Georgia – Tax (Free) Residency

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We all want to (legally, of course) finds ways to pay less in taxes each year. For many of us, that means establishing our homes and/or businesses in low-tax countries. The good news is that most countries with low-tax systems are actively trying to attract wealthy individuals and the business expertise that they bring. The money you earn outside of Georgia will be 100 percent yours to keep, so if you can limit the proportion of your total income earned in Georgia you will definitely pay less in taxes, and possibly nearly eliminate your tax obligations entirely. While it’s definitely not a tax-free country in the same vein as Panama, the British Virgin Islands or the Cayman Islands, it is what we define as a low-tax country. It has one of the world’s simplest and most liberal tax regimes, and the authorities have made it fairly easy to establish tax residency.

GEORGIAN RESIDENCY SERVICE PACKAGE

THE SERVICE INCLUDES

  1. Georgian ID card
  2. Assistance preparing the required set of application documents
  3. 12 months attested lease agreement and preparing the required set of application documents
  4. Opening of a personal bank account

HOW TO PROCEED

  • Fill and send the order form on www.novasigma.com or schedule a meeting with the Novasigma representative
  • Schedule time and date for visit in Georgia to lodge application personally, to be photographed and for opening a personal bank account with Novasigma
  • The ID card is issued and ready to pick up by applicant within 7 working days after your first visit

PRICE – 1.490 EUR (VAT 0%)

ADDITIONAL SERVICES AVAILABLE UPON REQUEST

  • Tax advisory before starting a process +180€/h
  • Employment contract with Novasigma business partner and salary arrangements +900€/y
    • Renewal of the employment contract and salary arrangements after first year +600€/y
  • Rental agreement provided by Novasigma +1200€ year
    • Renewal of the attested lease agreement from the second year + 1200€/year
  • Additional legal services in Georgia + 250€/h

REQUIREMENTS FOR GEORGIAN RESIDENCY

Proof of identity – Valid Passport or national ID -card

Proof of accommodation – deed or lease agreement; The company will prepare an agreement for the landlord, can introduce few real-estate companies and will also get a notary to attest the agreement. The rental agreement can also be prepared and provided by our local law firm. The client is not required to rent or buy a real-estate.

Proof of employment – employment contract with a Georgian entity. The employment contract can also be prepared and provided by partner company. It is also possible to apply residency with a self employment status if applicant is the director and shareholder of a Georgian company.

Proof of sufficient funds – bank reference issued by a Georgian bank stating that you have sufficient funds to support your stay in Georgian without relying on the Georgian social system; It is required to deposit 1200-1500 EUR into client’s Georgian bank account as proof that the person will not rely on Georgian social system. Once the bank issues a reference letter confirming that the funds are present, it is possible to withdraw that money.

Timeline – Process takes up to 2 weeks and requires at least one visit in Tbilisi, Georgia

Apply Georgian Residency with Novasigma

Please fill the form below to start the process with us.

Novasigma provides international accounting services, company formation services, legal, business and tax advisory services | Terms of Use & Terms of Business | © 2016 NOVASIGMA Global - Accounting & Law Cooperative ("NOVASIGMA LIMITED"). Member firms of the NOVASIGMA Global - Accounting & Law network of independent firms are affiliated with NOVASIGMA Global - Accounting & Law. NOVASIGMA Global - Accounting & Law provides no client services. No member firm has any authority to obligate or bind NOVASIGMA Global - Accounting & Law or any other member firm vis-à-vis third parties, nor does NOVASIGMA Global - Accounting & Law have any such authority to obligate or bind any member firm. Independent registered advisers, lawyers and accountants are not owned by, affiliated with or supervised by Novasigma or its affiliates. Novasigma provides custody, trading and operational support services for advisers, lawyers and accountants. Not all products and services available through Novasigma and its affiliates are available through advisers, lawyers or accountants. Registration does not imply a certain level of skill or training. Depending on jurisdiction there might be eligibility requirements to work with a dedicated Financial Consultant, Lawyer or Accountant. Wealth management, accounting, audit and legal services refers to products and services available through the operating subsidiaries of the Novasigma Corporation of which there are important differences including, nut not limited to, the type of advice and assistance provided, fees charged, and the rights and obligations of the parties. It is important to understand the differences when determining which product and/or services to select. Novasigma provides a full range of business, financial, banking and tax advisory, accounting and legal services through its operating subsidiaries.

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