umziehen-nach-deutschland-als-uk-buerger
umziehen-nach-deutschland-als-uk-buerger
umziehen-nach-deutschland-als-uk-buerger
Moving to Georgia: Your Benefits, Risks, and the Ultimate Guide
Considering moving to Georgia? The country offers low living costs and attractive tax advantages. But what are the actual pros and cons? Discover everything you need to know for your decision in this article. For personal advice and support with your move, get in touch with us.
The topic short and concise
Considering moving to Georgia? The country offers low living costs and attractive tax advantages. But what are the actual pros and cons? Discover everything you need to know for your decision in this article. For personal advice and support with your move, get in touch with us.
Considering moving to Georgia? The country offers low living costs and attractive tax advantages. But what are the actual pros and cons? Discover everything you need to know for your decision in this article. For personal advice and support with your move, get in touch with us.
Considering moving to Georgia? The country offers low living costs and attractive tax advantages. But what are the actual pros and cons? Discover everything you need to know for your decision in this article. For personal advice and support with your move, get in touch with us.
Considering a move to Georgia? Find out everything about the pros and cons here, from tax benefits to cultural aspects. We help you make your decision!
A move to Georgia is becoming increasingly popular, and for good reason. The country offers a combination of low living costs, a pleasant climate, and attractive tax benefits. But is Georgia really the right destination for you? This article provides you with a comprehensive overview of the advantages and disadvantages, helping you to make an informed decision.
Georgia is particularly attractive for German citizens who can benefit from visa-free entry possibilities. Remote workers and entrepreneurs will also find interesting conditions here, especially regarding taxes and company formation. At GoMovin, we understand that an international move is a major challenge. That's why we offer comprehensive moving assistance to ease the entire process for you. From planning to arrival, we are at your side with our expertise.
Whether you are interested in planning your move or seeking general information, we are happy to support you.
Visa-free entry and long-term stay: Here's how it works
For German citizens, entering Georgia is remarkably straightforward. They can stay in the country for up to 360 days without a visa. This arrangement makes Georgia particularly attractive for longer stays, such as for digital nomads or retirees. To avoid the visa requirement, all that is needed is a short trip to a neighbouring country before re-entering Georgia.
However, for a permanent stay, a residence permit is necessary. This can be applied for at the Public Service Hall in Tbilisi. There are various types of residence permits available, including those for work, study, family reunification, or investment. It is important to apply within the 360-day timeframe to avoid penalties. Further information on the different residence permits can be found on the Perspektive Ausland website.
GoMovin supports you with all questions regarding visas and residence permits. We help you compile the necessary documents and fill out the application correctly.
Optimise taxes: How to benefit from the Georgian tax system
Georgia offers a range of tax advantages that make the country attractive for expatriates and entrepreneurs. A key aspect is the territorial tax system, which potentially allows for tax-free foreign income. The income tax rate is just 20%. There are special provisions for small businesses, such as a turnover tax of only 1% up to a turnover of 500,000 Lari.
Another advantage is the opportunity to reinvest profits tax-free, known as the "Estonian Model". This encourages investment and business growth. The taxation of IT companies is also attractive, particularly due to the status as a "Virtual Zone Person", which sets low requirements on the company's substance. For detailed information on the tax benefits, Goodbye Matrix provides resources.
Banking in Georgia is also straightforward. Opening an account is easily done with a passport. They offer multi-currency accounts and online banking. High interest earnings are possible on Lari savings accounts. GoMovin is happy to advise you on all tax matters and assist you with company formation in Georgia.
Reducing Living Costs: How to Live Affordably in Georgia
The cost of living in Georgia is significantly lower compared to Germany. This is one of the main reasons why many people choose to move to Georgia. For example, an apartment in Tbilisi costs between 300 and 450 EUR, meals are available for 5 to 10 EUR, and public transport is very affordable at around 0.20 EUR per trip.
The rent prices are also lower than in Germany, though prices depend on the location and standard. Tbilisi is the most expensive. Popular real estate portals include ss.ge and myhome.ge. Purchasing property is possible for foreigners without significant restrictions, especially in Tbilisi and coastal regions like Batumi. The Overseas Perspective offers further insights into property prices.
GoMovin assists you in finding an apartment and helps you discover the right property. We connect you with local estate agents and support you in contract negotiations.
Ensuring Health and Safety: What You Need to Look Out For
Health care in Georgia is not comparable to German standards, so a health insurance is recommended, even if it is not mandatory. The costs range between 13 and 25 EUR per month. Providers include unison.ge, imedil.ge, and gpih.ge. The quality of medical care varies between urban and rural areas. In remote areas, comprehensive insurance with helicopter transport is advisable.
Georgia is considered generally safe, but caution is advised in Abkhazia and South Ossetia due to political instability. It is advisable to check the current security situation in advance. The Federal Foreign Office provides further information on safety.
GoMovin is happy to advise you on healthcare and safety issues in Georgia. We help you find the right health insurance and offer tips for a safe life in the country.
Take advantage of job opportunities: How to find work in Georgia
For expats, there are various job opportunities in Georgia, especially in international companies within the IT, education, and sales sectors. The IT sector is rapidly growing, offering opportunities for startups. The tourism sector is also booming. However, it's important to note that local salaries average around 400 EUR per month, which may be less attractive.
Establishing a company in Georgia is relatively straightforward. The status as a "Virtual Zone Person" for IT companies allows one to operate a business with minimal requirements. A work residency permit requires the establishment of a small business with a minimum turnover of 50,000 GEL. MyTalent.io provides further information on job opportunities.
GoMovin supports you in job searching and setting up a business in Georgia. We connect you with local companies and help you establish your own business.
Facilitating Integration: Mastering Language, Culture, and Formalities
For better integration, it is advisable to learn Georgian. Even though many people speak English or Russian, knowing the local language makes daily life and communication with locals easier. Georgia has a unique culture and traditions. Tbilisi offers an interesting mix of old and new architecture.
When moving to Georgia, some formalities need to be considered. This includes registering your departure with the registration office in Germany. Important documents such as birth and marriage certificates should be taken along. EU driving licences are accepted.
GoMovin supports you with all questions regarding integration and formalities. We offer language courses and help you navigate Georgian culture.
Weighing up the pros and cons: Is Georgia the right destination?
Moving to Georgia comes with both advantages and disadvantages. It is important to carefully consider these to make the right decision.
Advantages
Here are some of the key advantages:
Low cost of living: Compared to Germany, living in Georgia can be significantly cheaper.
Attractive tax benefits: The Georgian tax system offers interesting opportunities for expatriates and entrepreneurs.
Visa-free entry: German citizens can stay in Georgia for up to 360 days without a visa.
Easy company formation: Establishing a business in Georgia is relatively straightforward.
Pleasant climate: Georgia offers a mild and pleasant climate.
Disadvantages
However, there are also some disadvantages to consider:
Low salary levels: Salaries in local companies are often low.
Language barrier: Georgian is a difficult language.
Political instability: There are political tensions in certain regions.
Quality differences in healthcare: The quality of healthcare can vary.
Conclusion: Make the Right Decision for Your Move
A move to Georgia can be an intriguing option, especially if you wish to benefit from low living costs and tax advantages. However, it is crucial to carefully weigh the pros and cons and consider your personal priorities. By learning the Georgian language and adapting to the cultural differences, you can integrate well and lead a fulfilling life in Georgia.
At GoMovin, we are happy to support you with your relocation to Georgia. We offer comprehensive advice and assist you with all matters related to the planning, organisation, and execution of your move. Our goal is to make your move as easy and stress-free as possible.
Are you ready for your move to Georgia? Contact us today for personal advice and a no-obligation quote. We look forward to supporting you in this new chapter of your life!
Further useful links
On Bundesfinanzministerium you will find information about the German tax system.
The OECD provides reports and analyses on Georgia's economy and finances.
FAQ
What advantages does moving to Georgia offer to German citizens?
German citizens benefit from visa-free entry (up to 360 days), low cost of living, attractive tax advantages, and the possibility of starting a business easily. GoMovin supports you in planning and executing your move.
How do the cost of living in Georgia compare to Germany?
The cost of living in Georgia is significantly lower than in Germany. For instance, an apartment in Tbilisi costs between 300 and 450 EUR, meals are available for 5 to 10 EUR, and public transport is very affordable.
What tax advantages does Georgia offer for expatriates and entrepreneurs?
Georgia offers a territorial tax system that can allow tax-free foreign income under certain circumstances. The income tax is only 20%. There are special regulations for small businesses, such as a 1% turnover tax for revenues up to 500,000 Lari.
Do I need health insurance in Georgia?
Health insurance is advisable in Georgia, although it is not mandatory. The costs range from 13 to 25 EUR per month. The quality of medical care varies between urban and rural areas.
How do I find work in Georgia?
There are various job opportunities for expats in Georgia, especially in international companies in the fields of IT, education, and sales. The IT sector is rapidly growing and offers opportunities for startups.
How can I apply for a residence permit in Georgia?
A residence permit is required for permanent residence. You can apply for it at the Public Service Hall in Tbilisi. There are different types of residence permits, including those for work, study, family reunification, or investment.
Is Georgia a safe country?
Georgia is considered generally safe; however, caution is advised in Abkhazia and South Ossetia due to political instability. It is advisable to check the current security situation in advance.
What formalities should be observed when moving to Georgia?
Several formalities should be observed when moving to Georgia. These include deregistering with the local registration office in Germany. Important documents such as birth and marriage certificates should be brought along. EU driving licences are accepted.
