Georgia, a strategically located country at the crossroads of Europe and Asia, has become an attractive destination for businesses looking to expand globally. The government of Georgia has introduced the International Company Status, which offers several benefits, including tax incentives for qualifying enterprises.
This guide outlines the five key requirements that a company must meet to achieve international company status, as well as the procedures to follow and the tax benefits that come with this status.
Companies with international company status enjoy a significantly reduced profit tax rate of 5%, as opposed to the standard 15% corporate income tax in Georgia. This tax is levied only at the time of distribution, making it even more beneficial for businesses aiming to grow internationally.
Obtaining international company status in Georgia can offer a variety of advantages to businesses seeking to expand their global footprint. By meeting the necessary requirements and following the appropriate procedures, companies can benefit from a favorable tax environment, which can contribute to their overall success in the international market.