The corporate income tax rate for a business in Georgia is 15%.
In Georgia, the standard VAT rate is 18%, except for services of tour operators, exports, electrical power, international shipping activities or transfers of gold to the National Bank of Georgia, which don’t attract VAT.
There is no minimum paid-up capital requirement for setting up an LLC in Georgia. Moreover, an LLC in Georgia can be registered with only 1 director and 1 shareholder, both not necessarily local residents.
The corporate tax rate in Georgia is 15%.
The personal tax rate in Georgia is 20%.
The import tax rate in Georgia ranges between 0-12%.
The growing areas of investment in Georgia include Energy, Hospitality and Real Estate, Manufacturing, Regional Logistic Hub, Agriculture & Food Processing, and Business Process Outsourcing.
Georgia’s Value Added Tax is locally known as Damatebuli Ghirebulebis Gadasakhad.
DTA refers to Double Taxation Agreement. It is a tax treaty that is signed between two or more countries to avoid double taxation from the source and residence country.
The local currency of Georgia is known as Lari (GEL).