Tax System
Many countries in the region offer an attractive tax system, making them highly appealing to IT professionals and companies seeking to hire them remotely. Take Georgia, for example, where the tax rate for individual entrepreneurs is only 1%. Since February 2022, many experienced specialists have relocated to the country, legalised their status, and established individual businesses. It has allowed companies to hire talented specialists from this region while offering them more competitive salaries due to the significant tax savings.
However, when hiring specialists in Western Europe, companies face higher taxes, preventing them from offering candidates similar beneficial conditions.