Colombia, Georgia, Italy, Spain: Tax Rates & Visa Options Compared

Side-by-side breakdown of tax rates, visa options, startup funding, and 6 more dimensions for founders choosing where to incorporate in 2026.

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SingaporeCyprusEstoniaUruguayPanamaPortugalCosta RicaBelizeSwitzerlandMaltaUnited KingdomCanadaGreeceItalyParaguaySpainGeorgiaUnited Arab EmiratesGermanyIrelandIndonesiaColombiaNetherlandsArgentinaMexicoThailandSao Tome and Principe
4 selectedClear all
🇪🇸Spain
69
Worldwide
🇬🇪Georgia
68
Small Business Status / Virtual Zone IT Company
🇨🇴Colombia
59
Worldwide
🇮🇹Italy
70
Worldwide

Dimension Profile

Shape = jurisdiction fingerprint. Gap = your decision.

Tax Regime Comparison5
🇪🇸SpainWorldwide47%
🇬🇪GeorgiaSmall Business Status / Virtual Zone IT Company20%
🇨🇴ColombiaWorldwide39%
🇮🇹ItalyWorldwide43%
Tax system mismatchCritical

Spain and Colombia and Italy tax all worldwide income once you become a tax resident (top rate: 47%). Georgia does not - only locally-sourced income is taxed. This is a fundamental structural difference that affects your total effective tax burden.

Exit tax applies in one jurisdictionCritical

Spain has an exit tax. If you establish residency and later wish to leave, you may owe tax on unrealized gains or assets at departure. The other countries in this comparison do not have an exit tax.

27pp personal tax rate spreadReview

Both countries tax worldwide income, but the top personal income tax rates differ materially. Spain: 47% vs Georgia: 20%. Both apply to all global earnings once you establish residency.

CFC rules apply in one jurisdictionReview

Spain and Colombia and Italy have Controlled Foreign Corporation (CFC) rules. Owning a foreign company as a resident may trigger local tax on undistributed profits - even if the company pays no dividends. The other country in this comparison does not have CFC rules.

Special tax regime available in one jurisdictionNote

Georgia (Small Business Status / Virtual Zone IT Company) offers a qualifying program that may exempt foreign-source income from local tax. This can significantly reduce your effective rate compared to the standard regime.

Not tax advice. Tax laws change frequently. Verify with a qualified professional before making residency decisions.

Field-by-Field Breakdown

Green = best value per row
Metric
🇪🇸Spain69
🇬🇪Georgia68
🇨🇴Colombia59
🇮🇹Italy70
Dimension Scores
Corporate Tax
32
100
0
32
Funding
100
70
85
100
Visa
90
50
60
90
Residency
43
58
70
68
Tax Res.
45
75
50
55
Practical
96
86
86
83
Remote Work
64
80
79
64
Family
95
90
80
85
Ecosystem
60
40
60
65
Corporate Tax Details
Corporate Tax Rate25%15%35%27.9%
Capital Gains Tax28%15%10%26%
Tax Treaties965617100
Territorial SystemNoYesNoNo
Funding Details
Active VCs100145580
Government GrantsYesYesYesYes
EU Funding EligibleYesNoNoYes
Visa Details
Has Startup VisaYesNoNoYes
Processing Time45-4560
Min Investment--$27K-
E-ResidencyNoNoNoNo
Digital Nomad VisaYesYesYesYes
Residency Details
Visa Programs Available2334
Citizenship Timeline1010510
Dual CitizenshipNoNoYesYes
Immigration Score7976
Tax Res. Details
Tax Residency Days183183183183
Personal Tax Top Rate47203943
Territorial TaxationNoNoNoNo
Special Tax RegimeYesYesNoYes
Exit TaxYesNoNoNo
Practical Details
Banking Difficultyeasyeasymoderatemoderate
100% Foreign OwnershipYesYesYesYes
Company Formation71530
Virtual Office OKYesYesYesYes
Remote Work Details
Nomad VisaYesNoYesYes
Tourist Workgray_arealegaltoleratedgray_area
Tourist Visa Days903659090
PE Risk Levelmoderatelowlowmoderate
Days Before Tax Res.183183183183
Internet Speed2204545117
Coworking/mo$250$100$120$275
Family Details
Safety Index72724465
Int'l SchoolsYesYesYesYes
Homeschoolinglegal_with_restrictionslegallegallegal_with_restrictions
Healthcare Quality82586582
Cost of Living55384255
Ecosystem Details
Unicorns5059
English Business EnvNoNoNoNo
Talent Pool Quality70526265

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