Are you a freelancer, consultant, developer or digital entrepreneur looking to structure your business internationally and efficiently? A Georgian sole proprietorship with Small Business Status could be an attractive option.
If the legal requirements are met, eligible income is taxed at 1%. The relevant annual turnover threshold is GEL 500,000 per calendar year.
Benefits at a glance:
- 1% tax on eligible income
- Annual turnover threshold of up to GEL 500,000
- Relatively simple bookkeeping
- Online submission of monthly tax returns
- Official Georgian tax and business registration
- Suitable for many freelancers and digital service providers
- Business registration generally possible without travelling to Georgia
- Personal support with registration and applications
Who is this option suitable for?
This option may be particularly relevant to freelancers, IT specialists, developers, consultants, coaches, designers and other location-independent entrepreneurs.
Whether Small Business Status and the 1% tax rate actually apply depends on your activity, the income you earn and your personal tax residency. Certain activities and types of income may be excluded or taxed differently.
Have your eligibility assessed individually before registering.
TBC
BOG
SOLO
