Belarus High Technologies Park is a special economic zone with a special tax and legal regime in the Republic of Belarus, contributing to the favorable and successful development of IT business. It is a Belarusian analog of Silicon Valley in the USA. Belarus HTP operates on the principle of extraterritoriality. The companies registered in it can enjoy all the advantages provided, regardless of the location of their Belarusian office.DescriptionThe original HTP mission is to create favorable conditions for the development of the export-oriented programming industry in Belarus, the development of other export industries based on new and high technologies, as well as to concentrate human, scientific, production and financial capacities to enhance the competitiveness of the national economy.The organization is headed by the Director of the HTP Administration. There are two Boards in the Park structure - the Expert Board and the Supervisory Board. The HTP Administration is subordinate to the President of the Republic of Belarus and reports to the Council of Ministers. It’s a legal entity at the national level and a nonprofit state institution. The HTP Administration’s activities involve creating conditions favorable for HTP residents, promoting domestic and foreign investments in information technologies and creating a modern infrastructure.The High-Tech Park is the only organization in the country that has the right to provide tax benefits on a systematic basis. Resident companies enjoy important government support: they are exempted from most taxes, including value-added tax and income tax. Further, employees of the resident companies enjoy a 30% reduction in personal income tax compared with other sectors of the economy.