Follow Us

We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message

Georgia to reinvent country as IT haven

Developers lured with tax-free promise

Article comments

It is unlikely to worry anyone working in Silicon Valley, but the Caucasian state of Georgia has declared an ambition to turn itself into a tax-free zone for IT companies.

According to a Russian news site, Georgian Prime Minister Nikoloz Gilauri, the state wants to lure foreign software companies to use the country as a cheap development centre.

The country already gives indigenous companies tax-free status if they operate from special industrial zones in the cities of Poti and Kutaisi, but the new breaks are squarely aimed at outsiders.

Sandwiched between Turkey and Iran to the south and Russia to the north, Georgia’s current significant export industries are oil and gas.

Fresh from a military confrontation with Russian in 2008, Georgia is unlikely to get many takers from foreign companies. The sort of software skills that countries such as Georgia have to offer can be bought without incorporating there.

Even in countries without a recent history of conflict, perks such as low or no tax will probably only attract developers from the immediate geographical region. Large IT houses want long-term guarantees over taxation and governmental stability, neither of which Georgia is in a position to offer.  



Share:

More from Techworld

More relevant IT news

Comments



Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

Techworld White Papers

Choose – and Choose Wisely – the Right MSP for Your SMB

End users need a technology partner that provides transparency, enables productivity, delivers...

Download Whitepaper

10 Effective Habits of Indispensable IT Departments

It’s no secret that responsibilities are growing while budgets continue to shrink. Download this...

Download Whitepaper

Gartner Magic Quadrant for Enterprise Information Archiving

Enterprise information archiving is contributing to organisational needs for e-discovery and...

Download Whitepaper

Advancing the state of virtualised backups

Dell Software’s vRanger is a veteran of the virtualisation specific backup market. It was the...

Download Whitepaper

Techworld UK - Technology - Business

Innovation, productivity, agility and profit

Watch this on demand webinar which explores IT innovation, managed print services and business agility.

Techworld Mobile Site

Access Techworld's content on the move

Get the latest news, product reviews and downloads on your mobile device with Techworld's mobile site.

Find out more...

From Wow to How : Making mobile and cloud work for you

On demand Biztech Briefing - Learn how to effectively deliver mobile work styles and cloud services together.

Watch now...

Site Map

* *