Georgia is a non-EU country in the South Caucasus on the Black Sea, with a population of roughly 3.7–4.0 million and the Georgian Lari (GEL) as currency. Foreigners may own 100% of a company, making it a practical base for internationally active entrepreneurs.
Georgia offers a business-friendly, distribution-based corporation tax model. The standard rate is 15%, triggered upon profit distribution but reinvested profits remain tax-free until distribution. Under special regimes, the effective tax burden can be reduced to 5% or even 0%. Dividend withholding tax is 5% as standard, with possible exemptions.
A Georgian LLC is suitable for trading, holding, consulting, IT, and service businesses. For individuals who move tax residence to Georgia, foreign income may be tax-advantaged depending on residency and income type. Georgia has a broad network of double tax treaties, including with Germany, Austria, and Switzerland.
The legal system is civil law. Company registration is efficient, typically completed within 1–2 working days. A local managing director is generally not required. Banking services enable domestic and international transactions; remote account opening may be possible.
Georgia's appeal lies in its low administrative burden, moderate costs, distribution-based taxation, and strategic position between Europe and Asia. Particularly interesting for consultants, IT entrepreneurs, traders, and internationally mobile business people.
Contact us to discuss your company formation in Georgia, tax structuring options and a potential change of residence.
