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Virtual Status Zone Person IT Company, Georgia


VIRTUAL STATUS ZONE PERSON IN GEORGIA FOR IT COMPANY 
 

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.

 

HOW TO GET THE STATUS OF VIRTUAL STATUS ZONE PERSON AND WHO IS ELIGIBLE?

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.

 

WHAT IS THE VIRTUAL STATUS ZONE?

The Status of the Virtual Status Zone is a license to carry out IT business activities in a Virtual Zone.

 


MAIN TAX BENEFITS OF VIRTUAL STATUS ZONE PERSON IN GEORGIA:

1. The income of a VZE is exempt from VAT (18%) and corporate income tax (15%) if the company provides its services to foreign customers located outside Georgia. It means your IT company tax is 0%.

2. In case of dividends payment (to a physical person or non-resident legal entity shareholder), the only Georgian tax on dividends payable is rated at 5% and is paid by the company to the state budget at the moment of dividends payment. Dividends distributed in Georgia to a Georgian shareholder will not be included in the taxable base of such a person. If dividends are paid to a foreign shareholder, then the taxation of such a shareholder in the country of its tax residency shall be analyzed with the consideration of provisions of double tax treaty of the relevant country with Georgia (if any). If income of Virtual Zone Entity is distributed not in the form of standard dividends but in another way described by law regulations, then the 5% withholding tax in Georgia will not be paid and there will be no taxation in Georgia at all(!)

3. The director of the Virtual Status Zone Person or Virtual Zone Company can be either a Georgian or foreign person who can be physically located either in Georgia or abroad and can manage the company´s activities and corporate bank account by internet and mobile banking

4. There is no law requirement to keep employed staff in Georgia, except for the company`s director. Anyhow it is a benefit to work with a local Georgian developers and IT specialist.

5. Georgian Virtual Status Zone Entities give new opportunities for IT companies and it is becoming interesting especially for international clients.

 

 

DOING BUSINESS IN GEORGIA

 

"BASED ON EASE OF DOING BUSINESS REPORT BY WORLD BANK GEORGIA IS ON 9TH POSITION IN TOP TEN COUNTRIES WORLDWIDE FOR EASE OF DOING BUSINESS"

"2020 INDEX OF ECONOMIC FREEDOM BY THE HERITAGE FOUNDATION - GEORGIA IS 12TH IN THE WORLD AND 6TH IN EUROPE"

 

House of Justice, Tbilisi Tbilisi, House of Justice, inside House of Justice, Georgia

      

 

 

OPENING CORPORATE BANK ACOUNT IN GEORGIA FOR VIRTUAL ZONE STATUS LLC COMPANY

We can help you set up a corporate IBAN bank account in multi-currencies with internet banking (also in English) and VISA international credit card remotely.

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 TO GET VIRTUAL ZONE STATUS? 

After submission of the application, the Status is granted by the local authority by law in 5 working days (in practice in few working days - approx. 7-10 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.

 

 

NEW: WE OFFER A SIMPLE PROCEDURE TO OPEN YOUR VIRTUAL ZONE STATUS COMPANY REMOTELY WITH POWER OF ATTORNEY WITHOUT VISITING GEORGIA

You can operate the company and  your corporate bank account from anywhere at the world or you can use also our nominee services >>

 

 

PRICES OF READY MADE LTD GEORGIAN COMPANY WITH VIRTUAL ZONE STATUS

 

1. IT READY-MADE GEORGIAN BASED COMPANY WITH LIMITED LIABILITY LTD FROM THE YEAR 2021 WITH OUR OFFICES - VARIANT THE CLIENT IS NOT VISITING GEORGIA OR IS PRESENT 

Price of ready-made companies (from the year  2021) + price the annual payment 12x 90 GEL (+18% VAT) for seat in Tbilisi, Saburtalo (we change legal address to Besiki Business Centre for a fee).

The company is ready to start business the same day we receive the payment and signed documents to start the business. The price incl. standard express delivery service of the documents. 

In the price of the IT readymade company is included also registration to Virtual Zone Status value of EURO 350.

Registration will be submitted to the Authority after transfer of the company to a new director(s) and shareholder(s).

 

What is included in the price of the company: 

Fully registered LTD company with full set of company certificates

Registration of Virtual Zone Status with digital licence in Georgian

Digital Company incorporation certificate in English

Registered business address at Tbilisi legal address for 12 months

Tax registration of the company with Revenue Service office

Fully paid all registration authority  and administrative fees

 

The price of the service is 4.400 GEL I EURO 1.100 EUR. All prices are without VAT 18%

Total price: 5.192 GEL I EURO 1.298 incl. VAT

 

 

2. IT READY-MADE GEORGIAN BASED COMPANY WITH LIMITED LIABILITY LTD FROM THE YEAR 2021 WITH OUR OFFICES AND OPEN BANK ACCOUNT IN THE BANK OF GEORGIAVARIANT THE CLIENT IS NOT VISITING GEORGIA  OR IS PRESENT

Price of ready-made companies (from the year 2021) + price the annual payment 12x 90 GEL (+18% VAT) for seat in Tbilisi, Saburtalo (we change legal address to Besiki Business Centre for a fee) + active corporate bank accout.

The company is ready to start business the same day we receive the payment and signed documents to start the business.

In the price of the IT ready made company is included also registration to Virtual Zone Status value of EURO 350

Registration will be submited to the Authority after transfer of the company to a new director(s) and shareholder(s).

 

What is included in the price of the Virtual Zone company with a bank account: 

Fully registered LTD company with full set of company certificates

Registration of Virtual Zone Status with digital licence in Georgian

Digital Company incorporation certificate in English

Registered business address at Tbilisi legal address for 12 months

Tax registration of the company with Revenue Service office

Fully paid all registration authority  and administrative fees

Opening of the corporate bank account (EUR, USD, GEL + more currencies available) with VISA card and internet banking

 

The price of the service is 5.200 GEL I EURO 1.300 EUR. All prices are without VAT 18%

Total price: 6.136 GEL I EURO 1.534 incl. VAT

 

 

 

For more information about Georgian LTD Company incorporation – please see the section of Georgian Ready-made Company on our website.  

 

DO YOU ALREADY HAVE LTD COMPANY IN GEORGIA? DO YOU NEED TO GET VIRTUAL ZONE STATUS?


If you have 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 7-10 days and to enjoy this innovation, attractive environment and favorable tax regime in Georgia. We are ready to help. 

 

Please note all prices are charged in GEL. Exchange rate calculated on 25. 02. 2021.

 

To order a Virtual Zone Status Company in Georgia call a Toll Free Number 0800 000 020 from Georgia or from abroad call mobile +995 557 230 007 (also WhatsApp number +995 558 800 007)

PREMIUM SEAT FOR COMPANIES
YOU CAN VISIT
7 DAYS IN THE WEEK

Besiki 4
Tbilisi, Georgia

  (+995) 557 230 007

PREMIUM SITE FOR COMPANIES
YOU CAN VISIT
7 DAYS IN THE WEEK

Besiki Business Center, Besiki 4
Tbilisi, Georgia

  (+995) 558 800 007
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