Do you have IT Company and IT business? Would you like to sell online worldwide your IT products and software in tax free regime? This great offer is for you!
The best news is that profit generated by a Virtual Zone Entity (company or business person) from the supply of information technology (IT) services outside of territory of Georgia is exempted from taxation in 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.
The Status of the Virtual Zone is a license to carry out IT business activities in a Virtual Zone.
Georgian Virtual Zone Entities give new opportunities for IT companies and it is becoming interesting especially for international clients.
Based on "Ease of Doing Business" report by World Bank georgia is on 9th position in Top 10 countries worldwide for ease of doing business
It is also good to note that Georgia is also still a great place to bank and is not a member of Common Reporting Standard (CRS) is an information standard for the automatic exchange of information (AEOI) regarding bank accounts on a global level.
How long it takes?
After submission of the application, the Status is granted by the LEPL Financial Analytical Service in few working days (2 days) and applicant will receive an electronic certificate to confirm that the status is granted. It should be noted that The Status of the Virtual Zone is permanent. After getting Virtual Zone Person status, the company is enjoying considerable tax benefits.
If you have IT company registered in Georgia or you need to incorporate a new LTD company in Georgia with the virtual office service, we can help you to get a Status of Virtual Zone Person within 48 hours and to enjoy this innovation, attractive environment and favorable tax regime in Georgia. This chance is for you!