How to Get Low Taxes in Georgia
The country of Georgia is a rising star for global investors, digital nomads, and businesses seeking tax relief. Here’s why:
•1% Tax for Individual Entrepreneurs (IEs):
Small business owners and freelancers earning up to 500,000 GEL annually (around $165,000 USD) can qualify for an astonishingly low tax rate of just 1% on gross turnover.
•Zero Tax on Foreign Income:
Thanks to Georgia’s territorial tax system, individuals pay taxes only on income earned within the country, while foreign-sourced income is completely tax-free.
•No Residency Requirement:
You don’t have to be a Georgian resident to benefit from these tax policies, making it the perfect destination for US-based remote workers and global entrepreneurs.
•Corporate Profit Tax Incentives:
Companies pay a 15% profit tax, but only on distributed earnings. Reinvested profits are tax-free, providing businesses with more room to grow.
•Generous VAT Exemptions:
Exported goods and services, IT services, international transport, and other key sectors enjoy significant VAT advantages, reducing your overall tax burden.