With partners, foreign companies will be able to work who are inhabitants of the High Technology Park. At the same time, real attendance in the territory of jurisdiction is not essential.
There is a vital condition for doing business for crypto-exchanges and exchangers within the frame of the current legislation. They ought to have corporate accounts with the following funds in banks of Belarus:
for crypto-exchanges - 1 million BYN ($ 500 thousand and more);
for cryptocurrency exchangers - 200 thousand BYN (over $ 100 thousand) and more.
Note: Figures may change as per the latest update
Forming a cryptocurrency company in Belarus is not dissimilar in any way from forming businesses in other businesses and needs selecting a formation and registering it with the Trade Register. Further, other than not obligatory needs are the formation of a new digital token and the formation of a website through which the cryptocurrency will be sold.
As discussed above, Belarus recognizes the construction and sale of new but also famous digital money, like Bitcoin and Ethereum. The following transactions connected to cryptocurrencies are legal in Belarus:
These are too the sorts of cryptocurrency companies which can be recognized in Belarus. Foreign enterprisers can depend on our local consultants for guidance in the formation of the company in Belarus.
Forming a cryptocurrency business in Belarus also has additional benefits further being legal. One of them is the information that cryptocurrencies are comparatively new in this country and therefore the chances of success are elevated. One of the major causes for Belarus to legalize cryptocurrencies is for be a focus for foreign investments, consequently there are no other limitations in this industry.
Also Belarus issued a five-year economic development plan which offers tax-free operations connected to cryptocurrencies.
For further information on the formation and legal details as well as the latest updates, it is advisable to contact the local consultant, who will be able to guide you and assist you in a better way.
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