Tax exemptions for residents of the Belarus Hi-Tech Park

download

On September 22, 2005 the President of Belarus signed the Decree “On the High-Tech Park”. The Decree is aimed at boosting the competitive power of the national new and high technology-based sectors, developing modern technologies and expanding their exports, as well as attracting to the sector both Belarusian and foreign technologies.

Both legal entities and individual entrepreneurs can become High-Tech Park residents if they provide the Park Administration with the necessary registration documents and if they plan to perform business operations related to analysis, design and development of IT-systems software and data processing activities.

This Park of new technologies combined with the tax exemptions provided for in the Decree, will facilitate investment in and development of the new technologies sector in the Republic of Belarus.