Home Company Formation IT Zone (Virtual Zone) in Georgia advantages:

IT Zone (Virtual Zone) in Georgia advantages:

by ads.georgialegalservice
IT Zone (Virtual Zone) in Georgia advantages: 2021

Company set up or purchase of a Shelf company (pre-registered company without activity) within 1 business day.

No annual license fee for the Virtual Zone status for a company payable.

0% Corporate Income Tax. 0% VAT.

Important: The Virtual Zone company is not eligible to do business within Georgia (no local customers).

High skilled IT staff for reasonable wages.

Virtual Zone license will be obtained within 10 working days only.

Shelf companies available which already have obtained the Virtual Zone status.

No requirements to appoint a local director.

The company can be fully managed remotely.

100% foreign ownership possible, no restrictions.

Direct flight connections from the main European and Middle Eastern airports to Kutaisi and Tbilisi.

No legal requirements to employ staff in Georgia.

Only 5% of withholding tax on distributed dividends (with exemptions depending on the Double Tax Treaty).

Contact our legal advisors in Georgia. and we will help you register a business in Georgia online.

 

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