1644412772 • law
Tax incentives for IT businesses in Georgia
Georgian government understands the importance of IT industry’s role in the country’s economic development and offers significant tax incentives to foreign investors and foreign IT companies.
What are the exact benefits?
Georgia offers two special tax statuses to IT companies: International Company status and Virtual Zone Entity status. Both offer significant tax advantages to investors.
International Zone Company status offers the following tax benefits:
Ø Personal income tax rate, which is tax paid on salaries and other employee benefits, is reduced from 20% to 5%
Ø Corporate income tax rate, which is tax paid on company’s profits upon dividend distribution, is reduced from 15% to 5%
Key benefit of Virtual Zone Entity status, on the other hand, is that companies pay zero taxes on profits generated from exports i.e., profits generated from foreign sources (non-residents of Georgia)
Between the two statuses, International Company status is usually considered more lucrative for investors, but, at the same time, is more difficult to obtain
How can foreign investors check the eligibility for the tax benefits?
There are number of eligibility requirements for the tax benefits. Luckily, Georgian accounting services industry is well developed, and local companies offer international level of service. Investors seeking to obtain tax benefits are recommended to seek local advice. Fees for accounting services in Tbilisi and other cities of Georgia are usually quite low and service is usually quite fast. Local firms help foreign investors not only to check the eligibility, but also to obtain the tax statuses.
Adshub.ge is a group of restaurant industry professionals with considerable expertise collaborating with digital-based businesses. The Bread and Wine restaurant, one of our most prestigious joint ventures, perfectly illustrates our work. We offer a comprehensive digital service, including SMM, copywriting, and web development, alongside SEO.On-Page SEOOn-page optimization is the single most important aspect of organic search rankings for specific keywords. Included in on-page SEO are:- On page content- Section headers- Each URLs Title Tag- Each URLs Meta Description- Images and MediaYour site will rank higher for targeted keywords if the content is interesting, useful, and informative. A website's on-page content is ground zero for gaining search engine rankings. We provide the following on-page SEO services:- Blog Posts- Web page Copy- Product Descriptions- Long Form Content & Technical WritingSearch engines use a "freshness" signal to determine how often a website should be ranked. While quality material gets you noticed by search engines, fresh content will keep you at the top.The search engines will have more faith in your site if you link between your new material and your major landing pages. Backlinks are utilized by search engines as a means of determining which pages throughout the web are the most pertinent. Internal links are a great way to show search engines which pages are crucial to your site.Off-Page SEOIn SEO, off-page refers to activities that don't directly include your website's content.While off-page SEO and link building were often used interchangeably, today, there are numerous other strategies that can be employed:- brand building- citation building- content marketing- social media, and more.These strategies make your website more user-friendly, which in turn makes it more transparent to search engines, which in turn improves the authority, credibility, and relevancy of your website.
economic • 1670313104
Khobi municipal council member Nugzar Shushani, who was expelled from Giorgi Gakharia's party, has been elected Deputy Chairman of the municipal council by the Georgian Dream.As Berdia Sichinava, a member of the For Georgia party told InterPressNews, the decision was made at the Khobi municipal council session today."The party pursues a strict policy in relation to every such case. All those, who will be noticed in any form of bribery or cooperation with another political party, naturally, will be expelled from the party by our political council. As you can see, our information was confirmed the very next day. There will be no place for such people in our party," said Berdia Sichinava.According to him, the Government is actively persecuting the representatives of the For Georgia party, including members of the municipal councils."We can directly say that the Government is actively persecuting representatives of our political party, including members of the municipal councils. They use different methods. You know very well that the criminal world is directly involved in all this," said Berdia Sichinava.The For Georgia party stated yesterday that "Nugzar Shushania and Maka Chartia, members of the Khobi municipal council, who had been bribed and won over by the Dream, were expelled from the party. According to the party, Nugzar Shushania was promised the position of the Deputy Chairman of the municipal council.
Politics • 1660301140
Georgia will never return to the street and destabilization politics. The government will do its best to continue democratic reforms,” said Parliament Vice Speaker Archil Talakvadze.Talakvadze said the radical opposition chooses street protest, while other opposition parties support European parliamentary result-oriented policies.Vice Speaker remarked on the statement of the Girchi-More Freedom party leader, Zurab Japaridze, who said that anti-government protests would resume from September.
Politics • 1660301008
The announcement comes more than two years after the healthcare giant ended sales of the product in the US.J&J faces tens of thousands of lawsuits from women who allege its talcum powder contained asbestos and caused them to develop ovarian cancer.But the company reiterated its view that decades of independent research shows the product is safe to use."As part of a worldwide portfolio assessment, we have made the commercial decision to transition to an all cornstarch-based baby powder portfolio," it said in a statement.The firm added that cornstarch-based baby powder is already sold in countries around the world.
World • 1660300951
Villagio Eco Company arranged a tourist infrastructure in Mirzaani village of the Dedoplistskaro Municipality with the support of the Rural Development Program in Georgia.The hotel unites 10 wooden cottages with the investment in the amount of over 225 thousand GEL and with co-financing of the program with 170 thousand GEL. Thirteen locals are employed at the hotel.The grant program was initiated by the EU and UNDP and ran in partnership with the Rural Development Agency of Georgia’s Ministry of Environmental Protection and Agriculture.The program financed 76 projects in Keda, Kholo, Borjomi, Akhalkalaki, Tetritskaro, Kazbegi and Dedoplistskaro Municipalities.
Society • 1660290537
The Prime Minister of Georgia, Irakli Gharibashvili, congratulates the citizens of Didgori.According to the head of the government, the heritage of Didgori determines our national self-awareness and belief that by standing together as a nation and a monk, with love for the country, and loyalty to the values of freedom and independence, we will be able to overcome the challenges of the country and make the country whole."Congratulations to Didgori - Victory Day of Georgians! "Mighty Sakvirveli" is a symbol of Georgia's strength, unity, struggle for the motherland and dedication. Over the centuries, the heritage of Didgori has determined our national self-awareness and belief that by standing together as a nation and a monk, with love for the country, and loyalty to the values of freedom and independence, we will be able to overcome all challenges, smooth the country and achieve our historical goals. I wish consolidation, strengthening and progress to our homeland!", the Prime Minister's statement said.
Society • 1660287779