professional and infrastructural potential of the whole country.
Belarus’s competitiveness is based not on tax benefits and costs alone, but on knowledge, innovation and highly qualified human resources. Belarusian programmers get trained at the training centers of IBM, Lotus, Sun, Novell, Microsoft, and other world IT leaders. Another distinctive feature of Belarus developers is that on top of professional skill set, they also have deep knowledge in mathematics, engineering, physics, and other sciences.