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Georgia
Georgia offers one of the world's most business-friendly environments with territorial taxation (foreign-sourced income untaxed), free industrial zones (0% tax), simple tax system, easy company registration, and affordable operating costs.
Company Formation & Tax
- LLC (Limited Liability Company) minimum capital GEL 1 (~€0.30), fast registration (1-2 days online)
- Territorial tax system: Foreign-sourced income 0% tax (must demonstrate income earned outside Georgia)
- Georgian-sourced income taxed at 15% corporate rate (20% for banks, insurance, gambling, other specified activities)
- Small business status (<GEL 500,000 revenue): 1% gross turnover tax (no accounting required, extremely simple)
- Virtual Zone Person status (IT companies): 0% corporate tax, 5% personal income tax (must meet criteria: international clients, software/IT services, no local sales)
- Free industrial zones: 0% tax on all income for qualifying manufacturing/production activities
- Personal income tax 20% flat rate (5% for VZP status)
Residency Programs
- Visa-free access: 90-360 days visa-free for citizens of 90+ countries (including EU, US, UK, Canada, Australia—one of the most liberal visa policies globally)
- Residency by employment: Work permit and residency through company employment (own company or employer)
- Entrepreneur residency: Establish company in Georgia, demonstrate business activity
- Real estate investment: Purchase property (no minimum threshold specified, typically $100,000+ recommended for credibility)
- Freelancer/self-employed residency: For remote workers, freelancers (proof of income required)
- Permanent residency after 5 years, citizenship after 10 years (Georgian language requirement)
Banking & Operations
- Modern banking sector (Bank of Georgia, TBC Bank, others) with online banking, multi-currency accounts
- Compliance improving but still easier than Western European banks
- Affordable operating costs: rent, salaries, services significantly cheaper than Europe/US
- Tbilisi emerging startup hub (government support, accelerators, coworking spaces)
- English increasingly spoken among young professionals, business community
- Infrastructure improving (internet excellent, roads/transport developing)
- Safe, low crime, hospitable culture
Use Cases & Considerations
- Good for: Digital nomads, remote workers, IT companies (VZP status), consultants earning offshore income, manufacturing (free zones), territorial tax planning
- Considerations: Small domestic market (3.7M population), limited treaty network compared to major jurisdictions, banking reputation still developing (not equivalent to Singapore/Switzerland), currency risk (Georgian Lari can be volatile)
- Must demonstrate foreign source of income properly (contracts, clients, evidence outside Georgia)
- Excellent value for entrepreneurs seeking low-tax base with decent quality of life
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Important Notice: Aventarys Group connects clients with licensed third-party professionals. We do not provide legal, tax, accounting, or financial advice. All services are delivered by independent licensed providers. Clients should consult their own legal and tax advisors before making any decisions.
