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Governmental Support

Special Law to promote software industry

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.

Due to the legislative initiative of the Belarus government, IT companies are exempt from all corporate taxes, including VAT and profit tax, as well as customs duties. That resulted in a fast boost of IT industry in the country. In 2009 the volume of production of software by the Park’s resident-companies grew tenfold compared to the whole country’s software production in 2005. Individual income tax has a fixed rate of 9 % for the employees of Belarus Hi-Tech Park companies.

Interview

Drew Guff

Drew Guff

Managing Director and Founding Partner of Siguler Guff & Company

"If you have a mission impossible IT-project, send it to Belarus“

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Press

... the country hopes to harness that brainpower through the opening of the Belarus Hi-Tech Park in Minsk...

Bloomberg Businessweek

Quick Facts

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.

Featured Projects

Halliburton
Halliburton Foreign Currency Risk Management
Developer: EPAM Systems
Customer:Halliburton

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Phone: +375.17.2686911