IT COMPANY SETUP IN VIRTUAL ZONE

Virtual Zone status can be granted to an IT company registered in Georgia, engaged in activities relating to the study, support, development, design, production and implementation of computer information systems, which result in the creation of computer software.

Why Virtual Zone?

• Favorable climate for IT companies to develop business.
• Simplified procedures of Company Set-up.
• Enormous opportunity to export products without any restrictions.
• No taxes.
• 100 % Ownership of business.
• No Minimum Capital.

Virtual Zone Company is Exempted From:

• Tax On The Profits Earned From Supplying Outside Georgia Information Technologies Created In Virtual Zone.
• Tax On The Supply With VAT Outside Georgia Of Information Technologies Created In Virtual Zone.
• Export Duties On Exporting From The Customs Territory Of Georgia Of Information Technologies Produced In Virtual Zone.

What is Included in the Package :

• Limited Liability IT Company Preparation of Documents & Registration in 24 Hours.
• Digital Certificate of Incorporation.
• Registered Office Address in Tbilisi For 1 Year.
• Opening of Corporate Multi Currency Bank Account( Euro, USD & GEL ).
• Tax Registration With Revenue Service Department.
• Registration of IT Company in Virtual Zone falling under the Ministry of Finance of Georgia.
• Payment of All Government Administrative Fees and Charges.