Georgia attracts entrepreneurs from all over the world thanks to its simplified tax system, favorable business environment, and relatively low cost of accounting services. Accounting services in Georgia are an essential part of doing business for those looking to manage their finances efficiently, comply with tax regulations, and minimize potential risks.
Accounting Services in Georgia — Key Features
Transparent Tax System
Georgia has one of the most transparent and business-friendly tax systems in the world. The corporate income tax rate is only 15%, and for micro businesses, it’s just 1% of turnover. This creates favorable conditions for small and medium-sized enterprises.
Qualified Professionals
Accountants in Georgia are highly professional and well-versed in local legislation. Many work according to International Financial Reporting Standards (IFRS), which makes their services especially valuable for foreign companies.
Wide Range of Services
Accounting firms offer a full range of services, including financial reporting, tax accounting, preparation of tax returns, tax consulting, and assistance with tax planning.
Affordable Prices
The cost of accounting services in Georgia is significantly lower than in most European countries. This makes them particularly attractive for startups and small businesses looking to minimize expenses.
The standard monthly accounting fee for an individual entrepreneur with small business status is 120 GEL, or approximately $45.
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Benefits of Working with Accounting Firms
Compliance with Legislation
Accountants help you meet your tax obligations on time, avoiding fines and penalties.
Expense Optimization
Smart tax planning helps reduce the tax burden, which is especially important for growing businesses.
Time and Resource Savings
Outsourcing accounting functions to professionals frees up time for entrepreneurs to focus on business development.
Remote Registration of a Sole Proprietorship (Individual Entrepreneur) or Company in Georgia
One of the key advantages of doing business in Georgia is the ability to register a sole proprietorship (SP) or a company (such as an LLC) or close it remotely. This process is especially relevant for foreign residents who want to start operating in Georgia without being physically present.
The Remote Registration Process
Document Preparation
To register an SP or a company, only a minimal set of documents is required: a copy of your passport, an application form, and a power of attorney if the process is conducted through a representative.
Registration Through Intermediaries
Many companies offer remote business registration services. They handle the entire process — from submitting the application to obtaining the registration documents.
Use of Online Services
Georgia is actively developing digital infrastructure, and many procedures — including obtaining a tax number and opening a bank account — can be completed online.
Bank Account Opening
After registering an SP or a company, opening a bank account is the next step. This process can also be done remotely through partner banks.
Accounting Services in Georgia and the Advantage of Remote SP Registration
- Saving Time and Money: No need for a personal visit reduces travel costs.
- Access to International Markets: Georgian jurisdiction allows you to do business with clients and partners worldwide.
- Favorable Tax System: Unique conditions for non-residents help minimize tax expenses.
Georgia is a promising destination for freelancers, digital nomads, and the self-employed. Its business-friendly tax regime, affordable accounting services, and the ability to start a business remotely make it an attractive choice. With professional accounting support, entrepreneurs can focus on growing their business while minimizing risks and improving financial efficiency.
