Company Formation in Georgia – Low-Cost European Business Hub for NRIs
Company Formation in Georgia – Europe's Most Affordable Business Jurisdiction for NRIs
Georgia (the country, not the US state) has emerged as one of the world's most business-friendly jurisdictions — combining a 15% flat corporate tax, a unique Virtual Zone regime offering 0% tax for IT companies, one of the world's lowest company formation costs, and a DTAA with India. For NRIs seeking a simple, low-cost international structure, Georgia is an increasingly compelling choice.
Why Georgia?
- ✅ 15% flat corporate tax (0% on reinvested profits under certain conditions)
- ✅ Virtual Zone: 0% corporate tax for IT companies on income from non-Georgian clients
- ✅ DTAA with India – reduced withholding on dividends (10%), interest (10%), royalties (10%)
- ✅ 100% foreign ownership permitted
- ✅ No minimum share capital
- ✅ One of the world's fastest incorporation – 1–2 business days
- ✅ Lowest setup cost among comparable jurisdictions – from USD 500
- ✅ No capital gains tax on most assets
- ✅ EU candidate country – DCFTA with EU provides preferential market access
- ✅ Free Industrial Zones: Kutaisi, Poti, Tbilisi – 0% corporate, income, property, and import taxes
The Virtual Zone Advantage for IT Companies
Georgia's Virtual Zone (VZ) status is a game-changer for NRI IT entrepreneurs. A VZ company pays 0% corporate tax on income earned from providing IT services to non-Georgian clients. Only a 5% dividend withholding tax applies when profits are distributed. This makes Georgia one of the most tax-efficient jurisdictions globally for software, SaaS, and digital services businesses.
Types of Georgia Companies
LLC (Shezguduli Pasuxismgeblobis Sazoɣadoeba)
The standard vehicle for foreign investors. Simple governance, no minimum capital, 1–2 day incorporation. Subject to 15% corporate tax (or 0% under Virtual Zone for qualifying IT businesses).
Free Industrial Zone (FIZ) Company
For manufacturing and trading businesses. FIZ companies enjoy 0% corporate tax, 0% income tax, 0% import/export tax, and 0% property tax within the zone.
Our Georgia Company Formation Package Includes
- Business activity assessment and Virtual Zone / FIZ eligibility review
- Company name search and reservation
- LLC incorporation with National Agency of Public Registry (NAPR)
- Registered address in Georgia (1 year)
- Virtual Zone status application (if applicable)
- Corporate bank account introduction (TBC Bank, Bank of Georgia, or Credo Bank)
- Compliance pack: UBO declaration, KYC, AML policy
- Certificate of Incorporation + Share Certificates
- Post-incorporation: VAT registration (if applicable)
Timeline
Standard LLC incorporation: 1–2 business days. Virtual Zone application: additional 5–7 days.
Frequently Asked Questions
- What is the Virtual Zone in Georgia?
- The Virtual Zone is a special tax regime for IT companies in Georgia. A VZ company pays 0% corporate tax on income from providing IT services to non-Georgian clients, and only 5% dividend withholding tax on distributions.
- Is Georgia a good choice for NRI IT entrepreneurs?
- Yes. The Virtual Zone's 0% corporate tax, combined with Georgia's low setup costs and simple compliance, makes it one of the most attractive jurisdictions globally for NRI software and SaaS businesses.
- Is Georgia in the EU?
- Georgia is an EU candidate country with a Deep and Comprehensive Free Trade Agreement (DCFTA) with the EU, providing preferential access to the European market.
Blueberry is a Kerala-based global trade and financial services facilitation firm. We work with licensed Georgian company formation agents and Virtual Zone specialists to deliver compliant, end-to-end company formation services.