HTP Company Liquidation

Streamline Your HTP Company Exit

Want to Exit HTP? We streamline the process and maximize value.

Navigate HTP Exit with Confidence: Expert Liquidation Solutions

Want to exit HTP? It can be a stressful experience. Unwinding operations, managing assets, and maximizing value require expertise. Recruiting.by can help. We offer comprehensive liquidation services specifically tailored for HTP companies. Our team of specialists will guide you through every step, ensuring a smooth exit and maximizing the return on your assets.

Our comprehensive approach tackles every aspect of the process, from meticulous asset valuation and strategic marketing to efficient project management and unwavering compliance. Our team of specialists will work tirelessly to maximize the return on your assets and ensure a smooth, stress-free closure. Learn more about our proven approach and how we can take the burden off your shoulders during this challenging time.

Why Companies Exit HTP

The Belarusian Hi-Tech Park (HTP) has faced significant challenges over the past years. This happened because of Covid issues and so on. Additionally, the departure of skilled IT professionals due to various factors has created talent shortages, impacting operational efficiency. These combined challenges have made it increasingly difficult for companies to maintain and grow their businesses within the HTP ecosystem. Many companies try to move to new markets which seem to be more competitive.

We Can Help You Come Out Of HTP Painlessly

Recruiting.by offers a clear roadmap to a smooth HTP exit. Our team of liquidation experts will meticulously assess your assets, from machinery and inventory to intellectual property, to ensure you receive top dollar. We’ll then develop a strategic sales plan to find the right buyers and maximize your return. Throughout the process, we’ll handle all the heavy lifting – marketing, negotiations, and legalities – minimizing the burden on your team. Let us guide you towards a stress-free transition, allowing you to focus on your next chapter with confidence.

Solving Staffing Problems

Disbanding your HTP company doesn’t have to mean losing your most valuable asset – your people. Exiting the HTP can trigger staffing challenges, but Recruiting.by is here to help. We understand the complexities of managing a skilled workforce during closure. Our team can assist with outplacement services to ensure a smooth transition for your employees, minimizing disruption and maximizing their chances of landing top jobs quickly. Additionally, we can help you navigate legal requirements and navigate the process efficiently, freeing you to focus on other closure tasks. Let us help you navigate this challenging period with your team by your side.

Complete Support for a Seamless Exit

Our team of seasoned professionals understands the intricacies of HTP closure. We leverage our in-depth knowledge of the HTP environment and proven liquidation strategies to deliver a seamless and value-maximizing exit for your company. We’ll work closely with you to craft a bespoke plan that addresses your specific needs, minimizing disruption and ensuring a successful transition for all stakeholders.

Our Services

HTP Company Liquidation

Our team of experienced professionals will handle all aspects of your HTP company’s liquidation, ensuring a smooth and compliant process that maximizes value for you.
HTP Company Reorganization

We’ll work closely with you to restructure your HTP company, aligning it with your evolving business goals and ensuring long-term success.
Full-Service Support

We provide comprehensive support throughout the entire process, from initial planning to final execution, minimizing your workload and maximizing your peace of mind.
Accounting Services

Our expert accountants will handle all your financial obligations, ensuring accurate record-keeping, tax compliance, and a seamless transition for your financial stakeholders.
Legal Services

Our experienced lawyers will navigate the legal complexities of HTP closure or reorganization, protecting your interests and ensuring compliance with all applicable laws and regulations.
HR Services

We’ll help you manage your workforce effectively during this transition, providing outplacement services for departing employees and ensuring a smooth handover for those remaining.

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The Grounds for HTP Residency Withdrawal

Voluntary Exit

HTP residents can initiate withdrawal by submitting a written application.

Refusal to Sign Agreement

Failure to sign or comply with the HTP Resident Activity Agreement can lead to residency loss.

Breach of Contract/Regulations

Non-compliance with the HTP Resident Activity Agreement or HTP Regulations can result in withdrawal.

Unfulfilled Business Plan

Failure to meet the objectives or milestones outlined in the approved business plan can jeopardize residency.

AML/CFT/WMD Non-Compliance

Ignoring directives to address Anti-Money Laundering, Counter-Terrorist Financing, or Weapons of Mass Destruction Proliferation violations can lead to withdrawal.

“Specific” Offenses and Their Consequences

Violation of revenue profile condition, Paragraph 18: Failing to meet minimum HTP revenue requirements could result in warnings, fines, or limitations on benefits.

Violation of leasing procedure, Paragraph 2, Clause 19: Not following approved procedures for leasing HTP property could lead to lease invalidation, fines, or a requirement to re-lease properly.

Violation of loan granting procedure, Paragraph 3, Clause 19: Breaching HTP loan issuance regulations could result in loan repayments, fines, or limitations on future lending activities.

Company Liquidation Process

Initiation and appointing a Liquidator

Deciding to liquidate and selecting a qualified liquidator is crucial. Choosing wisely minimizes delays and costs.

Notifications

The registration authority, debtors, and creditors are officially informed about the company’s liquidation process.

Inventory Assessment

A comprehensive inventory is conducted to determine the company’s assets and liabilities.

Employee Dismissal

Employees are dismissed according to labor laws. Proper planning before liquidation minimizes unnecessary costs.

State Authority Audits

The company cooperates with state authorities during their liquidation inspections.

Settling Debts

All outstanding debts to company participants (owners) and creditors are settled.

Archiving Documents

All relevant liquidation documents are properly prepared and submitted for archiving.

Account Closure

The company’s settlement account is officially closed.

Final Filing

The liquidation process is finalized with the submission of all documents to the registering authority.

FAQ

What is HTP?

The High-Tech Park (HTP) is a special economic zone established in Belarus in 2001. Designed to foster innovation and attract foreign investment, the HTP offers a range of benefits to resident companies. Among them, there are reduced or eliminated corporate income tax, profit tax, and value-added tax (VAT) on certain activities. Besides, the members enjoy streamlined customs clearance, visa processing, and labor regulations. You also get access to modern office space, technology infrastructure, and government-backed development programs.

What are the Benefits of HTP Residency?

The High-Tech Park (HTP) offers a compelling package of benefits designed to attract and support IT and high-tech companies. Here are the key advantages:

Tax Exemptions: Resident companies enjoy significant tax benefits, including reduced or eliminated corporate income tax on profits earned from HTP-approved activities, exemption from profit tax on dividends distributed to shareholders, significant reductions or exemptions from value-added tax (VAT) on imported goods for HTP activities and on software sales.
Simplified Procedures: HTP residency streamlines bureaucratic processes. It offers expedited customs clearance for imported equipment and technology, simplified visa procedures for foreign employees and founders, reduced regulations and reporting requirements for HTP companies.
Favorable Labor Environment: The HTP framework offers competitive wage and benefit structures, and simplified employment procedures compared to standard Belarusian regulations.
Infrastructure and Support: The HTP provides access to modern office space and technology infrastructure within the HTP zone.

Numbers and Facts

The Belarusian High-Tech Park (HTP) boasts impressive growth and remains a significant player in the IT sector. Here are some key statistics to highlight:

Number of Resident Companies: Over 1,000 companies operate within the HTP.
Employment: The HTP directly employs over 60,000 individuals in the IT field.
Revenue Generation: In 2022, HTP resident companies generated approximately $2.7 billion in revenue.
Foreign Investment: The HTP has attracted significant foreign investment, contributing to its rapid growth.

Types of Activities of HTP

The High-Tech Park (HTP) in Belarus focuses on fostering innovation and attracting companies within the IT and high-tech sectors. Here’s a breakdown of the main activity areas eligible for HTP residency:

Software Development: This encompasses a wide range, including custom software, enterprise applications, mobile apps, web development, and cloud-based solutions.
Information Technology Services: This includes IT consulting, system integration, data processing, data center services, and IT security solutions.
Telecommunications: Development and operation of telecommunications networks, data transmission services, internet service provision (ISP), and value-added telecommunication services.
Radio Electronics: Design, development, and production of radio electronic devices and equipment, including microelectronics, integrated circuits, and electronic components.
Digital Media & Content Creation: Development and distribution of digital content such as games, educational software, animation, and e-learning materials.
Biotechnology and Medical Technologies: Research and development in biotechnology, bioinformatics, medical devices and equipment, and pharmaceutical applications.
Space Activities: Activities related to space exploration, satellite communications, and remote sensing technologies (subject to specific approvals).

Who Is Eligible for HTP Residency?

The High-Tech Park (HTP) in Belarus has specific criteria for companies seeking residency and its benefits:

Your company’s primary activity must fall within the designated IT and high-tech fields outlined by the HTP (See “Types of Activities of HTP” for details).
Your business should demonstrate a focus on innovation and development within your chosen field.

There are minimum investment thresholds depending on the chosen activity. The specific amount varies.

Your company must be a registered legal entity in Belarus.
While not mandatory, a demonstrably successful track record in the IT or high-tech field can strengthen your application.