Georgia
07/28/2021
01/02/2024
Georgia is well known as a country where you can stay 360 days without a visa and work locally without special permission, but Special visa, Remotely from Georgia has been added
This allows you to stay as a remote worker for 180 to 360 days.
Georgia's income tax is 20%, but an annual income of 500,000 GEL (about $ 160000) is only taxed at 1%.（Application required）
You don't have to sign an accountant, just log in to a dedicated website and pay taxes on your previous month's income (no expense deductions) with your card.
Moreover, even if it exceeds 500,000 GEL, a low income tax of 3% will be applied.
The burden of social security, which is a blind spot in other countries, is 4% for residents (0% for non-residents), so considerable savings are possible.
Micro business status
No tax payment if annual sales in Georgia are less than 30,000 GEL (about $ 9615)
Micro businesses must declare and pay tax by the 31st of March in the year following the reporting year
Small business status
1% tax on total sales is required for annual sales in Georgia from 30,000 to less than 500,000 GEL
If you exceed 500,000 GEL, the tax rate will be 3%
There is no deduction, so it's a good system for jobs that are serviced on a PC
Small business income must be declared and paid by the 15th of each month
※If gross revenue (turnover) exceeds 500,000 GEL in 2 consecutive years, the small business status will be revoked
Notes
Georgia is taxed on the territory and income earned from abroad is tax exempt
A good percentage of people think that this is tax exempt if they work abroad remotely from Georgia.
For example, using a laptop to write a blog
But this is wrong
It is also a big factor that wrong information is introduced on many websites.
If you were working in Georgia, you will be taxed as it will be a Georgia source.
About application
Georgia automatically becomes a tax resident after 183 days of stay
This tax resident has a different meaning than the place of residence where you actually live.
If you want to know the difference, do a google search or contact me
The above tax rates will be applied from the month following the approval of the application, so it is recommended to apply as soon as possible.
Please note that status is not given automatically
If you do not apply, the tax rate will be as high as 20%.
Please read here for details
Application for temporary stay
- Submit your application online
- The minimum monthly income for the last 12 months must be $ 2,000, but some have been approved with a savings certificate of about $ 20,000.
- Requires a minimum of 6 months of health / travel insurance
- If you have a family member or partner, you can cover all of them with one application
There is a reply within 10 days, and even if it is approved, it is not necessary to enter the country immediately
Also, although the stay is at least 180 days, it is OK to leave the country on the way.
Cost
You can apply for free
Immigration requirements
- If you have a vaccination certificate, you can enter the country unconditionally.
- If you have not been vaccinated, you must have a negative PCR test certificate within 72 hours of entering Georgia.
- Have a PCR test at your own expense on the 3rd day after entering Georgia
Local insurance company
- GPI
Basic insurance is GEL10 (about $ 3) per month - IMEDI
Basic insurance is GEL12 (about $ 4) per month - UNISON
Basic insurance is GEL35 per month (about $ 11.22) - Ardi
I think the basic insurance is GEL33 (about $ 10.5) per month, but I can't proceed due to SMS problems. - EUROINS
There seems to be insurance, but I can't find the price list - ALPHA
I can't find the part of my personal health insurance
General comment
Low income tax is pretty attractive
Even if you establish a corporation, 20% income tax will not be levied until you pay dividends, so it is a high point that it is virtually tax exempt if you make internal reserves or reinvest.
Even if you can manage to some extent in English, you have to learn Georgian and you can not earn unless you establish a business model that deals with third countries
I think the negative point is that there are frequent water outages and power outages.
