Preferences and benefits are also granted to resident companies of the High-Tech Park. Any company operating in the sphere of computer-based technologies may apply for residency within the HTP and benefit from tax incentives and other advantages it provides. Some of preferences are also granted to companies other than HTP residents implementing business projects registered by the HTP.
The first HTP residents were registered in 2006. Currently 94 companies are registered as the Park’s residents. Half of Belarus HTP resident companies are foreign companies and joint ventures.
HTP export share in the total production volume is 80 per cent. The resident companies are successful on North American and European hi-tech markets. Today they have customers in 52 countries around the globe, and the world leading corporations, such as Peugeot, Mitsubishi, British Petroleum, Gazprom, Reuters, British Telecom, the London Stock Exchange, the World Bank, Coca-Cola, etc., are among major consumers of Belarusian software developed in Belarus HTP.
Main preferences that HTP residents enjoy are:
- exemption from taxes and duties on sales proceeds and other related mandatory fees chargeable to the national budget, special purpose budget and non-budget funds;
- exemption from profit tax;
- exemption from value added tax on sales turnover;
- exemption from land tax throughout the duration of construction, 3 years at most;
- exemption from real estate tax;
- exemption from customs duties and VAT on goods imported for IT business purposes;
- 9% tax on income of employees without including it into the total annual income.
Main preferences of HTP non-residents granted for business projects registered by the HTP include:
- exemption from taxes and duties on sales proceeds and other related mandatory fees chargeable to the national budget, special purpose budget and non-budget funds;
- exemption from profit tax;
- exemption from value added tax on sales turnover;
- 9% tax on income of employees without including it into the total annual income.
HTP residents (business projects of HTP non-residents) are registered by the HTP administration following a decision of the HTP Supervisory Board, provided the operations of business entities involve information system analysis, design and software development, data processing, fundamental and applied research, experimental development in the area of natural and engineering sciences and other IT areas.
