What Do Companies Do in HTP 

The Hi-Tech Park in Belarus, founded in 2005, has become an important centre of innovation and technological development in the country. It combines dynamic startups and mature companies that achieve success in the international arena. In the context of rapid changes in the global economy and technology, companies operating in the HTP actively develop software, games, artificial intelligence, biotechnology and many other areas. They not only create competitive products and services but also contribute to forming an ecosystem that promotes Belarus’s IT industry’s growth and development. In this article, we will look at the key areas of activity of companies in the Hi-Tech Park, as well as the advantages of cooperation with EOR companies for investors in the IT sector and residents of the Hi-Tech Park.

What is a High-tech Park

The Hi-Tech Park (HTP) is not only a separate territory on the Belarus map but also a special legal regime. The HTP legal regime unites residents of the HTP regardless of their territorial location in Belarus. HTP residents can be registered anywhere in the country.

On the territory of the HTP, which is located in Minsk, there are premises for renting and holding events. The HTP’s management bodies are also located there: the HTP Supervisory Board and the HTP Supervisory Board Secretariat.

To become an HTP resident, a company or an individual entrepreneur who works in the IT field must develop a business project to develop their business. This business project and other documents are considered first by the Secretariat of the HTP Supervisory Board and then by the Supervisory Board. The HTP Supervisory Board decides on admission to the HTP residents. In confirmation of admission to residents, the Secretariat of the Supervisory Board issues a Certificate to residents and includes them in the register of HTP residents.

Why IT is Beneficial for IT Companies to be Residents of the Hi-Tech Park

Residents of the Hi-Tech Park in Belarus receive several significant advantages that make their activities more profitable and successful:

1. Tax Benefits  
Residents are exempt from paying several taxes, including income tax, value-added tax, and other mandatory payments. This allows companies to significantly reduce costs and direct funds to business development.

2. Benefits of Currency Regulation  
HTP provides simplified conditions for conducting foreign economic activity. Residents can work with foreign clients without unnecessary bureaucratic procedures, which helps to attract investments.

3. Access to Highly Qualified Personnel  
Belarus is famous for its high level of education in IT. HTP residents have access to a wide range of qualified specialists, not only from Belarus, which facilitates the recruitment process and allows them to form effective teams.

4. Infrastructure Support  
The Hi-Tech Park provides its residents with modern infrastructure, including offices, coworking and conference rooms. It creates a comfortable environment for work and cooperation.

5. Government Support  
The Government of Belarus actively supports the development of the IT sector, including funding for research, training programs, and other initiatives. It creates additional opportunities for business growth and development.

6. Community of Like-Minded People  
HTP is a place where technology companies and startups are concentrated. Residents have the opportunity to share experiences, find partners, and collaborate to achieve common goals.

These factors make residency in the Hi-Tech Park extremely attractive for IT companies seeking to develop and compete internationally.

What Can HTP Resident Companies do

Not all companies can become HTP residents; only those carrying out certain high-tech activities can. The state defines the list of such activities and includes more than 40 provisions. To become an HTP resident, you must perform one or more activities from this list.

Here are examples of the types of activities available to HTP residents: design, development and implementation of information systems and software, including computer games for various platforms, as well as issuing permits for the use of software and transferring exclusive rights.

The following tasks are provided within the framework of this activity:

• Software development based on individual customer requests.
• Design and implementation of automated control systems.
• Provision of services for implementing, supporting, and maintaining information systems and software developed by residents of the Hi-Tech Park and third parties.
• Training users to work with these systems and software.

• When implementing the software, companies prepare the necessary documents, design solutions and support the integration process.  
• Companies also test and refine software, create databases, provide access, and provide maintenance. 

Resident companies of the Hi-Tech Park also:

• Carry out data processing and research in natural and technical sciences.
• Develop, test and implement new materials, technologies and devices.
• Deal with issues of technical and cryptographic protection of information.
• Provide services for managing business information systems and technology development and integration.
• Analyze clients’ business processes and advise on using information technology.
• Audit information systems for compliance with state requirements or user needs.
• Provide services for the maintenance of state information systems.
• Develop unmanned vehicle control systems.
• Work in the financial sector, introducing contactless technologies, mobile applications and electronic trading platforms.
• Carry out activities in the field of medical and aviation technologies.
• Provide business process outsourcing services for foreign companies using their software solutions.
• Participate in the Internet of Things solutions development.
• Conduct online educational programs approved by the Supervisory Board.
• Deal with issues related to the turnover of cryptocurrencies.
• Promote software on the Internet through marketing, advertising and promotion consultations.
• Develop the field of esports.
• Develop software for HTP residents to provide online exchange services, including cryptocurrency, and for advertising on the Internet.

How Can an Investor Find Out What a Certain HTP Company Does

If you have the company’s name or its PIN ( payer ID number/ accounting number of the payer), you can refer to the online register of HTP residents to find out what this organization does. 

This feature is available on the Hi-Tech Park’s website in the HTP Residents section. To search, enter the company’s name or PIN in a special field. A window will appear with information about the company, its website, and the type of activity in the HTP resident status.

Why is it Profitable for Foreign Investors in the IT Industry of Belarus to Apply for EOR Services

Investors who want to invest in the high-tech sector in Belarus can apply for EOR services. It is advantageous for foreign investors in the IT industry of Belarus to apply for EOR services for several reasons:

1. Simplify Hiring
EOR (Employer of Record) allows companies to bypass the complex processes of hiring and registering employees in another country.

2. Risk Reduction
EOR takes legal responsibility for employees, allowing investors to focus on business rather than compliance with local labour standards.

3. Speed of Market Entry
EOR helps you quickly and effectively hire talented specialists without having to go through long registration procedures.

4. More Attractive Conditions
Unified salary and tax management platform allows you to reduce costs and optimize finances.

5. Flexibility in Scaling
EOR services make it easy to increase or decrease the number of employees, depending on the business’s needs.

6. Access to Local Knowledge
EOR companies often have experience working in the region, which helps to avoid common mistakes when entering a new market.

Thus, using EOR services can significantly facilitate foreign investors’ entry into the Belarusian IT industry and increase the efficiency of their operations.

What is the Benefit of EOR Services for HTP Resident Companies

The benefits of EOR services for resident companies of the Belarusian Hi-Tech Park:

• Cost Reduction
  EOR (Employer of Record) allows you to reduce the cost of personnel management and compliance with local laws.
  
• Simplify the Hiring Process
  Companies can find and hire specialists faster without creating a legal entity in another country.
  
• Legal Security
  EOR assumes responsibility for compliance with labour laws, which reduces business risks.
  
• Focus on the Core Business
  Companies can focus on their key areas by freeing up resources from administrative tasks.
  
• Access to Talen
  EOR makes it easy to enter international markets and attract the best specialists without geographical restrictions.
  
• Simplified Personnel Management
  EOR handles all issues related to salaries, taxes and documents.
  
• Adapting to Changing Conditions
  EOR services allow companies to respond quickly to changes in the labour market or legal requirements.
  
• Improving Competitiveness
  Companies can adapt and grow faster by rapidly entering new markets and optimizing processes.