Today, Business is developing along the path of continuous digitalization. Digitalization means the creation of new automated processes that simplify life and solve the problems of a large number of people. The level of dissemination and transparency of information increases consumer expectations from enterprises. Companies are denied the right to make mistakes, and therefore, to perform monotonous work, they are looking for digital solutions that can eliminate errors and ensure urgency.

Someone acquires such solutions in the market, while others create their own products, competing with vendor companies of certain traditional services. In accordance with the vision of VINT Consult, the future business will be of two types. The first is large crown corporations that own big data or data centres. The second is small boutique companies offering unique creative services. VINT Consult strives to become the second, promoting the practices of creating, troubleshooting, etc.

Based on all of the above, it turns out that the term “high-tech business” tomorrow will be meaningless. Because any business that wants to stay afloat will be forced to become high-tech. The Belarusian High-Tech Park (also known as the Belarusian Silicon Valley) went along this path. In 2005, it was created as a technology park for Belarusian IT companies. In 2017, it was transformed into a technopark for any companies associated with high technologies (36 types of activities with which the company can enter it were approved).

Today, about 900 companies are residents of High-Tech Park. Entering the Park is not difficult enough: you need to open a company in Belarus (inexpensively and quickly) and prepare a business plan according to the standards of the Park.

The High-Tech Park offers unprecedented working conditions for its residents, including:

• extraterritorial principle (the possibility of placing an office in any part of Belarus)
• absence of income tax and VAT (instead of the 1% of the proceeds must be paid for the Park);
• dividend tax for foreign organizations = 5%
• payroll tax = 9%
• social insurance contributions of about 150 US dollars
• simplified customs, corporate, currency and labour laws
• the ability to hire foreign specialists without separate permits for both remote work and office work (availability of visa benefits)
• elements of English law: a convertible loan, an option to conclude an agreement, an agreement on compensation for property losses, other
• the ability to use cryptocurrencies, mining, ICO
• a smart contract is recognized as an official contract

All this is reinforced by the high level of technical training of Belarusian specialists and the small size of the average wage.

In a short time, the Belarusian high-tech sector has become famous in Europe and around the world. High-Tech Park is a good opportunity to create your own innovative business, as well as to relocate the technical department of your company.

VINT Consult helps the companies in obtaining the status of a resident of the Belarusian High-Tech Park, as well as in subsequent work in the Park. We will make your business convenient and interactive. With us, you can create and implement the most daring business ideas.

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