Doing business in Georgia has become one of the country’s biggest attractions. Close to Europe, with a good reputation, Georgia is one of the most business-friendly and open countries in the World.
Georgia is an alternative jurisdiction whether as a place to live or as a base camp to conduct international-oriented business.
Georgia offers extraordinary advantages for business diversification. Why Is Georgia So Attractive?:
The ease of setting up a business is one of the advantages of Georgia’s dynamic and liberal economy. Company formation in Georgia Country is one of the World’s easiest corporate registration. The setting up of a company in Georgia takes two business days. Its accountancy system is so simple and smooth.
Georgia offers many tax benefits for IT companies to make huge money savings. There are two special tax regimes applicable to IT companies:
Georgia boosts its attractiveness to software companies exporting IT services. Web and mobile applications, games, Saas, the VIRTUAL ZONE will interest all software development and IT service providers focused on international sales.
0% Corporate Income Tax (instead of 15%) – 0% VAT (instead of 18%) – And only a 5% dividends tax.
Moving a part of their IT business to Georgia makes sense for these international-oriented companies.
This new business status, complementary to the Virtual Zone, applies to a long list of IT services. International company status gives huge tax breaks.
5% Corporate Income Tax (instead of 15%) – 0% Dividend Tax (instead of 5%) – And only 5% wage tax (instead of 20%).
The International Company Status helps IT service providers diversify their options and gives huge tax benefits.
Are you self-employed and working in a field related to digital? Can you perform your business from a computer and an Internet connection? Georgia Country may be of great interest to you
This status is great for:
For Individual Entrepreneurs, digital nomads, and Borderless Workers who plan to run a business from Georgia, the Small Business Status offers almost a tax-free regime.
1% tax up to $185,000 turnover.
Ice on the Cake, it’s easy to set up. Moreover, Individual Entrepreneurs don’t have to live in Georgia to enjoy this status! Doing Business in Georgia Country becomes fun thanks to this incredible status.
Georgia Country has one of the most advanced banking systems in the World. Many banks are at your disposal. They offer many good services and products that suit your needs for your bank account. The efficient banking solutions in Georgia are particularly appreciated by individuals looking for alternative and secure bank accounts.
Ice on the cake: a Georgia bank account is confidential. And you can open your bank account without your physical presence in Georgia.
Obtaining a Tax residency In Georgia Country helps you, as an individual, to reduce your tax burden radically. Georgia is one of the best places to achieve this goal. Suppose you spend more than 183 days in Georgia within 12 months. In that case, you become a Georgian Tax Resident. You can enjoy the lowest tax rates in Georgia, as low as 1%.
The High Net Worth Individual program (HNW) is designed for you. This program bypasses the 183-day physical presence rule. The HNW is an opportunity to claim tax Residency In Georgia without living in Georgia.
Airbnb incomes, dividends, royalties, traders or crypto traders income, and influencers…your foreign incomes would be tax-free thanks to the Georgian Territorial Taxation Regime, unique in Europe.
Buying real estate in Georgia opens the doors to becoming a legal resident in Georgia. Suppose you’re the owner of immovable real estate property whose market price is above USD 100 000; you get a 1-year temporary Residency Permit. Or make a real estate investment of more than USD 300 000, and you will obtain a permanent Residency permit.
The real estate sector is one of the most flourishing in Georgia. Reasonable prices, high occupancy rates, and a flexible legal framework create a good business environment for the real estate sector. Ice on the cake, Georgia is one of the fastest-growing touristic destinations in the World.
Georgia and Tbilisi are among the World’s top 10 most inexpensive cities.
Tbilisi, the capital city, is a European lifestyle and modern town. The Georgians are famous for their sense of hospitality. The gastronomy is outstanding, and the Georgian wines are world-class. With A pleasant way of life, low-cost living, and a lovely Mediterranean climate, living and working in Tbilisi is sweet.
Georgia is a headache-free country. Thanks to the Georgian Free Visa Regime, Citizens from about a hundred countries can live, work and start a business in Georgia without any restrictions. Moving your business in Georgia Country, you will understand how this country has one of the most progressive immigration policies in the World.
Suppose you’re not working 100% remotely. Or you already have your business established in your residence country. In that case, move your business to Georgia partially and manage only some clients or services from Georgia. By transferring all or part of your business to Georgia, you will discover all the benefits of doing business in Georgia.
A smart idea! Warren Buffet says, « It is not the most significant companies that run over the smallest, but the most agile ones that overtake the slowest. ».
Happy Georgia is a multi-disciplinary and experienced business law firm. We advise and assist investors, companies, and individuals who plan to settle down and develop their businesses in Georgia Country.
Happy Georgia offers a wide range of comprehensive services. In business law, tax advice, business optimization, and management to ensure your entrepreneurial project’s success.
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