The LLC is the legal structure of the company. IC and VZP are tax special statuses - they do not replace the LLC, but require a Georgian company and additional qualifying conditions.
| Criterion | Standard LLC | International Company (IC) | Virtual Zone Person (VZP) |
|---|---|---|---|
| Target Group | International entrepreneurs and investors with permissible business activity in Georgia | Established IT companies and qualifying trading and manufacturing businesses | Export-oriented software developers and providers of supporting IT services |
| Legal Classification | Legal entity with limited shareholder liability | Tax special status of a Georgian company | Tax special status of a Georgian company |
| Permitted Activity | No exhaustive activity list; other laws and licences apply | Only qualifying IT, trading, and manufacturing activities listed in the relevant annex | Active software development or supporting IT services |
| Geographic Orientation | No specific restriction; tax treatment depends on place of supply | International; 0% VAT on qualifying cross-border services | Services exclusively to clients outside Georgia |
| Staff in Georgia | No status-related minimum requirement | Must actually carry out their work in Georgia | Must actually carry out their work in Georgia |
| Payroll Filings Before Application | - | At least 3 months | At least 2 months |
| Corporate Income Tax | 15% on distributed profits | 5% on distributed profits | 0% on qualifying activities |
| Dividend Tax | 5% on distributions to individuals | 0% | 5% |
| Payroll Tax | 20% | 5% | 20% |
| VAT | 18% standard rate | 0% on qualifying cross-border services | 0% on qualifying cross-border services |
| Property Tax | Up to 1% | 0% | 1% |
| Special Requirements | Articles, management, registry structure, work authorisation for director | Qualifying activity; min. 2 years' experience; operational presence; supporting documents; work authorisation | Qualifying IT activity; foreign clients; staff and payroll filings in Georgia; contract evidence; work authorisation |
| Indicative Fee | from EUR 3,700 | from EUR 4,700 | from EUR 4,700 |
Due to recent legislative changes, the director of a Georgian LLC is required to hold a valid work authorisation. The individual cost of the application is EUR 500 and is already included in the LLC, IC, and VZP packages.
What services are actually provided, where are the clients, and where does the team work?
Do the services qualify under the IC list or meet VZP requirements? Can the two years of IC experience be evidenced?
Define shareholders, management, articles, share classes, and representation arrangements.
Complete registration, set up Revenue Service access, and arrange a business address.
Hire staff, submit payroll and pension filings, document contracts, and arrange premises if required.
Compile and submit the application, handle queries, and accompany the Revenue Service interview.
Monitor bookkeeping, tax and payroll filings, and the continued fulfilment of status conditions.
Would you like to find out which option - LLC, IC or VZP - is best suited to your situation?