Premium banking in Georgia: SOLO and TBC Concept in detail
SOLO and TBC Concept: what the premium packages cost, which admission criteria apply, and why non-residents reach the top tier more easily than locals.
Blog
Insights on company formation, banking and taxes in Georgia.
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15 per cent, 60 working days: the half of CRD VI already in force
Article 27a CRD VI puts bank acquisitions, asset transfers and mergers under supervisory control — since January 2026, and in Germany since April.
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Transferring a share in a Georgian LLC: it takes effect on the register
Transfer needs no consent, and the statute knows no pre-emption right — but the transfer takes effect only on registration, and the seller stays liable.
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Employment contracts in Georgia: thirty days’ notice — or three
Written form only above one month, ten mandatory terms, a six-month probation period and a notice period the employer may shorten by paying for it.
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Data protection in Georgia: the State Audit Service took over in March 2026
Georgia’s data protection law has no market-place criterion and caps fines at 10,000 lari — and since 2 March 2026 the supervisory authority has changed.
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Licences in Georgia: whoever fails to decide has granted
The catalogue of activities needing permission is exhaustive, and no other statute may extend it.
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Georgian contracts: the arbitral award travels, the judgment does not
Choice of law in Georgia is freer than expected and bounded more sharply in one place. On forum, one clause is routinely set wrong.
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Tax disputes in Georgia: two stages, and no suspensive effect
Thirty days from service, a two-stage procedure inside the Ministry of Finance — and an appeal that does not hold up the assessment it challenges.
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Transfer pricing in Georgia: thirty days after the letter is too late
The arm’s length principle applies to cross-border dealings between related enterprises. The documentation is not filed but called for — on a short deadline.
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Who may advise you in Georgia — and who may not
Georgia barely regulates advice but regulates representation sharply. Where the line runs — and why the common rule of thumb fails in criminal matters.
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Getting an EIN without an SSN: the route for non-US persons
The Employer Identification Number is a precondition for every US filing — and the online application is closed to you.
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Deposit insurance in Georgia: GEL 50,000 per bank
Since April 2026 Georgia covers GEL 50,000 per depositor and institution. What that means against the EU, and what the ceiling does not cover.
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Registering as a sole trader in Georgia, step by step
Registration with the registry, tax number, application for the small business status, bank account, first filing.
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Extended limited tax liability: ten years after you leave
German nationals who move to a low-tax territory and keep substantial economic interests at home stay liable on an extended basis for up to ten years.
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Georgia or Estonia: the same tax model, two contexts
Georgia adopted the Estonian model of profit taxation in 2017. What is compared, then, is not the model but everything that surrounds it.
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Georgia or Paraguay: two territorial systems compared
Both tax territorially, both appear on the same lists. The difference lies not in the principle but in provability, banking and reachability.
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Georgia or Cyprus: the difference is called the EU
A line runs between an EU member state and a third country that becomes visible in German international tax law — and it decides more than the rate.
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A business account for the Georgian structure: what banks require
A business account is not a continuation of the personal one. It attaches to the registered entity, to a visible activity and to named signatories.
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Habitual abode: the underestimated anchor of tax liability
Residence alone does not hold tax liability — habitual abode is a separate connecting factor.
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Why Georgian banks say no — and what helps beforehand
No provider can guarantee an account opening. What banks actually examine, which profiles fail, and which preparation measurably improves the odds.
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Territorial taxation in Georgia: six cases that make it concrete
The account does not decide the source; the facts do. Six worked constellations show where the line between foreign and Georgian source actually runs.
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A Georgian TIN: what the tax number does — and what it does not
Everyone who registers in Georgia gets a tax number. It is not proof of residence. That difference decides bank references and treaty benefits.
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US LLC, CRS and FATCA: what is reported and what is not
FATCA runs one way, the common reporting standard the other — and the US does not take part in the latter.
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Leaving Austria: why Georgia makes the tax due at once
Austria taxes departure under section 27(6) of the Income Tax Act. Within the EU and EEA it can be paid in instalments — for Georgia it falls due at once.
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Exit taxation: the calculation that belongs before the move
Holding shares in a corporation triggers a deemed capital gain when you leave Germany. What the rule catches, and which payment reliefs exist.
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Which Georgian bank suits which profile?
Bank of Georgia, TBC and the smaller institutions differ less in price than in their willingness to take on a given profile.
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Wyoming, Delaware or New Mexico: which state?
For an LLC with no US business the state decides not the tax but the annual duties, the published data and the running cost.
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Form 5472: who has to file, and what 25,000 USD buys you
The US reporting duty that catches almost every foreign-owned LLC — with no US income and no tax due.
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Financial statements in Georgia: who files, who gets published
Every Georgian company files its annual accounts with SARAS by 1 October — including the smallest. Publication starts at category III.
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Binding rulings in Georgia: what they do — and what they cost from 2027
A binding ruling under Art. 47 of the Georgian Tax Code binds the authority for as long as you act on it.
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11 January 2027: What Article 21c Actually Prohibits
From 2027, third-country banks need an authorised branch to take deposits or lend in the EU.
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Your own portfolio in Georgia: 0% — but not for the reason everyone gives
Capital gains from a foreign securities account stay untaxed for a Georgian resident — not through an exemption, but through territorial taxation.
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Annex 4: the seven items — and the list in circulation
Georgian Small Business Status excludes seven activities. The English list with "financial services" quoted everywhere is not in the Resolution itself.
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Prop-trading payouts and Georgian Small Business Status
Payouts from futures proprietary-trading programmes can be turnover of a Georgian individual entrepreneur under Small Business Status — 1% instead of 20%.
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From Spain to Georgia: what the 183 days do not settle
Georgian residence does not end Spanish residence. What decides an exit is the 2010 convention, the baja and the centre of your life — not the day counter.
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Moving Within the EU: The Judgment Travels With You
Bulgaria taxes income at 10 percent — and throws in the EU Service Regulation, the European order for payment and enforcement without exequatur.
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Sole Trader or LLC: Who Owns the Turnover for Tax
Digital nomads choose between an Individual Entrepreneur at 1% and a Georgian LLC. The question is not settled by the tax rate but by attribution.
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A 53.2% Marginal Burden: The Peak Sits at EUR 100,000
Germany’s marginal burden does not rise with income — it has two humps and two cliffs. For employees it peaks around EUR 100,000 gross.
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A €15,136 Ceiling — and Co-Payments Up by Half
The German statutory maximum contribution is €1,261.31 a month in 2026. What a Georgian policy costs instead — and where the comparison stops.
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A 38.7% Net Tax Burden: When Extra Work Stops Paying
Germany ranks 2nd in the OECD on the tax wedge and 3rd on the employee-only burden. What the figures support — and what they do not.
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Retiring in Georgia: a €1,405 Pension Against a €781 Wage
The average German pension is 1.8 times the Georgian average wage. What the double taxation treaty assigns to whom — and why the "70 percent cut" is a myth.
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Georgian LLC, German Residence: the Active-Income Test
Anyone living in Germany who controls a Georgian LLC cannot avoid §§ 7–13 AStG. The substance defence is closed to third countries.
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Crypto Cash-Out in Georgia: the Order Decides
Georgia taxes private crypto gains at 0%. Whether you benefit is decided beforehand — on departure from Austria or from Germany.
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Perpetual Traveller: Counting 183 Days Is Not Enough
Perpetual travellers count days in the host country — and miss the two counters that keep running in Germany and Austria.
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Self-Employed in Germany: EUR 735.63 Pension Levy
Recommendation 22 of the German pension commission: compulsory contributions with no opt-out for new founders, EUR 735.63 a month, EUR 8,827.56 a year.
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Wise account in Georgia: the FAQ for foreigners
Wise in Georgia 2026: which proof-of-address documents Wise accepts, why tax residence is only a self-certification, and where Stripe and PayPal say no.
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Reversed Burden of Proof: When Doubt Counts Against You
The Bundesrat wants to flip the direction of proof for confiscating assets of unclear origin.
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Five Years After You Leave, the Tax Office Still Inherits
Section 2 ErbStG keeps German nationals within domestic inheritance tax for five years after departure.
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Savings Announced, Levies Enacted
Germany plans EUR 110.8bn in net new borrowing for 2027 and adds plastic, sugar and tobacco levies.
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Leaving the Scheme Is Easy. Getting Back In Is Not
Departure ends statutory health insurance membership. Section 6 (3a) SGB V bars re-entry from age 55 — and since 1 January 2026 foreign cover cannot help.
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Location-Independent at 0%: Georgian Residency + US LLC
Georgian tax residency plus a directly held US LLC produces 0% — but only while three conditions hold at once.
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Priced in Dollars, Paid in Lari: Georgia's Currency Rule
Prices may be agreed in dollars in Georgia — settlement happens in lari at the official rate. What that means for property purchases, rent and contracts.
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Taxing Georgian Interest: Georgia Takes Nothing, Your Tax Office Does
Bank interest is untaxed in Georgia — the bill arrives at home. German flat tax, Austrian KESt and the currency-gain trap on foreign-currency accounts.
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Deposit Rates in Georgia: What the Banks Really Pay in 2026
Georgian bank account interest rates 2026: all 13 banks compared for GEL, USD and EUR — plus deposit insurance, taxation and what the yield costs.
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The Lari from 2023 to 2026: What Three Years of Rates Show
GEL against euro and dollar since 2023: the election-year slide of 2024, the 2025 recovery, and what a nine percent loss against the euro means.
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Withholding Tax in Georgia: 5, 10 or 15 Percent — and When Zero
Georgian withholding tax 2026: 5% on dividends, interest and royalties, 10% on services, 15% for blacklisted jurisdictions — and the exemptions that matter.
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The Digital Euro: The Real Timeline — and the Holding Limit
36 payment service providers, pilot phase from mid-2027, launch in 2029 at the earliest. The real dispute is not expropriation but the holding limit.
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Emigration: 8.2 Million Germans — What Leaving Costs
INSA survey July 2026: 14% plan to emigrate within five years. What the numbers support — and what German exit tax under § 6 AStG and § 2 AStG really means.
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Leaving Austria: The 2026 Location Audit
A 44.3% tax-to-GDP ratio, a 47% tax wedge, 19 corporate insolvencies a day — and the exit tax under § 27(6) EStG, due at once for third countries.
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Germany Is Quietly Falling Apart: The 2026 Location Audit
Rail at 60%, EUR 231bn investment backlog, EUR 146bn in bureaucracy costs, 80% of hospitals in the red — the documented audit and the alternative.
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German Tax Reform 2026: 47% Top Rate, 49.6% Marginal Burden
A new 47% bracket, the 45% threshold cut to EUR 250,000, minijob flat tax up to 5%, health surcharge from 2028: what the July 2026 deal means.
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Ad Disclosure: a EUR 37,803.50 Fine — Then Insolvency
A EUR 36,000 fine from the LFK, EUR 37,803.50 in total, then insolvency: what the case teaches about ad disclosure under § 22 MStV and § 5a(4) UWG.
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Georgian Company, German Authorities: What Actually Counts
Place of management, market-effects principle, Art. 3 GDPR: four regimes tested — where a Georgian company holds up and where only a genuine relocation helps.
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German Wealth Levy: What Is Planned for EUR 2.8 Trillion
Merz names EUR 2.8 trillion in German accounts, the EU builds its Savings and Investments Union — and the wealth tax was never abolished, only suspended.
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Chat Control: Rejected Twice, Then Adopted
On 9 July 2026 the European Parliament voted to reinstate the lapsed derogation until 2028 — enabled by a procedural vote of 331 to 304.
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Account Seizure: How Far Enforcement Really Reaches
A German bailiff cannot reach a Georgian bank. You personally remain obliged to disclose it — under oath, with criminal liability.
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World-Class Tax Burden, 17th Place in Digitalisation
A 49.3 percent tax wedge on labour — second highest in the OECD. In the 2026 EU digital index Germany ranks 17th of 27, and 22nd on public administration.
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Austrian Aid: EUR 102 Million Is Decided at Home
An ODA ratio of 0.31%, the largest item a mandatory EU contribution of EUR 463 million, only EUR 102.1 million decided at home.
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EUR 26 Billion in Aid: 7.8% to the Poorest Countries
EUR 26 billion in ODA, only 39% from the development ministry budget and nearly 17% for in-donor refugee costs.
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Staying Does Not Get Cheaper. Leaving Gets More Expensive
Germany taxes departure under section 6 AStG, Austria under section 27(6) EStG — due immediately for third countries.
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Austrian Pensions: 86.8% Replacement Rate — Who Pays
An 86.8% net replacement rate, but 27% of revenue comes from the federal budget — and retirement actually starts at 61.5.
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German Pension Gap: 53.3% vs 63.2% Replacement Rate
Net replacement rate 53.3%, EUR 97.55 billion of federal subsidy in the 2026 budget, 764,065 people on basic old-age support — and contributions rising.
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Austrian Infrastructure: Rails Run, Municipalities Don’t
94.1% punctuality at ÖBB, EU-leading mobile coverage — but over half of the municipalities no longer cover their running costs and defer around EUR 1 billion.
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Repair Backlog: EUR 231.2bn — EUR 0 to Municipalities
EUR 231.2bn investment backlog, 60.1% long-distance rail punctuality, second to last in the EU on fibre — and no special-fund money for municipalities.
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DAC8: Since 1 January 2026 the Exchange Reports Too
Crypto service providers transmit purchases, sales and swaps to the tax authorities. Georgia still taxes private individuals at 0% — reported and lawful.
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Austrian Bureaucracy: EUR 20 Billion, 75 Trades
Bureaucracy costs of 2.6 to 3.8% of GDP, 75 regulated trades, 722,875 compulsory chamber memberships — and almost 7% of staff capacity tied up in regulation.
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Switzerland: Low Taxes, High Dependency
A tax ratio of 27.2 percent against 38.0 in Germany — Switzerland is no fiscal problem case. The concentration risk lies elsewhere.
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Bureaucracy: 96,876 Rules, 25% of a Founder’s Week
EUR 64 billion in bureaucracy costs, 96,876 provisions in federal law, founders losing a quarter of their week — and EUR 150 million in net relief.
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EUR 10,000 from July 2027: What Actually Applies
The EU cash ceiling takes effect on 10 July 2027 — for commercial payments only. From EUR 3,000 an identification duty applies on top.
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Government Ratio 50.3%: What the State Costs and Delivers
A 50.3% government spending ratio, 101,283 insolvency proceedings, Europe’s priciest household electricity and the EU’s highest health spending.
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Parental Support: The EUR 100,000 Threshold May Fall
A June 2026 draft bill would scrap the EUR 100,000 parental-support threshold in Germany. What protects you today, and what care actually costs.
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Account Freeze: Your Bank Is Not Allowed to Tell You Why
Once a transaction is reported it sits for at least three business days. You will not learn the reason — section 47 GwG forbids the bank from hinting at it.
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Tax Calculator: What Would You Save in Georgia?
Interactive tax calculator: your estimated home-country tax burden vs. the Georgian 1% regime — with transparent assumptions and honest limits.
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Location Comparison 2026: EU/Germany vs. Georgia Taxes
Germany vs Georgia taxes: documented EU and German tax trends for 2026 compared with Georgia's 1% regime, territorial taxation and 0% crypto tax.
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Three Months That Become Thirteen
On 22 April 2026 the German cabinet adopted three-month retention of IP addresses and port numbers.
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Georgia vs. UAE vs. Cyprus vs. Bulgaria (2026)
Tax jurisdictions compared for 2026: Georgia, UAE, Cyprus, and Bulgaria — taxes, residency, EU enforcement, banking, and costs in one matrix.
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10 Questions Every Serious Asset Protection Provider Must Answer
Vetting asset protection providers: 10 questions every serious firm must answer — from source of funds to CRS to clawback periods. With benchmarks.
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"Stateless" Is Not a Solution — It Is a Banking Problem
The perpetual traveller fails not on tax but on onboarding. Every bank wants an address, every report a tax number, every treaty a residence.
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US LLC Compliance Checklist: All Annual Obligations
US LLC compliance checklist 2026: Form 5472 + 1120, deadlines, Wyoming Annual Report, W-8BEN-E, and BOI status — every obligation in one calendar.
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Georgian Workforce for Germany: Nurses and Staff
Hire staff from Georgia (country): nurses via recognition and B2 German, seasonal and cleaning staff via legal visa routes. Employer guide, May 2026.
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Liquidating a Company in Georgia: An Orderly Exit
Liquidate a company in Georgia (country): LLC liquidation, I/E deregistration, share sale or US LLC dissolution — steps, checklist and typical risks.
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What You Have Read Wrong About the Georgian Work Permit
The permit requirement has applied since 1 March 2026 — but founders and shareholders without an operational position fall outside it.
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Holding & Director Structure: Run a Foreign Company Without a Permanent Establishment
Holding structure Georgia: run a US LLC or UK Ltd through a director without creating a permanent establishment — the rules under Art. 27–29 GTC.
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Asset Protection in Georgia: Legal Wealth Structuring
Legal asset protection with Georgian structures: LLC holding, non-EU second account, fully CRS-transparent. Rules, limits and pricing — May 2026.
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Remote Formation: A Video Call Instead of a Notary — Day by Day
Power of attorney, online notary by video, apostille, filing at the Public Service Hall. Seven business days to an operational company, without travelling.
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Digital Nomads in Georgia: 1% Tax, No Work Permit
Digital nomad Georgia 2026: 365 days visa-free, a statutory exemption from the new work permit rules, and 1% tax on foreign-client income.
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Georgia Work Permit 2026: New Rules & Exemptions
Georgia work permit 2026: Special Labour Activity Permit since March 1, exemptions under Law N1509, deadlines, fees and fines — a factual guide.
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What a Georgian Formation Really Costs
A package from EUR 690 — and then what? Every tier, every add-on with its price, and three worked constellations including the items we do not charge for.
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US LLC + Georgia: The Legal 0% Distribution Structure
US LLC for non-residents plus Georgian tax residency: disregarded entity rules, Form 5472, Article 82 and the permanent establishment caveat.
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IT Company in Georgia: Virtual Zone vs. ICS
Virtual Zone Georgia or International Company Status? Comparison: 0% vs. 5% CIT, dividend and payroll tax, substance requirements, and a decision guide.
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Georgia Territorial Taxation: Tax-Free Foreign Income
Georgia territorial taxation explained: why foreign dividends, interest and royalties are 0% for tax residents — rules, limits and the PE trap.
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Crypto in Georgia: 0% Tax and Regulated VASPs
Crypto tax in Georgia 2026: 0% income tax for individuals, VAT-free sales, NBG VASP regulation and crypto-friendly banks — the complete overview.
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Apostille & Remote Notary: Documents for Global Setups
Apostille for Georgia, remote online notarization for US documents and express courier logistics: how paperwork for company and bank setups runs smoothly.
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Accounting & Compliance in Georgia: The Annual Calendar
Accounting in Georgia (country): all filing deadlines for I/E and LLC — monthly returns, annual reporting, US LLC compliance and typical mistakes.
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Open a Bank Account in Georgia: Remote & Honest
Open a bank account in Georgia 2026: remote via power of attorney, multi-currency at BoG/TBC/Liberty, CRS reporting since 2024 — explained honestly.
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Georgia Tax Residency: 183-Day Rule and HNWI Program
Georgia tax residency 2026: the 183-day rule in any 12-month period, the HNWI program without minimum stay, and residency certificates for treaty use.
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Relocate to Georgia: 365 Visa-Free Days
Move to Georgia (country): 365 days visa-free, company setup in 1 day, tax residency after 183 days. Your month-by-month relocation roadmap for 2026.
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Georgia 1% Tax 2026: Small Business Status Guide
Georgia 1% tax explained: how freelancers use Small Business Status, the new rules from early March 2026, pitfalls, and how registration works.
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Georgia vs. Dubai 2026 — what changed for European entrepreneurs
Dubai introduced a 9% corporate tax in 2023. Georgia stayed at 1% and the Estonian model. A side-by-side comparison from client experience.
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CRS and Georgia — what your home tax authority sees (and what it does not)
Georgia implemented the Common Reporting Standard in 2023; the first automatic exchange ran in 2024. What that means for your filing in Germany or Austria.