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.
THE SERVICE INCLUDES
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
Please fill the form below to start the process with us.
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