Should You Incorporate a Company in Georgia?
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- Опубликовано: 2 фев 2020
- nomadcapitalist.com/
While we have been big supporters of the country of Georgia for years, we’ve never made a broad recommendation to incorporate there unless you plan to start a local business.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
People are following your footsteps because you are a legend and it takes guts to do what you are doing.
Thank you, Solomon.
I'm young entrepreneur based in Canada can't wait to leave the country live in Georgia . The county is beautiful country full of history and low taxes. Keep up the great content Andrew. You're true inspiration!
What do you think about the Virtual Zone license?
Quote: The Virtual Zone is the first choice for any company in the IT and IT-related sector because of:
- the 0% corporate tax,
- 0% VAT,
- 5% capital gains tax on dividends (due when dividends are paid out to the shareholders), no annual license fees”.
I just started following you a week or so ago and I love your content. Something I have not seen a video on is how to have the Nomad Lifestyle with a family!?
Love that scene behind you. Love talking about Georgia. Been there last year.💕
What is the tax breaks like in Georgia for coperations? I cant seem to find a solid lead for that.
What are you calking about, I travel to Georgia twice a year from USA. I pay by Card all the time besides some small mom and pop shops or taxi. TBC and Bank Of Georgia both have Merchant Account
Im planning to setup an APP company, basically just receiving APP revenue through Google or Apple or 3rd party credit card provider. My outgoing costs, mostly by company debit card for advertising.
I am allergic to paperwork and bureaucracy. Would Georgia be a good country choice having that in mind?
I am Swedish btw, and want to leave Sweden for tax and ideological reasons.
Thanks for any answer.
Feel free to reach out to us at www.nomadcapitalist.com/apply if you'd like some help.
Hey man! I am Swedish too and I want to leave Sweden!
Have you found any interesting ways to do this??
I am looking at Dubai, Georgia and Malaysia right now... I don't want to pay high taxes and hate bureaucracy too!
With the merchant account problems in Georgia where would be a great country to start an e-commerce business? Thanks Andrew!
We've never really advised incorporating in Georgia if you aren't going to live there.
@@nomadcapitalist Thanks. I am binge watching your videos on going offshore. I want to compile questions based on what you have said. 😀
Setup company in Georgia is so easy it takes max two days but they are so strict in getting resident permit and now whoever had temporary resident permit they are not renewing it. As andrew said not every country is good in everything. Its nice to live there its so cheap. I have been there three times but due to trp issues I pulled out.
you are right brother sameer
what is trp issues?
Hi Sameer. Would you say it ain't worth hiring a law firm to help with setting up a company? I am considering incorporating in Georgia as long as I get the 1% tax tier (for low income). Also, why would it be a problem if I'm not a resident (although I would consider changing that). Thanks!
@@himpoet please do it my friend
@@davidnebadze5891 I decided to go for the freelancer registration. 1% tax and I get to live in the country. I’m just not 100% decided on doing it myself ir hiring a professional. It’s not expensive.
Are people from Argentina 🇦🇷 welcome to open a company in Georgia? (asking for a friend)
I staying in Qatar I would like to visit Georgia with tourist visa then I want to open a small business like restaurant or groceries shop. So is that possible for me to open business licence with tourist visa and then convert tourists visa to businesses visa? Or how can I start people advice me. i appreciate thank you
Please email help@nomadcapitalist.com and our team can assist you.
I'm glad I came back to watch this video again.
I'm looking for a location to incorporate my new business, and Georgia was first to come to my mind, but from watching your video - it doesn't fit for my needs (it's an eCom business).
Where would you recommend me to look for?
I own your book, so if you wrote about it already - I'd be happy for a reference.
Have you found a good solution?
Hey I'm looking for the answers too..
How can i email you or your company how can we meet or text
The word you use many times is.... Planning. People should invest some time in looking through as much of your video’s as possible or otherwise get in touch with your team.
It sucks but sometimes you have to make a video like this as a disclaimer 🤷🏼♂️
If not Georgia, then where? Haha. My aim is to start a business and I happen to be moving to Georgia.
Did you end up moving there?
Sir what is the tax slab in Georgia?
Good day Prof. Good day Nomad Capitalist Team. Good day Class.
Why don't you speak about Dubai and opening the different companies you can open in Dubai? Free zones, LLC, etc
We did: ruclips.net/video/ZVGIX1t5mfc/видео.html
@@nomadcapitalist thank you!
It is 31/11/2021 - I am actually shock to hear Georgian banks cannot help with a "merchant account". If it's still the case today, then I'm afraid they will put off a lot of potential clients. That's for sure. However, I most certainly hope the Georgian banks woke up since you made this video.
I believe it's much much more modernized in this way these days. Remember, global modernization in Georgia is pretty new now post-Soviet rule, but they're catching up FAST for sure
@@leebarbs7176 Glad to hear that. They should just keep the communist Russia, the USA and the UK out of there at all cost.
Georgia is the worst country I have visited so far. I do not care about saving tax when people are just so unpleasant and the city is a run down place. Young Georgians leave the country and move abroad. Now I see why.
What the fck. Georgia is not the state in the us you are talking about. It is the beautiful country in the caucasus. Not a usa state.
When did you visit? I just got back & it was downright delightful top-to-bottom
Do you get a lot of people putting words in your mouth like this? I don't even have 1000 subs yet and I already notice it happening to me.
The messages are being distorted when transmitted between people, but it gets really annoying sometimes, I admit it 🙌
@Po Polsce you miraculously have 50k subs with a few videos and no views? How did you do that?
To be expected. Grapevine effect. Good to figure out how to manage it sooner rather than later. Which includes accepting it.
@@brigitalarsen7335 yeah that's what I'm doing, doesn't really matter what others say.