How to Obtain Residency in Georgia through a Sole Proprietorship

An efficient pathway to temporary residency in Georgia is through establishing a sole proprietorship. The main requirements are that you generate an annual income of at least 50,000 GEL (€16,000), and pay a 1% tax on your revenue.

Who is the Georgian sole proprietorship residency for?

This residency can also be achieved by establishing a Limited Liability Company (LLC), but a sole proprietorship is a better choice for most individuals due to its simplicity and lower cost.

Important note: This pathway to residency in Georgia is available to citizens of Western and developed Asian countries but not to citizens of most African and Asian countries (please contact us for more details).

Start a Georgian sole proprietorship remotely

Company formation in Georgia is a fully remote process which you can complete using our trusted agent. You can also open a Georgian bank account remotely using power of attorney.

Our Georgian agent on the ground offers solutions to help you demonstrate that your business meets the turnover threshold and thus facilitate your eligibility for temporary residency through a sole proprietorship.

Validity and renewawl process

This temporary residency is valid for one year and is then renewable for two-year periods. An additional year of validity is granted for every 20,000 GEL (€6,400) deposited into a Georgian bank account before you apply for renewal. Temporary residency can be renewed for a maximum of 11 years. After 10 years of temporary residency, you may apply for permanent residency.

Tax & Banking in Georgia

As a Georgian resident, you have access to robust banking infrastructure and a territorial tax system that does not exist elsewhere in Europe (no income tax on income earned outside of Georgia).