Advantages of opening an IE with small status

Opening an IE with small status in Georgia is advantageous as it allows for reduced tax expenses. If your annual turnover does not exceed 30,000 GEL (9,000 USD), the tax rate is 0%. However, small status business owners are required to submit monthly income and expense declarations.

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Preferential form of taxation

IE with Small Status: With an annual turnover of up to 500,000 GEL (approximately 160,000 USD), the tax rate is 1% of the turnover.

Exceeding Turnover: If your turnover exceeds 500,000 GEL for two consecutive years, from January 1st of the third year, the small business status is revoked, and a 20% tax on net profit is applied.

Steps for IE registration support

Consultation on the registration process, tax burden, reporting, and obtaining a residence permit in Georgia

Preparation of all necessary documents for registration

Official registration in the Registry of Legal Entities

Registration with the tax authorities

Registration of small business status to receive the 1% tax rate

Assistance in opening a multi-currency bank account

Registration Timeline

With your personal presence, all stages, from registration at the House of Justice to issuing a multi-currency bank card, will take no more than 3 business days.

Reasons for IE Registration by Freelancers

Tax Rates: The 1% tax rate is not retroactive. Without registration as an IE, if you stay in Georgia for more than 183 days and receive income, the mandatory tax will be 20% instead of 1%.

Avoiding Double Taxation: Opening a small business allows you to save on taxes in your country of residence due to the double taxation avoidance agreement.

The Georgian government is keen on attracting foreign investments, hence taxes for foreigners are as low as for the citizens, and the registration process is highly simplified.

Cases

Testimonials from our customers

Leo

Novenber 15, 2022

Worked for several years.

Great service. Special thnx to Tamara Selashvili for her great support on even minor issues.

Tatiana Tiurikova

June 20, 2024

I asked for help from a residence permit.

The documents seem to have been prepared quickly, but the communication is simply terrible. I tried to communicate with Tamara, well, how to communicate, write and call several times a day in the hope of an answer. Almost all questions were simply ignored, it was necessary to obtain a bank statement, but no one answered which one specifically, it took several days to agree on the date of submission, because when I proposed a date, Tamara disappeared before this date, and an hour before the proposed time she wrote that she could come . And so 3 times In WhatsApp with a business account and in the mail the situation is no better. The average response time is about a week. There are no questions for the lawyers; it was the communication with the managers that apparently spoiled the impression. I'm surprised that for such serious money you have to run after it so much

Temuraz Akhvlediani

August 23, 2023

I have been working with Jara Accounting for more than a year now

I have been working with Jara Accounting for more than a year now and all I say is that they are super professional and responsible for work that they do. Also wanted to mention that their client service is beyond helpful. Recommend 10/10

Vsevolod Konyukhov

November 21, 2023

Very professional, quick and client-oriented!

Great office, nice coffee and the best manager Tamar! Highly recommend! I've used their services on several occasions and always with a satisfactory result. Business registration, tax services, residence permit (I got it), everything was superb. დიდი მადლობა!

Tamaz Makharadze

October 28, 2023

I have worked closely with Jara accounting within the last 2 years.

Have the best experience with those people, especially with accountant Nata and one of the best manager - Tamar. I give huge recommendation to Jara team, and you can trust them in every field.

Viacheslav Yaremenko

November 19, 2023

We have been working with Jara for almost two years now.

As in any relationship, there may be communication crises over the long term, but all tasks are completed and goals are achieved. I'm happy. The company has expertise in its field, operates with a sufficient flow of clients to have its own statistics and knows the nuances that will make life easier.

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