8. Legal, taxes, and equity#Expand all
Can my Georgian company have different classes of shares?#
What if I already have commitments to other investors?#
What if I want my company to be U.S. registered?#
What if my company's already registered?#
What taxes do I need to know about?#
There are only 6 taxes in Georgia:
- 20% Personal Income Tax — this is the only one you have to pay.
15% Corporate Profit Tax— perpetual exemption available, see below. 18% Value Added Tax (VAT, or sales tax)— perpetual exemption available, see below. 0-12% Import Tax— but only if the item is more than USD $ 120. 1% Property Tax— won't affect you if you rent. Excise Tax on few selected goods— won't affect you unless you smoke or drink.
If you're a software startup that's focused on non-Georgian customers, Vesti.ge can help you with the paperwork to get approved for a perpetual global exemption on VAT (sales tax) and profit tax on all business outside of Georgia.
That means all you're left with is "Personal Income Tax", also know as payroll tax. The paperwork is super easy as it's a simple 20% withholding, paid only once a month to a single government agency.
That's it. There's nothing more.