Georgia has the individual entrepreneur scheme which is very interesting for startups. This is handy before you start venturing out in more expensive offshore structures.
Up to 166K euros, the individual entrepreneur will get taxed 1% on turnover, plus there is the 4% obligatory amount you have to set aside for an individual pension account. Above 166K euros, the tax goes to 3%. You will not have limited liability though. If you want that you should have an LLC/LLP outside Georgia and bill your services to that entity.
You will get tax residency in Georgia even if you do not decide to reside there.
However, if you stay the 6 months you will have protection from the many double tax treaties if other countries start claiming your residence. If you stay less than you will need to show proof to other countries that your domicile is in Georgia. Proof via rent, insurance and other stuff to show that your centre of life is in Georgia.
I think this setup is great, better than a Romania Micro company which has 3% tax and has the EU vat scheme compliance burden.
Why go the complicated and difficult route with the Croatia DN visa when you have Giorgia here that gives lots of visitors a 365 tourist visa.
Up to 166K euros, the individual entrepreneur will get taxed 1% on turnover, plus there is the 4% obligatory amount you have to set aside for an individual pension account. Above 166K euros, the tax goes to 3%. You will not have limited liability though. If you want that you should have an LLC/LLP outside Georgia and bill your services to that entity.
You will get tax residency in Georgia even if you do not decide to reside there.
However, if you stay the 6 months you will have protection from the many double tax treaties if other countries start claiming your residence. If you stay less than you will need to show proof to other countries that your domicile is in Georgia. Proof via rent, insurance and other stuff to show that your centre of life is in Georgia.
I think this setup is great, better than a Romania Micro company which has 3% tax and has the EU vat scheme compliance burden.
Why go the complicated and difficult route with the Croatia DN visa when you have Giorgia here that gives lots of visitors a 365 tourist visa.