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IE registration in Georgia

The main advantage of Georgia is the ability to reduce the tax burden – if your annual turnover is less than 30,000 lari (9,000 dollars) per year, the rate will be 0%. But small business owners must file income and expense declarations monthly.

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Preferential form of taxation

IE with small status. For turnover up to 500.000 GEL/calendar year (about 160.000 USD) 1% of turnover is paid.
If you exceeded GEL 500.000 turnover for 2 consecutive calendar years, from January 1 of the third year the small business status is revoked and 20% tax is paid on net profit.

Support of IE registration includes:

Free consultation on the procedure of registration, tax burden, reporting and subsequent obtaining of residence permit in Georgia
Preparation of all documents
Registration in the Registry
Registration in the Tax Office
Registration of Small Business status (for 1% tax rate)
Accompaniment to one banking institution to open a multi-currency card account in the bank
Support of IE registration includes:


If you have already arrived in Georgia, then all stages (from registration at the House of Justice to the issuance of a multicurrency bank card) may be completed in person in no more than 3 working days."

Why is it necessary to register as an individual entrepreneur if you are a freelancer in Georgia? 

The 1% tax rate is not retroactive. If you have been working as a freelancer for 183 days in Georgia and receive income, but have not registered as an individual entrepreneur, your mandatory tax will be 20% instead of 1%. Before the automatic assignment of tax residency and the accrual of 20% taxes, the best and, in principle the only, correct option for those who move to Georgia is to open a small business. If you have no plans to live in Georgia and you are not threatened with tax residency, by registering as an individual entrepreneur, you can save significantly on taxes in your country of residence by taking advantage of the double taxation avoidance agreement.

The Georgian government is interested in attracting foreign investment. As such, foreigners are taxed at the same low rate as citizens of the country, and the registration process has been simplified as much as possible."

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Learn more about our financial, legal, and business registration services from a Jara Accounting employee. Fill the form to apply.


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