Individual Entrepreneur Registration with 1% Tax Rate
Welcome to Happy Georgia’s Individual Entrepreneur Registration Service. We have carefully curated this service to facilitate freelancers, solopreneurs, startups, small business owners, digital nomads, expats, digital marketers, and crypto enthusiasts to establish their business in Georgia seamlessly. Experience the luxury of an ultra-fast registration service that can have your business registered in just two days.
What Do We Offer?
Happy Georgia’s Individual Entrepreneur Registration Service is a comprehensive solution for sole entrepreneurs, offering numerous benefits:
Fast-track Registration
We manage all the bureaucratic processes for you, ensuring your business is registered and ready to operate in just two days. This quick service allows you to focus on what matters most – growing your business.
Georgian Legal Address
Every business registered in Georgia needs a legal address. We provide a legal address for your registration. If you don’t have an address in Georgia, we can offer a virtual address service for an additional annual fee of 95€.
100% Foreign Ownership
We extend our services to international entrepreneurs, allowing you to retain 100% ownership of your business without any need for a Georgian partner. We believe in your vision and strive to make it a reality.
No Minimum Capital
You can start your business without the pressure of large initial investment requirements. There is no minimum capital required for registration, making it easier for businesses of all sizes to get started.
Zero Maintenance or Renewal Fees
We pride ourselves on transparent and fair pricing. Once you’ve paid for your registration, there are no hidden costs or yearly renewal fees. This transparency allows you to plan your budget accurately and confidently.
100% Remote Registration and Bank Account Opening
Our services are accessible to non-residents of Georgia, enabling you to complete your Individual Entrepreneur Registration and bank account opening from wherever you are. There’s no need to travel; we handle everything on your behalf. Everything can be done online and remotely.
Bank Account Setup
As part of our complete package, we assist you in setting up a Georgian bank account. This service will make the management of your business finances smooth and hassle-free.
Unbeatable Tax Benefits
As an Individual Entrepreneur with Small Business Status, your venture will reap tremendous tax benefits:
1% Income Tax
You will enjoy a 1% tax on your gross turnover up to $200,000. For turnovers exceeding this, a 3% tax rate applies, allowing you to retain a substantial portion of your earnings.
VAT Exemptions
The Georgian government incentivizes international business relationships by exempting most services provided to foreign clients from VAT. This exemption further reduces your business expenses.
Who Is This For?
The Individual Entrepreneur Registration Service offered by Happy Georgia is tailored for a wide range of solo entrepreneurs. Our service can be beneficial for those who aim to establish a foothold in the Georgian market while reaping significant tax advantages.
Here are some categories of entrepreneurs who can greatly benefit from our service:
Digital Entrepreneurs: From e-commerce store owners to app developers, digital entrepreneurs across various fields can leverage the benefits of the Georgian entrepreneurial ecosystem.
IT Freelancers: Programmers, web developers, software engineers, and IT consultants looking to freelance under their own name can take advantage of the low tax rates and simple business setup process.
Online Teachers and Personal Coaches: If you’re offering online courses, tutoring, or personal coaching, the Individual Entrepreneur status can significantly enhance your business.
Content Creators: Bloggers, vloggers, podcasters, and influencers can harness the advantages of Georgian business setup to reach a wider audience and increase profitability.
Online Service Providers: Those who provide specialized online services across industries such as marketing, customer services, virtual assistance, accounting and bookkeeping, data analysis, and more can register their business effortlessly and enjoy the associated tax benefits. This includes, but is not limited to, virtual assistants, project managers, remote customer service providers, and online research analysts.
Digital Marketers: SEO specialists, digital advertising professionals, and social media managers can use this platform to expand their client base while benefiting from the favorable business environment.
Whether you reside in Georgia or abroad, you can utilize this status to invoice your clients from Georgia, paying only 1% tax on turnover up to $200,000.
Keeping Track of Your Taxes
For Individual Entrepreneurs registered in Georgia, tax declarations are mandatory and should be submitted online to the Revenue Service (R.S.) between the 1st and 15th of each month. Our accounting services will assist you with these tax declarations, which are made in Georgian, eliminating language barriers and ensuring a seamless process.
Why Choose Us?
Happy Georgia’s Individual Entrepreneur Registration Service is designed to make your business registration process in Georgia as straightforward and stress-free as possible. With us, you will have peace of mind knowing that we are handling all the complexities of the Georgian law, navigating potential translation problems, and ensuring a smooth, seamless registration process.
Take the first step towards leveraging the substantial tax advantages of Georgia’s Individual Entrepreneur status. Contact us today and learn more about how we can assist with your business registration in Georgia.
Individual Entrepreneur
- Designed for Individual Entrepreneurs.
- Ultra-fast registration in 2 days.
- Allows you to open a bank account.
- 100% foreign ownership
- no minimum capital required
- no maintenance or renewal fees
- No need to travel (additional fees).
- 1% tax up to $200,000 turnover.
- 3% tax for turnover exceeding $200,000
- No VAT on B to B services or online B to C services
350€
Remote: +150€
Legal address: +95€/year
FAQs About Individual Entrepreneur Status
An Individual Entrepreneur is a business structure in Georgia designed for solo operators. It’s ideal for freelancers, digital entrepreneurs, and others who run their businesses independently. IE allows 100% foreign ownership and has significant tax advantages.
Some key benefits include ultra-fast registration (often in 2 days), the ability to open a bank account, 100% foreign ownership, no minimum capital requirement, no maintenance or renewal fees, and an attractive tax structure with rates as low as 1%.
Any individual who runs a business by themselves can apply for IE status, whether they are a resident or non-resident of Georgia. You don’t have to be a citizen or permanent resident to enjoy this business status.
The Small Business Status is a special tax scheme designed for Individual Entrepreneurs in Georgia. It allows qualified IEs to pay only 1% tax on turnover up to a maximum annual turnover of 500,000 GEL (approximately $200,000).
To qualify for the SBS, your business turnover should be less than 500,000 GEL (approx. $200,000) annually, you should be the sole operator of the business, and your activities should not be on the list of prohibited businesses.
If you qualify for SBS, you will enjoy a 1% tax rate on gross turnover up to 500,000 GEL (approximately $200,000) per year. If your turnover exceeds this threshold, a 3% tax rate applies to the income above this amount.
Happy Georgia offers a complete IE registration service to guide you through the process professionally and quickly. We handle all the intricacies of Georgian law, so you can focus on running your business.
No, you don’t have to travel to Georgia to register. We offer remote registration services for an additional fee.
As an Individual Entrepreneur, you pay no VAT on most foreign services if your clients/customers are based outside Georgia. Some exceptions may apply, so it’s always best to consult with our tax advisors. There is no VAT for B to B transactions and no VAT for online B to C services.
An individual entrepreneur shall not be granted the status of a small business if he/she carries out activities prohibited for a small business. Such activities are:
- Activities that require licensing or permit, except for the activities related to Permits for M1 category of private taxis moving about the capital of Georgia;
- Activities, the implementation of which requires a significant investment (production of excisable goods);
- Carrying out foreign exchange transactions;
- Medical, architectural, legal or notarial, auditing, consulting (including tax consultants) activities;
- Gambling business;
- Staffing;
- Production of excisable goods
If your turnover exceeds 500,000 GEL for two consecutive years, the Revenue Service will cancel your Small Business Status as of the following fiscal year. At this point, you may consider registering as a Limited Liability Company or another commercial/business structure.
Ready to Embark on Your Entrepreneurial Journey in Georgia?
Our team of experts is ready to guide you through each step. Take the leap towards your entrepreneurial success in Georgia today. Contact us today.