Is 5% tax maximum for IT companies?

Practically yes. But there is personal income tax 20% for IT companies as well. The fact is, it is not obligatory for the IT companies to pay salaries. Owner can distribute profit and pay only 5% tax for dividends.

Are there any hidden fees that I need to know?

Without a proper work plan there could be an extra taxes if you (your company) are going to purchase a service from foreign company. We can give you right advice to avoid these issues.

IT company registration in Georgia as IT Virtual Zone Status

Name: IT company registration in Georgia as IT Virtual Zone Status
Brand: Visadb

travel_exploreImmigration & Residency

Details

Georgian legislation favors companies involved in the development and sale of IT products. Companies enjoying IT virtual zone company status are exempt from VAT and income tax and benefit from a minimum 5% tax on the distribution of dividends, and all without a physical transfer of the company’s office tо Georgia.

What are the requirements? Registration of a new company in Georgia. An application to obtain virtual zone company status. The company must satisfy the following conditions: Virtual zone entity – a legal entity carrying out information technology activities that have been assigned the corresponding status. Information technology – the study, support, development, design, production, and implementation of computer information systems, as a result of which software products are produced. All procedures require a maximum of 12 days.

Included in this service

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Company registration (personal visit or remotely)

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Assistance in obtaining IT Virtual Zone company status

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Assistance in document preparation

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Legal address for the company for 1 year

Pricing Breakdown

Price breakdown for all categories of services.

Full Service

$1200 - $1300

Consultation

Free - $50

Frequently Asked Questions

Users ask this questions about this service.

Practically yes. But there is personal income tax 20% for IT companies as well. The fact is, it is not obligatory for the IT companies to pay salaries. Owner can distribute profit and pay only 5% tax for dividends.
Without a proper work plan there could be an extra taxes if you (your company) are going to purchase a service from foreign company. We can give you right advice to avoid these issues.