The purity of the Caucasus air, water and food has helped Georgian mountain village-dwelling centenarians set records for the oldest people on Earth. Adding to the appeal of Georgia’s beautiful mountains, its sublime churches and monasteries, plus the excellent wines and cuisine, are the relatively easy residency and LLC formation laws.
Citizens of the EU Schengen zone countries, Americans and Russians all enjoy visa-free travel to Georgia. Tbilisi is a hotspot for digital nomads thanks to the ease for foreigners forming their own corporations and/or registering as self-employed individuals. In fact, Georgia has been ranked an impressive 7th place on the World Bank’s Global Ease of Doing Business rankings. This is in part due to the highly educated and entrepreneurial Russian-English speaking IT work force. There is no tax on foreign-earned income and corporate taxes are a flat 15% on income within Georgia, with the rate for small businesses even lower at 1% for annual revenues under 500,000 GEL ($185k).
Another reason to be bullish on Georgia: geography. With a population of 1.1 million and daily flights to European cities, Dubai, Istanbul, and Moscow, Tbilisi is a convenient base for any entrepreneur, especially in DeFi and Fintech. Once isolated by the tall Caucasus, today Georgia stands at the intermodal crossroads of the emerging International North-South Transport Corridor (INSTC) between the Indian subcontinent, Turkey, Russia and Europe, as well as East-West South Caucasus Corridor for Chinese goods flowing through the Black Sea basin.
Most critically, in a historically troubled neighborhood that has seen multiple post-Soviet conflicts, the government is pursuing a sovereign policy of neutrality and trade with all of its neighbors–despite pressure from the Western powers. Tbilisi boldly pursues its ambitions in making this country into the Switzerland of the Caucasus. With its breathtaking mountain vistas and modern ski resorts, and its heritage of world-famous vintages and vineyards, Georgia is already halfway there.
Added together, these factors make Georgian real estate an attractive investment and Russian as well as Turkish investors have pumped billions into the property markets, especially in Tbilisi and the Black Sea coastline city of Batumi. Thanks to massive Belt and Road (BRI) Chinese investment in the Black Sea ports and intermodal rail/highway infrastructure, as well as low property tax rates, real estate will continue to grow in value, with growth potential well beyond the two largest cities.
Another key reason to consider Georgia: your values. It is ideal for traditionally minded executives who wish to live and raise children in a traditional, Russian-speaking Orthodox Christian country–without moving to Russia.
At ExitStrategy.World, our North America and Eurasia-based team can assist you with:
Legally reducing your taxes by relocating yourself and your business to Georgia
Registering your LLC in Georgia and opening a Georgian bank account
Obtaining Georgian residency, working with our Georgian migration and business lawyer and English/Russian bilingual documents translator.
Understanding the requirements for and obtaining a Georgian passport. The Georgian language requirement for obtaining citizenship can be waived after a $1 million investment into real estate or a business employing Georgians.
To learn more about 21st century living and business opportunities in Georgia, contact us today!
