Tax Residency in Georgia
The High Net Worth Georgian Tax Residency program offers a unique opportunity for individuals with an income exceeding 200,000 GEL (approx. 80,000 USD) or personal assets over 3 million GEL (approx. 1,200,000 USD) to secure tax residency in Georgia without the need to physically reside in the country.
Benefits of the Program
- No Physical Presence Requirement Bypass the traditional 183-day physical presence requirement and take advantage of Georgia’s favorable tax regime, including a flat 20% personal income tax rate.
- Significant Tax Savings Relocating your business and personal tax residency to Georgia can substantially reduce your current tax liabilities, allowing you to optimize your financial strategy.
Who Can Benefit from the High Net Worth Program ?
- Remote Professionals Ideal for remote professionals who travel frequently and do not spend enough time in any single country to establish tax residency, yet wish to avoid taxation in their home country.
- Global Individuals Perfect for individuals who lack tax residency in any country and have arrived in Georgia late in the tax year, needing Georgian tax residency to prevent taxation elsewhere.
Who Is Eligible for Georgian Tax Residency Via the High Net Worth Program?
The High Net Worth Program for Georgian tax residency is designed for individuals (natural persons) with significant property. The eligibility rules are as follows:
Asset Requirements - To qualify, individuals must meet one of the following criteria:
- Own property valued at over 3 million GEL
- Have an annual income exceeding 200,000 GEL for the last three consecutive years (the years immediately preceding the application year)
- Present proof of owning assets in Georgia valued at 500,000 USD or more, as mandated by the Order of the Ministry of Finance published in March 2023.
Other Conditions Applicants must also:
- Possess a legal residence permit or a Georgian resident ID card
- Certify receiving an income of 25,000 GEL or more from a Georgian source in the tax year before the application year
What is Included in the Package:
- Preparation of documents by experts.
- Final Assessment of documents by our top Immigration Lawyer.
- Personalized support with application filing.
- Complete guidance and assistance during the entire process.
- Government fees is not included in the Package