Spain, Portugal, United Kingdom, 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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🇪🇸Spain

Worldwide

🇵🇹Portugal

IFICI (Incentivo Fiscal para a Internacionalização de Competências e Investimento)

🇬🇪Georgia

Small Business Status / Virtual Zone IT Company

🇬🇧United Kingdom

Worldwide

Dimension Profile

Shape = jurisdiction fingerprint. Gap = your decision.

Tax Regime Comparison5

🇪🇸SpainWorldwide47%

🇵🇹PortugalIFICI (Incentivo Fiscal para a Internacionalização de Competências e Investimento)48%

🇬🇪GeorgiaSmall Business Status / Virtual Zone IT Company20%

🇬🇧United KingdomWorldwide45%

Tax system mismatchCritical

Spain and United Kingdom tax all worldwide income once you become a tax resident (top rate: 47%). 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

Spain and Portugal 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

Spain and Portugal and United Kingdom 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	🇪🇸Spain69	🇵🇹Portugal76	🇬🇪Georgia68	🇬🇧United Kingdom71
Dimension Scores
Corporate Tax	32	55	100	42
Funding	100	95	70	85
Visa	90	90	50	80
Residency	43	78	58	65
Tax Res.	45	45	75	45
Practical	96	91	86	100
Remote Work	64	69	80	43
Family	95	95	90	80
Ecosystem	60	90	40	100
Corporate Tax Details
Corporate Tax Rate	25%	21%	15%	25%
Capital Gains Tax	28%	28%	15%	24%
Tax Treaties	96	78	56	130
Territorial System	No	No	Yes	No
Funding Details
Active VCs	100	48	14	650
Government Grants	Yes	Yes	Yes	Yes
EU Funding Eligible	Yes	Yes	No	No
Visa Details
Has Startup Visa	Yes	Yes	No	Yes
Processing Time	45	90	-	56
Min Investment	-	$0	-	$0
E-Residency	No	No	No	No
Digital Nomad Visa	Yes	Yes	Yes	No
Residency Details
Visa Programs Available	2	3	3	3
Citizenship Timeline	10	5	10	6
Dual Citizenship	No	Yes	No	Yes
Immigration Score	7	8	9	7
Tax Res. Details
Tax Residency Days	183	183	183	183
Personal Tax Top Rate	47	48	20	45
Territorial Taxation	No	No	No	No
Special Tax Regime	Yes	Yes	Yes	No
Exit Tax	Yes	Yes	No	No
Practical Details
Banking Difficulty	easy	moderate	easy	easy
100% Foreign Ownership	Yes	Yes	Yes	Yes
Company Formation	7	3	1	1
Virtual Office OK	Yes	Yes	Yes	Yes
Remote Work Details
Nomad Visa	Yes	Yes	No	No
Tourist Work	gray_area	gray_area	legal	illegal
Tourist Visa Days	90	90	365	180
PE Risk Level	moderate	moderate	low	very_high
Days Before Tax Res.	183	183	183	183
Internet Speed	220	85	45	85
Coworking/mo	$250	$180	$100	$400
Family Details
Safety Index	72	82	72	65
Int'l Schools	Yes	Yes	Yes	Yes
Homeschooling	legal_with_restrictions	legal_with_restrictions	legal	legal
Healthcare Quality	82	76	58	78
Cost of Living	55	68	38	105
Ecosystem Details
Unicorns	5	6	0	75
English Business Env	No	Yes	No	Yes
Talent Pool Quality	70	72	52	90

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