We are delighted to inform our clients and partners that Leinonen has expanded its coverage of Eastern European markets to include Belarus. Our Minsk office is brand new and fully owned by our parent entity Leinonen Group, and offers the same high-quality accounting, payroll and advisory services that Leinonen is known for across Europe. The new office is managed by Finnish hands on-site by Tuomas M. Pukkala and is found in the heart of Minsk’s historical center at Zybitskaya Street 4.
As we now have fresh first-hand experience about establishing a new company in Belarus, we can confidently say that the process is quite easy and painless. The Belarusian authorities have done much to improve investment conditions in recent years, including efforts to cut away some of the red tape involved with starting businesses. Today, there is no reason for foreign investors to feel that dealing with local bureaucracy would be a negative factor affecting their investment decision.
The importance of Belarus for European business has grown in recent years as it is geographically positioned as an important waypoint between many European and CIS markets. Today, the country is especially interesting for foreign investors operating in logistics and IT. One example of possibilities in IT is the Great Stone investment park located near Minsk, where investors enjoy reduced taxes and increased ease of doing business. The park is a joint Belarusian-Chinese project and has already attracted tens of investors not only from China, but among others from Russia, Australia, the U.S, and Germany.
If you already have business in Belarus or are interested in investing, don’t hesitate to contact Tuomas directly.
Tuomas M. Pukkala
+380 67 249 75 67
Once per month we will send you an article keeping you up to date with the latest trends and developments in accounting, taxation or legal fields.