Virtual Zone (IT Zone) is a special tax regime, that gives advantageous tax rates for IT-related business. For IT companies like IT consulting, software development companies or crypto businesses to get a status of the Virtual Zone (IT Zone) company in the Republic of Georgia is the best choice for a business set-up.
The Republic of Georgia gives this opportunity for IT-related business to attract specialists in technologies, start-up entrepreneurs, international companies to the country and to guarantee more jobs for Georgian developers, designers, support specialists.
When your company has the Virtual Zone (IT Zone) status the rate of VAT is 0%, the rate of CIT (Corporate Income Tax) is 0%. At the same time, the withholding tax on distributed dividends is only 5%. There is the most attractive tax regime all over the world for IT-related business.
This opportunity is suiting perfectly for international business as according to the requirements to use the advantages of the Virtual Zone (IT Zone) status business operations of a company shall be abroad the Republic of Georgia, meaning the business has international clients. So, income from abroad is not taxable with Corporate Income Tax and VAT.
In the Republic of Georgia, you can enjoy a quick incorporation procedure, low share capital, low level of bureaucracy and you can incorporate while visiting Tbilisi, Georgia or completely remotely.
Contact our legal advisors in Georgia. and we will help you register a business in Georgia online.