Tax Reliefs for International Companies
Strengthening Georgia's potential as a regional hub and therefore attracting multinational companies, has been priority for Georgian government in defining special provisions for the status of International Company - the project actively in the making since October 2020.
To facilitate the idea, Georgian and foreign companies in the fields of information technologies and maritime navigation, who provide services abroad, were given the opportunity to apply for international status and thus become eligible to the tax reliefs : Personal and Corporate Income tax rate 5% ; Dividend and Property (except for land) tax – 0%.
The law considers several requirements for an enterprise intending to be granted the status of International Company:
The status can be granted to IT and maritime companies. Accordingly, a specific list of activities allowed in these areas has been established.
Granting the status requires at least two years of experience in the permitted activities, which can be possessed by the interested company or its founder.
Procedure for granting the status
The status is granted by the Government of Georgia after submitting the application in the prescribed form and submitting the attached materials to the Revenue Service. The Government of Georgia will issue an ordinance on granting the status of an international company to an entity indefinitely (for life).
In the current period, the status of an international company is already being claimed by number of business. Information about the companies who have already been granted the status is available on the Revenue Service website: https://rs.ge/InternationalOrgStatus
If you find this opportunity interesting, we encourage you to familiarize yourself with the relevant legislation, including:
► Article 23 of the Tax Code of Georgia
► № 619 Resolution of the Government of Georgia, on Determining the Status of an International
Company, List of Permitted Activities and Approval of Separate Expenses
► Form for submitting the application, approved by the order № 996 of the Minister of Finance on
Although general information on the topic is available in abundance, the process of granting the status is quite specific and requires consideration additional details. BDO's expertise in the matter stipulates active cooperation with interested entities regarding the issue and number of the companies have already successfully obtained the status of International Company.
Talk to us to find out additional information and procedural details regarding obtaining International status.