georgia

  1. atitov

    Georgia 1% and Portugal D7 + NHR

    Hi, I'm Individual entrepreneur in Georgia with small business status (aka 1% income tax). I'm getting paid for software development from Cyprus (probably can be paid soon from UAE, if its matter) Looking for Portugal D7 visa as Digital nomad, trying to figure out if NHR will save me from any...
  2. G

    Living in Georgia but want to operate through non Georgian company - possible?

    Hello, I live in the country of Georgia. They have here great tax benefits for sole trader / individual entrepreneur, but not so much for companies. Also, privacy sucks, and there is no legal protection like an LLC have. Is there some way for me to do all my work through some company ill form...
  3. Don

    Investing in Georgia real estate

    Does anyone have experience in investing in real estate in Georgia? I have been there myself and visited a few hotel-apartment buildings such as: https://nextgroup.ge/wyndham-residence https://eltbuilding.ge/en/ https://alliancegroup.ge/en/project/2/Alliance-Palace/Project-Description/ What are...
  4. H

    Is it still possible to walk in and open an bank account in Georgia (country)

    Hello everyone In early August I am spending 3 days in Georgia before heading to Armenia to get my permanent residency ( I need to spend 2 weeks there to complete the process). In the past I have read it is possible to simply walk into a bank in Georgia with your passport and open an account...
  5. E

    Question Tax structure for SaaS

    I live in Georgia (the country). I’m registered as an individual entrepreneur with small business status, so I pay 1% on my turnover. My main issue is selling SaaS outside Georgia with international credit cards. So my requirements are: Stripe Low incorporation cost (< 1000$) Low tax for non...
  6. G

    Georgia (country) individual enterpenuer 1-3% tax: what are the disadvanteges?

    Hi, Are there any disadvantages in the plan of becoming legal resident in Georgia and forming individual enterpenuer with low tax status in order to lower tax rate for a period of 2 years that might be missed when only reading about it online? i like some areas in Tbilisi and will gladly stay...
  7. S

    Question NHR Portugal and Georgia company

    Hello, I need some help :) I'm in Georgia and I have a Small Status as Individual Entrepreneur: 1% of taxes up to €100k (I'm simplifying). I will probably be employed by a casino multinational company in Lisbon. I would like to continue also with my freelance work. 20/30k income as a...
  8. A

    Dubai substance

    Hello everyone, interested in if this scheme will work properly: To make company in UAE with nominee directors and shareholders, live myself in Georgia and have an office in Russia. So that "management" will be in UAE, workers in Russia, and I will just get dividens from that company with 0%...
  9. A

    Irish LP + Georgia tax residency

    Hello everyone! I'm thinking to establish an Irish LP for online business: customers from EU and US. C2C. That's marketplace. Our commission will be 10-15%, so 85% of turnover we will have to send to our suppliers. The management(me) will be in Georgia, so the company will be controlled from...
  10. K

    Questions about Georgia (country)

    Hello, really considering moving to Georgia for tax purposes but my main questions at the moment are about the life style there. I understand its not Las Vegas or even switzerland but: 1. Are there any modern areas in Tbilisi with good building, neighborhoods, shopping areas,restaurants, gyms...
  11. C

    Question How long does a bank transaction from Georgia to Switzerland take?

    Hi Guys My business partner has started a bank transaction last week (01.06.2021) from TBC Bank to my Bank in Switzerland. The operater of TBC Bank told him that the transaction need ca. 3-5 business days. So the money should landing max. Tu 15.06.2021. My bank told me if the money will...
  12. D

    Opinions about Georgia HNWI for a nomad

    Would you recommend it? Any others' experiences? I'm wondering if it is worth applying given the following scenario: - Not intention to reside in Georgia more than a few weeks per year (tourism). - Not spending more than 183 days in another jurisdiction. - No substance, family, properties, or...
  13. N

    Virtual Zone Company Liqudation in Georgia > Goverment (Revenue Services) are not allowing it due to Virtual zone paid taxes?

    Hello everyone, I have a Georgian (Country) company which I want to get rid of. It was a virtual zone company and we paid taxes of 5%. We had a tax advisor we pay monthly for his services during our operations. I don't want to have loose ends, even if I won't go to Georgia again in my life, I...
  14. khinkali

    Any Experience of Georgia Bills for KYC?

    I am hoping that someone here has experience getting bills with name and address in Tbilisi for foreign crypto exchange and EMI KYC. Some people say that BoG bank statements are better than TBC. Others say that you can get a better statement (with address and transactions) with TBC Status...
  15. Bofferding

    Georgia opinions

    Hi, 
 I'm creating this thread as I wanted to hear opinions about life in general in Georgia. Like living costs, the people, time to integrate in the society, etc.. I know there are few members here who are still living there or have lived there. 
 I am planing to visit Tbilisi around June this...
  16. 1

    Georgia individual enterpeneur as exit strategt for Crypto Trading

    Hi, was living in Thailand for 8 years with Thai Elite Visa in last 3 years. Last 7 months or so I'm in eastern Europe without any official residency due to covid I'm an app developer with stable profiting apps, a web traffic reseller, affiliate and a crypto trader. While being in Thailand...
  17. Q53

    Offshore construction. Estonia, Montenegro, Georgia. Aimed at glocal production for royalty revenue.

    Offshore construction: Estonian OU holding of IP. UBO: 100 my natural person (NP), via E-residency. Montenegro LLC: operational company. Founder: Estonian OU. Will have Various shareholders. Will have subsidiaries or hold equity of llc's the world over. Royalties and licence-fees will be payd...
  18. I

    Correct setup for cryptotrader?

    Hello everybody. I bought some bitcoins in the past and now I want to cash them out. I'm currently living in Spain and I'm considering to move for more than 183 days to another country so I can become a tax resident there. What I don't know is what country should I move to, and what setup...
  19. J

    Georgia EMI license obtaining

    Hello everyone. I am working in financial/crypto licensing mostly in EU. Can anyone comment on the Georgia EMI license obtaining? And can it be used for international clients? A lot of things are heard, like it`s possible to incorporate in any Free Zone and obtain EMI license to service...
  20. khinkali

    Georgia International Company

    Georgia has announced "international company" status for IT and maritime business. https://agenda.ge/en/news/2020/3132 It seems rather like the existing Georgian Virtual Zone status for IT companies. Run a business for 2 years before finding out if it got the tax status? Ignoring the...
Top