Georgia is steadily gaining popularity among programmers, freelancers and online business owners who are looking for the most favorable tax conditions and ease of doing business. In this article, we will examine why Georgia is becoming such a “magnet” for IT specialists, and also tell you about the peculiarities of registering sole proprietorships and companies in the virtual zone, which allow you to enjoy unique advantages.

1. Low taxes: from 1% for sole proprietorships and benefits for IT businesses

One of the main factors of Georgia's attractiveness is its progressive tax system:

• IE with small business status: The income tax rate can be as low as 1% (3% in some cases), which significantly reduces the tax burden.
• Virtual zone: Companies granted the status of a virtual zone enjoy favorable conditions for IT activities: 0% tax on profits received from the export of IT services outside Georgia.

These terms significantly reduce costs and allow IT entrepreneurs and freelancers to scale their businesses more efficiently.

2. Remote registration of sole proprietorships and companies: quick and easy

For busy freelancers and entrepreneurs, especially those living in other countries, it is crucial to minimize bureaucratic processes. In Georgia:

• Registration of a sole proprietorship or a company (including with the status of a virtual zone) can be done remotely by power of attorney.
• All documents are processed in a short period of time.
• Opening an account to work with foreign customers is possible in payment systems such as Payoneer or Wise.

Thus, you do not have to waste time on long visits to the state authorities - it is enough to entrust the registration to specialists and enjoy the fruits of remote registration.

3. Availability and convenience of banking and payment instruments

Georgia is characterized by a loyal financial climate:

• Bank accounts are opened quickly and without unnecessary questions, provided that the documents are correctly executed.
• A lot of payment systems and providers (Payoneer, Wise and others) willingly work with Georgian details.

You won't have to find complicated workarounds to get paid for your work: Georgia's financial infrastructure is friendly to entrepreneurs and remote workers.

4. Online business in Georgia: flexibility and prospects

For startup and online project owners, Georgia offers several other significant advantages:

• Flexible corporate law: minimum bureaucratic barriers and modern management mechanisms.
• Full control via the internet: all major transactions, from filing documents to paying taxes, can be done online.
• Access to foreign markets: Georgian companies and sole proprietors do not face severe restrictions on international transfers and contracts.

This makes Georgia especially attractive for those who are globally oriented and want to develop their business without unnecessary barriers.

5. Access to global markets: benefits for expats from Russia, Belarus and Ukraine

Georgia not only offers favorable tax conditions, but also gives IT specialists and freelancers from Russia, Belarus and Ukraine an opportunity to easily enter the international market:

• No sanctions restrictions: Georgian banks and payment systems are not subject to strict sanctions barriers, which makes it possible to quietly receive and send transfers.
• Wide network of correspondent banks: thanks to established relations with foreign financial institutions, Georgian banks can quickly make payments all over the world.
• Convenience of conversion: The Georgian banking system supports multiple currencies, which gives flexibility in dealing with clients from different countries.
• Flexible visa regime: expats from many CIS countries can stay in Georgia for long periods of time without a visa, which simplifies the move and life on the ground.

This combination of factors makes Georgia a good alternative for those facing financial or bureaucratic constraints in their home countries.

6. Why is it profitable to cooperate with ESPERO?

In order to structure your business properly and take advantage of all the advantages of the Georgian tax system, you need to have a reliable partner in the local market. ESPERO ( espero.ge ) offers comprehensive services for:

• Registration of sole proprietorships (1%) or companies with virtual zone status.
• Drawing up powers of attorney and handling the registration process with state authorities.
• Consulting in tax, accounting and IT legislation.
• Support in opening bank and payment system accounts.

Want to work remotely and pay from 1% in taxes?

Leave an application at espero.ge and get full consultation and support when registering your IT-business or IE status in Georgia. Save time, nerves and money - entrust the registration to professionals!

Conclusion

Georgia is one of the most convenient places for programmers, freelancers and IT entrepreneurs. Low taxes, remote registration of companies and individual entrepreneurs, as well as developed payment infrastructure and absence of sanctions restrictions ensure comfortable work and stable growth in the IT sphere. If you are looking for opportunities to optimize your tax burden and want to focus on the development of your business, Georgia will be the ideal solution for you.

Do not postpone success for later - start your business in Georgia today with the help of ESPERO!