Virtual Zone Person Status (for IT companies):

Eligible companies can benefit from significant tax advantages, including:
• Exemption from corporate income tax on revenues from services rendered outside Georgia
• Exemption from VAT on cross-border provision of services
• Exemption from export tax on goods exported from Georgia’s customs territory

International Company Status (for IT and maritime companies):
– Employees’ personal income is taxed at 5% instead of 20%
– Corporate tax is reduced to 5% instead of 15%
– To obtain this status, a company must:
• Have at least 2 years of experience in the relevant industry; or
• Be at least 50% owned by a partner company with such experience