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Summary Of Services

1. Business Registration / Incorporation

2. Individual Entrepreneur (Sole Trader / Freelancer) Registration

3. Virtual Zone Company (IT Companies, 5% Tax)

4. Corporate / Business Bank Account Opening

5. Virtual Address

6. High Net Worth (Tax Residency) Applications

7. Other Legal Services & Custom Structures / Premium Consultations

8. Accountancy

9. Residency Applications

10. Real Estate Law / Purchase / Conveyancing

Note: where services can be offered remotely, the surcharge on listed prices is typically up to 50% due to the additional work required. 

Prices Exclude VAT (18%) - But VAT is NOT always due. Ask when confirming the service.

Legal Services

All services payable in Georgian Lari (GEL).

Open Your Business (LLC) In Georgia

Get a flat tax rate of 20% on dividends & salaries by opening your company in Georgia.

Our complete business (LLC) registration service will get you set up quickly and professionally. Avoid translation problems, we'll help you easily navigate the pitfalls of Georgian law to complete your business registration without potential legal headaches in the future.

We include a customized, dual language charter (articles of association) to suit your needs, which is required to register with Georgian authorities. Read more about Georgian LLCs here.

FAQs

How much capital do I need?

For most business types, there's no minimum capital requirement in Georgia.

How long does it take to register a business?

In most cases, the whole process takes 2-3 business days and involves a visit to our offices, followed by a visit to the Public Service Hall and the Revenue Service, where you're accompanied by our specialist.

Do I have to renew the registration annually?

No. Business registration in Georgia is indefinite and there are no annual renewal fees or procedures.

What documents do I need to register?

business name, phone number, email address and your original passports for all company directors (or power of attorney and notarized passport copies).
You will also need a legal address that is property you own, or a representative with a legal address. (You can use our virtual address service below if you don't own property).

Everything else you need, including custom charters, is arranged by us on your behalf, including your revenue service registration.

Are there any hidden fees?

No. Our fee includes everything to get you started, assuming you have a permanent legal address in Georgia to register the business at. If not, check out our virtual address service below.

Note: Remote applications rather than those made in person can incur higher fees, normally about 50%. You will also require a power of attorney and apostille passport copy, at own expense. Physical copies of these must be sent to us.

Become An Individual Entrepreneur In Georgia

If you intend on running a company where you are the sole proprietor, the individual entrepreneur with small business status in Georgia affords incredible tax benefits. Pay 1% tax on turnover up to a max annual turnover of 500,000 GEL. Monthly turnover declarations are mandatory, but no business expenses to file.#

Our complete service will get you set up quickly and professionally. Avoid translation problems, we'll help you easily navigate the pitfalls of Georgian law to complete your business registration without potential legal headaches in the future.

Read more about individual entrepreneur & small business status in Georgia.

FAQs

What Documents Do I need To Register?

business name, phone number, email address and your passport.
You will also need a legal address that is property you own, or a representative with a legal address. (You can use our virtual address service below if you don't own property).

Everything else you need is arranged by us on your behalf, including your revenue service registration.

How long does it take to register a business?

In most cases, the whole process takes 2-3 business days and involves a visit to our offices, followed by a visit to the Public Service Hall and the Revenue Service, where you're accompanied by our specialist.

Do I have to renew the registration annually?

No. Business registration in Georgia is indefinite and there are no annual renewal fees or procedures.

What tax rate will I pay?

If your annual turnover will be under 30,000 GEL ($10,000 USD) per year the rate is 0% and you file taxes annually.

From 30,000 to 500,000 GEL (~$160,000 USD) it is 1% of turnover, with monthly tax filing (check our accountancy packages below).

Over 500,000 GEL the tax on turnover is 3% for the first year. If your turnover exceeds the 500,000 GEL threshold consecutively for 2 years, you lose your small business status tax rate.

VAT registration is essential if you will make a turnover of over 100,000 GEL. We can help with this. VAT is 18%.

Are there any additional fees?

No. Our fee includes everything to get you started, assuming you have a permanent legal address in Georgia to register the business at. If not, check out our virtual address service below.

Note: Remote applications rather than those made in person can incur higher fees, normally about 50%. You will also require a power of attorney and apostille passport copy, at own expense. Those physical documents must be sent to us by mail.

Virtual Zone Company Registration

IT companies which do not have income derived within Georgia may qualify for the Georgian Virtual Zone. The best way to find out is to book a consultation.

First, open your business in Georgia, then apply for the virtual zone certificate. Achieve a total combined (company & personal) tax leakage of just 5%:

FAQs

What qualifies as an IT company?

According to the Georgian legislation, the company's activities must result in the creation of software products, where the creation process takes place within the territory of Georgia. This includes SaaS (software-as-service) businesses and web development firms, but also any other business models where there's a clear product, and where development work is carried out in Georgia.

It should be clear at the time of application that the majority of your business is software based. This can change after the application is approved but your tax level may differ on new parts of your business that cannot be shown to be software based.

Because the criteria is complex, we work with you to make sure your structure will get approved.

How long does it take to obtain the VZ certificate?

While the government's official timeline is up to 10 business days, in practice VZ applications tend to take anywhere from 30-60 days, depending on how much additional follow-up is deemed necessary.

Do I need VZ registration before I start my business?

No. You can start your business activities from the moment you obtain your LLC registration, and follow up with a VZ registration at a later date. We recommend starting the process 90 days before the end of your financial year at the latest.

Can I operate my VZ company from abroad?

Can you remotely manage the company from abroad? Yes.

But can your business be based abroad? No. For MFA to grant the VZ certificate, you will need to demonstrate that some work is being done within the territory of Georgia.

The approval process is very nuanced. You can read a little more about the VZ here

Do I have to renew the registration annually?

No.

Corporate / Business Bank Account Opening

For foreigners to open a corporate/business bank account in Georgia requires proving certain things about your business. Making mistakes in the initial application can lead to being declined.

Our experience with the quirks of Georgian banking will help you get approved first time.

Note: Remote applications rather than those made in-person can incur higher fees, normally about 50%. You will also require a power of attorney and apostille passport copy, at own expense. It should be noted that remote opening of business accounts has become increasingly tricky and banks often reject the applications. Personal account opening is easier. We will discuss your options before charging for this service.

FAQs

Why Do Bank Account Openings Typically Fail?

If the bank doesn't clearly understand your business model and income sources, they may flag your application as suspicious.
If your business income will arrive mostly in foreign currency, not Georgian (GEL) this is also sometimes considered suspicious. However the overall nuances of the bank's decision are more complicated than this, which is why having a lawyer help you through each individual case really helps.

How long does it take to open an account?

Typically between 2 and 7 days, depending on the back office at the bank and on the complexity of your business structure.

Can you guarantee a successful account opening?

Not 100%. Anyone who tells you they can make a 100% guarantee is exaggerating. But we are extremely knowledgeable about spotting red flags and then removing them before making applications.

What if my application fails?

In the unlikely event that your application fails, we will reassess the application and try again at one of the other major banks in Georgia, at no extra charge.
NOTE: In a situation where we advise your application has a high chance of failure but you choose to proceed anyway, we do not offer the second submission free of charge.

What about personal bank accounts?

These are relatively easy to open in person (depending on your passport country), but if you need help with this process please contact us or ask about it during your consultation.

Annual

Virtual Address - Per Business

₾350 GEL

Annual Fee. Includes:

No Obligation Consultation

Virtual Address - Per Business

Every business from individual to corporation is required by law to have a permanent legal address in Georgia. This address cannot be a property you rent, it must be owned by either yourself, your business or your legal representative.

As your legal representative we can provide this essential service.

The fee is charged annually for each business you want to register with our address.

FAQs

Why can't I use my rental address?

The Georgian government needs a way to keep track of businesses in Georgia. With a temporary address, it would be too easy for people to open a business and then disappear.

How long does it take to get a virtual address?

As soon as you sign the paperwork, you have a legal address. You can then go on to complete business registrations etc.

Do I have to renew the registration annually?

Yes. We'll continue to look after your mail and be your legal address for as long as you continue to pay the annual fee.

I already opened a business, can I switch to your address?

Yes. Please request a consultation and we can assess your current business setup and then in most cases we can approve you and help you change to our address. Depending on the business there might be a small admin fee for us taking over your account, we'll let you know before starting the process.

High Net Worth Individual Tax Residency Program

The High Net Worth Program is a unique option to become a personal tax resident of Georgia without having to meet the standard 183 day physical presence requirement - you might not even have to visit Georgia at all. Being a tax resident in Georgia can help you get a more favorable tax situation and shield you from taxes elsewhere.

The process to qualify can be tricky. Our service takes the stress and confusion out of it to get you the result you want with minimal complications. Not sure if the High Net Worth program is right for you, read our article first.

FAQs

How Do I Qualify? Can this be done remotely? Do I need a Georgian Business?

Yes, you don't ever have to come to Georgia to apply but the process can be a little simpler if you do. You may or may not need a Georgian business, depending on your unique situation.

The basic criteria for qualification:

- A natural person (individual) whose proven property exceeds 3 million GEL

- OR their annual income for the last 3 years exceeds 200,000 GEL.

In addition you must either:

- Have a Georgian legal residence permit OR Georgian resident ID card.

- OR Certify that you receive income of 25,000 GEL or more during the tax year from a source in Georgia.

If you do not have legal residence in Georgia, and don’t intend to get it, we can discuss options for meeting the 25,000 GEL Georgian income requirement instead.

Read more about the criteria for qualification, and other considerations, here.

How Long Does The Application Process Take? When Should I Apply?

This depends entirely on what documents and other important steps need to be organised for your individual case. If you already have all your supporting material ready, then the actual application is possible within 10 working days.

If you need to organise a legal residence permit, business registration, bank account etc. then the preparation time for all these elements must also be factored in. All in all, this could take up to 60 days if we are starting from scratch and everything is done remotely.

For this reason, we suggest starting the process for any given tax year by late October of that tax year. All applications must be completed and authorized by the Revenue Service no later than December 31st of the tax year you wish to qualify for.

The earliest you can begin an application for any given tax year is January, though some documents can be organized in advance.

When Do I Need To Renew My HNWI Status? Can You Renew For Me?

Every tax year. The renewal must be completed before Dec 31st. You must have continued to meet the income requirements, as listed previously, in order to qualify for renewal. Yes, of course we can handle your renewal. The renewal process is typically simpler than the first application and we will provide you a new price estimate based on your requirements.

Are There Any additional Fees?

Any documentation (such as power of attorney and passport apostille) that need to be completed in your home country, are at your own expense.

We keep our fees transparent and we’ll give you a final estimate for your specific case once we have completed your initial consultation.

Any additional service that are not included in our estimate will be at your own expense. This may include, but is not limited to, your legal residence application (if preferred).

The price of annual renewal is not included in the original fee. We'll re-quote you for each renewal.

Other Legal Services

Custom Business Structures

Looking to register a business that is a little bit out of the box? If your business and tax structure has legal question marks, let our experts navigate Georgian tax law to build you a custom structure that will never leave you exposed.

Discover creative solutions to novel tax problems and let us help you find the best tax outcome possible for your business.

Get a free consultation below and we'll analyze your case and get you a custom price.

Legal By The Hour (₾300 GEL)

None of our other services meet your needs? We offer 1 on 1 legal tax and business advice to help you solve your problems or plan for the future.

As a first time customer your first 30 minutes is free, then we charge ₾300 GEL per hour, and we are here as long as you need us. For bigger projects we can quote a price on a per project basis.

Accountancy Services

Your Monthly Accounting, Done.

Our in house team of accountants will handle your monthly and annual tax reporting. We use professional accounting software, approved by the Georgian revenue service, to comply fully with local tax laws.

Send us your monthly invoices and we sort out the rest.

FAQs

How is Your Pricing Calculated?

We include standard monthly declarations and payroll management based on up to 3 employees and an additional 1 hour of accounting to record your invoices into our system. Book a free consultation to help us assess your final monthly price based on your needs.

Are there any additional fees?

Once we have all your information after the consultation, we'll be able to give you a final price including any additional fees. If your needs change over time then we can recalculate your monthly fee.

Our set price listed here is just to give you an approximate cost based on a typical small business.

Other Accountancy Services

Residency Services

Become A Resident Of Georgia

Our in house team will handle your residency application.

Work Permit

Apply on the basis of work or entrepreneurial activity in Georgia (Employment contract, owner of LLC or Individual entrepreneur status)

The company you work for must have at least 50,000 GEL in turnover in the last 12 months per foreigner who wishes to apply.

Residence Permit Based On Property Purchase

Get residency based on ownership of property valued at $100,000 USD or more. Residency for family (Spouse & Dependants) can be included the application.


Will you qualify for these types of residency? Read our residency article to understand the complete requirements.

FAQs

Do I have to be in Georgia to apply?

For first time residency applications you have to be in Georgia and your current permit/visa has to have at least 40 days of validity left before you apply. If you are making a permit renewal, this can be done online from outside Georgia.

Are there any additional fees?

Typically no. Once we have all your information after the free consultation, we'll be able to tell you if there are any additional fees.

Can you organise family reunification residency permits?

Yes. If you are interested in this service, please book the free consultation and we can provide a price based on your exact needs.

Real Estate Services

Conveyancing / Property Purchasing Package

If you've already picked out a property that you're looking to acquire, this package will provide you with everything you need to complete the purchase while making sure the legalities of the transaction are taken care of.

We charge a non-refundable 50% retainer for this service, based on the current sale price of the property you intend to purchase. The additional 50% will be paid prior to final signing of the purchase agreement, once it is agreed by all parties.

FAQs

Do I Need To Be Present In Georgia To Start Or Complete The Purchase?

No. With a power of attorney and apostilled passport we can complete all of the process for you remotely. Funds for the actual purchase would need to be transferred directly to the seller as we cannot act as an intermediary for funds transfer.

Do you offer a property inspection service?

This type of service is actually incredibly uncommon in Georgia and there is no professional body that awards certification to accredit those wishing to offer property inspection services. We can however connect you with an experience architect who will assess any property you are interested in purchasing, at an additional fee.

Are there any additional fees?

Typically not but we can discuss any possible additional costs at your initial consultation.

If you intend to conduct the purchase remotely, either entirely or partly, there may be some additional fees for our increased admin and representation time. Your power of attorney and other documents that will need to be notarized or apostilled in your home country, will be done so at your own expense.

Buy-side Concierge Package (Full Service)

Our concierge service will take you from initial interest through to final purchase and beyond.

In addition to taking care of the conveyancing, our team will assist you in both research, pre-screening, negotiations and even helping you find tenants for your newly acquired house, apartment or commercial space. Avoid getting the “foreigner” price and let our Georgian staff negotiate on your behalf.

NOTE: Contrary to most other buy-side agents, we never accept "kick-backs" from sellers, keeping our interests always aligned with yours.

Property Research

We conduct an extensive search for properties based on your criteria to provide you with options (up to 30, depending on market availability) to consider.

Pre-Screening

We will view your short-listed properties (5 to 10) on your behalf, or accompany you to offer translation and advice. You will receive our basic property assessment, additional photos of each property if the original listing photos were insufficient, and a video tour (live video chat optional) of each property. Helping you eliminate properties that will not be suitable.

Rental Assistance

We will list your property for rent through multiple channels & conducting up to 10 viewings. We will connect you with a rental manager if required.

If you do not intend to rent the property, we can offer a discount off the final price for our services.

Fees Charged:

5% of expected transaction value (adjusted once final sale price is confirmed). Min 5,000 GEL, max 30,000 GEL.
Schedule of fees:

FAQs

Do I Need To Be Present In Georgia To Start Or Complete The Purchase?

No. With a power of attorney and apostilled passport we can complete all of the process for you remotely. Funds for the actual purchase would need to be transferred directly to the seller as we cannot act as an intermediary for funds transfer.

Are there any additional fees?

Typically not but we can discuss any possible additional costs at your initial consultation.

If you intend to conduct the purchase remotely, either entirely or partly, there may be some additional fees for our increased admin and representation time. Your power of attorney and other documents that will need to be notarized or apostilled in your home country, will be done so at your own expense.

Have A Question?

International Standard, Local Pricing

Why ExpatHub?


Opening a business in a new country is confusing. We know because we faced all the same challenges you will, when we first moved here. But we solved those challenges and hired a team of expert, bilingual accountants and lawyers to help your business move to Georgia, easier than ever before.

One-Stop-Shop

Step 1

All Your Tax & Accountancy Needs Solved In One Place

ONLY English-Speaking Staff

Step 2

Native English Speaking, Or Fluent Bilingual. Your Business Needs Will Never Be Lost In Translation.

No “Tourist Tax”

Step 3

Fair, Transparent Pricing For Foreigners.

International Standards

Step 4

We Bring An International Level Of Service, Logic, Resourcefulness, Confidentiality & Data Protection To Georgian Tax Law. 

Honest, Fact Checked Advice

Step 5

We Provide Creative, Tailored Solutions Which Will Never Leave You Exposed.

REACH OUT

Contact


Get in touch to discuss all your tax and accountancy needs in Georgia, whether you are based here, or abroad.

Location

Please book an appointment before visiting us, by emailing or calling us, or booking a free consultation

Vake, Tbilisi

Step 1

9 Dariali Turn, Vake, Tbilisi 0179

T: +995 511 13 99 29

E: info@expathub.ge

Mon - Thur: 10:00 - 17:00

Book Your Free Consult

Your First 30 Minutes Are Free (Via Zoom, Or In-Person). Get Your Half-Hour Of Unabridged Legal Advice, NOT Half-Answers And Upsells.