1. Introduction
One of Georgia’s goals is to become an information technology center in the region, and since 2011 the country has been attracting international investment and stimulating the IT business. Even from January 1, 2011 law on information technology zones came into force, changes were made to the tax code and the Government resolution on the procedures and conditions for virtual zone person’s status was realized, which sets an important regulatory and tax benefits and attractive environment for export-oriented IT companies.
Let’s explain what a virtual zone person means and what benefits these entities enjoy in detail.
Virtual zone person is a legal entity that carries out information technology activities and has been granted the appropriate status.
information technologies (IT) is defined by law and means – study, support, development, design, production and introduction of computer information systems, as a result of which software products are obtained. It should be noted that the definition of information technology is very broad and combines many activities.