Practical notes on tax, registration and law in Georgia — short and to the point.
The monthly, quarterly and annual duties of a Georgian company. Frequency, the consequences of late filing, and how to stop missing deadlines.
Visa-free stay and a residence permit are different things. The business-based permit types, the requirements, the procedure and the route to permanent status.
Opening an account is the least predictable stage after registration. The documents, the bank's review, and what to do if you are refused.
What an employer in Georgia needs to know: income tax, pension contributions, contract requirements, leave and the rules on termination.
Georgian companies keep their books under IFRS for SMEs. How the standard differs from full IFRS, which statements are required and where they are filed.
VZP status exempts an IT company's profit from tax on exported services. The conditions, the rates, how to obtain it and what has to be evidenced.
A freelancer in Georgia can pay 0%, 1% or 20% depending on status and turnover. A comparison of the regimes and who each one suits.
An LLC in Georgia is registered at the Public Service Hall in a single day. Entity types, documents, fees, and what to do right after registration.
Foreign employees in Georgia need a work permit (PTD). Here is who needs one, the categories and the state fees.
VAT registration is mandatory once turnover passes 100,000 GEL over 12 months. Rates, input VAT recovery, filing deadlines and the usual mistakes.
An individual entrepreneur in Georgia can obtain small business status and pay just 1% of turnover. The conditions, the threshold, a comparison with an LLC and the limits.
An LLC in Georgia pays 15% corporate tax — but only when it distributes profit. Reinvested profit is untaxed. Here is how the model works.