So, if you plan to work independently without hired Employees and at the same time:
• Your income per year will not exceed the amount equivalent to 100,000 GEL (today slightly less than 30,000 USD), it is advisable to conduct business as an individual entrepreneur with the status of a small business entity.
Your tax in this case will be 1% of the income received.- Your income per year will exceed the amount equivalent to 100,000 GEL (today a little less than 30,000 USD), it is advisable to conduct business through a company registered in the virtual zone of Georgia.
Your taxes in this case will amount to 5% of the profit received (when distributing profits to dividends), but you will be able to save 18% on VAT, which you would have to pay in a general manner.