A virtual zone company is exempt from VAT (18%) and corporate income tax 15%) if the company provides services abroad.
The only condition for tax benefits is that you have clients outside of Georgia. This means that your clients can be from anywhere in the world outside of Georgia to take full advantage of the special tax treatment of virtual zone status (otherwise you will pay taxes at normal non‐VZS rates).
Georgia ranked 7th in 2020 among 190 other economies in the world. Georgia is among 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 contribute to your success.
We evaluate and advise each business case individually. Thanks to close intensive cooperation with our clients, thorough preparation and control of documents, we currently have a 100% success rate in obtaining a virtual zone status license (as of Q3 2022).
The only condition for tax benefits is that you have clients outside of Georgia. This means that your clients can be from anywhere in the world outside of Georgia to take full advantage of the special tax treatment of virtual zone status (otherwise you will pay taxes at normal non‐VZS rates).
We provide LLC Virtual Status Zone either with an already opened corporate IBAN bank account in one of the Georgian banking institutions. We also provide opening of a corporate bank account upon request even without the client’s physical presence 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 current tax laws regarding the status of companies in the virtual zone with our English and Russian speaking accountants.
All Virtual Status Zone LLC companies provide virtual office services and legal address in Tbilisi.
We provide legal services, representation before all Georgian authorities and courts with our lawyers in Tbilisi, Kutaisi and Batumi.
The team of our office in Tbilisi will help you to fulfill all the necessary procedures for apostilizing a document in Georgia.
Virtual zone status is a special tax status granted to certain types of companies operating in the IT business. Tax exemptions apply only to services or products provided to non‐resident foreign clients outside Georgia. You can still provide products or services in the local market, regardless of whether the standard tax scheme applies.
0%
CORPORATE TAX
0%
VAT TAX
5%
DIVIDEND TAX
24%
PAYROLL TAX
The status of a person of the virtual zone may be granted to an IT company registered in Georgia. The status is granted to a legal entity engaged in creation of computer software, for example: study, support, development, design, production and implementation of computer information systems, etc.
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Tbilisi, Sanapiros Str. 2A
+995 568 250 878
