Portugal, Italy, Greece, Georgia: Tax Rates & Startup Ecosystem Compared

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

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4 selectedClear all
🇵🇹Portugal
76
IFICI (Incentivo Fiscal para a Internacionalização de Competências e Investimento)
🇬🇪Georgia
68
Small Business Status / Virtual Zone IT Company
🇬🇷Greece
70
Worldwide
🇮🇹Italy
70
Worldwide

Dimension Profile

Shape = jurisdiction fingerprint. Gap = your decision.

Tax Regime Comparison5
🇵🇹PortugalIFICI (Incentivo Fiscal para a Internacionalização de Competências e Investimento)48%
🇬🇪GeorgiaSmall Business Status / Virtual Zone IT Company20%
🇬🇷GreeceWorldwide44%
🇮🇹ItalyWorldwide43%
Tax system mismatchCritical

Greece and Italy tax all worldwide income once you become a tax resident (top rate: 44%). Portugal and Georgia do 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

Portugal and Greece have 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.

28pp personal tax rate spreadReview

Both countries tax worldwide income, but the top personal income tax rates differ materially. Portugal: 48% vs Georgia: 20%. Both apply to all global earnings once you establish residency.

CFC rules apply in one jurisdictionReview

Portugal and Greece 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

Portugal (IFICI (Incentivo Fiscal para a Internacionalização de Competências e Investimento)), Georgia (Small Business Status / Virtual Zone IT Company) offer a qualifying program that may exempt foreign-source income from local tax for up to 10 years. 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
🇵🇹Portugal76
🇬🇪Georgia68
🇬🇷Greece70
🇮🇹Italy70
Dimension Scores
Corporate Tax
55
100
52
32
Funding
95
70
85
100
Visa
90
50
85
90
Residency
78
58
60
68
Tax Res.
45
75
45
55
Practical
91
86
83
83
Remote Work
69
80
79
64
Family
95
90
85
85
Ecosystem
90
40
65
65
Corporate Tax Details
Corporate Tax Rate21%15%22%27.9%
Capital Gains Tax28%15%22%26%
Tax Treaties785657100
Territorial SystemNoYesNoNo
Funding Details
Active VCs48141680
Government GrantsYesYesYesYes
EU Funding EligibleYesNoYesYes
Visa Details
Has Startup VisaYesNoYesYes
Processing Time90-12060
Min Investment$0-$272K-
E-ResidencyNoNoNoNo
Digital Nomad VisaYesYesYesYes
Residency Details
Visa Programs Available3364
Citizenship Timeline510710
Dual CitizenshipYesNoYesYes
Immigration Score8966
Tax Res. Details
Tax Residency Days183183183183
Personal Tax Top Rate48204443
Territorial TaxationNoNoNoNo
Special Tax RegimeYesYesYesYes
Exit TaxYesNoYesNo
Practical Details
Banking Difficultymoderateeasymoderatemoderate
100% Foreign OwnershipYesYesYesYes
Company Formation311030
Virtual Office OKYesYesYesYes
Remote Work Details
Nomad VisaYesNoYesYes
Tourist Workgray_arealegalillegalgray_area
Tourist Visa Days903659090
PE Risk Levelmoderatelowmoderatemoderate
Days Before Tax Res.183183183183
Internet Speed854593117
Coworking/mo$180$100$175$275
Family Details
Safety Index82725465
Int'l SchoolsYesYesYesYes
Homeschoolinglegal_with_restrictionslegallegal_with_restrictionslegal_with_restrictions
Healthcare Quality76585982
Cost of Living68384055
Ecosystem Details
Unicorns6029
English Business EnvYesNoYesNo
Talent Pool Quality72526865

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