{"id":3549,"date":"2020-05-26T09:15:09","date_gmt":"2020-05-26T09:15:09","guid":{"rendered":"http:\/\/devskey.com\/?p=3549"},"modified":"2021-04-07T19:02:02","modified_gmt":"2021-04-07T19:02:02","slug":"should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021","status":"publish","type":"post","link":"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/","title":{"rendered":"Should you Register Company in Georgia, Country in 2021?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87_1 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents of this Post<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#Why_should_I_register_my_company_in_Georgia_in_2021\" >Why should I register my company in Georgia in 2021?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#What_Kind_of_Businesses_are_Tax_Free_in_Georgia\" >What Kind of Businesses are Tax Free in Georgia?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#What_about_taxes_if_I_do_not_have_any_Business_in_Georgia_and_all_my_clients_are_foreign_clients_Do_I_still_pay_15\" >What about taxes if I do not have any Business in Georgia and all my clients are foreign clients? Do I still pay 15%?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#What_about_bank_account_can_I_have_my_debit_card_without_coming_to_Georgia_or_do_I_need_travel_to_pick_it_up\" >What about bank account ? can I have my debit card without coming to Georgia or  do I need travel to pick it up?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#What_about_VAT_for_invoices_that_is_for_foreign_clients_VAT_or_VAT_Free\" >What about VAT for invoices that is for foreign clients? VAT or VAT Free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#If_we_decide_to_start_how_long_will_it_take_to_complete_everything_meaning_formation_and_opening_of_bank_accounts\" >If we decide to start, how long will it take to complete everything, meaning formation and opening of bank accounts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#Who_can_open_company_in_Georgia_Citizenship_or_Nationality_based_restrictions_on_opening_company_in_Georgia\" >Who can open company in Georgia? Citizenship or Nationality based restrictions on opening company in Georgia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#Can_I_open_Personal_Bank_Account_in_Georgia_without_visit_the_country_Is_opening_Bank_Account_allowed_remotely\" >Can I open Personal Bank Account in Georgia without visit the country? Is opening Bank Account allowed remotely?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#What_are_the_monthly_and_annual_costs_of_establishing_a_company_and_maintaining_a_company\" >What are the monthly and annual costs of establishing a company and maintaining a company ?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#How_many_days_in_a_year_I_need_to_stay_in_Georgia_in_order_to_maintain_visa\" >How many days in a year I need to stay in Georgia in order to maintain visa?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#Do_we_need_a_virtual_office_and_what_are_the_annual_fees_for_the_virtual_office\" >Do we need a virtual office? and what are the annual fees for the virtual office?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#Should_I_start_Individual_Entrepreneurship_Business_in_Georgia\" >Should I start Individual Entrepreneurship  Business in Georgia?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#Which_Legal_Form_should_I_chose_to_start_Business_in_Georgia_LLC_or_Individual_Entrepreneurship\" >Which Legal Form should I chose to start Business in Georgia? LLC or Individual Entrepreneurship?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#Can_I_open_Company_and_Bank_account_in_Georgia_Remotely_Without_Traveling_to_Georgia\" >Can I  open Company and Bank account in Georgia Remotely? Without Traveling to Georgia?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#How_quickly_company_can_be_formed_remotely\" >How quickly company can be formed remotely?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#Is_it_a_mandatory_to_have_a_legal_address_for_Georgian_Company\" >Is it a mandatory to have a legal address for Georgian Company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#Is_it_mandatory_to_have_actual_office_in_Georgia_where_I_will_receive_post_and_emails\" >Is it mandatory to have actual office in Georgia where I will receive post and emails?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#does_%22becoming_a_resident%22_mean_I_have_to_be_in_Georgia_over_183_days_a_year\" >does \"becoming a resident\" mean I have to be in Georgia over 183 days a year?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#What_are_the_alternatives_of_opening_bank_account_in_Georgia\" >What are the alternatives of opening bank account in Georgia?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#What_do_accountants_do_in_Georgia\" >What do accountants do in Georgia?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/devskey.com\/de\/should-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021\/#Ready_to_start_company_registration_in_Georgia_Country\" >Ready to start company registration in Georgia, Country?<\/a><\/li><\/ul><\/nav><\/div>\n\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3549\" class=\"elementor elementor-3549\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7e6f04a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7e6f04a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-231f74b\" data-id=\"231f74b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-967e5ee elementor-widget elementor-widget-text-editor\" data-id=\"967e5ee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>I received the questions regarding whether Should you Register Company in Georgia, country daily basis. In this blog, I collected all of them. This blog might be extremely relevant to any foreigner who wants to start a business in Georgia since all these questions are derived from practices. From those people, who wanted to start a business in Georgia and register their companies in Tbilisi, Batumi, or elsewhere.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cadc92f elementor-widget elementor-widget-heading\" data-id=\"cadc92f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Why_should_I_register_my_company_in_Georgia_in_2021\"><\/span>Why should I register my company in Georgia in 2021?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-563f572 elementor-widget elementor-widget-text-editor\" data-id=\"563f572\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0 \u00a0First of all, I would like to mention that during the past year <a href=\"https:\/\/devskey.com\/de\/best-country-to-travel-as-a-digital-nomad\/\">Georgia was one of the selected best countries for digital nomads<\/a>. As it was the safest country during a pandemic. Although some hits of the pandemic, Georgia still remains its status-quo and is still considered as the best place for digital nomads. Besides, Georgia had been mentioned in the safest countries&#8217; list for digital nomads by New York Post. Secondly, Georgia is a country -ranked in the 5th place in the world of starting business easily. Favorable tax regimes and flexible business setup make it definitely worth it to invest in business in 2021.<\/p><p>\u00a0 \u00a0Another significant advantage is than no CFC rules are applied. If you wander what are some of the pros and cons, and furthermore if you don&#8217;t know what CFC (controlled foreign corporation) sets, feel free to <a href=\"https:\/\/devskey.com\/de\/controlled-foreign-corporation-cfc-and-georgia\/\">check our post<\/a> regarding this.\u00a0\u00a0<\/p><p>\u00a0 -Is Georgia member of EU? The answer Not Yet. But along the past decades Georgia has been striving for integration in EU. It has signed some many treats so far and to apply for EU membership in 2024. Georgia already has double-taxation treaties with many European countries and also other characteristics makes Georgia worth to apply.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39796c1 elementor-widget elementor-widget-heading\" data-id=\"39796c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"What_Kind_of_Businesses_are_Tax_Free_in_Georgia\"><\/span>What Kind of Businesses are Tax Free in Georgia?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-196c7c6 elementor-widget elementor-widget-text-editor\" data-id=\"196c7c6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0 \u00a0First of all, I would like to say that if the business isn&#8217;t tax-free anyway, it doesn&#8217;t make us say there aren&#8217;t any tax incentives. Moreover, there are so many tax incentives for micro and small businesses. What about absolutely tax-free business, it is IT Business, you can Check also our blog, where you can find what is exactly what countries are tax-free to <a href=\"https:\/\/devskey.com\/de\/it-business-in-georgia-and-pay-no-taxes-at-all\/\">start your IT business in Georgia<\/a>.\u00a0 \u00a0The countries which aren&#8217;t on the list pay 5% of the Dividend tax.<\/p><p>\u00a0 \u00a0Another tax-free business opportunity is to register your business in free industrial zones in Georgia. It doesn&#8217;t mean that you don&#8217;t have to pay anything, but not with the country authorities, Free industrial zones will impose minimal taxes on you.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4c0b23e elementor-widget elementor-widget-heading\" data-id=\"4c0b23e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"What_about_taxes_if_I_do_not_have_any_Business_in_Georgia_and_all_my_clients_are_foreign_clients_Do_I_still_pay_15\"><\/span>What about taxes if I do not have any Business in Georgia and all my clients are foreign clients? Do I still pay 15%?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-905838b elementor-widget elementor-widget-text-editor\" data-id=\"905838b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0 \u00a0 If you deliver your service outside of Georgia your activities are VAT free. However, yes, you still need to pay corporate income tax on the profit generated with your Georgian Company. In contrast, Some people think that as Georgia has a territorial taxation system, if you start your business in Georgia and generate income from outside Georgia you are tax-free. But that&#8217;s not the case. Simply explained, the territorial taxation system does apply to Individuals Employed Outside of Georgia. Keep in mind that there are several <a href=\"http:\/\/devskey.com\/de\/which-legal-form-to-choose-to-start-a-business-in-georgia-llc-vs-np\/\">legal forms<\/a> that you can choose for starting a company and requirements for them are different in terms of taxation. Also, there are some special regimes within the legal forms too. For LLC such as <a href=\"http:\/\/devskey.com\/de\/it-business-in-georgia-and-pay-no-taxes-at-all\/\">Virtual Zone for IT Companies<\/a> or Micro and Small Business Status for Individual Entrepreneurs.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d554810 elementor-widget elementor-widget-heading\" data-id=\"d554810\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"What_about_bank_account_can_I_have_my_debit_card_without_coming_to_Georgia_or_do_I_need_travel_to_pick_it_up\"><\/span>What about bank account ? can I have my debit card without coming to Georgia or  do I need travel to pick it up?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f2707d6 elementor-widget elementor-widget-text-editor\" data-id=\"f2707d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0 \u00a0Unfortunately, to have your Bank Cards you need to travel to Georgia. hereby, Right now Banks only allow to distribute cards in Person. Furthermore, remote Services for Opening Bank account with Bank Cards are not available at the moment. What we can do is to open a bank account for you and assign a personal banker with whom you can easily communicate any time and who will help you to manage your account. Lastly, I want to say that you will have to come to activate internet banking and request Bank Cards Though.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-baed0b6 elementor-widget elementor-widget-heading\" data-id=\"baed0b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"What_about_VAT_for_invoices_that_is_for_foreign_clients_VAT_or_VAT_Free\"><\/span>What about VAT for invoices that is for foreign clients? VAT or VAT Free?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7516ea elementor-widget elementor-widget-text-editor\" data-id=\"f7516ea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Yes! If you deliver your service outside of Georgia your activities are VAT free.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0bb48c8 elementor-widget elementor-widget-heading\" data-id=\"0bb48c8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"If_we_decide_to_start_how_long_will_it_take_to_complete_everything_meaning_formation_and_opening_of_bank_accounts\"><\/span>If we decide to start, how long will it take to complete everything, meaning formation and opening of bank accounts?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf07dd4 elementor-widget elementor-widget-text-editor\" data-id=\"cf07dd4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0 \u00a0 If you let us know in advance and we have enough time to prepare all the supporting documentation we simply need 2 working days to finalize the company formation procedure. After that, you will need 2 working days to finalize bank account opening with banks. In total, company formation will take half an hour of our time, you need to sign some documents in Public Service Hall and That&#8217;s It and for Bank Account, you need 2 hours approximately to sit and wait until bank officer finalizes the procedure. Finally, It&#8217;s as simple as this with our assistance.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc33505 elementor-widget elementor-widget-heading\" data-id=\"cc33505\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Who_can_open_company_in_Georgia_Citizenship_or_Nationality_based_restrictions_on_opening_company_in_Georgia\"><\/span>Who can open company in Georgia? Citizenship or Nationality based restrictions on opening company in Georgia<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0c17441 elementor-widget elementor-widget-text-editor\" data-id=\"0c17441\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0 \u00a0 In Georgia, there is no such kind of restrictions. I can 100% assure you that Georgia is open for any\u00a0 Country Citizen in terms of Registering a Company. Even more, It is as easy to register a company in Georgia for foreigners as It is for Georgians.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b1583c elementor-widget elementor-widget-heading\" data-id=\"0b1583c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Can_I_open_Personal_Bank_Account_in_Georgia_without_visit_the_country_Is_opening_Bank_Account_allowed_remotely\"><\/span>Can I open Personal Bank Account in Georgia without visit the country? Is opening Bank Account allowed remotely?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b54191 elementor-widget elementor-widget-text-editor\" data-id=\"6b54191\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0 \u00a0Honestly Speaking, nobody can assure you of this and give you a 100% warranty on a successful opening. There is a special department in Banks who makes this decision of opening bank accounts. notably, they treat each and every client individually. Also, the study and evaluate upon their scope of knowledge. Therefore, there is no clear and exact guidelines, checklist of documents where we can say &#8211; If you comply with this you will be\u00a0 able to open personal bank account remotely. If we speak of our experience, sometimes we did indeed succeed and successfully opened bank accounts with full package services such as internet banking and bank cards. However, mainly we are able to open bank accounts with restrictions on internet banking and bank cards. To gain access to internet banking and request bank cards you need to travel to Georgia and do It in Person. If you are willing to pay a visit to Georgia, It is pretty simple to open bank account here. All you need is your passport and one hour of your time. What we can safely offer at this point is to open a bank account and assign a personal banker to you, with whom you can easily communicate and who will help you to manage your account as well as undertake necessary transactions.<\/p><p>If you are interested in this matters, you can watch my most recent video, regarding <a href=\"https:\/\/www.youtube.com\/watch?v=uV6l7ZVGRyI&amp;t=105s\" data-wplink-edit=\"true\">opening a bank account remotely in 2021.<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66699fe elementor-widget elementor-widget-video\" data-id=\"66699fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=uV6l7ZVGRyI&amp;t=105s&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9c3e7ac elementor-widget elementor-widget-heading\" data-id=\"9c3e7ac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"What_are_the_monthly_and_annual_costs_of_establishing_a_company_and_maintaining_a_company\"><\/span>What are the monthly and annual costs of establishing a company and maintaining a company ?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f8d2aea elementor-widget elementor-widget-text-editor\" data-id=\"f8d2aea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0 \u00a0The only Legal Requirement you have after forming your Georgian LLC or any other type of legal entity is to meet taxation requirements. You are legally required to keep bookkeeping and doing declarations for tax authorities monthly basis. For more details on our <a href=\"https:\/\/devskey.com\/de\/english-speaking-accountant-in-georgia\/\">accounting service offer in Georgia refer to go here.<\/a> For more details on <a href=\"https:\/\/www.youtube.com\/watch?v=aTZvFdOEed0&amp;t=73s\">requirements after company establishment, you can see my video.<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2ff99bb elementor-widget elementor-widget-heading\" data-id=\"2ff99bb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"How_many_days_in_a_year_I_need_to_stay_in_Georgia_in_order_to_maintain_visa\"><\/span>How many days in a year I need to stay in Georgia in order to maintain visa?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d2adf65 elementor-widget elementor-widget-text-editor\" data-id=\"d2adf65\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div>\u00a0 \u00a0In order to <a href=\"http:\/\/devskey.com\/de\/changes-in-work-residence-permit-requirements\/\">apply for TR<\/a>, you need to meet a certain turnover threshold. As for legal stay, for work residence permit It is not specified yet. You can apply for a work permit right after you meet the company turnover threshold.\u00a0<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6671251 elementor-widget elementor-widget-heading\" data-id=\"6671251\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Do_we_need_a_virtual_office_and_what_are_the_annual_fees_for_the_virtual_office\"><\/span>Do we need a virtual office? and what are the annual fees for the virtual office?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-073f3cf elementor-widget elementor-widget-text-editor\" data-id=\"073f3cf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0 \u00a0Virtual Office is an Optional Service. Hence, our package for company formation in Georgia includes a <a href=\"http:\/\/devskey.com\/de\/legal-address-for-starting-a-business-in-georgia\/\">legal address<\/a> which is permanent. However, some people still feel like they need to benefit from <a href=\"http:\/\/devskey.com\/de\/virtual-office-service-in-georgia-business-assistant-and-company-address\/\">Virtual Office Services and Business Secretary<\/a> in Georgia, therefore we do provide this service.\u00a0<\/p><h3>What is the difference between the Virtual office and company legal address?<\/h3><p>The difference is that legal address is company address on papers. It is not necessarily the real address. The actual address can be different. The legal address might not even be an actual office. A virtual office includes a real office address, where people can receive post packages and forward calls and posts to you.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b41dd9 elementor-widget elementor-widget-heading\" data-id=\"4b41dd9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Should_I_start_Individual_Entrepreneurship_Business_in_Georgia\"><\/span>Should I start Individual Entrepreneurship  Business in Georgia?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-92995ff elementor-widget elementor-widget-text-editor\" data-id=\"92995ff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0 \u00a0 If you <a href=\"https:\/\/devskey.com\/de\/tax-heaven-pay-just-1-of-tax-for-your-business-register-individual-entrepreneurship-business-in-georgia\/\">establish individual Entrepreneurship in Georgia<\/a>, you are eligible to apply for small business status. With Small Business Status you will have to pay only 1 percent income tax with tax base of Gross Revenue. However, there are some major points to be considered. Individual Entrepreneurship is not Limited Company.<span class=\"Apple-converted-space\">Moreover,\u00a0<\/span>The company ID is assigned to your personal name. So there is not possibility to pick a name for your company. One more major drawback<span class=\"Apple-converted-space\">\u00a0 <\/span>is that your capital is not limited to company capital. In other words, if you start Individual Entrepreneurship and you have liabilities for your company your liabilities are not limited to company capital but your personal capital will be also considered. If you are planning to have legitimate business, Individual Entrepreneurship can be a good match for you. Finally, Majority of the people in Georgia use this scheme as well as some of my clients.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae26643 elementor-widget elementor-widget-heading\" data-id=\"ae26643\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Which_Legal_Form_should_I_chose_to_start_Business_in_Georgia_LLC_or_Individual_Entrepreneurship\"><\/span>Which Legal Form should I chose to start Business in Georgia? LLC or Individual Entrepreneurship?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-54321ef elementor-widget elementor-widget-image\" data-id=\"54321ef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"341\" src=\"https:\/\/devskey.com\/wp-content\/uploads\/2020\/05\/White-Border-Symmetrical-Image-Twitter-Header-1024x341.png\" class=\"attachment-large size-large wp-image-8040\" alt=\"what is the difference between LLC and EI, Should you invest in Georgia, country in 2021?\" srcset=\"https:\/\/devskey.com\/wp-content\/uploads\/2020\/05\/White-Border-Symmetrical-Image-Twitter-Header-1024x341.png 1024w, https:\/\/devskey.com\/wp-content\/uploads\/2020\/05\/White-Border-Symmetrical-Image-Twitter-Header-600x200.png 600w, https:\/\/devskey.com\/wp-content\/uploads\/2020\/05\/White-Border-Symmetrical-Image-Twitter-Header-300x100.png 300w, https:\/\/devskey.com\/wp-content\/uploads\/2020\/05\/White-Border-Symmetrical-Image-Twitter-Header-768x256.png 768w, https:\/\/devskey.com\/wp-content\/uploads\/2020\/05\/White-Border-Symmetrical-Image-Twitter-Header.png 1500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-07341e7 elementor-widget elementor-widget-text-editor\" data-id=\"07341e7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Find below major aspects of forming Limited Liability Company or Individual Entrepreneurship in Georgia.\u00a0 I tried to put it in simplest way possible. For more details on s<a href=\"https:\/\/devskey.com\/de\/which-legal-form-to-choose-to-start-a-business-in-georgia-llc-vs-np\/\">tarting a business in Georgia and Choosing the right legal<\/a> form for it, please refer to this blogpost, I also made a case study for you there.<\/p><table width=\"623\"><tbody><tr><td width=\"160\"><p>Aspect of Difference<\/p><\/td><td width=\"217\"><p>LLC<\/p><\/td><td width=\"246\"><p>Individual Entrepreneurship<\/p><\/td><\/tr><tr><td width=\"160\"><p>Management Body<\/p><\/td><td width=\"217\"><p>Up to Six, possible to change and modify<\/p><\/td><td width=\"246\"><p>Only one, no possibility of modification<\/p><\/td><\/tr><tr><td width=\"160\"><p>Taxation<\/p><\/td><td width=\"217\"><p>Corporate Profit Tax 20% with tax base of net revenue with no Special Regime.<\/p><\/td><td width=\"246\"><p>Corporate Profit Tax with small business status 1% of gross revenue.<\/p><\/td><\/tr><tr><td width=\"160\"><p>Liability<\/p><\/td><td width=\"217\"><p>Limited to Company Assets<\/p><\/td><td width=\"246\"><p>Liable with Individual Assets<\/p><\/td><\/tr><tr><td width=\"160\"><p>Accounting and Taxation Obligation<\/p><\/td><td width=\"217\"><p>Yes<\/p><\/td><td width=\"246\"><p>Yes<\/p><\/td><\/tr><tr><td width=\"160\"><p>VAT \u00a0TAX Obligation<\/p><\/td><td width=\"217\"><p>No VAT on Services Delivered Outside of Georgia.<\/p><\/td><td width=\"246\"><p>No VAT on Services Delivered Outside of Georgia.<\/p><\/td><\/tr><tr><td width=\"160\"><p>Company Name<\/p><\/td><td width=\"217\"><p>Of your Choice<\/p><\/td><td width=\"246\"><p>Company Assigned to your personal name<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e2942e0 elementor-widget elementor-widget-heading\" data-id=\"e2942e0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Can_I_open_Company_and_Bank_account_in_Georgia_Remotely_Without_Traveling_to_Georgia\"><\/span>Can I  open Company and Bank account in Georgia Remotely? Without Traveling to Georgia?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c875eab elementor-widget elementor-widget-text-editor\" data-id=\"c875eab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Yes, you can <a href=\"https:\/\/devskey.com\/de\/international-bank-account-for-your-existing-company-corporate-and-personal\/\">open company and bank account for your company remotely without your prior visit to Georgia.<\/a> Steps for the procedure is as follows:<\/p><p>1.We will Prepare POA for you<\/p><p>2. You need to apostille or legalize this POA\u00a0 TOGETHER WITH PASSPORT.\u00a0<\/p><p>3. Send originals to our address.<\/p><p>The rest we can take care of. One note, unfortunately, banks\u00a0 do not have real clear procedure and guidelines for opening bank account. Each case is evalauted individually and reasons and ground of decision is not public. Mainly, we don&#8217;t face any problems with opening bank account remotely for a Georgian company. However, based on our experience,\u00a0 banks several times required that Company ID needs to be mentioned in the POA, which is impossible to do in advance, before company is formed. So, in worst scenario you will have to send separate POA for banks after company formation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9e2cd4 elementor-widget elementor-widget-heading\" data-id=\"d9e2cd4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"How_quickly_company_can_be_formed_remotely\"><\/span>How quickly company can be formed remotely?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8eb57d2 elementor-widget elementor-widget-text-editor\" data-id=\"8eb57d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Once we receive POA\u00a0 and Passport we need:<\/p><ol><li>2 working days &#8211; to translate and notarize the document.<\/li><li>2 working days &#8211; to apply for company establishment.<\/li><li>3 working days -to finalize setting up bank account.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-00cae95 elementor-widget elementor-widget-heading\" data-id=\"00cae95\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Is_it_a_mandatory_to_have_a_legal_address_for_Georgian_Company\"><\/span>Is it a mandatory to have a legal address for Georgian Company?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d440376 elementor-widget elementor-widget-text-editor\" data-id=\"d440376\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>It is a legally required point for company formation in Georgia to have a Georgian legal address. This is a proof from the landlord that you can use the real estate property owned by him\/her for your company or\u00a0 It is a rent agreement between you two. Of course, You can not establish a company in Georgia without this point. So, answer is that it is mandatory to have a legal address in the process for company establishment in Georgia. Also,\u00a0<span style=\"font-size: 16px\">With legal address base service included in our package you won&#8217;t be able to receive post emails.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b405516 elementor-widget elementor-widget-heading\" data-id=\"b405516\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Is_it_mandatory_to_have_actual_office_in_Georgia_where_I_will_receive_post_and_emails\"><\/span>Is it mandatory to have actual office in Georgia where I will receive post and emails?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e8f6562 elementor-widget elementor-widget-text-editor\" data-id=\"e8f6562\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you like your post or emails to be handled properly you can use <a href=\"https:\/\/devskey.com\/de\/virtual-office-service-in-georgia-business-assistant-and-company-address\/\">virtual office<\/a> service. Hereby, I advice you to\u00a0 use virtual office service for handling incoming post. But,\u00a0 you should also know that in Georgia they do not sent much. Besides, Post Service is not that much used. Surely, Having Virtual Office makes you more professional for 3rd parties, but you have to decide is it or it is not worth for you. The takeaway is that, <a href=\"http:\/\/devskey.com\/de\/legal-address-for-starting-a-business-in-georgia\/\">Legal address<\/a> is a must to form a company in Georgia when <a href=\"http:\/\/devskey.com\/de\/virtual-office-service-in-georgia-business-assistant-and-company-address\/\">virtual address<\/a> is not.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b0d0b23 elementor-widget elementor-widget-heading\" data-id=\"b0d0b23\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"does_%22becoming_a_resident%22_mean_I_have_to_be_in_Georgia_over_183_days_a_year\"><\/span>does \"becoming a resident\" mean I have to be in Georgia over 183 days a year?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2eb388c elementor-widget elementor-widget-text-editor\" data-id=\"2eb388c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>We need to differentiate two types of residence:<\/p><p>1) <a href=\"https:\/\/devskey.com\/de\/changes-in-work-residence-permit-requirements\/\">Work Residence permit<\/a><\/p><p>2) Tax Residence<\/p><p>For a work residence permit, you do not need to stay 183 days in Georgia You can apply as soon as your firm meets the requirements.<\/p><p>If your country imposes a foreign income tax, you are most likely to be interested in tax residency. For tax residency, you indeed need to stay in Georgia for at least 183 days a year.<\/p><p>Now, I understand, for some digital nomads, that&#8217;s not an option. Here is the workaround: You can also obtain. tax residency easier, without staying in Georiga if you are a high net worth individual.<\/p><p>The question logically arose. Who is a high net worth individual?<br \/>According to Georgian legislation, you are considered a high net worth individual once you ear at least 60000 EUR in your home country.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a48910 elementor-widget elementor-widget-heading\" data-id=\"3a48910\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"What_are_the_alternatives_of_opening_bank_account_in_Georgia\"><\/span>What are the alternatives of opening bank account in Georgia?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-02689cc elementor-widget elementor-widget-text-editor\" data-id=\"02689cc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-preserver-spaces=\"true\">After opening a company in Georgia, you can easily open a bank account in other countries, in most countries. Most of our clients, successfully use<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/wise.com\/nl\/?sourceCurrency=BRL&amp;targetCurrency=SHP&amp;sourceAmount=500\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">\u00a0transferwise service.\u00a0\u00a0<\/span><\/a><\/p><p><span data-preserver-spaces=\"true\">Transferwise is a kind of online bank account. Cheap. fast way to send and receive money, as well as to convert it.\u00a0<\/span><\/p><p><span data-preserver-spaces=\"true\">Apart from transferwise, you can open a bank account in many countries, for Georgian business. We help our clients to open a bank account in several countries, such as our Neighboring countries Azerbaijan or Baltic countries &#8211; Lithuania and Latvia<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d7ec4eb elementor-widget elementor-widget-heading\" data-id=\"d7ec4eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"What_do_accountants_do_in_Georgia\"><\/span>What do accountants do in Georgia?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-45eefba elementor-widget elementor-widget-text-editor\" data-id=\"45eefba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-preserver-spaces=\"true\">Long story short, for remote accounting services, we share with you the drive folder. All you need to do to upload the base documentation. Base dcoumentations are:<\/span><\/p><ul><li><span data-preserver-spaces=\"true\">Incoming Invoices<\/span><\/li><li><span data-preserver-spaces=\"true\">Outgoing Invoices<\/span><\/li><li><span data-preserver-spaces=\"true\">Bank Statements<\/span><\/li><\/ul><p><span data-preserver-spaces=\"true\">Once a month accountant needs to send tax declarations to the tax authority. Apart from that, double-entry bookkeeping should be in place, as required by law.<\/span><\/p><p><span data-preserver-spaces=\"true\">For<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/devskey.com\/de\/english-speaking-accountant-in-georgia\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">\u00a0more information regarding the fees associated with accounting service<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0refer to this blog.<\/span><\/p><p><span data-preserver-spaces=\"true\">With our company registration package, first-month account is included.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5d8a59a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d8a59a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7c80f68\" data-id=\"7c80f68\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1bcfa3a elementor-widget elementor-widget-text-editor\" data-id=\"1bcfa3a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span class=\"ez-toc-section\" id=\"Ready_to_start_company_registration_in_Georgia_Country\"><\/span>Ready to start company registration in Georgia, Country?<span class=\"ez-toc-section-end\"><\/span><\/h2><p><span style=\"font-size: 16px;\">Once you are ready to start a business in Georgia and register your legal entity here contact our firm. Hereby, Be assured we provide the fastest, most reasonable, and all-in-one support for you. Definitely, We are experienced working with foreigners so with us you will find answers to all questions that may arise. We are confident we are able to remove lots of headaches and make the procedure easier for you.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c9b2b85 elementor-widget elementor-widget-wp-widget-ocean_social_share\" data-id=\"c9b2b85\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"wp-widget-ocean_social_share.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5>Did you like the content? Then please share It<\/h5>\t\t\t\t<ul class=\"owp-social-share style-colored name-hidden\">\r\n\t\t\t\t\t<li class=\"twitter\"><a href=\"https:\/\/twitter.com\/share?text=Should%20you%20Register%20Company%20in%20Georgia,%20Country%20in%202021?&#038;url=https%3A%2F%2Fdevskey.com%2Fde%2Fshould-you-register-company-in-georgia-country-in-2021should-you-register-company-in-georgia-country-in-2021%2F\" title=\"Share on X\"  onclick=\"owpShareOnClick( this.href );return false;\"><span class=\"owp-icon-wrap\"><svg class=\"owpss-icon\" aria-labelledby=\"owpss-twitter-icon\" role=\"img\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\r\n\t\t\t\t\t\t\t\t<path d=\"M389.2 48h70.6L305.6 224.2 487 464H345L233.7 318.6 106.5 464H35.8L200.7 275.5 26.8 48H172.4L272.9 180.9 389.2 48zM364.4 421.8h39.1L151.1 88h-42L364.4 421.8z\"\/>\r\n\t\t\t\t\t\t\t<\/svg><\/span><\/a><\/li><li class=\"facebook\"><a 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32-32.3V64.3c0-17.8-14.4-32.3-32-32.3zM135.4\t\t\t\t\t\t\t\t416H69V202.2h66.5V416zm-33.2-243c-21.3 0-38.5-17.3-38.5-38.5S80.9 96 102.2 96c21.2 0 38.5 17.3 38.5 38.5 0 21.3-17.2 38.5-38.5 38.5zm282.1\t\t\t\t\t\t\t\t243h-66.4V312c0-24.8-.5-56.7-34.5-56.7-34.6 0-39.9 27-39.9 54.9V416h-66.4V202.2h63.7v29.2h.9c8.9-16.8 30.6-34.5 62.9-34.5 67.2 0 79.7 44.3 79.7 101.9V416z\"\/>\r\n\t\t\t\t\t\t\t<\/svg><\/span><\/a><\/li>\t\t\t\t<\/ul>\r\n\r\n\t\t\t\t\r\n\t\t\r\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>I received the questions regarding whether Should you Register Company in Georgia, country daily basis. In this blog, I collected all of them. This blog might be extremely relevant to any foreigner who wants to start a business in Georgia since all these questions are derived from practices. From those people, who wanted to start 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