At the service of your project.
Gurian Investment offers an excellent quality of services, making sure in advance that they are useful and meet the needs and objectives of your project.
Georgian tax legislation offers a number of high-value tax incentives to IT companies operating in the territory and providing IT services to their foreign customers residing outside Georgia. This is the Status of a Virtual Zone.
Open a Limited Liability Company. You will benefit from an very interesting tax regime, ultra-simplified accounting, easy opening of personal or corporate bank account with e-banking. You can also via your company buy a property to make it profitable very quickly via its rental.
The advantages of opening a company in one of Georgia's Free Industrial Zones are strategic, operational and above all fiscal. 0% VAT 0% Income Tax 0% Dividend Tax 0% Property Tax.
We offer an assistance and follow-up service to assist or represent you in all administrative procedures. We prepare the official documents necessary for the creation and the management of your company in Georgia. The opening of your personal bank account, the opening of your company bank account, licensing and renewal, obtaining and renewing your residence permits.
Gurian Consulting, based in Tbilisi, specializes in company creation and outsourcing processes. We advise and support you in setting up your company in Georgia, a country with a very attractive tax system, free movement of capital and people, a strategic location, at the heart of a booming market on the borders of Europe, Asia and the Middle East.
The business environment in Georgia
The development of the Internet has opened up many opportunities for companies. And among these, software companies are in pole position. Software export is the main source of revenue for a large number of IT companies operating worldwide. There is one country that does not levy taxes on the income of IT companies, namely Georgia in the Caucasus.
Among the many industrial sectors that are doing well in the global economy, information technology is certainly at the top. Information technology has become one of the most favourable sectors for creating jobs and making profits. However, the sector also needs incentives and a level playing field to be competitive at the highest degree. This is what Georgia offers in the form of Virtual Zones.
The status of Virtual Zone is a legal entity in Georgia and is similar to the Industrial Free Zones regime in Georgia. The status of virtual zone offers many tax incentives but these are reserved for IT companies. The main tax advantage is the absence of taxes on income from the export of computer services and products such as software.
One of the advantages of Georgian tax legislation for the Information Technology sector, both for local and foreigners, is the avaibility of a special status. The "Virtual Zone Entity" is a legal entity operating in the field of Information Technology to which the Georgian tax administration has granted a special status: Profits generated by a VZE from the sale of IT services outside Georgia are exempt from Tax.
One of the most attractive tax systems in the world. According to the World Economic Forum's Global Comptetitiveness Report, Georgia in the Caucasus is the ninth lowest-taxed economy in the world.
The are many advantages of having a company based in a Free Zone in Georgia (Caucasus: Strategic, Operational and especially Tax. Gurian Consulting Tbilissi explains why.
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