In October 2020, the Georgian government launched a program available for companies offering IT and maritime services wishing to acquire the status of an international company within the country. In just over half a year, 3 maritime and 14 IT companies have already received such international status.
The list of Tax incentives for companies with international status include:
- Profit Tax – 5% instead of the usual 15%
- Dividends Tax – 0% instead of 5%
- Personal Income Tax – 5% instead of 20% (plus pension contribution 2% from employer and 2% from employee)
- Property Tax (except land) – 0%. In case this property is intended for or used to carry out the permitted activities of the international company.
The status of an international company and all the above taxation terms will apply provided the company is registered in Georgia and has minimum of two years’ experience in the permitted activity within the country.
For further information please contact Ms. Irina Lopatina, Country Executive at our Eurofast office in Georgia, Tbilisi at email@example.com
Eurofast is a regional business advisory organization employing local advisors in over 23 cities in South East Europe & the Middle East (SEEME). The Organization is uniquely positioned as one stop shop for investors and companies looking for professional services in South East Europe & the Middle East.