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Entrepreneur business registration in Georgia for foreigners

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Details

There are many reasons for wanting to do business in Georgia, and being an Individual Entrepreneur offers additional advantages, such as the 1% tax on an income falling between GEL 30,000 and GEL 500,000 (approximately EUR 125,000). The 1% tax rate is not, however, granted automatically.

The Entrepreneur must apply for SMALL BUSINESS STATUS to receive the benefit. If your turnover is less than GEL 30,000 (approximately EUR 7500), then you qualify for Micro Business Status and your tax rate is 0%.

Key Criteria for being an Individual Entrepreneur in Tbilisi, Georgia: You must spend at least 183 days in Georgia (or be a High Net Worth Individual), and hence a tax resident of the country your company’s annual turnover must not exceed GEL 500,000.
You must be the sole owner of a business in Georgia or another country.
Your business activity must not fall within the list of prohibited activities for Individual Entrepreneurs.

Included in this service

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Company registration (personal visit or remotely)

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Assistance in collecting necessary documents

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Assistance in obtaining Small Business Status

Pricing Breakdown

Price breakdown for all categories of services.

Full Service

$450 - $500

Consultation

Free - $50

Frequently Asked Questions

Users ask this questions about this service.

  • Individuals from more than 90 countries who will spend at least 183 days living in Georgia. Individuals whose annual turnover does not exceed GEL 500,000 in two consecutive years

  • Marketing services. Cryptocurrency trading. Online trading. Intermediary services. Any other services that are not specified in prohibited activities

  • An individual entrepreneur can be registered and receive status in a day. Small business status and the 1% tax rate, however, are only valid from the first day of the next month.

  • You need to plan to be here for a minimum of 3, an average of 4, and a maximum of 5 days. But a visit is not required. We can open both a company and a bank account within a week with just a Power of Attorney.

Rati

Rati A.

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