Want to optimize taxes for your IT company?
– Georgia’s IT Virtual Zone is the place for you.
– Special Tax exemptions for IT companies at a 5% tax rate
About IT Virtual Zone Company
Georgian legislation favors companies involved in the development and sale of IT products. Companies enjoying IT virtual zone status are exempt from VAT and income tax and benefit from a minimum 5% tax on the distribution of dividends.
What are the requirements?
Registration of a new company in Georgia
An application to obtain virtual zone company status
Physical presence (office and staff) and actual operations from Georgia is mandatory
The company must satisfy the following conditions:
virtual zone entity – a legal entity carrying out information technology activities that have been assigned the corresponding status;
information technology – the study, support, development, design, production, and implementation of computer information systems, as a result of which software products are produced.
All procedures require a maximum of 12 days.