Databases for Multi Time Zone

We got two different SQL Server which are running SQL Server 2008 R2 and soon we are upgrading to one SQL Server 2012. Both are running in different time zone

I been given a task that whether is it possible to publish databases on One Server with different Time Zone( just to reduce the cost).

we got  1000+ SP's which uses Getdate() and GET date UTC function. 

My Question is that, is it possible to publish databases on a single server with multi Time zone and if yes then how do i manage those. 

Thanks