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Georgia Country Profile

Passport
For more details visit Georgia Passport Ranking
  • Passport Grade
    B
  • Passport Ranking
    82/198
  • Passport Score
    121.2/198
  • Visa-free Countries
    120
  • Visa-required Countries
    78
  • Access to the World's GDP
    32%
  • Access to the World's Surface Area
    43%
  • Access to the World's Population
    29%
  • Access to the Unesco Sites
    63%
Citizenship and Naturalization
Birthright citizenship (Jus Soli)
  • Birthright citizenship (Jus Soli)
    No
    No provisions
Naturalization - Standard Conditions
  • Minimum residency period
    10 years
  • Physical presence requirement
    At least 9 months a year. Can leave for up to 2 years for study or medical treatment
  • Language test
    Yes, Georgian
  • Need to renounce original citizenship?
    Yes
  • Can minor children naturalize?
    –
  • Can naturalized parents pass citizenship to a child born abroad?
    –
  • Can you lose naturalization due to prolonged absence/ naturalization elsewhere?
    –
Naturalization - Your Spouse is a Citizen
  • Living IN the country: Residency/marriage requirement
    5 years / 0 years
    May apply immediately after marriage, assuming you have resided there for 5 years.
  • Living ABROAD: Marriage requirement
    Not allowed
  • Language test
    Yes, Georgian
  • Need to renounce original citizenship?
    Yes
Naturalization - Other Beneficial Provisions
  • Your child is a citizen
    No provisions
  • Citizens of specific countries
    No provisions
"–": The provision has not been analysed.
Taxation
For more details visit Cost of Living
  • Taxation Type
    Territorial
A tax resident of a country with a TERRITORIAL tax system pays taxes on the income generated within the country only. Income generated outside of the country remains tax-free.

Micro businesses with an annual turnover of less than GEL 30,000 or ~$10,500, and with no employees, pay no tax on their business income at all. Individual entrepreneurs with annual turnovers of less than GEL 500,000 (~$175,000) may register as a small business and pay just 1% tax on their turnover. The rate increases to 3% if your turnover exceeds GEL 500,000.
Schiff Sovereign's Take on Georgia
Georgia strikes a good balance between having a rich cultural history and traditional culture, and simultaneously being a progressive place where business people can excel.

We have written about Georgia's attractive tax incentives and business environment in this report.

Looking ahead, Georgia has the potential to become “the Estonia” of the Caucasus.

Tbilisi, the capital, and Batumi are fun towns. Reportedly, the first wine makers in history were from Georgia, so their famous wines pair very well with the country’s equally sumptuous food.

Georgia should be well known to regular Sovereign Man readers. We have covered Georgia several times, looking at its highly liquid banking sector and the ease with which you can open a bank account there. (You can do it simply by walking in with just your passport.)

The country also offers a first-world quality of life at a fraction of the cost in the West. Sure, this isn’t the most inexpensive country on Earth; Georgia is not as cheap as, say, India or Pakistan, but your money will go a long way there.

(More recently, one of our contacts on the ground reported that the country has gotten quite a bit more expensive, especially when it comes to rent, due to Ukrainians refugees and Russians flooding the country.)

But to us, Georgia is a highly pleasant place to live. And it is incredibly safe.

One of Sovereign Man’s former team members, originally from Germany, now lives in Georgia full time, and is happy there.

There are problems, too – like corruption, for example. Georgia has also had its fair share of disagreements with its giant neighbor, Russia, which resulted in a military conflict and the loss of the South Ossetia region back in 2008.

But since then, the new Georgian leadership seems to have improved the country’s relationship with Putin. And today, Georgia’s positives outweigh any negatives.

Overall, Georgia offers great opportunities for structuring a business, along with myriad investment opportunities.

For all these reasons – ease of doing business, low costs, and pleasant lifestyle – Georgia can be a great place for retirees, entrepreneurs and digital nomads alike.

What’s more, you don’t even need to worry about gaining residency there, because 360 days of visa-free access is available to citizens of most of the developed world.

Georgian people are also famous for their unique hospitality. And clearly, the Georgian government does not lag far behind. The country is not an obvious first option for many people, but it’s a highly compelling one, nonetheless.
Schiff Sovereign's Rolodex
Service Providers available in Georgia
  • Immigration (residency, citizenship)
  • Full relocation services (real estate search, bank account opening, driver's licence, etc.)
  • Tax advice (attorneys and/or accountants)
  • Corporate services (company formation, etc.)
  • Real Estate (agents, lawyers)
  • Banking contact
Obtain access to our Rolodex by signing up for Sovereign Confidential Join Sovereign Confidential Today

Sovereign Global Explorer

Benefiting from over a decade of our team’s boots-on-the-ground experience, Global Explorer is where your international journey begins.
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Georgia Overview
  • Region
    Europe
  • Capital City
    Tbilisi
  • Largest City
    Tbilisi
  • Currency
    Georgian lari
  • Languages
    Georgian
  • Population
    3.7 million (131st)
  • Life Expectancy
    77.5 years (87th)
  • GDP (Nominal)
    $25.2 billion (114th)
  • GDP/Capita
    $6,824 (105th)
Useful Data
For more details visit Cost of Living
  • Cost of Living
    Very cheap (2/7)
  • Climate
    Comfortable (2/5)
  • Safety
    Very Safe (2/7)
  • Pollution
    Polluted (4/5)
  • English Proficiency
    Low (4/5)

Sovereign Global Explorer

Benefiting from over a decade of our team’s boots-on-the-ground experience, Global Explorer is where your international journey begins.
Explore Now
Found a mistake /
Have a suggestion ?
Please let us know if you spot any inaccuracies on this page or have a suggestion on how to make it even more useful.
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PREMIUM REPORTS
Georgia inside Schiff Sovereign resources
Resource TitleProductTypeDate
TA Members Monthly Call Recording: Georgian Tax Incentives and Other Topics with Levan ChkhenkeliSovereign Total AccessTAMonthly Calls30-Nov-2311/30/23
Next TA Members Monthly Call: Send Us Your Questions on Georgian Tax Incentives, Banking, Digital Nomad Residency, and MoreSovereign Total AccessTAMonthly Calls09-Nov-2311/09/23
Europe Offers Great Tax Incentives for New ResidentsSovereign ConfidentialSMCAlert25-Oct-2210/25/22
July 2021 SMC Q&ASovereign ConfidentialSMCQ&A29-Jul-2107/29/21
Europe’s “Puerto Rico” - 1% Tax for Digital Nomads and High EarnersSovereign ConfidentialSMCAlert05-Jul-2107/05/21
Georgia: Freelancer finds a bit of Low-Tax, Low-Cost Freedom… in former USSRSovereign ConfidentialSMCCase Study05-May-2105/05/21
The Sovereign Man Starter GuideSovereign ConfidentialSMCBlack Paper09-Feb-2102/09/21
September 2020 SMC Q&ASovereign ConfidentialSMCQ&A30-Sep-2009/30/20
These eight countries are offering 12-month visas or temporary residencies to digital workersSovereign ConfidentialSMCMonthly Letter15-Sep-2009/15/20
March 2020 SMC Q&ASovereign ConfidentialSMCQ&A31-Mar-2003/31/20
The Sovereign Man Global Passport Ranking: 2018 EditionSovereign ConfidentialSMCBlack Paper05-Jul-1807/05/18
Live a Western lifestyle abroad for a fraction of a cost with no visas requiredSovereign ConfidentialSMCAlert25-Sep-1709/25/17
Sovereign Man Country Rankings: The Right Country for YOU, with Simon's insightsSovereign ConfidentialSMCBlack Paper06-Apr-1704/06/17
Worldwide Banking Review: 2015 EditionSovereign ConfidentialSMCAlert25-Jan-1501/25/15
Solutions to Agricultural ChallengesSovereign ConfidentialSMCAlert15-Jan-1301/15/13

Articles featuring Georgia

Tibilisi has increasingly become a hub for digital nomads seeking lower taxes and an affordable cost of living.
Second Residency

Discover why remote workers and digital nomads are flocking to Tbilisi, Georgia.

As you may have heard, taxes are going up.  And not just in the United States, but in other countries as they, too, fight ballooning deficits and sovereign debt. To top it off, US Treasury Secretary Janet Yellen is pushing for a global minimum corporate tax rate. People are again considering moving — whether it […]
Trends & News

How I paid just 1% in taxes LEGALLY in Georgia

[Today’s letter was penned by Lucas, a member of the Sovereign Man family] Yesterday we reported how Deutsche Bank, one of the largest banks in the world, proposed that people working from home should have to pay an additional 5% tax to subsidize people who can’t work from home. As absurd as this idea sounds, […]
International Diversification Strategies

Meet the Republic Of Georgia – The world’s easiest country to open an (offshore) bank account

This was the one of the easiest offshore bank account experiences I’ve ever had. It only took me 20 minutes to open this offshore bank account in Georgia. Read on to learn how and at which bank you can easily begin banking in Georgia. In 1991, the country of Georgia gained its independence from the […]

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