Blog

TL;DR Georgian LLCs pay 0% corporate tax on profits kept inside the business, tax is only triggered when profits are distributed to shareholders This is not a loophole. It is Georgian tax law as written, a deliberate policy to encourage business growth and reinvestment The rate when you do distribute is 15% corporate tax plus 5% dividend tax, knowing when to distribute and when to retain is where the real planning happens For IT companies qualifying for Virtual Zone status, t

Table of contents TL;DR The Territorial Tax System: The Basic Principle Non-Residents: Foreign Income Simply Does Not Apply Tax Residents: How Foreign Income Is Treated Foreign Income Through a Georgian LLC The Role of Double Taxation Treaties How Gegidze Helps You Structure Your Foreign Income Frequently Asked Questions (FAQs) TL;DR Georgia uses a territorial tax system, meaning many types of foreign-sourced income are exempt from Georgian personal income tax for qualifying

The Importance of SARAS Compliance for Georgian LLCs If you operate a Georgian LLC, SARAS financial reporting is mandatory, even if your taxes are fully compliant. Key points to remember: SARAS is not part of the Revenue Service and is not a tax filing. Almost all Georgian LLCs must submit annual financial statements to SARAS. The October 1st deadline is fixed and strictly enforced. Foreign-owned companies are not exempt. Zero activity does not automatically remove the obliga

Table of contents Why FATF Compliance Matters for Georgia’s Crypto Sector Understanding FATF and Its Role in Crypto Regulation How Georgia Adopts FATF Standards Georgia’s Legal Status of Crypto Who Needs to Register as a VASP in Georgia Core FATF Compliance Obligations for Georgian Crypto Businesses FATF’s Travel Rule: The Next Step for Global Compliance Georgia’s Advantage: Compliance Without Complexity Common Compliance Pitfalls and How to Avoid Them FATF Compliance in Acti

Table of contents TL;DR. Late Filing in Georgia Has Real Consequences What Happens When You Miss a Revenue Service Deadline Why Late Filing in Georgia Is a Bigger Problem Than People Expect How the Georgian Revenue Service Applies Penalties The Deadlines People Miss Most Often in Georgia Penalties for Individual Entrepreneurs in Georgia Penalties for Georgian LLCs How Interest Makes Small Penalties Big Problems Penalty Comparison Table. Individual Entrepreneur vs Georgian LLC

Table of contents TL;DR The four entity categories under Georgian accounting law Simplified accounting standard: who qualifies and what it requires IFRS for SMEs: who qualifies and what it requires Core requirements of IFRS for SMEs Full IFRS: large entities and public interest entities Annual financial statement filing: deadlines and process How accounting standards interact with tax compliance Common mistakes in accounting standard selection How Gegidze helps Frequently ask

Table of contents TL;DR: 1% IE vs 5% LLC in Georgia Introduction The 1% Model: What an Individual Entrepreneur in Georgia Really Is The 5% LLC Model: Understanding the Georgia Corporate Structure When the 5% LLC Makes More Sense Than 1% VAT Georgia: Where the Real Strategic Difference Appears Banking: IE vs LLC in Practice Cost Comparison: Setup and Ongoing Expenses Georgia Tax Residency: Does It Change the Answer? The Strategic Question Scenario 1: The Solo Remote Freelancer

Table of contents TL;DR What Makes a Tax Haven: The Actual Definition Georgia's Tax Rates: The Real Numbers How Georgia Compares to Malta, Cyprus, and the UAE FATF, CRS, and International Compliance The Virtual Zone and Other Incentive Regimes Who Benefits Most From Operating in Georgia How Gegidze Helps You Evaluate Georgia as a Base Frequently Asked Questions (FAQs) TL;DR Georgia is not a tax haven in the traditional sense, it is a low-tax jurisdiction with a transparent, i

Table of contents TL;DR The four entity categories under Georgian accounting law Simplified accounting standard: who qualifies and what it requires IFRS for SMEs: who qualifies and what it requires Core requirements of IFRS for SMEs Full IFRS: large entities and public interest entities Annual financial statement filing: deadlines and process How accounting standards interact with tax compliance Common mistakes in accounting standard selection How Gegidze helps Frequently ask

TL;DR Under Georgian tax law, income classification is determined by the contract and invoice documentation, not solely by the client's country of incorporation or the founder's intention. For Virtual Zone companies, the contract must establish that the client is a foreign entity, the service is IT in character, and the service is delivered and received outside Georgia. Vague or generic invoices, "consulting fee," "monthly services," "project work", create an evidentiary gap

Table of contents: Two Small Countries, One Big Question for Crypto Founders Legal Recognition of Crypto: The Core Difference Company Registration: Simplicity vs. Bureaucracy Tax Systems: The Deciding Factor Payroll and Contractor Tax VAT and Crypto Transactions Banking and Crypto-Fiat Integration Compliance: Stricter in Estonia, Simpler in Georgia Industry Use Cases: Who Gains the Most in Each Country A Founder’s Real-World Comparison Why Georgia’s Tax Regimes Outperform Est

Table of contents TL;DR. Bookkeeping for Individual Entrepreneurs in Georgia Simple Cash Basis vs Full Accrual Requirements Explained Why Bookkeeping Matters Even Under the Georgia 1% Tax What “Bookkeeping” Means for Individual Entrepreneurs in Georgia The Legal Bookkeeping Expectations for Individual Entrepreneurs How Cash Basis Works in Practice Cash Basis Bookkeeping and the Georgia 1% Tax Common Cash Basis Bookkeeping Mistakes Individual Entrepreneurs Make Accrual Bookkee

Table of contents Introduction: Is Georgia Really Tax-Free for Passive Income? The Legal Foundation: How Georgia’s Territorial Tax System Works Capital Gains Tax in Georgia: When Is It Zero? Interest Income in Georgia: Is It Really Tax-Free? Foreign Rental Income: A Powerful Wealth Strategy Dividends: Foreign vs Georgian Treatment Combining Active and Passive Income in Georgia Important Distinction: Investor vs Entrepreneur Compliance Traps: When “Tax-Free” Becomes Taxable St

Table of contents TL;DR – 183-Day Rule vs Permanent Establishment Risk Introduction: Physical Presence Is Not Just About Counting Days The 183-Day Rule: What It Actually Means Permanent Establishment: The Corporate Risk Side of Physical Presence When Remote Work Creates PE Risk 183-Day Rule vs PE: Why They Are Not the Same High-Risk Scenarios for International Founders When PE Is Avoidable Substance Over Form Effective Place of Management: The Hidden Corporate Residency Trigg

Table of contents: Why Crypto Payroll Is a Hot Topic Is It Legal to Pay Employees in Crypto in Georgia? Payroll Taxes: Employees vs. Contractors How Crypto-to-Fiat Conversion Works The Risks of Paying Directly in Crypto Industry Use Cases Why Georgia Is Attractive for Crypto Payroll How Gegidze Simplifies Payroll Conclusion: The Compliant Way to Pay in Crypto Frequently asked questions Why Crypto Payroll Is a Hot Topic For global companies, paying teams in crypto is no longe

Table of contents TL;DR. Late Filing in Georgia Has Real Consequences What Happens When You Miss a Revenue Service Deadline Why Late Filing in Georgia Is a Bigger Problem Than People Expect How the Georgian Revenue Service Applies Penalties The Deadlines People Miss Most Often in Georgia Penalties for Individual Entrepreneurs in Georgia Penalties for Georgian LLCs How Interest Makes Small Penalties Big Problems Penalty Comparison Table. Individual Entrepreneur vs Georgian LLC

​​ Table of contents Why Foreigners Want Georgian Debit Cards Without Traveling Which Georgian Banks Allow Remote Debit Card Issuance Requirements for Receiving a Georgian Debit Card Remotely Types of Cards You Can Receive Remotely Can Cards Be Delivered Abroad Card Activation and ATM Usage Why Foreigners Use Georgian Debit Cards for Crypto Earnings Why LLCs Use Corporate Cards in Georgia Avoiding Common Mistakes When Requesting a Remote Debit Card How Gegidze Helps You Recei

A complete guide for Georgian Individual Entrepreneurs on converting foreign income to GEL for tax filings. Learn how to apply the Revenue Service Georgia exchange rate, how to declare payments from foreign clients, and how to stay compliant with the 1 percent Small Business Status.

Table of contents Why Foreign Companies Look to Georgia Is Crypto Payroll Legal in Georgia? Why Georgia Works for Crypto Payroll Two Payroll Models: Employees vs Contractors How Crypto Payroll Works with Gegidze Beyond Payroll: Special Tax Regimes for Crypto Companies in Georgia Industry Examples Georgia vs EU vs US: Payroll Reality Check Industry-Specific Tax Planning Common Mistakes Foreign Companies Make in Georgia Why Georgia Beats Other Crypto Payroll Jurisdictions Why G

Table of contents A New Crypto Crossroads The Perfect Position Between Europe and Asia A Tax Environment Designed for Crypto Banking That Works for Crypto Founders Leaving Europe and Asia, Why Georgia Is the New Choice The Founder’s Experience: Speed, Simplicity, and Scale The Industries Driving Georgia’s Crypto Boom Case Study: From Berlin to Tbilisi Why Georgia Works for Both European and Asian Founders Why Founders Trust Gegidze The Future: Georgia’s Crypto Ecosystem Is Ju