Additionally, if you also were to move from Europe or the Unites States, which is not required for the above, anyhow if you were to move to the country of Georgia then this country can offer you a entirely tax free life as all foreign sourced income is tax free. In addition to this you can live here also as an entrepreneur paying 1% tax on Georgian sourced income due to the SBS (Small Business Status) system. This incredible tax system is one of the most favourable in the world. There are actually no tax on foreign sourced income and for LLC’s the tax on dividend is only 5% paid when distributed. Georgia offers a game-changing alternative for American entrepreneurs, freelancers, and businesses.
With personal and corporate tax rates that significantly undercut European or US standards, the country of Georgia provides the ideal environment to grow your wealth. Georgia consistently ranks among the top 10 most business-friendly countries globally, according to the World Bank's Ease of Doing Business Index. Its very low-tax environment is a significant contributor to this reputation, this combined with very low living costs make Georgia a great alternative for relocation. Georgia is one of the countries with low tax for expats, and whether you’re an entrepreneur, a digital nomad, or a multinational corporation, relocating to the country of Georgia or establishing a business here can lead to incredible tax savings and a higher quality of life, this tax solution if also available for American citizens.
Georgia’s tax system is a game-changer and we at Georgia Business and Residential Law can gladly help you with getting lower taxes.
Move To Georgia for Tax Benefits
The country of Georgia’s territorial tax system ensures that individuals are taxed only on income sourced within the country. This means that foreign-source income is completely tax-free, making the country Georgia a prime destination for:
•Digital nomads from the US working remotely for international clients.
•Expats earning income abroad.
•Individuals with foreign investments or businesses.
By moving to the country of Georgia, one of the territorial tax system countries, you can legally reduce your tax burden to zero on income earned outside its borders, giving you unparalleled financial freedom. Georgia Business and Residential Law has helped countless individuals take advantage of this exceptional opportunity.