Georgia

Who this jurisdiction suits

• 1 % of turnover under small business status, up to GEL 500,000.
• Residence permit accessible through the sole trader route.
• Among the lowest entry and maintenance costs in the catalogue.

What it does not solve

• The status requires registration on site and 183 days for tax residence.
• SEPA transfers to be checked against your sector.

Conditions to meet

Registered office and premises

Documents required

• Valid passport
• Proof of address less than three months old
• Description of the activity and clients
• Lease or landlord attestation for address registration
• Proof of income for the later residence permit application

How it runs

1. Scoping and identity verificationWe check eligibility for small business status: certain activities are excluded.
2. Registering the sole traderRegistration at the House of Justice and obtaining the tax number. Your attendance is required; we accompany you.
3. Small business statusApplying to the tax authority: 1 % of turnover up to GEL 500,000 a year.
4. Bank account and addressOpening the Georgian account, notarised lease and registration of the declared address.
5. Residence permitFiled once the GEL 50,000 income threshold has been met over twelve consecutive months, generally in year two.