Registering an IT company in Georgia is a simple and quick process. Government incentives make the country attractive to entrepreneurs from around the world. Once your company obtains virtual zone status, it will be exempt from VAT and profit tax.
A virtual zone resident only pays:
- 5% tax on dividends
- Income tax on salary payments
This tax regime is convenient for IT product developers working with international clients.
Since 2021, the Georgian Tax Inspectorate has made changes to the requirements for virtual zone status. One mandatory condition is the presence in the country, including administrative expenses such as office rent or having Georgian citizens as employees.
