After being granted the status of a Georgian virtual zone, the company will enjoy full exemption from VAT and income tax.
Under the virtual zone scheme, the company is only liable for a 5% tax on distributed dividends, and income tax is applicable solely in the event of salary payments.
This tax framework presents a remarkable opportunity for IT product developers who engage in collaborations with diverse international clients and customers situated across the globe. Moreover, registering an IT company in Georgia does not require any permits or licenses to commence operations.”
The company’s physical presence in the territory of Georgia necessitates the payment of administrative expenses, such as renting an office space where the company’s employees work, or employing specialists who are citizens or residents of Georgia.
Procedures for registration and getting status:
- Registration of LLC
- Registration LLC in TAX office
- Applying for status of Virtual Zone to the Ministry of Finance
- Getting certificate and submitting to the tax office.
Our Services include:
- Preparation of all documents (power of attorney, a charter)
- Legal address
- Registration of company
- Registration in Tax office
- Applying for Virtual Zone certificate
- Legal support