Georgia has joined the Common Reporting Standard (CRS) system for the automatic exchange of financial information. This requires banks and financial institutions to report non-resident account data to their countries of residence. To avoid double taxation, it is necessary to obtain a Tax Residency Certificate …
How to register as an individual entrepreneur (IE) in Georgia, in 2025
How to register as an individual entrepreneur (IE) in Georgia, Including Remotely in 2025 The most popular way for foreign citizens to legalize their business or work in Georgia is by registering as an individual entrepreneur (IE) or Sole Proprietorship. Advantages of doing business in …
Accounting Services in Georgia
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 …
Closing a Bank Account in Georgia Remotely
Georgia, known for its open approach to foreign investment and business, offers convenient banking services for both residents and non-residents. While opening a bank account in Georgia remotely can present certain challenges, closing a bank account in Georgia remotely is possible by contacting the appropriate …
Closing an IE Individual Entrepreneur or sole proprietorship in Georgia Remotely
Opening an Individual Entrepreneur (IE) in Georgia is one of the popular ways to run a business for both residents and non-residents due to its simplicity, low taxes, and flexible work options. However, situations may arise when an IE decides to close their business, and …
How to Get a Tax Identification Number (TIN) in Georgia (country) in 2025?
If you plan to conduct activities or own property, obtaining a TIN in Georgia, (Tax Identification Number) is mandatory. This unique code is used for identification within the country’s tax system. In this guide, you will learn what a TIN is, who needs to obtain …
Activity Codes for Individual Entrepreneurs (sole proprietorships) in Georgia
Activity codes for individual entrepreneurs (IE) aka sole proprietorships in Georgia serve as an indicator of whether the preferential tax regime can be applied, or if it’s better to consider another country with lower tax rates for your business activities. Georgia offers one of the …
Register Sole Proprietorship or LLC in Georgia remotely
Many foreigners often search online for “how to open an Sole Proprietorship or LLC in Georgia.” Why? This beautiful country is not only known for its hospitality and delightful cuisine but also for its favorable business climate and its prestigious 7th place ranking in the …
Liquidating a Sole Proprietorship (SP) in Georgia — Closure
The procedure for liquidating a Sole Proprietorship in Georgia is relatively simple and consists of just three steps: Overall, the process can be completed within 2-3 business days. 1. Visiting the Tax Office Once a decision to close the liquidating a Sole Proprietorship is made, …
Opening a Bank Account at TBC Bank Georgia + Reviews
How to Open an Account at TBC Bank? TBC Bank generally issues Russian citizens a card in the local currency (GEL) with usage limited to Georgian territory and restricted for online transactions. Required Documents: Tariff Plan: Reviews About TBC Bank After a month without any …