Are you a freelancer, consultant, or IT expert with minimal liability risks? Are you planning to move to Georgia or currently without a fixed residence (e.g., as a digital nomad or perpetual traveler)?
Then the Georgian sole proprietorship with Small Business Status is the perfect choice for you!
With just 1% income tax on your turnover (up to 500,000 GEL per year), this model is one of the most attractive worldwide – legal, transparent, and efficient.
The advantages at a glance:
- Only 1% income tax up to an annual turnover of 500,000 GEL (~170,000 USD)
- If the turnover limit is exceeded for two consecutive years: Switch to the regular tax system (3% – 20%)
- VAT liability only from 100,000 GEL – with application of the reverse charge procedure
- Simple accounting: income journal instead of complex balance sheets
- Monthly online tax returns directly via the Georgian tax portal
- Suitable for almost all industries
- Invoices with official tax number – internationally recognized, also tax deductible in Germany
- No obligation to maintain double-entry bookkeeping or balance sheets
- Perfect for location-independent entrepreneurs, consultants, coaches, web designers, developers and much more.
TBC
BOG
SOLO
