auswandern-georgien
auswandern-georgien
auswandern-georgien
Emigrating to Georgia: Your stress-free fresh start in the Pearl of the Caucasus
Do you dream of a life with lower taxes and high quality of life? Georgia offers attractive opportunities for expatriates. Learn how to benefit from the tax advantages, obtain a residence permit, and successfully integrate into Georgia. Need support with planning? Contact us now.
The topic short and concise
Do you dream of a life with lower taxes and high quality of life? Georgia offers attractive opportunities for expatriates. Learn how to benefit from the tax advantages, obtain a residence permit, and successfully integrate into Georgia. Need support with planning? Contact us now.
Do you dream of a life with lower taxes and high quality of life? Georgia offers attractive opportunities for expatriates. Learn how to benefit from the tax advantages, obtain a residence permit, and successfully integrate into Georgia. Need support with planning? Contact us now.
Do you dream of a life with lower taxes and high quality of life? Georgia offers attractive opportunities for expatriates. Learn how to benefit from the tax advantages, obtain a residence permit, and successfully integrate into Georgia. Need support with planning? Contact us now.
Planning Your Move to Georgia? Learn all about visa requirements, tax benefits, property purchases, and the challenges of living in Georgia. Start now with our comprehensive guide!
Planning to emigrate to Georgia? Georgia, the pearl of the Caucasus, attracts with its unique blend of low living costs, tax benefits, and warm hospitality. This country at the crossroads of Asia and Europe offers an attractive prospect for Germans looking for a fresh start abroad. At GoMovin, we understand that moving abroad is a big decision. That's why we offer you comprehensive support to make your move to Georgia as stress-free as possible.
Georgia is attractive for Germans for various reasons. The living costs are significantly lower than in Germany. For instance, a one-bedroom apartment in Tbilisi costs an average of €300-400, and meals are available for €5-10. The tax advantages are also a big incentive. Georgia offers an income tax of 20% (for domestic income), 1% for small businesses (up to 500,000 Lari turnover), tax-free foreign income, and 5% on capital gains/dividends. German citizens can also enter the country visa-free for up to 360 days. Setting up a business is straightforward, and the cultural diversity and hospitality make life in Georgia particularly enjoyable.
However, there are also challenges and considerations that you should take into account. These include political instability in certain regions such as Abkhazia and South Ossetia, lower wages compared to Germany (averaging €400/month in local companies), and the language barrier, as knowledge of Georgian is recommended for integration. Societal tensions, such as the impact of migration on traditional values, should also not be underestimated. We at GoMovin help you overcome these challenges and successfully manage your emigration process. More information on travel and safety advice can be found on the page of the Foreign Office.
Visa and Residence Permit: How to Secure Your Long-term Stay
For a long-term stay in Georgia, it is important to be aware of the visa regulations and residence permit requirements. German citizens enjoy the advantage of visa-free entry for up to 360 days. This arrangement makes Georgia particularly attractive for remote workers and people wanting to get a first impression of the country. The option to reset the period through border crossings offers additional flexibility. However, it is recommended to use a passport when entering from third countries to avoid possible complications.
If you plan to stay in Georgia for longer than 360 days, you will need a residence permit. This is required if you are employed or self-employed in Georgia. The application must be submitted at the Public Service Hall in Tbilisi. The required documents include a passport, photo, proof of finances, and a rental contract or proof of ownership. It is crucial to submit the application in a timely manner to avoid penalties for overstaying the visa-free period. GoMovin assists you in compiling all necessary documents and guides you through the entire application process. For further information on migration and the associated changes in Georgia, you can consult the publication by ZOIS Berlin.
Another way to obtain a residence permit is through investment in property. A short-term investment permit is possible with a property purchase of 100,000 USD, while a long-term investment permit requires an investment of at least 300,000 USD. This option is particularly interesting for investors and individuals wishing to live in Georgia for the long term. We at GoMovin are happy to advise you on the various residence permit options and support you in choosing the right option for your needs. For detailed information on living in Georgia, visit Wohnsitz Ausland.
Tax optimisation in Georgia: How you can benefit from the advantages
Georgia offers a variety of tax advantages that make the country attractive for expatriates and entrepreneurs. A significant advantage is the territorial tax system, where foreign income is tax-free. This means you do not have to pay taxes on income earned outside Georgia. For domestic income, a flat income tax rate of 20% applies. Additionally, profits from cryptocurrencies are tax-free, making Georgia an appealing location for crypto investors.
There are also interesting tax incentives for businesses. The corporate tax rate is 15% and is only due upon profit distribution. There are special business forms like the IT LLC, which pays 0% tax on foreign IT income, and the Free Economic Zone, which also offers 0% tax. Small businesses benefit from an income tax rate of only 1% on turnover of up to 500,000 GEL. Another option for tax optimization is the HNWI status (High Net Worth Individual). This status allows you to bypass the 183-day rule for tax residency. To obtain HNWI status, you must either prove a minimum annual income of 200,000 GEL in the last three years or own assets of at least 3,000,000 GEL in Georgia, plus at least 500,000 USD in a Georgian financial institution since April 15, 2023. At GoMovin, we provide comprehensive advice on the tax advantages and help you develop the optimal tax strategy for your situation.
Establishing a company in Georgia is straightforward and can be completed within a few hours. There are various business forms to choose from, including Standard LLC, JSC, IT LLC, Free Zone Company, and Small Business. We assist you in selecting the appropriate business form and guide you through the entire establishment process. Detailed information on company formation can be found at Goodbye Matrix.
Living in Georgia: Taking Advantage of Low Costs and New Opportunities
Life in Georgia is characterised by significantly lower living costs compared to Germany. This allows you to manage your budget more flexibly and afford more. However, you should also consider the challenges of the Georgian job market. Opportunities in local companies are limited, and wages are lower (on average €400/month). Expats are mainly hired by international firms in IT, education, and sales. Therefore, it is advisable to check job prospects in your field before moving to Georgia.
For successful integration, it is advisable to learn Georgian. Language skills make everyday life easier and foster connections with locals. Opening a bank account is straightforward and possible with a passport. Georgian banks offer multi-currency options and online banking. We at GoMovin support you with all practical questions about living and working in Georgia, from finding accommodation to opening a bank account.
The favourable prices and associated quality of life attract many expatriates to Georgia, as reported by MyTalent.io. Take the opportunity to start a new chapter in your life and benefit from the diverse opportunities Georgia offers.
Health and Safety: Living Well-Prepared in Georgia
Healthcare in Georgia is an important aspect to consider during your relocation. Although health insurance is not mandatory, it is highly recommended. Costs range between €13 and €25 per month. The quality of medical care varies greatly between urban and rural areas. In Tbilisi and Batumi, there are private facilities offering modern care, which may require upfront payment. It is advisable to secure comprehensive coverage, including evacuation. We at GoMovin assist you in finding the right health insurance and advise you on all aspects of healthcare in Georgia.
You should also consider the safety advice. The Federal Foreign Office regularly issues travel advice, which you should consult before your relocation. Pay attention to the "Law on Occupied Territories" (Abkhazia and South Ossetia) and the "Law on the Protection of Family Values and Minors". Be aware of the threat of terrorism and maintain a high level of security awareness. It is advisable to register with the "Elefand" crisis preparedness list of the German Federal Foreign Office.
For German retirees wishing to relocate to Georgia, Wise offers helpful information. Inform yourself about the different climate zones, property prices, and cost of living.
Real Estate Market in Georgia: Affordable Living and Investing
The real estate market in Georgia offers attractive opportunities for expatriates and investors. Purchasing property is unrestricted for foreigners. Property prices are significantly more affordable than in Germany. High-quality apartments are available from just €1,000 per square metre. Rental prices are also low. In Tbilisi, a one-bedroom apartment costs an average of €300-400 per month. The monthly utilities for an 85 m² apartment are approximately €65.
We at GoMovin support you in finding the right property and provide advice on all questions regarding purchasing or renting property in Georgia. Take the opportunity to live affordably and invest in the Georgian real estate market. The Overseas Perspective offers further insights into Georgia's burgeoning real estate market.
Here are some of the main advantages of the real estate market in Georgia:
Affordable Prices: Significantly lower property prices compared to Germany.
Unrestricted Purchase for Foreigners: No restrictions for foreigners when purchasing property.
Attractive Rental Prices: Low rental prices, especially in Tbilisi.
Moving to Georgia: How to Master the Formalities
Relocating to Georgia requires careful planning and preparation. It is advisable to consider international moving companies as there are specific customs regulations to observe. Your EU driving licence is valid in Georgia. However, if you import a car with German license plates, keep in mind that it must leave the country every 3 months. Make sure to clarify the import regulations for medication beforehand, especially for narcotics or psychotropic substances.
For money transfers, Wise offers cost-effective solutions for international transfers. At GoMovin, we support you with all formalities related to your move to Georgia, from organising transportation to clarifying customs regulations. With our experience and network, we ensure a smooth process.
Also, pay attention to the travel and safety information provided by the Foreign Office to be well-prepared.
Risks and Challenges: Political Situation and Social Tensions
When deciding on emigrating to Georgia, you should also consider the risks and challenges. The political and social situation is influenced by the aftermath of the Russo-Georgian War of 2008 and the Russian presence in Abkhazia and South Ossetia. The pro-Russian stance of the Georgian government is leading to increasing emigration of Georgians due to uncertainty, limited freedoms, and societal division. The influx of Russians has resulted in cultural tensions.
You should also consider economic challenges such as unemployment and low wages. Pay attention to the legal regulations, especially the "Law on Occupied Territories" and the "Law on the Protection of Family Values and Minors". It is important to be informed about the current political and social situation and to realistically assess the risks. materie.at highlights the reasons for the increasing emigration from Georgia.
We at GoMovin are here to support you with our expertise and help you overcome the challenges and minimise the risks.
Emigrating to Georgia: Your Chance for a Fresh Start with GoMovin
Georgia is an attractive relocation destination for certain groups, particularly remote workers, entrepreneurs, and retirees. The country offers potential tax advantages and low living costs. However, it's essential to consider the language, culture, political situation, and healthcare. Georgia's future prospects are promising, with the country's development and economy progressing, along with potential adjustments to laws and regulations.
At GoMovin, we accompany you on your journey to Georgia, supporting you every step of the way, from planning to arrival. Use our expertise and network to make your move to Georgia as stress-free as possible. Contact us today for personalized advice and start your new beginning in the Pearl of the Caucasus.
Are you ready for your new life in Georgia? We simplify the relocation process and make your international move stress-free, efficient, and tailored to you. Contact us today to learn more about our comprehensive services. We look forward to supporting you with your relocation to Georgia!
Further useful links
The Federal Foreign Office offers current travel and security information for Georgia.
The ZOIS Berlin analyses the impact of migration on tradition and change in Georgia.
The World Bank provides analyses on economic development and infrastructure in Georgia.
The International Monetary Fund (IMF) publishes country reports on Georgia, including economic assessments and policy recommendations.
The National Statistics Office of Georgia (Geostat) provides data on population development, economy, and labour market.
Statistical Office of the European Union (Eurostat) focuses on economic data and statistics, some of which are also applicable to Georgia.
FAQ
What advantages does Georgia offer for German expatriates?
Georgia attracts with low cost of living, attractive tax benefits (e.g. 20% income tax on domestic income, 1% for small businesses with up to 500,000 Lari turnover, tax-free foreign income), and warm hospitality. German citizens can enter without a visa for up to 360 days.
How do I obtain a residence permit in Georgia?
For a long-term stay, you need a residence permit, which can be applied for at the Public Service Hall in Tbilisi. Required documents include a passport, photo, proof of finances, and rental/ownership agreement. Alternatively, investment in real estate (starting from 100,000 USD for a short-term, from 300,000 USD for a long-term permit) is possible.
What tax benefits does Georgia offer for businesses?
Georgia offers a territorial tax system where foreign income is tax-free. Corporate tax is 15% and is only due upon profit distribution. There are special business forms such as IT LLC (0% tax on foreign IT income) and Free Industrial Zones (0% tax).
How high is the cost of living in Georgia?
The cost of living is significantly lower than in Germany. A one-bedroom apartment in Tbilisi costs an average of 300-400 € per month, and meals are available for 5-10 €. Monthly utilities for an 85 m² apartment are around 65 €.
What risks and challenges should I consider when emigrating to Georgia?
Challenges include political instability in certain regions (Abkhazia, South Ossetia), lower wages compared to Germany (on average 400 €/month in local businesses) and the language barrier (Georgian proficiency recommended). Social tensions and the impact of migration on traditional values should also be considered.
What is healthcare like in Georgia?
A health insurance policy is not mandatory, but highly recommended. Costs range between 13 and 25 € per month. The quality of medical care varies greatly between urban and rural areas. Tbilisi and Batumi have private facilities offering modern care.
How do I open a bank account in Georgia?
The opening of a bank account is straightforward and possible with a passport. Georgian banks offer multi-currency options and online banking.
What options are there for German retirees in Georgia?
Georgia offers lower living costs and affordable property prices, making it attractive for retirees. There is a double taxation agreement between Germany and Georgia. The Neubrandenburg tax office provides specific tax information for German retirees abroad.
