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President Alexander Lukashenko announced on Friday that the decree “On the Development of Digital Economy” has been signed. He explained, “the main goal of the document is to create such conditions that global IT companies would come to Belarus, open their representative offices, development centers, and create popular products in the world.”
Don't get fooled by this.
It's just another dictator thinking that if he orders so, things will happen.
It's a decree...if he akes up on the wrong side of the bed tomorrow we will have another decree
People will not come to Belarus and start developing business there until other are solved.
And the biggest one is corruption. I've lived long enough close to our neighbors from the east to understand that they will do everything for money. What's black in the morning is going to be white by tea time if you pay the right price.
And honestly, do you believe that?
What if NK is going to launch a similar project?
Are you going to praise Kim Bit Con for this and move to NK?
Check the history of this guy and the decisions he made in the years that he was president from....1994!!!!
I'd rather trust Mark, Roger Ver or Jihan over Lukashenko
I say that this is a way to attract everyone who's into crypto to go to Belarus start their ICO's or anything relate and enjoy the benefit of no tax.
We should all moved to Belarus now. LOL.
We should all moved to Belarus now. LOL.
How about before moving to Belarus you take a trip and see how things are going down there?
Crossing the border from Germany to Poland is like going back 10-20 years, going to Belarus and you're going to wonder if the dinosaurs are still alive...
I understand your concerns but you mixing things that you've heard in the news with bad expectations and it's not the right way to find the truth.
How about some cold hard facts.
So called "legalization of bitcoin" in Belarus came as a part of Decree about development of digital economy that was lobbied by the group of progressive IT businessmen and lawyers who understand the problems of IT industry better than other, because work with this problems every day. Decree extended tax benefits of High Technologies Park (HTP or PVT in Belarusian) that 've been working since 2005 to 2049. In 2017 the total revenue of the companies in HTP will achieve $1bln. it means that a lot of companies are working there for 8-12 years paying just 9% tax, instead of whatever 20-30-35% they could pay in other regions, using brains of top programmers that created Viber, WoT, Juno, MSQRD and many others, paying them local pay, instead of Silicon Valley pay. System is stable and working. Revenues went up 20-fold since 2005 and now with new Decree they extended the term of benefits till 2049, added new types of activity to what's residents of HTP allowed to specialize in including cryptocurrencies, self-driving vehicles, biotech, fintech, AI, etc. All the buzz-words that on the internets today, you can develop in HTP under low tax. Minsk is not called the capital of European AI for nothing. There's over 70 companies that develop AI projects, if you interested check the list:
https://docs.google.com/spreadsheets/d/1bppG1b3ey3PFCYiPTy7URNAk0DnHT5J_XVj_MZeaBkM/edit#gid=0
https://dev.by/ckeditor_assets/pictures/29060/content_belarus_ai_landscape_21-09-17-01.jpg
Smart people making profits already, they don't believe "news" about dictators, why should you?
I agree with your advice though, don't take news for granted, come to Minsk and see things for yourself. You can do so easily now, with visa-free 5 days trips allowed for citizens of 80 countries, including Germany and Poland.
