Individual entrepreneur in Georgia (IE)

An individual entrepreneur in Georgia (IE) is one of the simplest and most effective forms of doing business for non-residents. Registration of an individual entrepreneur in Georgia allows you to legally work with foreign clients, optimize the tax burden and operate without a complex corporate structure.

Individual entrepreneur in Georgia - registration of an individual entrepreneur for international business with a tax of 1%.

You can open an individual entrepreneur in Georgia remotely, without moving and without obtaining a residence permit. The procedure for opening an individual entrepreneur in Georgia is as simple as possible, and all administrative processes are available online.

The key advantage is the ability to obtain the status of a small business and pay only 1% of the turnover tax if the established criteria are met.

Individual entrepreneur taxes in Georgia

Standard regime

If an individual entrepreneur in Georgia does not apply the special small business regime:

• annual financial statements are submitted;
• reporting is submitted by April 30;
• taxation is carried out according to the general system, like companies in Georgia.

Small business (1% tax)

The small business regime is the main reason why opening a sole proprietorship in Georgia is popular among non-residents.

Conditions for applying the small business regime for sole proprietorships in Georgia:

• Annual turnover of up to 500,000 GEL;
• The type of activity must comply with the permitted list.

Not applicable for:

• Legal services;
• Accounting and consulting services;
• Activities requiring a special license or professional qualification.

Procedure for obtaining the status:

• application after registration of the individual entrepreneur;
• obtaining a small business certificate;
• payment of tax - monthly;
• reporting - monthly through the electronic system.

Individual entrepreneurship in Georgia for freelancers, IT and international activities

Individual entrepreneurship in Georgia is widely used for conducting international business and working with foreign platforms.

Registering a sole proprietorship in Georgia is suitable for:

1. IT specialists;
2. freelancers;
3. consultants;
4. entrepreneurs working with foreign clients;
5. Georgia sole proprietorship for IT, as well as for working with Upwork, Amazon and other platforms, is one of the most effective taxation models.

Individual entrepreneurship in Georgia for Ukrainians

Opening a sole proprietorship in Georgia for Ukrainians is possible without obtaining a residence permit.

• Registration of an individual entrepreneur in Georgia is carried out remotely;
• Personal presence is not required;
• All procedures are carried out through a representative by power of attorney.

This allows a non-resident to open a sole proprietorship in Georgia without physically being in the country.

Remote opening of a sole proprietorship in Georgia

A sole proprietorship in Georgia is opened remotely on the basis of a notarized power of attorney. The procedure includes:

• preparation of a power of attorney and documents;
• sending originals to Georgia;
• translation of documents into Georgian;
• submission of documents to the register.

You do not need to have a local address or reside in the country to register a sole proprietorship.

We provide:

• legal address for 1 year;
• full support of sole proprietorship registration;
• opening a bank account for sole proprietorship in Georgia.

After the registration of a sole proprietorship, it is possible to open a bank account.

The procedure includes:

• applying to the bank for opening a personal account with the Bank of Georgia;
• passing a compliance check;
• opening a sole proprietorship account after receiving the sole proprietorship documents.

Electronic business of individual entrepreneurs in Georgia

Individual entrepreneurs in Georgia provide for fully digital interaction with government agencies:

• online reporting;
• electronic taxpayer account;
• possibility to receive documents in electronic form;
• original documents can be obtained through the Public Service Hall if necessary.

The cost of opening a sole proprietorship in Georgia

The cost depends on the chosen package of services and the registration format.

• Remote opening of a sole proprietorship in Georgia - 750 EUR
• Registration of a sole proprietorship with opening a bank account in Bank of Georgia - 1450 EUR

A sole proprietorship in Georgia is the best solution for those looking for a simple, fast and tax-efficient model of doing business abroad.

Registration of an individual entrepreneur in Georgia (registration of a sole proprietorship in Georgia) allows you to work legally, minimize taxes and scale your business without a complex corporate structure.

You can order registration of an individual entrepreneur in Georgia, get assistance in opening an individual entrepreneur in Georgia or open a turnkey individual entrepreneur in Georgia remotely through Maira Consult. We accompany clients at all stages from preparing documents to obtaining tax status and opening a Georgian bank account.