{"id":17,"count":1,"description":"<h3><strong>1. Virtual Zone IT Company is exempt from:<\/strong><\/h3>\r\n<ul>\r\n \t<li>Special Regulationsdon't need licenses, permits and other regulatory documents to conduct their activities;<\/li>\r\n \t<li>Corporate Income Tax (15%)tax on the profits earned from supplying outside Georgia the information technologies created by virtual zone IT company;<\/li>\r\n \t<li>VAT (18%)tax on the supply with VAT outside Georgia of information technologies (ITs);<\/li>\r\n \t<li>\u044d\u043a\u0441\u043f\u043e\u0440\u0442\u043d\u044b\u0435 \u043f\u043e\u0448\u043b\u0438\u043d\u044b \u043d\u0430 \u0432\u044b\u0432\u043e\u0437 \u0441 \u0442\u0430\u043c\u043e\u0436\u0435\u043d\u043d\u043e\u0439 \u0442\u0435\u0440\u0440\u0438\u0442\u043e\u0440\u0438\u0438 \u0413\u0440\u0443\u0437\u0438\u0438 \u0438\u043d\u0444\u043e\u0440\u043c\u0430\u0446\u0438\u043e\u043d\u043d\u044b\u0445 \u0442\u0435\u0445\u043d\u043e\u043b\u043e\u0433\u0438\u0439, \u0441\u043e\u0437\u0434\u0430\u043d\u043d\u044b\u0445 IT-\u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0435\u0439 Virtual Zone.<\/li>\r\n<\/ul>\r\nIt should be noted that the virtual zone IT company may have other economic activities or operations simultaneously. However, it can use the status only in the field of information technology. The expenses, related to earning income from supplying within or outside of the territory of Georgia the IT\u2019s developed by a virtual zone company, shall be deducted from the gross income in proportion to the share of the income earned from supplying the IT\u2019s within the territory of Georgia.\r\n\r\nHere we also mention one important detail. If a virtual zone IT company incurs certain costs (such as renting an office, hosting, etc. not salary) associated with performing its activities, it can register as a VAT taxpayer and receive and deduct VAT on these costs from other taxes. This is because selling IT services or products outside Georgia are exempt from VAT with the right of deduction. If a virtual zone IT company hires an employee, then tax benefits don\u2019t apply to the salaries paid. Salaries are taxed as ordinary by 20% tax rate.\r\n<h3>2. The terms and conditions of granting the Virtual Zone IT Company\u2018s status<\/h3>\r\nIn order to receive the virtual zone IT company\u2019s status a candidate must apply to the Ministry of Finance of Georgia. The list of information-technological projects done during the last three years (if any) should be attached to the application. The Financial Analytical Service is authorized to request additional information regarding the information-technological activities of the candidate. The status shall be granted to the interested entity no later than 10 working days after the application for granting the status.\r\n\r\nIt should be noted, that the status is issued only to legal entities (not to individuals) and doesn\u2019t require any experience. Moreover, it doesn\u2019t require or impose any restrictions on the initial capital, directors, founders, and employees of the enterprise. So you can register a company and then apply for a status immediately. However, of course, having some experience in information technology activities or a contract with a foreign client will make it easier to get a status.\r\n<h3>3. Cancellation of Virtual Zone IT company\u2018s Status<\/h3>\r\nThe Ministry f Finance of Georgia revokes the virtual zone IT company\u2019s status in the following cases. 1) if the status obtained is used to avoid paying taxes in accordance with the current legislation. 2) on the basis of the electronic application, which is sent through the website. In case of revocation of the status, the Financial Analytical Service shall ensure the deletion of the electronic certificate from the Financial Analytical Service website (<a href=\"https:\/\/fas.ge\/en\/\">www.fas.ge<\/a>).","link":"https:\/\/taxconsulting.ge\/ru\/\u043a\u0430\u0442\u0435\u0433\u043e\u0440\u0438\u044f\/it-company\/","name":"IT-\u043a\u043e\u043c\u043f\u0430\u043d\u0438\u044f \u0432\u0438\u0440\u0442\u0443\u0430\u043b\u044c\u043d\u043e\u0439 \u0437\u043e\u043d\u044b","slug":"it-company","taxonomy":"category","parent":0,"meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.8 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IT Company in Georgia - All About Virtual Zone Company.<\/title>\n<meta name=\"description\" content=\"Virtual zone IT company is a legal entity that carries out information technology activities and has significant tax reliefs in Georgia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxconsulting.ge\/ru\/\u043a\u0430\u0442\u0435\u0433\u043e\u0440\u0438\u044f\/it-company\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Virtual Zone IT Company Archives\" \/>\n<meta property=\"og:description\" content=\"Virtual zone IT company is a legal entity that carries out information technology activities and has significant tax reliefs in Georgia.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/taxconsulting.ge\/ru\/\u043a\u0430\u0442\u0435\u0433\u043e\u0440\u0438\u044f\/it-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Tax Consulting Georgia\" \/>\n<meta property=\"og:image\" content=\"https:\/\/taxconsulting.ge\/wp-content\/uploads\/2023\/01\/IDLogo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"CollectionPage\",\"@id\":\"https:\\\/\\\/taxconsulting.ge\\\/category\\\/it-company\\\/\",\"url\":\"https:\\\/\\\/taxconsulting.ge\\\/category\\\/it-company\\\/\",\"name\":\"IT Company in Georgia - All About Virtual Zone Company.\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/taxconsulting.ge\\\/#website\"},\"description\":\"Virtual zone IT company is a legal entity that carries out information technology activities and has significant tax reliefs in Georgia.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/taxconsulting.ge\\\/category\\\/it-company\\\/#breadcrumb\"},\"inLanguage\":\"ru-RU\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/taxconsulting.ge\\\/category\\\/it-company\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/taxconsulting.ge\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Virtual Zone IT Company\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/taxconsulting.ge\\\/#website\",\"url\":\"https:\\\/\\\/taxconsulting.ge\\\/\",\"name\":\"Tax Consulting Georgia\",\"description\":\"Tax Consulting in Georgia\",\"publisher\":{\"@id\":\"https:\\\/\\\/taxconsulting.ge\\\/#organization\"},\"alternateName\":\"I&D Tax Consulting Georgia\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/taxconsulting.ge\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ru-RU\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/taxconsulting.ge\\\/#organization\",\"name\":\"I&D Consulting\",\"alternateName\":\"I&D Consulting LLC\",\"url\":\"https:\\\/\\\/taxconsulting.ge\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ru-RU\",\"@id\":\"https:\\\/\\\/taxconsulting.ge\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/taxconsulting.ge\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/ID-Consulting-Logo.png\",\"contentUrl\":\"https:\\\/\\\/taxconsulting.ge\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/ID-Consulting-Logo.png\",\"width\":150,\"height\":150,\"caption\":\"I&D Consulting\"},\"image\":{\"@id\":\"https:\\\/\\\/taxconsulting.ge\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/profile.php?id=100057429249852\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"IT Company in Georgia - All About Virtual Zone Company.","description":"Virtual zone IT company is a legal entity that carries out information technology activities and has significant tax reliefs in Georgia.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/taxconsulting.ge\/ru\/\u043a\u0430\u0442\u0435\u0433\u043e\u0440\u0438\u044f\/it-company\/","og_locale":"ru_RU","og_type":"article","og_title":"Virtual Zone IT Company Archives","og_description":"Virtual zone IT company is a legal entity that carries out information technology activities and has significant tax reliefs in Georgia.","og_url":"https:\/\/taxconsulting.ge\/ru\/\u043a\u0430\u0442\u0435\u0433\u043e\u0440\u0438\u044f\/it-company\/","og_site_name":"Tax Consulting Georgia","og_image":[{"width":1200,"height":628,"url":"https:\/\/taxconsulting.ge\/wp-content\/uploads\/2023\/01\/IDLogo.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"CollectionPage","@id":"https:\/\/taxconsulting.ge\/category\/it-company\/","url":"https:\/\/taxconsulting.ge\/category\/it-company\/","name":"IT Company in Georgia - All About Virtual Zone Company.","isPartOf":{"@id":"https:\/\/taxconsulting.ge\/#website"},"description":"Virtual zone IT company is a legal entity that carries out information technology activities and has significant tax reliefs in Georgia.","breadcrumb":{"@id":"https:\/\/taxconsulting.ge\/category\/it-company\/#breadcrumb"},"inLanguage":"ru-RU"},{"@type":"BreadcrumbList","@id":"https:\/\/taxconsulting.ge\/category\/it-company\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/taxconsulting.ge\/"},{"@type":"ListItem","position":2,"name":"Virtual Zone IT Company"}]},{"@type":"WebSite","@id":"https:\/\/taxconsulting.ge\/#website","url":"https:\/\/taxconsulting.ge\/","name":"\u043d\u0430\u043b\u043e\u0433\u043e\u0432\u0430\u044f \u043a\u043e\u043d\u0441\u0443\u043b\u044c\u0442\u0430\u0446\u0438\u044f \u0432 \u0413\u0440\u0443\u0437\u0438\u0438","description":"\u041d\u0430\u043b\u043e\u0433\u043e\u0432\u044b\u0439 \u043a\u043e\u043d\u0441\u0430\u043b\u0442\u0438\u043d\u0433 \u0432 \u0413\u0440\u0443\u0437\u0438\u0438","publisher":{"@id":"https:\/\/taxconsulting.ge\/#organization"},"alternateName":"I&D Tax Consulting Georgia","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/taxconsulting.ge\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ru-RU"},{"@type":"Organization","@id":"https:\/\/taxconsulting.ge\/#organization","name":"\u0410\u0439-\u0414\u0438 \u041a\u043e\u043d\u0441\u0430\u043b\u0442\u0438\u043d\u0433","alternateName":"I&D Consulting LLC","url":"https:\/\/taxconsulting.ge\/","logo":{"@type":"ImageObject","inLanguage":"ru-RU","@id":"https:\/\/taxconsulting.ge\/#\/schema\/logo\/image\/","url":"https:\/\/taxconsulting.ge\/wp-content\/uploads\/2023\/01\/ID-Consulting-Logo.png","contentUrl":"https:\/\/taxconsulting.ge\/wp-content\/uploads\/2023\/01\/ID-Consulting-Logo.png","width":150,"height":150,"caption":"I&D Consulting"},"image":{"@id":"https:\/\/taxconsulting.ge\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=100057429249852"]}]}},"_links":{"self":[{"href":"https:\/\/taxconsulting.ge\/ru\/wp-json\/wp\/v2\/categories\/17","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taxconsulting.ge\/ru\/wp-json\/wp\/v2\/categories"}],"about":[{"href":"https:\/\/taxconsulting.ge\/ru\/wp-json\/wp\/v2\/taxonomies\/category"}],"wp:post_type":[{"href":"https:\/\/taxconsulting.ge\/ru\/wp-json\/wp\/v2\/posts?categories=17"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}