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Moving to Georgia DMV: Your stress-free new start in the land of hospitality!
Dreaming of a fresh start in Georgia? The country entices with tax advantages and a high quality of life. However, a move needs to be well-planned. GoMovin supports you every step of the way – from the initial consultation to successful integration. Contact us here for a non-binding consultation and find out how we can make your move to Georgia a success.
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Dreaming of a fresh start in Georgia? The country entices with tax advantages and a high quality of life. However, a move needs to be well-planned. GoMovin supports you every step of the way – from the initial consultation to successful integration. Contact us here for a non-binding consultation and find out how we can make your move to Georgia a success.
Dreaming of a fresh start in Georgia? The country entices with tax advantages and a high quality of life. However, a move needs to be well-planned. GoMovin supports you every step of the way – from the initial consultation to successful integration. Contact us here for a non-binding consultation and find out how we can make your move to Georgia a success.
Dreaming of a fresh start in Georgia? The country entices with tax advantages and a high quality of life. However, a move needs to be well-planned. GoMovin supports you every step of the way – from the initial consultation to successful integration. Contact us here for a non-binding consultation and find out how we can make your move to Georgia a success.
Planning a move to Georgia? Discover everything about visa regulations, tax benefits, real estate, and how GoMovin makes your relocation seamless.
Planning a move to Georgia? This guide provides you with a comprehensive overview of all the important aspects you need for a successful new start in the country of hospitality. From visa regulations and tax benefits to cost of living – we prepare you optimally for your new life.
Georgia is becoming increasingly popular as a destination for relocation, and for good reason. The country not only offers a rich culture and stunning nature but also attractive economic conditions. Especially for German citizens considering a move, there are many advantages to discover.
This article is aimed at anyone who is planning a move to Georgia or already considering it. Whether you want to benefit from the tax advantages as an entrepreneur, are looking for a new home as a family, or want to spend your retirement in a hospitable country as a pensioner – here you will find the answers to your questions. GoMovin supports you in making your move to Georgia DMV smooth and stress-free. Find out more about our moving assistance.
Visa and Residence: Use 360 days visa-free
The visa requirements are an important aspect when planning your move to Georgia. For EU citizens, entry is initially straightforward: you can stay in Georgia for up to 360 days visa-free with a passport or ID card. This allows you to get to know the country and make all necessary preparations for a longer stay.
However, it is important to note that after the 360 days have elapsed, you must leave the country to take advantage of the visa-free policy again. Without a residence permit, a permanent stay is not possible. Information about immigration visas can be found on wohnsitzausland.com. There are various ways to obtain a residence permit to live long-term in Georgia.
One possibility is through marriage or a family connection to a Georgian citizen. Another option is property investment. If you invest at least 300,000 USD in Georgian real estate and hold it for at least five years, you can apply for a residence permit. GoMovin supports you in planning your move and helps you take the necessary steps to apply for a residence permit.
Secure tax advantages: How to benefit in Georgia
Georgia offers attractive tax advantages, which are particularly appealing to entrepreneurs and self-employed individuals. A significant benefit is the territorial tax principle. This means that passive foreign income, such as royalties and dividends, are tax-free in Georgia, provided they are not managed from Georgia. This can enable significant savings.
The taxation of active income in Georgia is also comparatively favourable. Generally, active income earned in Georgia is subject to tax. However, there are special regulations that allow a reduction to 3% or even 1%, particularly for small or micro enterprises. These low tax rates make Georgia an attractive location for businesses.
The corporation tax in Georgia is 15% on distributed profits. However, there are exceptions in industrial free zones, where 0% tax applies (except for employee income tax). Special conditions also apply to IT companies in the so-called "Virtual Zone": here, there is 0% corporate tax and VAT and 5% dividend tax. Wealthy individuals also benefit: they can obtain tax residency in Georgia without physical presence and take advantage of favourable tax rules. GoMovin provides comprehensive advice on all tax aspects of your move to Georgia.
Lower Cost of Living: How to Save When Moving
Another advantage of moving to Georgia is the low cost of living compared to Germany. This affects many aspects of daily life, from groceries and transportation to leisure activities. The difference is particularly noticeable in property prices.
Property prices in Georgia are significantly cheaper than in Germany. For a high-quality apartment, you can expect to pay around €1,000/sqm. This makes it possible to purchase a property in Georgia that would be unaffordable in Germany. However, it's important to note that salaries in Georgia are also lower. Therefore, moving to Georgia is especially attractive for individuals with foreign income. If you are planning to emigrate to Georgia, you will find more useful information on our site.
The low cost of living and the affordable property prices make Georgia an attractive destination for expatriates. GoMovin supports you in finding the right property and helps you feel at home in your new residence. We offer customized logistics for your move.
Open a Bank Account: Easy Banking in Georgia
The opening of a bank account in Georgia is generally straightforward for foreigners. You simply need your passport and, if necessary, proof of residence in Georgia. Many banks also offer online banking, which makes managing your finances easier. It is advisable to research the various banks and their offers in advance to find the one that suits you best.
It is important to note, however, that Georgia is expected to participate in the OECD CRS from September 2023. This will impact financial transparency. Under the Common Reporting Standard (CRS), information about accounts held by foreigners will be automatically sent to the tax authorities in their home country. This aims to combat tax evasion. GoMovin advises you on all financial aspects of your move to Georgia.
Participation in the OECD CRS means you will need to properly declare your income and assets in Georgia. It is advisable to learn about the applicable tax laws in advance and consult a tax advisor if necessary. For more information on living in Georgia, visit wohnsitzausland.com.
Education and Health: Well-Provided for in Georgia
When moving to Georgia with children, the school system is an important aspect. In Georgia, school attendance is mandatory until the age of 16. The public schools teach in Georgian. However, there are also international schools offering education in other languages, such as the German School in Tbilisi. The costs for the German School are about €5,000/year for primary school. Homeschooling is not permitted in Georgia.
Healthcare in Georgia is another key point. For non-residents, a private health insurance is required. It is advisable to research the various insurance providers and their services in advance. The quality of medical care can vary depending on the region and facility. Generally, there is good medical care in the larger cities. GoMovin supports you in selecting the right health insurance and helps you navigate the Georgian healthcare system.
It is important to gather information about education and healthcare in Georgia beforehand to ensure you and your family are well taken care of. We are happy to assist you in planning your move. Note that there is no threat of political persecution in Georgia, as reported by the BMI.
Planning a Move: Checklist for a Smooth Start
Planning and preparation are crucial for a successful move to Georgia. A meticulous checklist helps you consider all important aspects and ensures nothing is forgotten. Key points include clarifying visa requirements, taking out health insurance, opening a bank account, and organizing property matters. It's also advisable to acquire basic knowledge of the Georgian language.
If you have an existing business, you must also take into account the tax and legal aspects. It is recommended to seek advice from an expert to ensure compliance with all applicable laws and regulations. GoMovin assists you with all inquiries regarding your move to Georgia and helps ensure a smooth start in your new life. Further tips for preparation can be found in our checklist for expatriates.
Preparing for a move requires time and effort. However, with good planning and the support of GoMovin, you can ensure that your move to Georgia DMV is a complete success. Take advantage of our expertise for stress-free move planning.
Conclusion: Use Georgia as an opportunity for a fresh start
Georgia offers many attractive advantages for expatriates, especially for German citizens. The tax benefits, low cost of living and visa-free entry make the country an appealing destination for a fresh start. With careful planning and the support of GoMovin, you can successfully organise your move to Georgia and take advantage of the diverse opportunities the country offers.
The future developments in Georgia are promising. The country is continuously evolving and offers potential in various sectors, from tourism and technology to agriculture. It's worth keeping an eye on the trends and opportunities and actively engaging with Georgian society. Start planning your move to Georgia DMV with our support now.
Are you ready for your fresh start in Georgia? GoMovin is here to provide you with comprehensive advice and support. We simplify the relocation process, making international relocation stress-free, efficient, and personalised. Our all-in-one solution includes personal consultation, legal support, real estate services, and cultural integration. Contact us today for a non-binding consultation and find out how we can assist you with your move to Georgia. Contact us here!
Further useful links
The Wikipedia offers a comprehensive overview of Georgia, its history, culture, and geography.
The World Bank provides an overview of Georgia's economic development and relevant data.
FAQ
Welche Dokumente benötige ich für einen Umzug nach Georgien?
For relocation to Georgia, you generally need a valid passport or ID card (for EU citizens), possibly a visa (for longer stays), proof of sufficient financial means, and possibly documents for applying for a residence permit (e.g. marriage certificate, real estate purchase agreement).
Wie finde ich eine passende Wohnung oder ein Haus in Georgien?
You can search online on real estate platforms, hire a local real estate agent, or contact construction companies directly. GoMovin supports you in finding real estate and helps you feel at home in your new place.
Welche Steuervorteile bietet Georgien für Unternehmer?
Georgia offers a territorial tax principle, which exempts passive foreign income from taxes as long as it is not managed from Georgia. There are also special regulations for small and micro businesses, allowing for a reduction of the tax burden to 3% or even 1%.
Wie funktioniert die Gesundheitsversorgung in Georgien?
For non-residents, a private health insurance is required. It is advisable to research the various insurance providers and their services in advance. The quality of medical care can vary depending on the region and facility.
Wie eröffne ich ein Bankkonto in Georgien?
To open a bank account, you usually need your passport and possibly proof of residency in Georgia. Many banks also offer online banking.
Welche Möglichkeiten gibt es, eine Aufenthaltsgenehmigung in Georgien zu erhalten?
One possibility is marriage or a family connection to a Georgian citizen. Another option is a real estate investment of at least 300,000 USD, which must be held for a minimum of five years.
Wie finde ich eine internationale Schule für meine Kinder in Georgien?
In Georgia, there are international schools offering instruction in other languages, such as the German School in Tbilisi. The costs for the German School are about €5,000/year for primary school.
Welche Auswirkungen hat die OECD CRS Teilnahme Georgiens auf meine Finanzen?
As of September 2023, Georgia is expected to participate in the OECD CRS. This means that information about accounts of foreigners will be automatically transmitted to the tax authorities of their respective home countries. You must properly declare your income and assets in Georgia.
