Edited Answers
Business, Tax and Banking in Georgia
Practical answers for foreigners about company setup, Individual Entrepreneur, 1%, VAT, bank accounts and activity-linked residence in Georgia.
Is company registration enough to open a bank account in Georgia?
No. Company registration is important, but it does not guarantee a bank account. The bank reviews activity, source of funds, beneficial owner, countries of operation and account purpose. We prepare the file story and documents before the bank meeting.
What is the difference between an LLC and Individual Entrepreneur in Georgia?
An LLC usually fits partners, a stronger company image, separate liability, or clearer business and banking structure. Individual Entrepreneur often fits freelancers or solo activity. The choice is not only about cost; it depends on activity, tax, banking, partners and residence planning.
Is the 1% system in Georgia available to everyone?
No. Small Business Status can be excellent for freelancers and some activities, but it is not for every activity or every client. We review service type, income source, annual threshold, where the client lives and whether the activity qualifies before relying on 1%.
Does 183 days automatically mean I am tax resident?
The 183-day rule is important, but it is not the whole file. Tax residence must be separated from legal residence and company registration. We review days in Georgia, income source, previous country, company or IE structure, and whether a tax-residence certificate is actually needed.
When should I pay attention to VAT in Georgia?
VAT needs attention when operations grow or when service type and customer location matter. GEL 100,000 over 12 continuous months appears in general VATable-operation rules, but the file is not reduced to this number alone. We review whether the operation is VATable, where the customer is and what the service is.
Can a company or Individual Entrepreneur be registered remotely?
In many cases, steps can be arranged remotely through a proper power of attorney, but the authority must be written clearly: registration, signing, registry, Revenue Service and possibly later steps. Banking may still require presence, interview or bank-specific conditions.
Can company registration help with residence?
It can help, but it is not enough by itself. Work or activity-linked residence needs real activity, suitable income or turnover, a clear role for the applicant and consistent documents. We review whether the company can support a residence file before making promises.
What documents do I need before opening a company or bank file?
Usually we start with passport, address, phone and email, activity description, source of funds, contracts or invoices if available, and a clear goal: company only, bank account, tax or residence. If you are outside Georgia, we review power of attorney, translation and certification.
Is a personal bank account enough for business activity?
Not always. If you have business activity or a company, clearer separation between personal and business may be needed, especially for invoices, tax, source of funds or residence files. We review the case before deciding the right account structure.
Does Orient Cities provide final tax advice?
We organize the file, explain the practical picture and identify risk points. If the decision needs final tax advice, large amounts, multiple countries or a foreign company, we route the file to a licensed accountant or tax specialist. This is better for the client and more accurate.
What should I send first about company or tax matters?
Send the goal, nationality, whether you are inside or outside Georgia, activity type, expected income, whether you have clients outside Georgia, and whether the goal includes banking or residence. With these details we can give a direct first step instead of a generic reply.
Next useful step
Have a specific case?
These answers are concise and edited from repeated questions. If your passport, residence status or trip is specific, send the details and we will define the right next step.
Contact us