Republic of Georgia - “Tax paradise” for Natural Person Entrepreneurs

This article talks about the 1% turnover tax scheme offered by Georgia for income up to ~ 150k USD per year.
Remember, citizens of something like 90 countries can enter and WORK in Georgia with only their passports. No visa or work permit or residency permit required. Something like 56 tax treaties help to ensure no double taxation for people from the relevant countries once the 183 day stay rule is satisfied in Georgia. The Georgia tax system is flat and simple compared to most countries. No tax on foreign sourced pensions either. Also, unlike some low tax schemes in some countries like Italy and Portugal and others, the tax deal is not a time limited ‘holiday’ of some number of years and then your tax reverts to the complexity and levels paid by locals in complex higher tax countries. Georgia tax arrangements are not time limited in that way.


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