i dont think soCan Belarussian resident open a bank account or EMI in a neutral country these days?
For a small fish like your friend presumably is, this is practically undoable in the direct way BY-EU nowadays, I'm afraid; especially if it is a new business relationship and not the maintaining of a long-term established one. Political pressure at all participants is too high, I would say. He can give it a try with his current accout in BY but chances for success are IMO very low. (The problem is not only the payment but the business relation with BY subject itself.)What would be most efficent and easiest way to pay Belorussian resident from EU company for freelance work in 2023?
Is the offical way (self employes in BY invoices EU) or some EMI / offshore bank setup.
Asking for a friend.
Very probably yes but it will not help him much to solve the above described situation. It will still be an account belonging to BY citizen.Can Belarussian resident open a bank account or EMI in a neutral country these days?
This brings up another issue.how is doable over crypto? since is also trackable if you buy it as company or private in EU and than someone withdraws it as fiat in BY
Oh well. You are right. I somehow have overlooked this. My attention was dedicated only to the fact that the crypto payments are (or could be) anonymous (AFAIK), so nobody knows that you are paying someone who is Belarussian or Korean or Italian or ... (I am not a crypto expert, so please correct me if I'm wrong). But the expenses deduction is the another issue; and probably anyone does not want to fabricate some fake invoice from some freelancer from a non-sanctioned country...it wont help since you need a way to deduct these expenses.
As far as I remember they charge like 1k USD a month.
Wow, I wasn't aware of such a high monthly minimum/flat rate. Have only seen it used by larger corporations. It probably isn't very good for a small business in that case.As far as I remember they charge like 1k USD a month.
It feels like an overkill to pay so much to an intermediary in a country where average monthly salary is around 650 USD.
As far as I remember they charge like 1k USD a month.
It feels like an overkill to pay so much to an intermediary in a country where average monthly salary is around 650 USD.
Well, their fees apparently vary – https://www.deel.com/pricing; but for hiring just one freelancer it is perhaps overkill anyway...Wow, I wasn't aware of such a high monthly minimum/flat rate. Have only seen it used by larger corporations. It probably isn't very good for a small business in that case.
Yes. Just sharing personal experience. Needed to hire 1-2 people in Belarus and got a quote like USD 1k/person per month.Well, their fees apparently vary – https://www.deel.com/pricing; but for hiring just one freelancer it is perhaps overkill anyway...
A robbery.USD 599 month is thevery minimum they charge, but i guess that dont apply in Belarus.
Do you need to hire these people as employees or as freelancers? (If the latter, one idea appeared in my mind a couple of minutes ago and it seems to be feasible...)Needed to hire 1-2 people in Belarus and got a quote like USD 1k/person per month.
If anyone knows better alternatives Id love to know.
Really nice – if it can work for your friend's case, it looks like this problem is solvedI’ve talked to Deel today and its possible to hire contractors from Belarus - costs €50/ per contract / month. They offer different forms of transactions even bank transfer to belarusian bank
Well, may be. Of course it depends on the budget of the project, whole payroll, etc.oh and btw, their rate of 600€ is full time employee - i know cause i used it, but thats whole other service beast … and it covers a lot, for lot of companies that want to be compliant in certain country not that much of a cost actually