Accounting Services
Accounting Services
From 1 March 2026, all foreign freelancers, employees, and entrepreneurs must obtain a Special Work Permit to work legally in Georgia. This rule applies to almost all foreigners who: However, there are exceptions: You need the Special Work Permit to apply for any residence permit in Georgia.To work legally, foreign nationals must have:✔️ A valid […]
Effective September 24, significant amendments to the Tax Code of Georgia have introduced a series of tax exemptions and reduced rates. These incentives are specifically designed to foster growth for innovative startups, small and medium-sized enterprises (SMEs), and companies focused on Research and Development (R&D). 🔹 Innovative Startups: Innovative startups can benefit from a tiered […]
Who Can Obtain It? Georgia offers a highly competitive tax environment for individual entrepreneurs. Under the “Small Business Status,” taxpayers benefit from a significantly reduced turnover tax rate. Eligibility Criteria: The status will be revoked if: Pros & Cons:
Registering for VAT: Why You Should Think Twice Before Signing Up One of the most critical decisions during company registration is whether to voluntarily register as a VAT (Value Added Tax) payer. While it might seem beneficial, doing so prematurely can lead to significant financial setbacks. The Risks of Early Registration: Expert Advice: Strategic planning […]
The Virtual Zone represents a special tax regime offered by the Georgian government, specifically designed for companies operating in the IT sector.This status allows businesses to significantly reduce their tax burden if their services or products are provided exclusively to foreign clients, i.e., non-residents. Activities Eligible for Virtual Zone Status Companies can operate in the […]