Individual Entrepreneurship Georgia, Tbilisi in combination with Small Business Status 1% Tax Rate
BUSINESS TIP: Are you IT developer, designer, translator, actor, singer or tutor (but not only)? Visit Tbilisi for holidays and open Individual Entrepreneurship license with Small Business activation status in 2 working days. If you buisness income within one year will be i.e. 150.000 EUR you will pay only 1.500 EUR tax! And nothing more.
Individual Entrepreneurship price list
| Individual Entrepreneurship | |
| Individual Entrepreneurship with legal address in Tbilisi, Georgia - the client is present in Tbilisi | 756 ₾ / 270 € |
| Individual Entrepreneurship with legal address in Tbilisi, Georgia - remote registration with Power of Attorney and copy of passport (Apostilled or Legalized) - the authority fee is included | 2270 ₾ / 810 € |
What is included:
- First 12 months of legal address with a virtual office service in Tbilisi for free. From the next period the price is 756 GEL for 12 months.
- Registration of the Individual Entrepreneurship person at Revenue Service portal (user ID and password are provided)
- English and Georgian company eletronic corporate certificate,
- All legal and notarial expenses plus fees incl. passport and Power of Attorney legal translation incl. atatched Apostille or Legalization. Note: The client pay the authority fee only.
- Activation of the Individual Entrepreneurship license with oresence of the client in Tbilisi, Georgia or remotely with Power of Attorney.
Small Business Status with 1% tax up to 500000 GEL turnover
In the case your annual turnover does not exceed limit of 500000 GEL (approx. 180.000 EUR), your only income tax to pay will be 1% instead of the usual tax 20%.
In more if your business turnover is not more than 30000 GEL anually , you qualify for Micro Business Status and your income tax rate is 0%. If your turnover will be from 30000 GEL to 500000 GEL, you qualify to apply for Small Business Status and your taxation will be 1% only.
The status is active from a next months after registration at Revenue Service.
Who is eligible for Small Business status
- Individual Entrepreneurs whose annual turnover does not exceed GEL 500,000 in two consecutive year
- Any foreigner. Permanent Residence is not required.
List of business activities that are NOT allowed for Small Business status:
- Activities requiring special licensing
- Production of excise goods
- Financial services and operations
- Advocatory services, Law firm
- Tax and legal consulting
- Medical services
- Architectural services
- Auditory and notary services
- Beauty centers
- Car repair services
- Gambling
- Foreign exchange transactions
Small Business status activation for Individual Entrepreneurship price list
| Small Business status activation for Individual Entrepreneurship | |
| Small Buisness status activation for Individual Entrepreneurship - the client is present in Tbilisi | 280 ₾ / 100 € |
| Small Buisness status activation for Individual Entrepreneurship - remote activation with Power of Attorney and copy of passport (Apostilled or Legalized) - the authority fee is included | 560 ₾ / 200 € |
What is included:
- Personal assitance at Revenue Service incl. translation
- Application and Activation of Small Business staus at Revenue Service
Individual Entrepreneurship in combination with Small Business brings you only 1% tax on your person income. You can call us for more information 7 days a week on (+995) 593 800 550.