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 Status license (as 3Q 2022).
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.
Our Tbilisi office team can help you to follow all the required procedures in order to apostille a document in Georgia.
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.
Corporate Tax
VAT Tax
Tax on Dividents
Salary Tax
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