Registration of an international IT company in Georgia
from 5000$
from 20 days
Registration of an IT company with international status in Georgia with Georgia Assistant
If you are planning to register an international IT company in Georgia, we offer a full range of services. Our team will help with paperwork, tax optimization and registration so that you can focus on global business development, avoiding bureaucratic complications.
The price includes:
preparation of documents, preparation and obtaining the status of an international IT company, turnkey support
Required documents:
constituent documents, documents confirming experience in information technology, documents confirming actual presence in Georgia (substance) and other required documents
Thanks to reduced tax rates, simple registration, and support from the state apparatus, Georgia attracts the attention of foreign businesses. Georgia Assistant has been successfully registering international IT companies in Georgia for many years and guarantees high-quality support at all stages of launching and subsequent business management.
What is the status of an international IT company in Georgia
The status of an international IT company provides legal entities with the benefits of doing business in Georgia, including low tax rates, no value-added tax (VAT) and other tax obligations for certain types of activities. This is a special business program created by the Georgian government to attract investment and enterprises from the information technology sector to stimulate the national market.
To be included in the program, an enterprise must confirm that its main activity is included in the list established by Georgian legislation. This mainly concerns organizations developing technological solutions, software, web programming, and other related areas.
What tax benefits does an IT company in Georgia receive with international status?
Registering a company with international status provides many tax benefits.
- No income tax. The program participant pays income tax at a rate of 5%. However, the actual tax may be significantly lower, since employee salaries and software development costs are deducted from the taxable base.
- Exemption from VAT. Such IT companies are exempt from paying value added tax (VAT), which allows them to significantly reduce one-time and ongoing costs associated with doing business.
- Reduced tax on dividends. Dividend payments to shareholders are taxed at a reduced rate. This makes investments more attractive for existing or new shareholders.
Requirements for companies to obtain international status
- Work experience. An enterprise seeking to obtain the status of an international IT company must have at least two years of experience in the relevant field. This rule applies to all legal entities being established, as well as branches from foreign jurisdictions. The necessary experience can be confirmed by documents such as contracts, licenses, reports, provision of information services.
- Conditions for foreign companies. If a legal entity is registered outside of Georgia, the following conditions are provided: – A branch of a foreign company must be a registered legal entity that has been operating for at least two years and has proven experience in information technology. – Applicants must confirm their actual presence in Georgia (substance), which can be done through office rental or employment relationships with local citizens.
- Ownership structure. A Georgian company can be granted international status if its owner is a foreign legal entity that owns at least 51% of the shares. It is important that all members of the consortium have at least two years of experience in the field of information technology.
What services can such a company provide?
- Software development. Enterprises can develop and distribute software products, including local solutions, international IT systems.
- Computer game development. The country attracts game developers for mobile devices, PCs, and game consoles.
- Consulting services. Specialized IT consulting, including strategic planning and project management.
- Web development. Design and creation of websites, including interfaces, functional components, web hosting, and support services.
- Remote administration. Technical support, server setup, security systems to improve data protection and application performance.
- Database development. Creation and maintenance of databases for information management or simplified access to data.
The procedure for obtaining the status of an international company
- Company registration. The first step is to register a legal entity. This can be done remotely by proxy or in person by submitting all the required documents to the relevant government agencies. The procedure can take from several days to several weeks, depending on the workload of the registrars.
- Office rental. To confirm the actual presence, the company needs to rent office space. This requirement is critical to obtaining the status and processing all the necessary documents.
- Preparation of documents. After receiving the office space, it is necessary to collect all the documents confirming the experience in the IT sphere. These can be:
– Constituent documents.
– Agreements, contracts.
– Invoices, checks confirming financial activity. - Submitting an application for status. The next step is to submit an online application through the Revenue Service portal. You will need to confirm the actual presence, as well as work experience.
- Application verification, obtaining status. After submitting the application, there are checks by the tax authorities. It is important to comply with all the requirements, provide complete information in order to successfully pass the check and receive the desired status.
What services do consulting firms offer?
Consulting firms such as Georgia Assistant play a key role in the process of registering international IT companies in Georgia. For example, Georgia Assistant provides the following services:
- Consultation. Assistance in understanding the legislation, taxation specifics, providing lists of requirements, explaining them.
- Document preparation. Professional assistance in preparing and collecting the necessary documents to obtain status.
- Legal services. Providing legal protection at every stage, including registration, OSM.
- Assistance in opening corporate bank accounts. Assistance in choosing banks, carrying out the necessary procedures for opening an account.
- Support, support. Full business support after registration, including accounting services, tax planning.
The company adapts the range of services depending on the specifics of the business, customer requests, providing individual support packages for different requests.
FAQ
The main advantages are tax incentives, ease of doing business, access to international markets and the absence of bureaucratic barriers.
The company must be related to the IT sphere: software development, consulting, data management and other similar services.
Yes, we provide services for opening a bank account for your company in Georgian banks.
The cost depends on the volume of work and additional services. Specific prices can be clarified during the consultation.
The company must conduct IT activities, submit tax reports and comply with Georgian legislation.
To submit an application, you will need constituent documents, proof of office availability, and documents confirming your experience in the IT field.
The time required to complete the registration process and obtain the status usually ranges from a few days to four weeks. This depends on the completeness of the documents submitted, possible delays in government agencies.
Yes, your IT business can be managed remotely if all legal requirements are met.
The company must ensure a physical presence, but the founders can spend most of their time outside the country if all conditions are met.
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