Georgia's attractive tax regime is a primary driver for international relocation, but unlocking its full financial potential requires more than a simple change of address; it demands strategic, expert planning. A critical distinction exists between holding a residence permit and being an official tax resident, which forms the cornerstone of your financial obligations and opportunities within the country. Misunderstanding or neglecting this status can lead to unforeseen global tax liabilities and missed advantages. Legal Sandbox Georgia provides premier strategic guidance on all tax matters related to migration, ensuring your move to Georgia is as financially advantageous as it is personally rewarding.
Our core advisory service is centered on establishing and managing your Georgian tax residency status. This can be achieved through two primary pathways. The first is the standard 183-day rule, where your physical presence in Georgia for more than 183 days within any 12-month period automatically confers tax residency. The second, more flexible route is through the highly advantageous status of a High Net Worth Individual (HNWI). This special status allows qualifying individuals to become Georgian tax residents without fulfilling the physical presence requirement, offering unparalleled freedom. Our experts provide a comprehensive assessment to determine your optimal path, manage the entire HNWI application process with the Georgia Revenue Service, and secure the official certificate that confirms your tax residency.
Securing tax residency is the first step; strategically leveraging its benefits is the next. We provide essential counsel on how Georgia’s powerful territorial tax principle directly impacts your wealth. For a Georgian tax resident, any income sourced from outside of Georgia is generally exempt from personal income tax. Our specialists guide you in correctly structuring your global financial affairs to legally and fully benefit from this provision. Our planning advice also covers a clear understanding of the 20% flat tax on Georgian-source income and ensures your full compliance with all local tax filing requirements.
Proactive financial planning is crucial for maximizing the benefits of your new status. We work with you to strategically review and structure your assets and income streams before you officially become a tax resident. This foresight ensures that you are perfectly positioned to take advantage of Georgia’s tax framework from day one, avoiding costly mistakes and setting a solid foundation for your financial future in the country. To ensure your financial transition to Georgia is seamless and strategically optimized, contact our firm for an expert tax and financial planning consultation.
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