Home Company Formation VIRTUAL ZONE IT COMPANY IN GEORGIA

VIRTUAL ZONE IT COMPANY IN GEORGIA

by ads.georgialegalservice
VIRTUAL ZONE IT COMPANY IN GEORGIA. Updated 2021.

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.

 

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

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