IT Virtual Zone Company in Georgia

An IT Virtual Zone company in Georgia can be a useful home for a software business serving customers abroad. The value lies in the qualifying work the company actually performs, together with the correct company, tax and accounting arrangements.

ReadyMade.ge assists with incorporation, the Virtual Zone application, documents and ongoing administration. Our IT Virtual Zone company package is EUR 1,480, with a Tbilisi legal address for the first 12 months.

Which IT activities can qualify?

The legislation concerns information-technology work that produces software products. We start by reviewing what you develop, where the development takes place, who performs it and how the products or services are supplied to customers outside Georgia.

Revenue Service guidance places importance on software being created in Georgia. Contracts, the people carrying out the development and the company's working arrangements therefore matter. A website description alone cannot establish that all revenue qualifies.

Tax treatment of an IT Virtual Zone company

The law provides relief for qualifying profit from supplying abroad IT created by a Virtual Zone company. The tax treatment of local sales, unrelated services, salaries, dividends and purchased services is considered separately.

VAT treatment follows the relevant transaction and place-of-supply rules. Virtual Zone status should not be presented as a blanket exemption for every payment or as a universal bar to VAT registration. Our accountant reviews your actual transactions alongside the status application.

What the EUR 1,480 package includes

• Formation of the agreed Georgian LLC and its standard company documents.
• Georgian and English incorporation documentation.
• The first 12 months of the agreed legal address in Tbilisi.
• Revenue Service registration arrangements.
• Preparation and submission of the IT Virtual Zone status application.
• Coordination of the supporting business description and requested follow-up documents.

The written quotation identifies the notarial, translation and certification work included for your ownership structure. Foreign notarization, apostilles, courier services, bank assistance and monthly accounting are itemized where they are separate. The invoice is issued in GEL.

How to establish an IT Virtual Zone company with us

1. Describe the business. Tell us about your software, customers, development team and where the work is carried out.
2. Agree the company structure. We confirm owners, director, company name, address and the documents required.
3. Register the LLC. You can sign in Tbilisi or use accepted foreign documents and a Power of Attorney.
4. Prepare the status application. We organize the activity description and supporting material.
5. Answer follow-up requests. The authority can ask for additional information before making its decision.
6. Arrange the accounts. We set up the reporting approach for the company's actual income and expenses.

Company registration and the status decision are separate stages. We give a timetable after reviewing your documents and update you as the application progresses, including any request for further information.

Documents to prepare

Start with passports for the proposed owners and director, their contact details, the proposed name and a clear description of the software business. Depending on the activity, we may also need development agreements, customer contracts, information about the team and examples of the company's software work.

For a remote order, we send the Power of Attorney wording before you arrange notarization. We explain whether an apostille, consular legalization, treaty exemption or Georgian translation applies to the documents being used.

New company or ready-made company in Georgia?

A new incorporation lets you choose the structure from the beginning. A ready-made company in Tbilisi, Georgia offers an existing registration. In either case, the intended software activity and the company's actual arrangements are reviewed before relying on Virtual Zone tax treatment.

Discuss your software business

Send a short description of your product, the countries of your customers, the people developing the software and whether you will work from Georgia. We will explain the incorporation package, the status application and the accounting service that fits the business.

Official information: Law on Information Technology Zones · Financial-Analytical Service · Revenue Service