Georgia Free Zone Company – Simple Setup for Indian Passport Holders

For Indian entrepreneurs seeking a tax-efficient way to establish a business internationally, setting up a free zone company in Georgia offers unique benefits. Free zone companies, especially those registered in Georgia’s Virtual Zone, provide tax exemptions, straightforward registration, and a flexible environment suited for international businesses, especially in IT, consulting, and service industries.

Key Advantages of a Free Zone Company in Georgia

1. Significant Tax Benefits
   Georgia’s Virtual Zone status offers 0% tax on profits generated from outside Georgia, making it particularly attractive for Indian entrepreneurs providing digital or consulting services globally. This tax exemption applies to qualifying revenue, allowing Indian business owners to maximize profits while minimizing tax obligations.
2. Quick and Easy Registration Process
   Setting up a free zone company in Georgia is straightforward, with minimal paperwork and an efficient application process. In many cases, registration can be completed within a day, allowing Indian entrepreneurs to start operations swiftly. No local shareholder is required, and foreign nationals can fully own the company, giving Indian passport holders complete control over their business structure.
3. 100% Foreign Ownership
   Georgia permits 100% foreign ownership in free zone companies, allowing Indian investors and business owners to operate without local partnership requirements. This flexibility is beneficial for those who wish to retain control over their operations and business direction.
4. Banking and Multi-Currency Accounts
   Businesses in Georgia’s free zones have access to local banking services, including multi-currency accounts that facilitate international transactions. Georgian banks offer accessible KYC processes for foreign nationals, which is helpful for Indian business owners who need easy banking setup and reliable account management for cross-border operations.
5. Ease of International Operations
   Free zone companies in Georgia can conduct business globally with no restrictions on foreign exchange. This is advantageous for Indian business owners serving clients in multiple countries, as they can manage revenue without facing currency restrictions or complicated foreign exchange policies. Georgia’s free zone status is especially appealing for companies in IT, digital marketing, and other service sectors that do not rely on physical goods.
6. Visa-Free Entry and Residency Options
   Indian passport holders benefit from Georgia’s visa-free policy, allowing them to stay in Georgia for up to one year without a visa. This policy makes it easier for Indian business owners to establish and monitor their free zone companies. For those interested in long-term business commitments, investing in Georgia can also open pathways to residency, which is useful for entrepreneurs planning to expand their presence.

Steps to Setting Up a Free Zone Company in Georgia

1. Business Registration and Virtual Zone Status Application
   To set up a free zone company, Indian business owners must register their company with Georgian authorities. The registration process includes applying for Virtual Zone status, which grants the tax exemption. Georgia Business and Residential Law offers support with application preparation, document submission, and Virtual Zone approval, ensuring the process is quick and legally compliant.
2. Opening a Bank Account
   Setting up a Georgian bank account is essential for managing company finances. Our team assists Indian entrepreneurs with selecting a bank, fulfilling KYC requirements, and setting up multi-currency accounts, making transactions and currency conversions easy to manage.
3. Legal Compliance and Permits
   While free zone companies enjoy minimal restrictions, certain industries may require additional permits or licenses. Georgia Business and Residential Law provides guidance on compliance, ensuring all necessary permits are secured based on your business type.
4. Access to Legal Support and Advisory Services
   Ongoing support is beneficial for Indian entrepreneurs to stay compliant with Georgian laws, including tax filings, regulatory changes, and operational guidelines. Our legal team provides advisory services, enabling Indian business owners to manage their companies effectively.

Top Sectors for Free Zone Companies

• IT and Digital Services: Virtual Zone status suits IT companies, consulting services, and software firms generating revenue outside Georgia.
• Consulting and Advisory Services: Business consultancy firms can benefit from tax exemptions while expanding internationally.
• Digital Marketing and Media: Service-based companies providing global marketing, media, or content creation can easily leverage Georgia’s favorable tax policies.