Consulting and accounting services for IT companies in Georgia
What type of benefits is applicable for IT firms in Georgia? Law/No taxes
Tax benefits for IT companies in the country of Georgia
Georgian tax legislation is most friendly with IT firms. There are 2 special/beneficial tax regimes applicable for IT companies: “Virtual Zone Person” and “International company”.
Tax benefits for Virtual Zones in Georgia
0% corporate income tax on the profit earned from providing certain IT services to foreign clients;
0% VAT on services provided to foreign clients
Tax benefits for “International Companies” in Georgia (Apply for IT and shipping firms)
- 5% corporate oncome tax;
- 0% withholding tax on dividend;
- 5% wage tax;
- 0% property tax.
We offer a full package of services to IT companies in Georgia
Registration of “Virtual Zone Person (VZP)” in a country of Georgia
Tax exemption for IT companies in Virtual Zone in Georgia is a wonderful benefit but it applies only to certain types of IT activities and with some preconditions.
Thus, first, you need to analyze whether your company really qualifies under “Virtual Zone Person” and proceed with the application only after that. We will support you in all stages of the process.
- Tax consultation for VZPs (analyses of whether an IT firm qualifies under VZP status and tax exemption);
- Formation of Virtual Zone Person (business registration and obtaining of the status of VZP);
- Bookkeeping services.
The business substance is needed for Virtual Zones in Georgia. You can find our article on this topic here.
Registration of “International company” in Georgia
The status of “International Company” is newly introduced in the Georgian tax law and applies to IT and shipping businesses. We offer assistance in obtaining the status of “international company” for your business.
Before starting this procedure, we will conduct and deliver a thorough analysis of whether your company can qualify under “International company” status/the tax benefits without bearing any material tax risk.
“Virtual Zone “or “International Company”?
A comparison between “Virtual Zone Person” and “International Company” is described in our article which you can find here.
Speak with a Tax Expert
Request our consultation: send us an e-mail or fill in the contact form
D.Aghmashenebeli Av. 73, Roses (Ilia) Garden, Tbilisi, Georgia
We here to help you 24/7 with experts
Latest updates in the tax residency rules for High-Net-Worth Individuals in Georgia
Georgia provides two separate rules of tax residency: First – The general, so-called 183-day rule. Second – The special rule...
The methodical instruction on the taxation of the profit tax of the person of the virtual zone
TPsolution’t note:We present to you the latest methodical guidance of the Revenue Service on the taxation of Virtual Zone Persons...
Georgia-a country providing relatively easy criteria for High-Net-Worth Individuals (HNWIs) to become tax residents
Details of the HNWI Tax Residency Rule in Georgia (criteria, procedures, documents, timings, benefits, and tax consequences)Introduction:The below article is...
How to Open a Personal Bank Account in Georgia remotely
It is possible to open a personal bank account as a foreigner in Georgia remotely, even without visiting the country. In...
When is salary income taxable in Georgia and at what rate?
When is income from employment taxable in Georgia? Income from employment is taxable at 20% in Georgia either at source...
Monthly / Annual Tax Reporting Obligations in Georgia (the country)
How to comply if your Georgian business is not active every month of the year? Tax and Financial Reporting in...
New criteria must be met by Virtual Zone Persons to enjoy corporate income tax exemption in Georgia
A new guideline from the Georgian Revenue Service regarding taxation of Virtual Zone Persons in Georgia A few days ago,...
Advantages of doing business in the country of Georgia and available professional accounting services
Advantages of doing business in the country of Georgia and available professional accounting services Georgia-low tax country with easiness of...
Transfer Pricing (TP) law in Georgia (Country)
The article was initially published by Gela Barshovi on Forbes Georgia Transfer Pricing rules applicable in Georgia (in brief) Georgia...