Doing business with IT companies 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.

Advantages of a personal bank account in Georgia Caucasus

Opening a personal bank account in Georgia is simple, fast and easy. You get your personal offshore bank account in 24.00. No personal visit is required, account opening can be done remotely through the Power of Attorney. Banking in Georgia is efficient and secure, Internet payments are available 24 hours a day, 7 days a week. And it's also cheap, the personal account from 400 EUR all-inclusive with e-banking and credit card. You pay in one installment. There will be no additional charge for opening the account.

What is a Virtual Zone Entity in Georgia?

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.

Is tax optimisation taboo?

Why is tax optimisation so little known?

As everyone knows, taxes have become excessively heavy in taxpayers' budgets, particularly in Western Europe. Everyone, whether an entrepreneur or an individual, should look for ways to reduce this tax burden, which is becoming quite unbearable. One solution is tax optimization. It is a legal solution that allows you to pay less taxes. But then, why is tax optimization still so little known?