If you'd like to pay significantly less tax, here is one good solution: Move your business and/or tax residency to a country with lower tax rates.
This article outlines why Georgia
The question of Tax Residency vs. Legal Residency in Georgia (country) seems to cause a lot of confusion. In this brief article I hope to finally clarify this topic.
Simply put,
If you operate a Georgian business which buys products and services from abroad then you need to declare and pay Reverse Charge VAT (18%) in your monthly declarations to the
Do you manage your foreign business remotely from Georgia? If you didn't register that business with the Georgian authorities, you may be breaking the law and owe back taxes and
With COVID a lot of foreigners are stuck in limbo in Georgia. They don't want to leave, but their visa waiver (365 day stamp) is getting close to expiring. If
The High Net Worth Georgian Tax Residency program is a unique opportunity for those with an income over 200,000 GEL (~$65,000 USD) or personal assets in excess of 3 Million
Tax residency in Georgia is automatic after 183 days in any rolling 12 month period - this is a legal fact, not a choice, no matter which country you come
Where do you declare your taxes if you never spend long enough in any country to be considered a tax resident?
The precise answer can be complicated and depends on a
Georgia (Country) is now encouraging remote workers stuck in countries with oppressive corona regulations, or foreigners traveling in countries where their visas may already have expired, to come to Georgia.
For
If you are planning to move to Georgia, or are already here and hoping to switch from tourist visa to resident permit, Georgia offers several types of temporary residency permits;