{"id":275,"date":"2023-04-13T13:36:39","date_gmt":"2023-04-13T13:36:39","guid":{"rendered":"https:\/\/companyformationgeorgia.com\/?p=275"},"modified":"2023-04-13T13:36:52","modified_gmt":"2023-04-13T13:36:52","slug":"set-up-an-it-company-in-georgia","status":"publish","type":"post","link":"https:\/\/companyformationgeorgia.com\/set-up-an-it-company-in-georgia\/","title":{"rendered":"Set up an IT Company in Georgia"},"content":{"rendered":"\n<p><strong>Georgia<\/strong>\u00a0can represent the ideal location for starting an\u00a0<strong>information technology (IT) company<\/strong>, as the field has been developing at a fast pace in the last years. Investors interested in\u00a0<a href=\"https:\/\/www.companyformationgeorgia.com\/company-register-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>opening a company in Georgia<\/strong><\/a>\u00a0in the\u00a0<strong>IT sector<\/strong>\u00a0should know that at the level of 2009, only 20% of the population had\u00a0<strong>internet access<\/strong>\u00a0and only few years later, in 2013, the growth rate increased to 43%.\u00a0<a href=\"https:\/\/www.companyformationgeorgia.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Our team of company formation agents in Georgia<\/strong><\/a>\u00a0can offer more details on the\u00a0<strong>registration of an IT company<\/strong>, as well as on the business permits that will be required for specific business activities.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/companyformationgeorgia.com\/set-up-an-it-company-in-georgia\/#how-to-open-an-it-company-in-georgia\" title=\"How to open an IT company in Georgia&nbsp;\">How to open an IT company in Georgia&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/companyformationgeorgia.com\/set-up-an-it-company-in-georgia\/#the-characteristics-of-the-it-sector-in-georgia\" title=\"The characteristics of the IT sector in Georgia&nbsp;\">The characteristics of the IT sector in Georgia&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"how-to-open-an-it-company-in-georgia\"><\/span><strong>How to open an IT company in Georgia&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>An<strong>&nbsp;IT company in Georgia<\/strong>&nbsp;is registered following the standard registration procedure. After deciding on the type of&nbsp;<strong><a href=\"https:\/\/www.companyformationgeorgia.com\/companies-types-georgia\" target=\"_blank\" rel=\"noreferrer noopener\">legal entity<\/a>&nbsp;<\/strong>for the&nbsp;<strong>IT business<\/strong>, the investors will be required to perform the standard procedure of<strong>&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/company-act-georgia\" target=\"_blank\" rel=\"noreferrer noopener\">company formation in Georgia<\/a><\/strong>, which will start by registering the<strong>&nbsp;entity&nbsp;<\/strong>with the&nbsp;<strong>Entrepreneurial Register<\/strong>.&nbsp;<\/p>\n\n\n\n<p>The institution will provide an&nbsp;<strong>identification number for the company<\/strong>&nbsp;as well as a&nbsp;<strong>certificate of tax registration<\/strong>, on which&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/about-us\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>our team of company formation representatives in Georgia<\/strong><\/a>&nbsp;can offer more details.&nbsp;<\/p>\n\n\n\n<p>All the&nbsp;<strong>commercial companies in Georgia<\/strong>&nbsp;are required under the local legislation to establish a&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/opening-a-bank-account-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>corporate bank account<\/strong><\/a>, in which the&nbsp;<strong>company\u2019s representatives<\/strong>&nbsp;will deposit the&nbsp;<strong>minimum share capital<\/strong>, depending on the&nbsp;<strong>business form&nbsp;<\/strong>chosen for incorporation. Also, since it performs taxable activities, the&nbsp;<strong>company&nbsp;<\/strong>will have to register for&nbsp;<strong>value added tax (<a href=\"https:\/\/www.companyformationgeorgia.com\/vat-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\">VAT<\/a>)<\/strong>&nbsp;and for social security matters.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"the-characteristics-of-the-it-sector-in-georgia\"><\/span><strong>The characteristics of the IT sector in Georgia&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The&nbsp;<strong>IT sector in Georgia<\/strong>&nbsp;provides numerous business opportunities as it has the highest share of Gross Domestic Product (7%) compared to the neighboring countries. Investors interested in&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/public-registry-georgia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>company registration in Georgia<\/strong><\/a>&nbsp;in this field can set up their operations in the&nbsp;<strong>top IT sub-fields<\/strong>:&nbsp;<\/p>\n\n\n\n<p>\u2022 <strong>fixed telephony<\/strong>;&nbsp;<\/p>\n\n\n\n<p>\u2022 <strong>mobile telephony<\/strong>;<\/p>\n\n\n\n<p>\u2022 <strong><a href=\"https:\/\/www.companyformationgeorgia.com\/open-a-website-in-georgia\" target=\"_blank\" rel=\"noreferrer noopener\">internet<\/a>&nbsp;services<\/strong>;<\/p>\n\n\n\n<p>\u2022 <strong>digital television<\/strong>;<\/p>\n\n\n\n<p>\u2022 <strong>mobile services<\/strong>.&nbsp;<\/p>\n\n\n\n<p>At the same time, it is important to know that investors may access a wide range of programs and incentives, designed to assist&nbsp;<strong>companies<\/strong>&nbsp;operating in the<strong>&nbsp;IT sector<\/strong>.<strong>&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/legislation-related-to-foreign-investments\" target=\"_blank\" rel=\"noreferrer noopener\">Foreign companies in Georgia<\/a><\/strong>&nbsp;may benefit from&nbsp;<strong>VAT and corporate tax exemptions<\/strong>.&nbsp;<\/p>\n\n\n\n<p>If you need to&nbsp;<a href=\"https:\/\/www.creare-site.co\/\">open an IT business<\/a>&nbsp;in other countries, such as Romania, we can put you in touch with our local partners.&nbsp;<\/p>\n\n\n\n<p>Businessmen interested in receiving more information on the regulations related to the&nbsp;<strong>IT sector<\/strong>&nbsp;are invited to&nbsp;<a href=\"https:\/\/www.companyformationgeorgia.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>contact our team of company formation consultants in Georgia<\/strong><\/a>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Georgia\u00a0can represent the ideal location for starting an\u00a0information technology (IT) company, as the field has been developing at a fast pace in the last years. Investors interested in\u00a0opening a company in Georgia\u00a0in the\u00a0IT sector\u00a0should know that at the level of 2009, only 20% of the population had\u00a0internet access\u00a0and only few years later, in 2013, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":160,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[9,109,11,108],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Set up an IT Company in Georgia<\/title>\n<meta name=\"description\" content=\"Our team of company formation agents can offer assistance on how to set up an IT company in Georgia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/companyformationgeorgia.com\/set-up-an-it-company-in-georgia\/\" 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