1% Small Business Status in Georgia
Contents
- Setup in 1-2 Business Days
- Eligible For 1% Tax Rate
- No Physical Visit Required
- Multi-Currency Banking
Obtain 1% Small Business Status in Georgia with professional support from NOMOS Georgia and benefit from one of the world’s most attractive and efficient tax regimes.
What Is 1% Small Business Status in Georgia?
1% Small Business Status is a special tax regime provided under Georgian tax legislation for individual entrepreneurs (IE). This status allows individuals to pay just 1% income tax on annual gross income (turnover) of up to GEL 500,000 (approximately $180,000).
This regime is designed to support small businesses and individual professionals by minimizing both the tax burden and administrative bureaucracy.
Who Is 1% Small Business Status in Georgia For?
This special tax regime is an ideal option for individuals engaged in independent professional activities or operating a small-scale business. It is particularly suitable for those who want to legalize their income with a minimal tax rate and simplified accounting procedures. The service is intended for:
- Freelancers and remote professionals: who provide services to foreign or local companies.
- IT specialists, developers, and designers: who want to have their income taxed legally and efficiently.
- Consulting, marketing, and digital service providers: who work independently.
- Individual entrepreneurs: whose activities do not fall within the types of activities prohibited by law.
What Does NOMOS Georgia’s 1% Small Business Status Service Include?
NOMOS Georgia provides comprehensive support from the initial idea through obtaining active business status:
- Individual entrepreneur registration: Assistance with registration at the Public Registry and Public Service Hall, including remotely.
- Status application: Applying for Small Business Status with the Revenue Service (RS.ge).
- Opening bank accounts: Assistance with opening a business account at leading Georgian banks.
- Monthly tax filing: Accounting support with preparing and paying monthly tax returns.
- Tax consulting: Checking whether the business activity complies with permitted and prohibited types of activities.
Why Choose NOMOS Georgia for 1% Small Business Status in Georgia?
The NOMOS Georgia team has experience with hundreds of successfully registered small businesses. We know the requirements of the tax authorities precisely, which helps eliminate errors during registration or when selecting the appropriate activity code.
We understand the needs of international clients and freelancers, which is why we offer fully remote services based on a power of attorney.
Highly qualified attorneys providing reliable, compliant, and strategic legal solutions.
Streamlined digital processes allowing you to manage your legal affairs from anywhere.
Clear, upfront costs with absolutely no hidden fees, ensuring full financial predictability.
What Will You Receive from NOMOS Georgia’s Service?
- An officially registered individual entrepreneur and active 1% Small Business Status;
- 1% taxation on annual turnover of up to GEL 500,000;
- Simplified accounting and minimal bureaucracy;
- Full compliance with Georgian tax legislation.
Frequently Asked Questions
What Happens If Annual Turnover Exceeds GEL 500,000?
The amount exceeding the threshold will be taxed at a 3% rate until the end of the year, while if turnover exceeds GEL 500,000 for two consecutive calendar years, the status is terminated.
Does the 1% Rate Apply to All Types of Activities?
No, there is a list of prohibited activities (e.g., financial services, legal consulting, gambling, medical services, etc.).
When Does Small Business Status Become Effective?
The status becomes effective from the first day of the month following the submission of the application. Until then, the standard 20% tax rate applies.
Is Physical Presence in Georgia Required for Registration?
No, registration and obtaining the status can be completed entirely remotely on the basis of a notarized power of attorney.
How Often Must a Tax Return Be Filed?
A small business taxpayer must file a tax return and pay the tax every month, by the 15th day of the following month.
Our legal experts are ready to guide you through establishing your corporate presence in Georgia with turnkey support.