Italy, Spain, Georgia: 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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Singapore Cyprus Estonia Uruguay Panama Portugal Costa Rica Belize Switzerland Malta United Kingdom Canada Greece Italy Paraguay Spain Georgia United Arab Emirates Germany Ireland Indonesia Colombia Netherlands Argentina Mexico Thailand Sao Tome and Principe

3 selectedClear all

🇪🇸Spain

Worldwide

🇬🇪Georgia

Small Business Status / Virtual Zone IT Company

🇮🇹Italy

Worldwide

Dimension Profile

Shape = jurisdiction fingerprint. Gap = your decision.

Tax Regime Comparison5

🇪🇸SpainWorldwide47%

🇬🇪GeorgiaSmall Business Status / Virtual Zone IT Company20%

🇮🇹ItalyWorldwide43%

Tax system mismatchCritical

Spain 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 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	🇮🇹Italy70
Dimension Scores
Corporate Tax	32	100	32
Funding	100	70	100
Visa	90	50	90
Residency	43	58	68
Tax Res.	45	75	55
Practical	96	86	83
Remote Work	64	80	64
Family	95	90	85
Ecosystem	60	40	65
Corporate Tax Details
Corporate Tax Rate	25%	15%	27.9%
Capital Gains Tax	28%	15%	26%
Tax Treaties	96	56	100
Territorial System	No	Yes	No
Funding Details
Active VCs	100	14	80
Government Grants	Yes	Yes	Yes
EU Funding Eligible	Yes	No	Yes
Visa Details
Has Startup Visa	Yes	No	Yes
Processing Time	45	-	60
Min Investment	-	-	-
E-Residency	No	No	No
Digital Nomad Visa	Yes	Yes	Yes
Residency Details
Visa Programs Available	2	3	4
Citizenship Timeline	10	10	10
Dual Citizenship	No	No	Yes
Immigration Score	7	9	6
Tax Res. Details
Tax Residency Days	183	183	183
Personal Tax Top Rate	47	20	43
Territorial Taxation	No	No	No
Special Tax Regime	Yes	Yes	Yes
Exit Tax	Yes	No	No
Practical Details
Banking Difficulty	easy	easy	moderate
100% Foreign Ownership	Yes	Yes	Yes
Company Formation	7	1	30
Virtual Office OK	Yes	Yes	Yes
Remote Work Details
Nomad Visa	Yes	No	Yes
Tourist Work	gray_area	legal	gray_area
Tourist Visa Days	90	365	90
PE Risk Level	moderate	low	moderate
Days Before Tax Res.	183	183	183
Internet Speed	220	45	117
Coworking/mo	$250	$100	$275
Family Details
Safety Index	72	72	65
Int'l Schools	Yes	Yes	Yes
Homeschooling	legal_with_restrictions	legal	legal_with_restrictions
Healthcare Quality	82	58	82
Cost of Living	55	38	55
Ecosystem Details
Unicorns	5	0	9
English Business Env	No	No	No
Talent Pool Quality	70	52	65

Next steps

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