Thailand, Indonesia, Georgia, Mexico: Tax Rates & Business Setup Compared

Side-by-side breakdown of tax rates, business setup, 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
🇮🇩Indonesia
61
Worldwide
🇬🇪Georgia
68
Small Business Status / Virtual Zone IT Company
🇲🇽Mexico
58
Worldwide
🇹🇭Thailand
57
Worldwide

Dimension Profile

Shape = jurisdiction fingerprint. Gap = your decision.

Tax Regime Comparison5
🇮🇩IndonesiaWorldwide35%
🇬🇪GeorgiaSmall Business Status / Virtual Zone IT Company20%
🇲🇽MexicoWorldwide35%
🇹🇭ThailandWorldwide35%
Tax system mismatchCritical

Indonesia and Mexico and Thailand tax all worldwide income once you become a tax resident (top rate: 35%). 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

Mexico 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.

15pp personal tax rate spreadNote

Both countries tax worldwide income, but the top personal income tax rates differ materially. Indonesia: 35% vs Georgia: 20%. Both apply to all global earnings once you establish residency.

CFC rules apply in one jurisdictionReview

Mexico 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
🇮🇩Indonesia61
🇬🇪Georgia68
🇲🇽Mexico58
🇹🇭Thailand57
Dimension Scores
Corporate Tax
37
100
15
43
Funding
80
70
85
70
Visa
90
50
50
90
Residency
43
58
65
58
Tax Res.
55
75
40
60
Practical
45
86
73
58
Remote Work
67
80
56
72
Family
75
90
80
80
Ecosystem
70
40
70
60
Corporate Tax Details
Corporate Tax Rate22%15%30%20%
Capital Gains Tax-15%30%0%
Tax Treaties71566561
Territorial SystemNoYesNoNo
Funding Details
Active VCs30148220
Government GrantsYesYesYesYes
EU Funding EligibleNoNoNoNo
Visa Details
Has Startup VisaYesNoNoYes
Processing Time60-3060
Min Investment--$40K-
E-ResidencyNoNoNoNo
Digital Nomad VisaYesYesNoYes
Residency Details
Visa Programs Available2332
Citizenship Timeline1010512
Dual CitizenshipNoNoYesNo
Immigration Score5976
Tax Res. Details
Tax Residency Days183183183180
Personal Tax Top Rate35203535
Territorial TaxationNoNoNoNo
Special Tax RegimeNoYesNoNo
Exit TaxNoNoYesNo
Practical Details
Banking Difficultydifficulteasymoderatemoderate
100% Foreign OwnershipNoYesYesNo
Company Formation3011014
Virtual Office OKNoYesYesYes
Remote Work Details
Nomad VisaYesNoNoYes
Tourist Workgray_arealegaltoleratedgray_area
Tourist Visa Days3036518030
PE Risk Levellowlowmoderatelow
Days Before Tax Res.183183183180
Internet Speed254555200
Coworking/mo$100$100$150$150
Family Details
Safety Index55724162
Int'l SchoolsYesYesYesYes
Homeschoolinglegallegallegallegal_with_restrictions
Healthcare Quality55586572
Cost of Living32384840
Ecosystem Details
Unicorns80183
English Business EnvNoNoNoNo
Talent Pool Quality50526855

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