5% corporate tax, 0% dividends tax, and only 5% tax withholding on employee salaries. It might be time to move your IT company to Georgia (country).
On October 8th, 2020, the
If you'd like to pay significantly less tax, here is one good solution: Move your business and/or personal tax residency to a country with lower tax rates. Move Taxes to
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 that purchases services from abroad, then you need to declare and pay Reverse Charge VAT (18%) in your monthly declarations to the RS. You
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 even owe back taxes
Due to 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.
The High Net Worth Georgian Tax Residency program is a unique opportunity for those with an income over 200,000 GEL (approx. 80,000 USD) or personal assets in excess of 3
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