Destination · Georgia
Georgia: territorial tax at the edge of Europe
A small country between Europe and Asia that leaves individuals' foreign-source income untaxed, with straightforward banking for non-residents.
Overview
Why clients look at Georgia
Georgia's Tax Code exempts income, including gains, received by a resident individual that is not Georgian-source income. Georgian-source income is taxed. The line between the two depends on where the work is done and where the asset or business sits, not on where the money is paid.
Tax residence is a matter of days: an individual who stays in Georgia 183 days or more in any continuous 12-month period ending in the tax year is resident for that year. Immigration residence is a separate question, handled through the residence permit routes.
Georgian banks are also used by non-residents. We prepare the onboarding file and coordinate with the bank on identity, tax residence, activity and source of funds.
US citizens remain taxable in the US wherever they live. See leaving the United States. Canadians should plan the departure tax first: leaving Canada.
At a glance
Georgia in six lines
| Tax system | Resident individuals are exempt on income that is not Georgian-source. Georgian-source income is taxed. |
|---|---|
| Residency routes | Residence permits based on work, business, investment, property or family. The right route depends on your plans; we confirm current conditions with immigration professionals in Georgia. |
| Citizenship | Naturalisation exists but is not the usual goal for our clients. Georgia is chosen for residence and banking. |
| Where companies, banks and trusts can sit | Your residence in Georgia does not require your companies or accounts to be there. They can sit wherever your plan needs them. |
| Good fit for | Location-independent entrepreneurs and investors whose income comes from outside Georgia and who want a base between Europe and Asia. |
| Watch out for | Income that is really Georgian-source because the work is done there, and the rules of the country you are leaving. |
General information, not legal or tax advice. Immigration and tax rules, amounts and processing times change; we confirm the current requirements for your specific case during your Global Strategy.
The law, as checked September 2026
What the Tax Code says
- Exemption. Article 82(1)(u) exempts "income (including gain) received by a resident natural person, which does not belong to Georgian source income". Tax Code of Georgia
- Tax residence. Article 34(2): resident for the tax year if actually present in Georgia 183 days or more in any continuous 12-calendar-month period ending in that year. Tax Code of Georgia
- Rate on taxable income. Article 81(1): an individual's taxable income is taxed at 20% unless the Code provides otherwise. Tax Code of Georgia
Government fees, any investment for a residence route and our professional fees are separate costs, discussed in the Global Strategy.
Done for you
How we handle your Georgian residency application
You make the decisions. We coordinate the immigration and legal professionals in each country and follow every step, so the paperwork never becomes your job.
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Eligibility
We check whether this route fits your income, assets, family and nationality, and compare it with the alternatives before you commit.
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Documents
We give you the document list for your case and coordinate certificates, apostilles, translations and local filings.
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Application
We coordinate the filing with the immigration professionals in the country and follow it through each stage.
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Follow-through
We plan what comes next: renewals, your tax residency, banking and where your companies and investments should sit.
Does Georgia tax my foreign income?
A resident individual's income that is not Georgian-source is exempt under the Tax Code. Income from work done in Georgia or from Georgian assets is taxed. We check how your income is sourced.
Is residence permit the same as tax residence?
No. Tax residence depends on days present, 183 or more in a continuous 12-month period. A residence permit is an immigration status. You can have one without the other.
Can I open a Georgian bank account as a non-resident?
Georgian banks do onboard non-residents, each under its own rules. We prepare the file and coordinate with the bank. Approval is the bank's decision.
Will moving to Georgia end my taxes at home?
For Canadians, a properly planned departure can end Canadian residence, with a departure tax to plan for. US citizens remain taxable in the US wherever they live.
Your next step
Considering Georgia?
The Global Strategy checks how your income is sourced, which residence route fits, and where your companies and accounts should sit.