Personal support service for individual entrepreneurs in Georgia.
👩💻 Support through personal chat 365 days
📄 Obtain official government documents from Georgia
📉 Quick and easy filing of reports
💳 Tax payment from any bank account or payment system.
☑️ Activation for IE Wise, PayPal or any bank account
✌️ Filing annual reports in a couple of clicks
Reviews:
Valentine T.
⭐⭐⭐⭐⭐
“Highly professional service. Fast response, good knowledge of Georgian law. I opened company in a less then a week, even I'm currently on the other end of the globe)”
Dizarmi
⭐⭐⭐⭐⭐
”5 minutes and the next day the IP is ready, there are still plans to open a bank account. Thank you.”
alex
⭐⭐⭐⭐⭐
Great company and service. Through them I opened an individual entrepreneur in Batumi and 2 bank accounts for individual entrepreneurs in tbc and BoG. Everything is great, I recommend it 👍
Opportunities
Support and Notifications
- You won't miss important events such as monthly or annual reporting, exceeding income limits, ordering documents and more. Use the personalized support chat for steady entrepreneurial activity.
Convenient Payment of Taxes and Subscriptions
- We have integrated TBC payments for the convenience of our customers. Pay taxes, services and subscriptions with any Visa or Mastercard bank card.
Secure Data Collection and storage
- We use Amazon web services to collect, process and store information, so our customers' data is secure.
Technology over routine
- The technology that makes up the service, simplifies the tax filing and payment process so you can spend more time on personal matters and less time - bookkeeping.
We've created a support service so you don't waste time on mundane tasks and feel relaxed and confident doing your business.
Pricing:
Monthly
₾69/$25
- Personal Chat
- Notifications
- Filing reports
- Tax payment
- Ordering of Documents
- Small business status activation
- Annual Reporting
Connect
Annual
$250/₾690 a year
- Personal Chat
- Notifications
- Filing reports
- Tax payment
- Ordering of Documents
- Small business status activation
- Annual Reporting
Connect
Small Business Georgia support service:
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According to Georgian law, any person of legal age has the right to register as an individual entrepreneur (IE), regardless of race, color, religion, citizenship, or anything else.
A sole proprietor has the right to engage in all types of economic activities, except for those that require special permits or licenses.
A sole proprietor exercises his rights and fulfills his obligations in entrepreneurial relations as a natural person. A sole proprietor is personally liable to the creditor with all his property for the obligations arising from his entrepreneurial activity, unless otherwise provided by the agreement between the sole proprietor and the creditor (except for standard contractual terms defined by the Civil Code of Georgia).
To become an individual entrepreneur in Georgia, you need to submit an application to the Public Service Hall in any city where it is present.
According to the tax legislation, an individual entrepreneur in Georgia is required to declare annual income by April 1 of the current year for the previous year, regardless of the presence or absence of preferential tax regimes that have their own reporting rules and tax payment schedules.
Small Business Status in Georgia is a preferential tax regime (1% tax) available to individual entrepreneurs registered in Georgia engaged in one of the compatible types of activities associated with this status.
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Software development
Digital content creation
Marketing
Online trading
and 300+ other professions
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Activities requiring licensing or permits, except for activities related to Permits for private M1 category cabs traveling in the capital city of Georgia;
Activities the realization of which requires significant capital investments (production of excisable goods);
Carrying out currency exchange operations;
Medical, architectural, legal or notary, auditing, consulting (including tax) activities;
Gambling;
Recruiting
Production of excisable goods.
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For an individual entrepreneur with a small business status, there is a limit on income that should not exceed 500,000 lari (~$190,000) per year. If the limit is not exceeded, the tax rate is 1% of the income. If the limit is exceeded in the first year, the tax rate will become 3%, and if it is exceeded again in the second year, the small business status will be revoked and the tax will increase to 20%.
Every month, an individual entrepreneur in Georgia with small business status must declare income and pay taxes. The tax period lasts for the first 15 days of the month. It is necessary to provide transactions for the previous month that are related to income from the professional activity of an individual entrepreneur with small business status for reporting purposes.
It is important to remember that the status of a small business is activated from the 1st day of the following month after the date of application for the status. In other words, if the application is submitted in September, the status of a small business will be activated from October 1st, and all business transactions received before the activation of the small business status will be subject to a 20% tax.
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According to the laws of Georgia, an individual entrepreneur in Georgia is required to have an account for settlements with customers of their services or clients. It is possible to use an account in a Georgian bank, an international bank, or an account in a payment system.
Bank accounts in Georgia are multi-currency (Georgian national currency, US dollar, British pound, and euro). Georgian legislation allows the use of personal or business accounts in Georgian banks for settlements with service providers or clients.
To remotely open an account, you will need to send a power of attorney, the text of which is with your assistant. When the original power of attorney and passport copies arrive in Tbilisi, the Assistant will submit an application to open the account and order a Bank card, after which the card will be sent by DHL express delivery service.
An international account is an account in banks located outside of Georgia. You have the right to use such an account for settlements with your clients as an individual entrepreneur in Georgia (excluding banks that are not members of FATF and the grey and black lists of FATF). In addition to traditional banks, this can be a digital bank or a payment system such as PayPal, Wise, etc.