COUNTRIES – GEORGIA
Through anti-corruption legislation, effective law enforcement and free access to online registries the Georgian economy promotes transparency, reduces bureaucratic burden and has won the UN Public Service Award.
Georgia is the one of the least tax burden countries in the world, with only 6 flat taxes and Corporate Profit Tax of only 15%.
|Form of government:||Unitary semi-presidential republic|
|Official & business languages:||Georgian, English, Russian|
|Currency:||Georgian Lari, US$ (in business)|
|Time zone:||GET (UTC+4)|
|GDP (PPP):||$15.16 billion|
|GDP (PPP)/per capita:||$4.100|
|Other major cities:||Batumi (0.1M)|
|Average salary:||USD 400 (2019)|
|Major trading partners:||Turkey, United States, Russia, Azerbaijan, Armenia, United Kingdom, Bulgaria, Ukraine, Turkmenistan|
COUNTRIES – GEORGIA
News and business opportunities
Offshore Companies and Banking in 2019 Whilst incorporating in Offshore jurisdictions has many potential benefits, with every passing day it is becoming increasingly harder to find banking, and thus – keep your business operational. In the beginning of 2018 you could find a bank agent to open a bank account for your offshore entity within…
SPECIAL OFFER – You can now set up a tax free offshore company in 5 different jurisdictions and open a bank account for your business with reasonable pricing. Company can be registered within 10 business days and as a client of Novasigma you can send your first invoice right after registration has been completed! Call…
As of 1 January 2019, GBC1 companies will be renamed as Global Business Licence (GBL) and will be liable to tax at the rate of 15%. However, GBL will qualify for an exemption of 80% of the specific foreign-source income (e.g. foreign dividend not allowed as deduction in source country, foreign interest income, foreign-source income…
Our client Scan2Move is a world recognized digital inventory list application for mobile devices with the main aim to bring the moving industry into the digital era. It is a well recognized solution by major global moving organizations like IAM and FIDI. The application makes the moving process more secure, smooth and cost-efficient. The solution…
Mash Group Plc (former Euroloan Group Oyj) is a rapidly growing international fintech group headquartered in Helsinki, Finland with offices in Luxembourg, Madrid, Stockholm and Warsaw. It has developed an efficient payment and financing business model and system in the market, and is a leading service provider in key European markets. Mash´s fully automated and…
COUNTRIES – GEORGIA – MOVING TO – TAX RESIDENCY ABOUT GEORGIAN TAX RESIDENCY We all want to find legal ways to reduce our yearly tax burden. 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…
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