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Virtual zone for IT business setup in Georgia

You can set up your IT company in Georgia with a virtual zone status to get several tax benefits. Contact our company representatives to know more of the same. http://www.kaukapital.com/services/virtual-zone

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Virtual zone for IT business setup in Georgia

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  1. Virtual Zone

  2. Definition of IT :  information technologies (IT) – study , support, development, design, production and introduction of computer information systems, as a result of which software products are obtained.

  3. T ax Benefits:  2. The following shall not be levied: a) tax on the profits earned from supplying outside Georgia the information technologies created by virtual zone persons; b) tax on the supply with V A T outside Georgia of information technologies (IT s) created by virtual zone persons c) export duties on exporting from the customs territory of Georgia of the information technologies produced by virtual zone persons.  3. The expenses, related to earning income from supplying within or outside of the territory of Georgia of the IT s produced by a virtual zone person, shall be deducted from the gross income in proportion to the share of the inco me earned from supplying the IT s within the territory of Georgia.

  4. Conditions: 1. Virtual zone persons shall be exempt from any special regulations. Virtual zone persons do not need licences, permits and other regulatory documents to conduct their activities. 2.

  5. www .kaukapital.com

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