umziehen-nach-deutschland-von-uk-voraussetzungen
umziehen-nach-deutschland-von-uk-voraussetzungen
umziehen-nach-deutschland-von-uk-voraussetzungen
Moving to Georgia from Florida: Your Stress-Free Fresh Start with GoMovin!
Dreaming of a fresh start in Georgia? Take advantage of attractive tax benefits and a high quality of life. GoMovin makes your relocation from Florida to Georgia as easy as possible. We offer comprehensive advice and support in all matters. Learn more about our tailored relocation services on our contact page.
The topic short and concise
Dreaming of a fresh start in Georgia? Take advantage of attractive tax benefits and a high quality of life. GoMovin makes your relocation from Florida to Georgia as easy as possible. We offer comprehensive advice and support in all matters. Learn more about our tailored relocation services on our contact page.
Dreaming of a fresh start in Georgia? Take advantage of attractive tax benefits and a high quality of life. GoMovin makes your relocation from Florida to Georgia as easy as possible. We offer comprehensive advice and support in all matters. Learn more about our tailored relocation services on our contact page.
Dreaming of a fresh start in Georgia? Take advantage of attractive tax benefits and a high quality of life. GoMovin makes your relocation from Florida to Georgia as easy as possible. We offer comprehensive advice and support in all matters. Learn more about our tailored relocation services on our contact page.
Planning your move to Georgia from Florida? Learn all about tax benefits, quality of life, and how GoMovin supports you. Find out more now!
Planning a move to Georgia from Florida? This step can be exciting but also comes with its challenges. At GoMovin, we understand that an international move is more than just transporting goods. It's about starting a new chapter in your life. We offer you an all-in-one solution that simplifies the entire process, from initial planning to successful integration into your new home.
In recent years, Georgia has become an attractive destination for expatriates, especially for retirees, entrepreneurs, and IT professionals. The country entices with tax advantages, a high quality of life, and low cost of living. However, careful planning is essential before you pack your bags. We help you weigh the pros and cons and make the right decisions. Learn more about our tailored relocation planning.
A move to Georgia from Florida requires detailed preparation. We support you in all steps, from applying for the necessary visas and residency permits to finding the right property. Our experts know the local conditions and help you settle in your new home quickly. We offer you personal assistance tailored to your individual needs.
Tax benefits in Georgia: Up to 0% tax for IT companies
One of the main reasons why many people choose to move to Georgia from Florida is the attractive tax benefits. Georgia follows a territorial tax principle, which means that foreign income is generally tax-free for individuals. This is particularly appealing to those with income from rentals, capital gains, or self-employment abroad. Detailed information can be found on wohnsitzausland.com.
Georgia also offers attractive incentives for businesses. Small businesses benefit from reduced tax rates of 1% on turnover up to GEL 500,000. Particularly attractive is the zero percent tax for IT companies located in the so-called "Virtual Zone". This regulation makes Georgia an attractive location for technology companies operating internationally. We are happy to advise you on the tax aspects of relocating your business.
Wealthy individuals also have the option to apply for a tax residence in Georgia without meeting the usual 183-day presence requirement. However, this is subject to certain conditions, such as proof of a certain level of income or assets. It is important to note that the credibility of the residence in the eyes of the tax authorities in the previous country of residence is crucial. Therefore, careful planning and consultation are essential.
High quality of life in Georgia: Low costs, warm summers
In addition to tax benefits, Georgia also impresses with a high quality of life. The country offers a diverse landscape, from the coasts of the Black Sea to the mountains of the Caucasus. The climate is pleasant, with long, warm summers and mild winters. Georgian culture is rich in traditions and hospitality, which makes integration easier for expatriates. Georgia.org offers further insights into the quality of life.
Another advantage is the significantly lower cost of living compared to the USA, particularly Florida. Real estate, utilities, and taxes are considerably cheaper in Georgia. However, you should also consider that salaries in Georgia are generally lower than in the USA. This is less relevant if you have foreign income. We help you realistically assess the cost of living.
The infrastructure in Georgia is well-developed, especially in the capital Tbilisi. Hartsfield-Jackson Atlanta International Airport provides good connectivity to the rest of the world. The Atlanta metropolitan area is the ninth largest in the USA and offers a mix of urban and rural lifestyles. This makes Georgia an attractive destination for people who appreciate both the advantages of a modern city and the tranquility and beauty of nature.
Visa and Residence Permit: 360 days visa-free in Georgia
For a move to Georgia from Florida, you will need the appropriate visas and residence permits. EU citizens can stay in Georgia visa-free for 360 days. It is likely that this arrangement also applies to US citizens, but this should be confirmed in advance. After this period, you must leave the country or apply for a residence permit. You can find more information about the length of stay here.
One way to obtain a permanent residence permit is by making a property investment of at least USD 300,000, which must be held for at least five years. There are also other ways to apply for a residence permit, such as through employment or setting up a business. We support you in applying for the necessary documents and advise you on the various options.
The school system in Georgia is compulsory, and currently, there is no provision for homeschooling. However, there are international schools, such as the German School in Tbilisi, with costs around 5,000 EUR annually. These schools offer a good alternative for families who value an international education.
Real estate market in Georgia: Affordable prices, purchase preferred
The real estate market in Georgia is significantly cheaper compared to Florida. In Georgia, it is more common to buy rather than rent property. Prices vary depending on the region, with Tbilisi and Batumi being the most expensive cities. However, outside the major cities, property prices are significantly lower.
As previously mentioned, an investment in real estate can be a way to obtain a residence permit. The minimum investment is USD 300,000, and the property must be held for at least five years. This option is particularly attractive for individuals wishing to live in Georgia long-term and who have the necessary capital. We assist you in finding the right property and initiating the necessary steps to apply for the residence permit.
It is important to thoroughly research the local market before purchasing property and, if necessary, consult a local real estate expert. We work with experienced partners on site who will assist you in finding the right property.
Moving away from Florida: No state income tax
When moving to Georgia from Florida, you should also consider the tax implications of leaving Florida. In Florida, there is no state income tax and inheritance tax. This means that leaving Florida does not result in direct tax disadvantages. However, it is important to consider the potential tax consequences in Georgia and compare them with the benefits.
A particular focus should be on the tax advantages for passive foreign income in Georgia. If you have income from rentals, capital gains, or other foreign sources, you can benefit from a tax exemption in Georgia. It is, however, important to document and prove this income correctly to avoid issues with the tax authorities. We offer comprehensive tax advice to ensure you can take full advantage of all benefits.
It is advisable to seek advice from a tax advisor before moving to analyse the individual tax impacts and develop the optimal strategy. We work with experienced tax advisors who specialise in international tax issues.
Healthcare and Banking: Simple Account Opening
The healthcare in Georgia is up to European standards for standard treatments. However, private health insurance is required for non-residents. It is advisable to inform yourself about the different insurance options before moving and to take out suitable insurance.
The banking for foreigners in Georgia is relatively straightforward. Opening a bank account is usually possible without any problems, and there is a range of banks offering services to international customers. However, it's important to be informed about potential fees and requirements. We assist you in finding the right bank account and completing the necessary formalities.
It is advisable to research various banks before opening an account and compare the conditions. We collaborate with local banks to help you with opening an account.
Corporate Relocation: Minimise Exit Tax through Early Planning
If you are planning to relocate your business to Georgia, timing is crucial for minimising your exit tax. The exit tax is due when you move your business abroad and realise hidden reserves. The earlier you relocate your business, the lower the exit tax is likely to be, as the value of the business at the time of relocation is generally lower. Easydigitax.de offers further insights into business relocation.
The exit tax becomes particularly relevant when your business achieves profits over €40,000. Below this threshold, the value of the business is often low enough to avoid substantial exit tax. However, there are cases where valuable assets, such as trademarks or software, can trigger an exit tax. We advise you on the logistical aspects of your business relocation.
Avoiding the exit tax requires careful planning and documentation. There are also innovative solutions to completely avoid the exit tax, such as dual functionality where the activity abroad is entirely new. It is advisable to consult a tax advisor to develop the optimal strategy.
New start in Georgia: Plan your stress-free move now!
A move to Georgia from Florida offers numerous advantages, from tax incentives to a high quality of life and low living costs. However, it is important to be aware of the challenges and to prepare carefully. With GoMovin, you have an experienced partner at your side to support you at every step.
We offer you an all-in-one solution that simplifies the entire moving process, from planning to integration into your new home. Our experts know the local conditions and help you settle quickly into your new environment. We provide personal assistance tailored to your individual needs.
Key Benefits of Moving to Georgia
Here are some of the key benefits you'll gain:
Tax advantages: Take advantage of Georgia's territorial tax system and potential tax exemptions for foreign income.
Low living costs: Enjoy a higher standard of living with significantly lower expenses for real estate, utilities, and taxes.
High quality of life: Experience the hospitality, diverse culture, and breathtaking nature of Georgia.
Keep an eye on the potential changes in Georgia's tax laws and economy. Adaptability and flexibility are crucial for long-term success.
Are you ready for your move to Georgia from Florida? Contact us today for personal advice. We help you to make your move stress-free and ensure a successful new start in Georgia. Start your inquiry now!
Further useful links
Georgia.org offers further insights into the quality of life in Georgia.
Federal Ministry of Labour and Social Affairs (BMAS) provides information and support for German citizens moving abroad.
FAQ
What tax benefits does moving from Florida to Georgia offer?
Georgia offers a territorial tax system, which means foreign income for individuals is generally tax-free. This is particularly attractive for those with income from rental, capital gains, or freelance work abroad. IT companies can benefit from a zero percent tax in the 'Virtual Zone'.
How do the living costs in Georgia compare to Florida?
The cost of living in Georgia is significantly lower than in Florida. Property, utilities, and taxes are considerably cheaper in Georgia. However, you should consider that the average salaries in Georgia are lower.
Do I need a visa to move from Florida to Georgia?
EU citizens can stay visa-free for 360 days in Georgia. It is likely that this arrangement also applies to US citizens, but it should be checked in advance. After this period, you must leave the country or apply for a residence permit.
How can I obtain a permanent residence permit in Georgia?
One way to obtain a permanent residence permit is by making a property investment of at least USD 300,000, which must be held for a minimum of five years. There are also other ways to apply for a residence permit, such as through employment or starting a business.
What is the healthcare system like in Georgia?
The healthcare in Georgia is on a European level for standard treatments. However, private health insurance is required for non-residents.
How does banking in Georgia work for foreigners?
Banking for foreigners in Georgia is relatively straightforward. Opening an account is usually straightforward, and there are a variety of banks offering services to international clients.
What should I consider when relocating a business to Georgia?
The optimal timing is crucial to minimize exit tax. The earlier you relocate your business, generally, the lower the exit tax. Careful planning and documentation are essential.
Are there international schools in Georgia?
Yes, there are international schools, such as the German School in Tbilisi, costing around 5,000 EUR annually. These schools provide a good alternative for families who value an international education.
