Registering a business in the virtual zone of Georgia will almost completely exempt your IT business from taxes. If you already have a company, then you can send us an electronic certificate of registration and we will help you register in a virtual zone in a couple of days. (You can read more about IT-companies in Georgia in this article)
If you have not registered your company yet, you can familiarize yourself with the rules for registering a business in our article.
After registering the company and the virtual zone, you will be assigned the status of VZE (Virtual Zone Entity). In this kind of business, everything can be virtual, except for the investor and profit. This legal form is official and allows you to conduct any IT activity on a preferential tax system.
Your profit will not be subject to VAT and corporate income taxes, but only if you sell your services outside of Georgia.