Tax Residency & Tax Identification
We offer personal tax residency obtaining services for high net worth individuals. If you own assets worth of at least 3 million GEL (equaling roughly 750,000 EUR) or can confirm annual income of at least 200,000 GEL for the last three years, you can apply for Georgian Tax Residency without spending in the country 183 days in calendar year.
Tax residency will allow individual to avoid double taxation with 56 countries and enjoy simplified minimal personal tax standards offered by Georgia. This would include (not limited to ) the following:
🔰 Personal income tax from Georgian source of income – flat 20% tax
🔰 Personal income tax from Foreign source of income – No tax
🔰 Personal property tax – 0.2%/0.8% from owned assets (only in case if the Georgian sourced income is more than 40 000 GEL)
🔰 Pension tax – 2% (only for holders of both – Georgian resident permit and tax residents)
🔰 No wealth or any other taxes apply
Georgia is not part of Common Reporting Standards (CRS), so there is no financial account information exchange with other jurisdictions – members of the system.
Any foreigner involved in business in/through Georgia can register as the tax payer in Georgia and get tax identification number from the Revenue Service of Georgia. We can accomplish this business for you within 2-3 days.