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Moving to Georgia: Do I need a special license?
A move to Georgia can offer many advantages, from low taxes to a high quality of life. But what permits do you really need? Find out now about the necessary steps and avoid costly mistakes. Learn more in our personal consultation.
The topic short and concise
A move to Georgia can offer many advantages, from low taxes to a high quality of life. But what permits do you really need? Find out now about the necessary steps and avoid costly mistakes. Learn more in our personal consultation.
A move to Georgia can offer many advantages, from low taxes to a high quality of life. But what permits do you really need? Find out now about the necessary steps and avoid costly mistakes. Learn more in our personal consultation.
A move to Georgia can offer many advantages, from low taxes to a high quality of life. But what permits do you really need? Find out now about the necessary steps and avoid costly mistakes. Learn more in our personal consultation.
Planning a move to Georgia? Find out here which permits and licenses you really need and how to make your new start a success.
A move to Georgia can be an exciting new chapter in your life. However, before you pack your bags, you should thoroughly inform yourself about the necessary licenses and permits. Many people underestimate this aspect, which can lead to unnecessary delays and problems.
This article provides you with a comprehensive overview of all the important aspects concerning the topic of "moving to Georgia license". We show you which permits you need for your stay, how to set up a business, and the tax advantages Georgia offers. Our goal is to equip you with practical advice and detailed information to ensure a successful start in Georgia.
At GoMovin, we understand that an international relocation is a significant challenge. We provide comprehensive relocation assistance that covers all aspects of your move – from planning to logistics. With our expertise, you can be confident that your move will proceed smoothly and stress-free.
Long-term Stay: Residence Permits as Key
For a long-term stay in Georgia, a residence permit is essential. Without this permit, you can only stay in the country for a limited time. There are different types of residence permits, each with their own requirements and conditions.
Work Permit: Requirements and Conditions
One option is the work permit. You can obtain this if you are employed by a Georgian company. However, the company must generate a minimum revenue of 50,000 GEL per foreign employee. This is an important requirement that many expatriates must consider. For more information on starting a business, see Goodbye Matrix.
Investment-Based Residence Permit: Short and Long-Term Options
Another option is the investment-based residence permit, which comes in two variants: a short-term and a long-term. For the short-term permit, you need to purchase a property with a market value of at least 100,000 USD. For the long-term permit, this amount increases to 300,000 USD. After five years, you can then apply for a permanent residence permit.
HNWI Status: Benefits and Financial Criteria
The HNWI status (High Net Worth Individual) offers additional benefits. With this status, the 183-day residence condition is waived. However, you must meet certain financial criteria, such as a minimum annual income of 200,000 GEL over the last three years or assets of at least 500,000 USD in a Georgian bank since 15 April 2023. Additionally, your total net worth in Georgian assets must be 3,000,000 GEL. Note that a legal residence permit is a prerequisite for HNWI status.
Regardless of the type of residence permit, it is important to inform yourself early about the various options and meet the respective requirements. GoMovin is happy to assist you in selecting the right permit and preparing the necessary documents.
Company formation: Make optimal use of tax benefits
Georgia offers attractive conditions for the establishment of a company. There are various legal forms, each providing different tax advantages. Choosing the right legal form can significantly reduce your tax burden.
LLC (GmbH): Standard option with 15% corporate tax
The LLC (Limited Liability Company), comparable to a GmbH, is a common option. Here, a corporate tax of 15% is levied, but only on distributed profits. This can be particularly attractive for companies that wish to reinvest their profits.
IT LLC (Virtual Zone): 0% tax on foreign IT income
For IT companies, the IT LLC (Virtual Zone) offers a special advantage: 0% tax on foreign IT income. Only a withholding tax of 5% applies to dividends. This makes Georgia an attractive location for IT specialists and businesses. Note the advice on tax traps in Georgia.
Small businesses: 1% income tax up to 500,000 GEL turnover
Small businesses benefit from an income tax of just 1% as long as the turnover does not exceed 500,000 GEL. This is particularly attractive for small enterprises and self-employed individuals. According to Staatenlos, setting up a sole proprietorship is a common method to obtain a residence permit.
Free Zone companies: 0% corporate tax, property tax, withholding tax, and VAT
Free Zone companies enjoy even 0% corporate tax, property tax, withholding tax, and VAT. This option is particularly interesting for companies operating internationally and wishing to benefit from the tax advantages.
Necessary permits for certain business activities
Certain business activities require special permits. Information can be found on the website LTA.ge. It is important to inform yourself about the necessary permits early on to avoid delays.
GoMovin supports you in choosing the right legal form and applying for all necessary permits. We help you to optimally utilise Georgia's tax advantages and successfully establish your business.
Mobile in Georgia: Führerschein und Fahrzeugzulassung
If you want to be mobile in Georgia, you will need either a valid driving licence or have to register your vehicle. There are some important points to consider to ensure that you are travelling legally.
Validity of foreign driving licences in Georgia
EU driving licences are generally recognised in Georgia. However, it is important to know how long your driving licence is valid and whether you need to have it converted. According to Auswandern Info, the EU driving licence is accepted.
Requirement to convert or obtain a Georgian driving licence for long-term stays
For long-term stays, it may be necessary to convert your driving licence or obtain a Georgian driving licence. Be sure to check the applicable regulations and deadlines in good time to avoid fines or other consequences.
Process of vehicle registration and insurance
If you want to register a vehicle in Georgia, you will need certain documents and proof. These include the vehicle registration document, purchase contract and insurance certificate, among others. Fees are also incurred for registration. Find out in advance about the exact requirements and costs.
Technical inspection and environmental requirements
There are also technical inspections and environmental requirements for vehicles in Georgia. Ensure that your vehicle meets the applicable standards to avoid issues with registration or on the roads. GoMovin supports you with all questions concerning driving licences and vehicle registration in Georgia.
Regulated Professions: Securing Recognition of Foreign Qualifications
If you wish to work in a regulated profession in Georgia, you need to have your foreign professional qualifications recognised. This applies, for example, to doctors, lawyers, and architects. There are specific procedures and requirements that you must meet.
Regulated professions and their requirements
The requirements for recognising professional qualifications can vary depending on the profession. Check with the relevant authorities about the specific requirements for your profession. GoMovin can assist you in finding the right contacts and guide you through the recognition process.
Responsible authorities and contacts for information
There are various authorities and organisations that can provide information on the recognition of professional qualifications. These include, for example, Georgian embassies and consulates, relevant ministries, and professional chambers. Use these resources to obtain comprehensive information.
Recognition of foreign professional qualifications
The recognition process generally includes the assessment of your diplomas and certificates and, if necessary, additional training or further education. It is important to submit all required documents and meet the deadlines. GoMovin supports you in compiling the documents and communicating with the authorities.
Procedures for the recognition of diplomas and certificates
The procedure for recognising diplomas and certificates can be complex. It is advisable to seek professional assistance to avoid errors and expedite the process. GoMovin collaborates with experienced experts who can help you with the recognition of your professional qualifications.
With the right preparation and support, you can have your foreign professional qualifications recognised in Georgia and successfully work in your profession. GoMovin is here to support you.
Tax Compliance: Avoid Double Taxation
The tax system in Georgia offers many advantages but also a few pitfalls. It is important to address the tax aspects early on to avoid double taxation and make the most of all benefits.
Tax Residency and Obligations in Georgia
If you are a resident in Georgia, you are generally subject to Georgian tax obligations. This means you must declare your income from Georgian and foreign sources. However, there are certain exceptions and regulations you should be aware of.
Territorial Tax System: What Does It Mean for Expats?
Georgia has a territorial tax system. This means that only income earned in Georgia is taxed. For expats, this can be advantageous as income from foreign sources may not be taxed. However, it is important to understand the specific rules and seek professional advice.
Taxation of Income from Georgian and Foreign Sources
Taxation of income from Georgian and foreign sources can be complex. Various factors must be considered, such as the type of income, the amount of income, and double taxation agreements. GoMovin is here to assist you with all your tax queries.
Avoiding Tax Traps
There are a few tax traps you should avoid. These include, for example, withholding tax on foreign services and the peculiarities of the double taxation agreement with the USA. Careful planning and professional advice are essential to save on taxes and avoid legal issues.
Double Taxation Agreement (DTA) with the USA: Special Features and Pitfalls
The Double Taxation Agreement (DTA) with the USA has some special features and pitfalls. According to Goodbye Matrix, royalties and interest income from the USA are exempt from withholding tax, while dividends are subject to 30% withholding tax. It is crucial to know these regulations to optimise your tax situation.
Withholding Tax on Foreign Services
Payments for services rendered outside Georgia may incur a withholding tax. This is usually 10% or 15%. However, there are ways to avoid or reduce this tax. GoMovin is happy to advise you on this topic.
Importance of Substance for Tax Treatment
The substance of your company plays an important role in tax treatment. For instance, if you establish a company in Georgia, it is crucial that it is genuinely active in Georgia and has the appropriate infrastructure. Otherwise, there may be issues with the tax authorities. GoMovin supports you in building a solid substance for your company.
Successful Move: Checklist and Practical Tips
A move to Georgia requires careful planning and preparation. With our checklist and practical tips, you can ensure your move goes smoothly and you quickly settle into your new home.
Checklist for Preparing Your Move
Our checklist includes all the important steps you should take before moving. These include applying for visas and residence permits, opening a bank account in Georgia, and finding suitable accommodation. GoMovin supports you in implementing all points on the checklist.
Applying for Visas and Residence Permits: Make sure you have all the necessary documents together and submit the applications in good time.
Opening a Bank Account in Georgia: A Georgian bank account is essential for your financial transactions in the country.
Finding Suitable Accommodation: Whether it's an apartment or a house, find accommodation that meets your needs.
Applying for Visas and Residence Permits
The application for visas and residence permits is an important step in preparing for your move. Get informed early about the different types of visas and residence permits and ensure you have all the required documents together. GoMovin assists you with the application process and provides guidance and support.
Opening a Bank Account in Georgia
A bank account in Georgia is essential for your financial transactions in the country. Compare the different banks and account models and choose the one that suits your needs. GoMovin helps you open a bank account and advises you on all matters regarding finances.
Finding Suitable Accommodation
Finding suitable accommodation can be challenging, especially if you don't speak the language. Use online portals and local real estate agents to find an apartment or house that suits your needs. GoMovin supports you in your search and helps you make the right choice.
Useful Contacts and Resources
There are many useful contacts and resources that can help you with your move to Georgia. These include Georgian embassies and consulates, local authorities and advice centres, as well as expat communities and networks. Use these resources to gather information and make connections. GoMovin is happy to provide you with a list of all important contacts and resources.
Georgian Embassies and Consulates
The Georgian embassies and consulates are the first points of contact for all questions related to moving to Georgia. Here you can get information about visas, residence permits and other important topics. GoMovin assists you in contacting them and helps you gather all the necessary documents.
Local Authorities and Advice Centres
The local authorities and advice centres can help you integrate into Georgia. Here you can get information on topics such as taxes, health insurance, and education. GoMovin supports you in making contact and helps you get oriented in Georgia.
Expat Communities and Networks
Expat communities and networks are a valuable resource for anyone moving to Georgia. Here you can make contacts, share experiences, and support each other. GoMovin is happy to connect you with expat communities and networks in Georgia.
Your new start in Georgia: Get professional help now
Moving to Georgia is a significant step that requires careful planning. However, with the right preparation and support, you can ensure your fresh start is successful and that you quickly settle into your new home.
Summary of Key Points
In this article, we have provided you with a comprehensive overview of all the important aspects related to the topic of "moving to Georgia license". We have shown you what permits you need for your stay, how to establish a business, and the tax benefits Georgia offers. We have also offered practical tips and resources for your move.
Importance of Timely Information and Planning
It is crucial to get informed in a timely manner and plan your move carefully. This is the only way to ensure that you obtain all the necessary permits, make the most of tax benefits, and quickly settle into your new home. GoMovin supports you at every stage and offers guidance and assistance.
Recommendation for Seeking Professional Advice
We recommend seeking professional advice to avoid mistakes and maximise all benefits. GoMovin has an experienced team of experts who can assist you with all matters related to moving to Georgia.
Moving to Georgia offers great potential for economic growth and personal development. Seize this opportunity and embark on your new life successfully! GoMovin is here to support you.
Planning a move to Georgia? Timely information and planning are crucial for a successful start. At GoMovin, we offer comprehensive advice and support to make your move as smooth as possible.
With our expertise in planning and logistics, we ensure you feel comfortable from the start. We assist you in applying for the necessary permits, finding suitable accommodation, and resolving all tax issues.
Invest in your future and take advantage of the numerous benefits Georgia has to offer. Contact us today to start your personalised consultation and plan your move to Georgia professionally. Get in touch now and let us shape your fresh start together!
Further useful links
Euro Georgia Business and Residential Law offers services and information on residence permits in Georgia.
LTA.ge provides information on necessary licenses and permits for specific business activities in Georgia.
FAQ
What types of residence permits are available in Georgia and which one is right for me?
There are various types of residence permits, including work permits (requires a minimum company turnover of 50,000 GEL per employee), investment-based permits (property purchase from 100,000 USD) and the HNWI status (High Net Worth Individual). The choice depends on your individual circumstances and financial capabilities. GoMovin can advise you on selecting the appropriate permit.
How can I, as an IT entrepreneur, benefit from the tax advantages in Georgia?
As an IT entrepreneur, you can set up an IT LLC (Virtual Zone) and benefit from a 0% tax on foreign IT income. There is only a 5% withholding tax on dividends. This makes Georgia an attractive location for IT specialists and companies.
What taxes apply to micro-businesses in Georgia?
Micro-businesses benefit from an income tax of only 1%, as long as turnover does not exceed 500,000 GEL. This is particularly attractive for small businesses and the self-employed.
How long is my EU driving licence valid in Georgia and do I need to convert it?
EU driving licences are generally recognised in Georgia. However, for long-term stays, it may be necessary to convert the licence or obtain a Georgian driving licence. Make sure to check the applicable regulations and deadlines in good time.
What documents do I need to apply for a residence permit?
To apply for a residence permit, you typically need a valid passport, a passport photo, proof of sufficient financial means, and proof of rental or ownership. The exact requirements can vary depending on the type of permit.
What is HNWI status and what benefits does it offer?
The HNWI status (High Net Worth Individual) offers the benefit of the 183-day residency requirement being waived. However, you must meet certain financial criteria, such as a minimum annual income of 200,000 GEL or assets of at least 500,000 USD in a Georgian bank.
Where can I find information on special permits for specific business activities?
Information on special permits for specific business activities can be found on the website LTA.ge. It is important to inform yourself early about the necessary permits to avoid delays.
How can GoMovin help me with my move to Georgia?
GoMovin offers you comprehensive relocation assistance, covering all aspects of your move – from planning to logistics. We support you in applying for the necessary permits, finding suitable accommodation, and clarifying all tax-related questions.
