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IT-sector of the republic of Belarus

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Presentation on theme: "IT-sector of the republic of Belarus"— Presentation transcript:

1 IT-sector of the republic of Belarus
THE NATIONAL CENTRE FOR MARKETING OF THE MINISTRY OF FOREIGN AFFAIRS of THE REPUBLIC OF BELARUS

2 Developing digital economy in Belarus
2 Developing digital economy in Belarus Belarus Hi-Tech Park was created in 2005 Provides services globally to 60+ of Fortune’s 200 largest companies HTP residents with foreign or joint ownership amount to 59% of the total number of resident companies (192) 91% of the software products of HTP are exported Preferential regime for resident companies: favorable tax regime till 2049 exterritorial principle of registration access to qualified workforce

3 Developing digital economy in Belarus
3 Developing digital economy in Belarus Digital Economy Development Ordinance enables unprecedented conditions for companies of the Hi-Tech Park and provides the country with a boost for creating a 21st-century digital economy New kinds of activities for HTP residents development of biotechnologies, medical, aviation and space technologies, cybersport Legalization of ICO, cryptocurrencies and smart contracts comprehensive regulations for business based in blockchain technology Conditions to encourage development of product-oriented IT companies Maximum simplification of regulations for HTP residents Implementation of several English law components

4 HIGH-TECH PARK Today Hi-Tech Park provides the following tax benefits
4 HIGH-TECH PARK Today Hi-Tech Park provides the following tax benefits Exemption from income tax and VAT Instead, the HTP residents pay 1% of gross revenue in favor of the HTP Administration Foreign organizations, which provide marketing, advertising, consulting and some other services to HTP residents also don’t have to pay VAT Reduced rate of income tax for individual entrepreneurs, as well as reduced payments to the Social Protection Fund The income tax is 9% and the payments to the Social Protection Fund are calculated from the average salary in the country, not from the actual (it is 3-4 times cheaper)

5 5 HIGH-TECH PARK Companies of the following fields of activities may become residents of the Hi-Tech Park Design, development, support, sale, maintenance of software and (or) firmware based on or using the Blockchain and distributed databases Creation, training of neural networks and other algorithms in the specialized sections of artificial Intelligence, and implementation of the results of this activity Development, support, maintenance and production of unmanned vehicle driving systems, development or separate development stages of medical technologies Outsourcing of business processes Software publishing and promotion, mining, cryptocurrencies exchange activity, cryptocurrency converter activity, other activities using tokens, cybersports

6 HIGH-TECH PARK Belarus has become a leading Eastern European IT-hub 6
IT sector highlights 32.600 Export of HTP residents, mln USD software engineers employed in the IT sector of the HTP 15% 16% 14% 1203.1 > 1 bln USD 957.5 HTP software and IT-services export in 2017 5% >20X 2% 274.1 increase of exports between 2006 and 2017 95.7 47.9 Top 9 in Primary Locations for Outsourcing and Service Delivery Centres according to EMEA

7 IT-INDUSTRY OF BELARUS Examples of the most successful IT projects
7 Examples of the most successful IT projects Messenger app Viber was developed in Belarus, in 2014 Viber Media was acquired by the Japanese company Rakuten Offline maps service Maps.me was downloaded by more than 65 million people. This app is owned by Mail.ru Group App for travelers Eightydays.me was nominated the National start-up Award in 2016 App MSQRD allows you to change the appearance in real time videochats. In 2016 the app was acquired by the social network Facebook SplitMetrcis optimizes the pages of mobile applications in stores, which allows to increase conversion MMO-game World of Tanks was included in the Guinness Book of Records for the largest number of players on the same server at the same time – 90 thousand people

8 THANK YOU FOR YOUR ATTENTION!
CONTACT DETAILS: Pobediteley av 7, , Minsk, the Republic of Belarus. Tel.: Fax:


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