Tax Residency in Georgia for Indians

For Indian entrepreneurs, investors, and individuals seeking tax residency abroad, Georgia provides an attractive option with its simplified tax regulations and appealing residency benefits. Georgia Business and Residential Law offers specialized support to Indian clients interested in obtaining tax residency, helping you navigate every step of the process and understand the advantages and obligations associated with it.

Why Choose Georgia for Tax Residency?

Georgia’s tax residency program offers several advantages for Indian clients, particularly those looking to optimize their tax obligations while gaining access to a favorable business environment. Key benefits include:

• Low Tax Rates: Georgia has a flat income tax rate of 20%, with options for reduced tax regimes for specific categories, such as the 1% tax for Individual Entrepreneurs (IE) on qualifying revenue.
• No Global Income Taxation: Georgia does not tax worldwide income for tax residents, making it ideal for Indian clients with global business interests who wish to avoid double taxation.
• Simple Tax Residency Requirements: Georgian tax residency can be achieved through relatively straightforward criteria, including spending a minimum of 183 days in the country or qualifying for High Net Worth Individual (HNWI) status, which has specific financial thresholds.

Our Tax Residency Assistance Services

At Georgia Business and Residential Law, we provide complete assistance to Indian clients seeking tax residency, covering every aspect from eligibility assessment to maintaining compliance.

1. Eligibility Assessment and Consultation
   We begin with a consultation to assess your eligibility based on Georgian tax residency criteria. Our team explains the requirements and helps you determine the most suitable path to tax residency, whether it’s through physical presence or HNWI qualifications.
2. Application Preparation and Documentation
   Establishing tax residency requires precise documentation and adherence to Georgian tax laws. We handle all necessary paperwork, including residence permits, financial documentation, and proof of income or assets if applying as an HNWI. Our team ensures that each step is legally compliant and processed efficiently.
3. Legal Compliance and Tax Registration
   Once residency is approved, registering with the Georgian tax authorities is essential to activate tax residency benefits. We assist with tax registration, ensuring that your status is formally recognized and compliant with local requirements. Our team also provides guidance on maintaining residency, such as tracking days spent in Georgia for clients qualifying through physical presence.
4. Ongoing Tax Advisory and Compliance Support
   Tax residency comes with specific obligations, and we provide ongoing support to help Indian clients manage tax filings, report income, and take advantage of any applicable tax benefits. Our advisory services keep you informed of any regulatory updates, ensuring long-term compliance with Georgian tax laws.

Additional Services for Indian Clients

Beyond establishing tax residency, we offer a range of services to support Indian clients with broader financial and legal needs in Georgia:

• Business Setup and Structuring: For Indian clients interested in running a business, we provide full assistance with company registration, banking, and compliance with Georgian business regulations, helping you maximize the benefits of Georgia’s tax-friendly environment.
• Banking and Financial Services: We assist Indian clients with setting up local bank accounts, securing digital banking access, and fulfilling Know Your Customer (KYC) requirements, ensuring smooth financial management for tax residents.
• Residency and Family Relocation Support: If you plan to relocate with family members, we provide assistance with residence permits, housing options, and guidance on integration into Georgian life, making the transition comfortable for all.

Simplified Solutions for Your Tax Residency Goals

At Georgia Business and Residential Law, we understand the unique needs of Indian clients and the importance of a straightforward tax residency process. Our dedicated team provides the expertise and resources to make your journey to tax residency in Georgia as smooth as possible, ensuring full compliance with Georgian tax regulations and optimal support for your financial goals.

Let us manage the complexities so you can focus on enjoying the benefits of tax residency in Georgia’s welcoming environment.