Thailand, Georgia, Spain, Paraguay: Tax Rates & Startup Funding Compared

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

Select Countries

SingaporeCyprusEstoniaUruguayPanamaPortugalCosta RicaBelizeSwitzerlandMaltaUnited KingdomCanadaGreeceItalyParaguaySpainGeorgiaUnited Arab EmiratesGermanyIrelandIndonesiaColombiaNetherlandsArgentinaMexicoThailandSao Tome and Principe
4 selectedClear all
🇵🇾Paraguay
69
Territorial
🇪🇸Spain
69
Worldwide
🇬🇪Georgia
68
Small Business Status / Virtual Zone IT Company
🇹🇭Thailand
57
Worldwide

Dimension Profile

Shape = jurisdiction fingerprint. Gap = your decision.

Tax Regime Comparison5
🇵🇾ParaguayTerritorial10%
🇪🇸SpainWorldwide47%
🇬🇪GeorgiaSmall Business Status / Virtual Zone IT Company20%
🇹🇭ThailandWorldwide35%
Tax system mismatchCritical

Spain and Thailand tax all worldwide income once you become a tax resident (top rate: 47%). Paraguay 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 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 has 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 countries in this comparison do 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
🇵🇾Paraguay69
🇪🇸Spain69
🇬🇪Georgia68
🇹🇭Thailand57
Dimension Scores
Corporate Tax
100
32
100
43
Funding
40
100
70
70
Visa
50
90
50
90
Residency
66
43
58
58
Tax Res.
80
45
75
60
Practical
76
96
86
58
Remote Work
69
64
80
72
Family
80
95
90
80
Ecosystem
40
60
40
60
Corporate Tax Details
Corporate Tax Rate10%25%15%20%
Capital Gains Tax10%28%15%0%
Tax Treaties14965661
Territorial SystemYesNoYesNo
Funding Details
Active VCs51001420
Government GrantsNoYesYesYes
EU Funding EligibleNoYesNoNo
Visa Details
Has Startup VisaNoYesNoYes
Processing Time6045-60
Min Investment$70K---
E-ResidencyNoNoNoNo
Digital Nomad VisaNoYesYesYes
Residency Details
Visa Programs Available2232
Citizenship Timeline3101012
Dual CitizenshipYesNoNoNo
Immigration Score9796
Tax Res. Details
Tax Residency Days120183183180
Personal Tax Top Rate10472035
Territorial TaxationYesNoNoNo
Special Tax RegimeNoYesYesNo
Exit TaxNoYesNoNo
Practical Details
Banking Difficultydifficulteasyeasymoderate
100% Foreign OwnershipYesYesYesNo
Company Formation77114
Virtual Office OKYesYesYesYes
Remote Work Details
Nomad VisaNoYesNoYes
Tourist Worktoleratedgray_arealegalgray_area
Tourist Visa Days909036530
PE Risk Levellowmoderatelowlow
Days Before Tax Res.120183183180
Internet Speed3022045200
Coworking/mo$80$250$100$150
Family Details
Safety Index52727262
Int'l SchoolsYesYesYesYes
Homeschoolinglegallegal_with_restrictionslegallegal_with_restrictions
Healthcare Quality52825872
Cost of Living35553840
Ecosystem Details
Unicorns0503
English Business EnvNoNoNoNo
Talent Pool Quality38705255

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