Georgia has long evolved beyond being simply a travel destination. Today, the country attracts entrepreneurs, international business owners, investors and high-net-worth individuals who consider it an attractive jurisdiction for living, doing business, managing assets and building an international financial presence. Tax residency in Georgia is particularly appealing due to a combination of factors: a relatively straightforward tax system, territorial taxation principles, the possibility of obtaining an official tax residency certificate, an extensive network of double taxation treaties and a well-developed banking sector. For international private clients, Georgian tax residency can form part of a much broader wealth strategy combining residency, banking, Private Banking, investments, real estate and international asset management. Why should international entrepreneurs and investors consider becoming a tax resident of Georgia? Here are five key reasons.
