(+995) 555 940 077
Besiki Business Center, Besiki 4, Tbilisi, Georgia
The only condition for tax benefits is that you have clients outside of Georgia. This means that your clients can be from all over the world outside of Georgia to take full advantage of Virtual Zone Status special tax regime (otherwise you will be taxed at regular non-VZS rates).
Georgia ranked 7th in 2020 compared to 190 other economies in the world. Georgia is one of the best countries for doing business according to The World Bank. In addition, a special program to support the knowledge-based economy and the IT sector of companies will boost your success.
We evaluate and consult each business case individually. Due to close intensive cooperation with our clients, careful preparation and control of documents, we currently have 100% success in obtaining a Virtual Zone license (as 4Q 2021).
We offer the incorporation of a new or purchase of an already registered ready-made LLC company. A readymade company means significant cost and time savings.
We provide LLC's Virtual Status Zone either with an already opened corporate IBAN bank account in one of the Georgian banking institutions. We also provide the opening of a corporate bank account on request even without the physical presence of the client in Georgia, provided that the conditions set by the bank are met.
We provide all our clients with tax and accounting services in accordance with the applicable tax legislation concerning the Virtual Zone Status of companies with our English and Russian-speaking accountants.
All Virtual Status Zone LLC companies comes with virtual office services and legal address in Tbilisi.
We provide legal services, representation before all authorities and courts in Georgia with our lawyers in Tbilisi, Kutaisi and Batumi.
The status of Virtual Zone Status is a special tax status which is granted to certain types of companies operating in the IT business. The tax benefits apply only to services or products provided to foreign non-resident clients outside Georgia. You can still provide products or services to local market anyhow standard tax scheme apply.
Tax on Dividents
Start-up IT company with Virtual Zone status founded in Tbilisi in 2020 focuses on the development of mobile applications and games for iOS and Android. In Georgia, the company has established a branch for the development of mobile applications, client support for international clients and in-house information system management. The company not only gained a number of tax benefits for its development, but mainly gained a number of new developers and designers in Georgia, which it would otherwise be very difficult for a start-up company to obtain in Norway from where the company's management comes from.
The company is focused on the development of web applications with a high emphasis on precise user interface processing. The development team in Tbilisi works not only for client solutions, but also to develop trading platforms for AI trading in stock markets, which is provided in the SaaS model.
Technological startup focused on the development of IT solutions for cloud and hosting corporate clients with an emphasis on high availability and scalability. The company provides its services from Georgia to the developed markets of the European Union and the North American market. The investor decided to establish the company after deciding between the technologically oriented FTZ in Dubai and the Virtual Zone Status license in Georgia. Georgia was a clear choice not only for the lower costs of managing the company, but also thanks to the talented developers who ensure the development of the platform from Georgia.
Status of Virtual Zone Person can be granted to an IT company registered in Georgia. The status is granted to a legal entity involved in the creation of the computer software such as: the study, support, development, design, production and implementation of computer information systems etc.
Earlier this year, the firm announced it had reached its goal of hiring.