How Foreigners Can Pay 1% Tax in Georgia

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How can you pay 1% tax in Georgia? In this video, Rusudan Abdushelishvili, the Deputy Chief Financial Officer at Nomad Capitalist, discusses how you can live in Georgia and pay 1% tax as a private entrepreneur.
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
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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.

Опубликовано:

2 июл 2021

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Комментарии : 276

@GonzoJamie 3 года назад

Interesting - Very interesting indeed. Georgia 🇬🇪 is an interesting proposition with what I would imagine to be a quality value of lifestyle to be had.

@bilyonarelifestile2226 3 года назад

I need woman but she must be strong on plow

@xxxxx2084 3 года назад

I love Georgia spitting in the face of global minimum tax.

@mansgottaeat8879 3 года назад

@allankamen9875 3 года назад

I shared this on a group in Vietnam where the government is purging most digital nomads. I know there is a large diaspora of expats who have fled Vietnam since May. Many will go to Mexico, some to Indonesia or Albania or Montenegro and some are actually going to Batumi in Georgia to live. I really likes this video.

@lankstephens6374 4 месяца назад

Yes, a great video, and Georgia a great place. But what do you mean Vietnam is purging digital nomads? That's not what I've seen at all. What are you referring to? Thanks.

@xypher337 3 года назад

Georgia has a bright future!

@davidanalyst671 3 года назад

no it doesn't because Putin is next door and whenever he gets re-elected for president, he uses the russian army to take his neighbors land.

@OldMoneyInsights 3 года назад

No it doesn't because it is a prostitute to US. So military bases and labs on the ground and small agrarian economy makes it a pushover.

@alwayslearning7672 3 года назад

@@OldMoneyInsights I heard they receive 1 billion a year from the US.

@filiushermesio 2 года назад

@@OldMoneyInsights You're talking a nonsense!

@aresjack2810 3 года назад

Great info Thanks Rusudan - Great to see more of the team members sharing their advice with the community - Well Done :)

@MerlinD1968 3 года назад

Thank you Rusudan. Great video, and keep us updated on Georgia.

@derkhawkins2575 3 года назад

Great information and it was delivered well. The speed and minimal expense are very appealing. Thank you.

@smallmovezmusic 3 года назад

Your advice has truly changed my life for the better. Thank you so much.

@marcusmazdaboy 3 года назад

Lots of great information Rusudan, lots more vids about Georgia please!

@Test-vm2fx 10 месяцев назад

I registered a company in Georgia. Yes, you do only pay 1% income tax, but you pay 20% tax on products and services you buy abroad. There is a way to get around this if you buy product or services from countries that have a tax agreement with Georgia, but most of my freelancers are from countries that do not have an agreement with Georgia so I am paying quite a lot of tax.

@casualhustler6328 3 года назад

Thanks for the info, much appreciated and most useful!

@Caralda 3 года назад

I was asking myself why you didn't talk about 1% micro-entrepreneur yet. Now you finally did it, thank you 😊 This is a wonderful country for individual entrepreneur !

@ibrahim_sultan101 3 года назад

Before you start showering her with admiration, first establish if the 1% tax on income generated in Georgia is advantsgeous as this tax treatment seems to exclude a wide range of income generated outside of Georgia. Georgia has a weak economy, what kind of income can one generate operating from Georgia?

@wanderingdoc5075 3 года назад

@@ibrahim_sultan101 I can think of at least 10 business ideas off the top of my head

@tlesta666 3 года назад

@@wanderingdoc5075 can you please share some

@Caralda 3 года назад

@@ibrahim_sultan101 No need to sell in Georgia. Digital entrepreneurs can sell everywhere.

@ibrahim_sultan101 3 года назад

@@wanderingdoc5075 Feel free to elaborate on the 10 ideas.

@LelioFarias 3 года назад

Wow! I loved this information! Thanks a bunch! I'll buy your book today ! Many thanks!

@korujaa 3 года назад

You are the best, thanks a lot, great content !!!

@tomtocz7284 3 года назад

Thanks, been waiting for this video :)

@sendjameslove 3 года назад

Thank you, very informative. Georgia is still on my list of possible places to relocate to, and I appreciate all the information you are providing. Though, I must admit it took me until the 3rd pronunciation to realize that it wasn't "Interpreter" and was instead "Entrepreneur", which really elevated the game on my level of understanding. 😂 Please forgive my ears.

@wesleyn4545 14 дней назад

Don't worry you don't have to apologize for hearing things correctly

@danielcastro8387 3 года назад

I hope I can do that in 2 years. I'm just starting, but I think that is how projection works. Thank you very much. 👏🏼👌🏽

@travelsizearchitect 3 года назад

Great overview, Rusudan, thanks! I'd love to ask: Since Architecture services are not covered with this benefit, how about Interior Design Services?

@Odedf4 3 года назад

There's also the 18% VAT issue that may apply, and it requires careful examination as the VAT law in Georgia is a bit different compared to the European standard.

@AsAboveSoBelow111 3 года назад

Great content, thank you!!

@patilabhinav7941 3 года назад

You are best man thanks for educating me.

@turtleneckandchain9918 3 года назад

I thought she was a he too.

@AlbanGerome Год назад

Great video! Do you need to be a resident or not? At one point you say that residence is not required, but you need to provide an address in Georgia. Does this mean you will need a virtual office in Georgia if you don't live there?

@ChrisOstreicher 3 года назад

Very interesting opportunity for sure. I am curious what "very large investments" mean, though. If investments are my main source of income, I may not take part in this program, right? Or is there a threshold with respect to amount invested (and perhaps what class of asset) instead of percentage of the income derived from investments?

@cameronf3343 3 года назад

The country with the Caucasus Mountains having a 1% tax rate?? Oh I’m definitely interested.

@artursspiridonovs4771 3 года назад

Very nice video! Can it be done online?

@supercontious 3 года назад

Georgia and Portugal are on my list , I will contact you in a couple of months

@jonesmatthew7511 3 года назад

Thank you!

@VelocityXcel Год назад

What are the tax rules for foreign sourced income? So, income earned in a foreign country.

@russellschaeffler 3 года назад

I was born in Georgia, unfortunately not that Georgia.

@saigonexile531 3 года назад

Sign me up! lol.........Georgia has always been on my bucket list.

@martg0 3 года назад

Thanks for the video. I am curious to know how the countries will compete to attract the nomad workers of this new era. I live in Argentina, and the situation is the opposite. Here, each day the government incentivizes people to leave. 🇦🇷😭🛫

@juanpaoli 3 года назад

@Alberto Fernandez xd

@whysunisyellow9286 3 года назад

If you come to Georgia, you are required to bring three argentian women, these new requirment was passed by Georgian parliament for all latin countries.

@whysunisyellow9286 3 года назад

@Alberto Fernandez 👍

@CabroAR Год назад

Mal, yo en marzo voy para Georgia a ver qué onda

@martg0 Год назад

@@CabroAR éxitos!!!! 💪

@ianclarke4945 2 года назад

Any country that opens it's doors to people who will bring in capital/resources and not drain capital/resources is defiantly smarter than most.

@aquilomanganelli175 3 года назад

Miss Rusudan I am impressed with your English fluency and your voice is quite soothing. I could listen to you speak for many hours without fatigue. Andrew I hope you continue to spice up your content with engaging, fresh faces!

@futurekron 3 года назад

This is perfect for someone like me. Does Georgia have a similar treaty as Europe with the US where I can earn up to $90k and not be double taxes by the US?

@ohkav 3 года назад

Georgia has double taxation treaty with 56 countries, i believe usa is not one of them, but i might be wrong.

@whysunisyellow9286 3 года назад

Yes, I checked it and you can earn up to somewhere 120,000 and not get double taxed. You should check it again but I am pretty sure on that.

@shaneoconnor1407 3 года назад

Other information I've seen states that it is not a 1% tax on Georgian sourced income but on gross business turnover. Could you please clarify this? Otherwise, this would suggest that a tax on business turnover would also presumably cover foreign income as well.

@ohkav 3 года назад

no Georgia does not tax your foreign income unless if you are operating(and registered in) from Georgia to provide products or services. e.g. you are registered either as individual enterprenuer or LLC or whataver, and provide service to someone in london, vienna or new york, that income will be taxed same as income from local sources unless if there is double taxation aggrement with a country and you can provide proof that you are paying taxes on that income in said country.

@prakashbandekar4927 3 года назад

But does this give a right to stay in georgia like temporary residency as you said we can go straight from the airport to register. If i open a eatery or cafe will this work.out.

@mehmetemrahozyazgan1000 Год назад

i want to ask, if we have a short term stay (30 - 40 days of airbnb flat rent) and then we move to another flat, should we update our address, or what if we decide to live in another country for 3 months? is it a problem if our legal address is used by somebody else after setting up company?

@madhusangala5376 3 года назад

Can you please give list of activities that an entrepreneur can engage in.

@turbokid8719 3 года назад

Well I’m interested in Georgia 👍🏻

@Elemental1331 3 года назад

I got a sudden urge to move to Georgia 😍😍🥵

@tubekrake 3 года назад

Do you have to collect VAT if you provide IT Services outside Georgia?

@bernhardhoffmann530 3 года назад

What about trading forex or financial instruments?

@hindenburgminsky7638 3 года назад

Only 1%? OMG that's heaven to me!

@robertjosan 2 года назад

Just to be clear This 1% income tax is money earned in Georgia, how about income earned outside of Georgia such as the US stock market?

@WrikSen 3 года назад

There are some products like Indian fabrics, or even ready made products like Bags which can be exported from here in India, to abroad.. Ladies bags, other laptop bags, can find a good audience in Georgia, because of the new aesthetics.. Would it make sense to establish an import-export business in the country, and how to go about doing so??

@dendimaster5528 3 года назад

Im from tier3 country and want to start dropshipping ecommerce. Is it possible to register in georgia at distant? Every guru saying to open us llc or uk ltd maybe can try georgia?

@carsonnavigator4066 3 года назад

Maybe I missed something: how much time must I spend in Georgia per annum to make used of this scheme? Great stuff

@mansgottaeat8879 3 года назад

kind of a backhanded comment , you could of called it a program which it is

@Joseph.Gallardo Год назад

182 days.

@lankstephens6374 4 месяца назад

We need clarification from her, but she said that you do not have to be a Georgian Tax Resident to be a private entrepreneur, and as far as I understand, 183 days or more = G Tax Res.

@erikjanse3994 3 года назад

What about wealth taxes or stock gains taxes in Georgia?

@JoaoBaltasar-cj4yt 19 дней назад

Hi, there is a minimum time that is mandatory to live in Georgia? It’s possible to provide investment consulting to foreign companies to apply to 1% tax? Thanks

@aamirpatel8240 Год назад

in 2019 i visited georgia for 6 days only. i wish i stay long very beautiful country people are very kind and helpful.. Mam I have one question can Crypto Traders live in georgia, how much days live & which visa required please Guid..

@jpvskyfreak 3 года назад

Does setting up the registration for this entrepreneur scheme also allow you to reside there ? AKA can you get the entrepreneur residency like Portugal

@uglyboydonk 3 года назад

I tried pronouncing her name.

@himpoet 2 года назад

An official link to this information would be useful.

@zer0gravity184 3 года назад

I thought Schwarzenegger was a long last name...I stand corrected.😯😁

@mobileandroid5299 3 года назад

Booking my flight to Georgia right now

@turtleneckandchain9918 3 года назад

No you’re not - don’t lie.

@unobas8100 3 года назад

this include also capital gain?

@t3r083 3 года назад

But if you are a US citizen you still have to pay federal taxes to the US right?

@saadaljabri3766 2 года назад

What do you mean lose the status? Or should I change to company type?

@thomasthumim7630 3 года назад

Thank u for the eye candy Andrew U r a man after my own heart

@CamaraTheCapitalist. 3 года назад

So if I’m making my money online in the United States economy via Facebook, ebay, etc. are you telling me that if I become a Georgia “Private Entrepreneur” I will now only be required to pay 1% in taxes on my online earnings?

@4ivar 3 года назад

Are IT-consultants eligable?

@nickromero8875 3 года назад

But if you are a US citizen, don't you still have to pay USA taxes on all income even if you set up in Georgia?

@scoobydoo3322 3 года назад

If i understand correctly, If i live in Canada or the U.S, & I register for this advantage in Georgia, i can benefit from reducing my tax burden? If i make 100k CAD or 100k USD (125k CAD approximately), And i am registered in Georgia as an entrepreneur, i can pay the Georgian tax rate without suffering from the Canadian or American tax brackets?

@Thomas-xj8bf 3 года назад

If you're American, you still have to pay 15% self employment tax to the US government even if you are using Foreign Earned Income Exclusion, so you'll be paying 1% to Georgia and 15% to the United States.

@mansgottaeat8879 3 года назад

16% is better than 40%

@Thomas-xj8bf 3 года назад

@@mansgottaeat8879 Indeed, but the title is massively misleading as people are not reminded of their US tax obligations.

@Thomas-xj8bf 3 года назад

@@mansgottaeat8879 Aka, you do not pay 1%.

@jimmyli8014 3 года назад

Can I apply for a permanent residency in Georgia for such type of small business ?

@merlinsreturn 3 года назад

Hi Rusudan, I would be very interested in coming to Georgia, buying farmland to grow organic food crops, hire Georgians and export/sell produce that will provide food and foreign exchange revenue for Georgia. Does the government of Georgia give incentives like passive income/dividends for those who grow food crops on land they own like some of the South American countries are doing?

@kd6dash3dot7 Год назад

Agriculture land is only available to citizens.

@macdee7019 3 года назад

you have to be an interpreter? and does this include capital gain?

@DomDoesVideo 3 года назад

Can anyone in the comments clarify if this would cover my capital gains and dividends?

@dlukton 3 года назад

Interesting.

@mobileandroid5299 3 года назад

Are trading companies eligible?

@TWA0 3 года назад

what about Visa? Can we get Resident Visa or something?

@samlashari81 3 года назад

I have registered company in Georgia but based on that company, I had applied resident permit which was denied. Disappointed with the immigration authorities.

@azizsiddique1937 2 года назад

You turnover should have crossed Atleast 35k USD/ year to be eligible for residence permit, it doesn't work like you just open company and apply for permit

@ryanp1540 3 года назад

it wasnt quite clear to me, after 2 years of exceeding that 158k USD threshold and pay 3% for those 2 years, you lose status and then what? taxed a higher % ? or ?

@sirgalahad2 3 года назад

Yep taxed at the normal 20% tax rate.

@robjohnson7878 3 года назад

Unfortunately as a US citizen I am still obligated to pay all income taxes to the US unless I choose to give up my passport for another country.

@oliveribanez 3 года назад

Would this be good for youtubers/online content creators? Would only pay 1% tax if my income comes from Google/Facebook and other foreign websites?

@CrezyTron 3 года назад

According to the Georgian law, online content is not taxed at all(I'm not expert but i think so) if you are youtuber or online content creator you don't need to establish any company you could just fly to Georgia and do whatever you want.

@CrezyTron 3 года назад

A lot depends on the income

@oliveribanez 3 года назад

@@CrezyTron interesting if true

@ohkav 3 года назад

@@CrezyTron online content is not taxed but income wether it's from online content or onlyfans is income and is taxed.

@AlpineDividends 3 года назад

following

@watcher9997 2 года назад

The program name is called "Remotely from Georgia".

@Spamsational 2 года назад

3:47 what is that? Excise taxes? Excess taxes?

@ianbrown5955 5 месяцев назад

So if a guy trades for a prop firm and makes his money trading as a small business, can he have his money put in a Georgian bank, pay taxes Georgian taxes, and live in another country?

@MarinaBoniuk 8 месяцев назад

An airbnb address can be accepted for that?

@danielj3010 3 года назад

she is the best.

@RandomUserName92840 3 года назад

Smart and beautiful. Hard to find in the west

@turtleneckandchain9918 3 года назад

No she is not the best. Andrew’s dad is my type of eye candy.

@alexlizogub1 3 года назад

Does 1% apply only to Georgian-sourced income? So if I have a Canadian client - my income from that client will be taxed at a different tax rate?

@ohkav 3 года назад

no i believe same tax rate, unless if you are paying taxes on that client in canada in which case double taxation will nill your tax in Georgia.

@ptliang011 3 года назад

Is that 1% per month or 1% per year?

@fair98fair 3 года назад

How do i get Georgian citizenship?

@rickc.3552 3 года назад

So, if you make over $150K per year for 3+ straight years, you’re no longer eligible? This doesn’t make sense for those of us who make 7 figures a year.

@mansgottaeat8879 3 года назад

i'm guessing there's a short time period you have to wait and then you can reapply for another 3 years

@randalltrainer9110 3 года назад

Rick, see my reply to Wolfgang Wust above. No few UHNW folks from all over live in Georgia (like me), in part because of their favorable tax laws. Get the full and factual picture of Georgian taxes, and I think you will understand why, whether it works for you or not. For example, Georgia doesn't tax crypto gains or income at all, or any foreign investment income. Georgian taxes are remarkably few, simple, and low.

@rickc.3552 3 года назад

Thank you Randall.

@goatface6602 3 года назад

If I must pay 1% before the 15th day of the following month do I pay the annualized rate ( 1% /12)? Otherwise it’s 1% percent per month. Both are cheaper than where I am now.

@JS-fd5oh 3 года назад

It's still 1% total per year even if you pay 1% each month from 12 times smaller monthly amount.

@TheDenn0088 3 года назад

What about capital gains from crypto? :)

@geraldenright9845 3 года назад

I heard a very quick reference to this tax applies to "income in Georgia". If I have other sources of income from outside the country how does Georgia treat that?

@MrGurujohnny 3 года назад

Also had the same question

@randalltrainer9110 3 года назад

Georgia has a territorial tax regime, which normally means that it does not tax anyone's income coming from outside Georgia, including all forms of passive income, such as pensions, dividends, interest, capital gains, etc. However, very recently an exception has been introduced, which I don't yet fully understand. I think that the general idea is that if an expat business owner is tax-resident in Georgia and he/she does work within Georgia to run a foreign business, Georgia does tax that income somehow. Exactly how and how much I don't know.

@stevenharrisnz 3 года назад

@@randalltrainer9110 Thanks Randall. So if you're earning Foreign Income and Georgia is not taxing it, who taxes it?

@randalltrainer9110 3 года назад

@@stevenharrisnz That depends on your citizenship, your residence, and the countries where you have investments or business interests. If you are a US citizen or green-card holder, you must file and pay US income tax on your world-wide income of all types, regardless of where you are living. (This may or may not be subject to the IRS Foreign Earned Income Exclusion or double-taxation treaties with certain countries). If you are living in some countries, they may tax you on worldwide income. The countries where your investments or business interests are located may tax you. If you carefully choose your citizenship and places of residence (or tax residence) and countries of investment, you may not be subject to any income tax or capital gains tax, so long as you are not a US citizen. This is very complex and requires much knowledge of tax laws, but it is perfectly legal. For example, a non-American living in Georgia and investing in stocks of US companies on US exchanges owes no tax on their capital gains, but if the stocks pay dividends, the US will withhold tax on the dividends. If the companies are incorporated in Bermuda (like many shipping stocks), he would pay no tax on either dividends or capital gains, even though traded on a US exchange by a US brokerage.

@stevenharrisnz 3 года назад

@@randalltrainer9110 Excellent reply Randall, thanks. Curious about "digital nomads" who earn AUD, USD and Euro's online by providing location independent services. I assume that once an Australian citizen has legal tax residency in a country like Georgia, that person no longer needs to pay income tax to the Australian government (because they are a legal tax resident elsewhere) Is that correct?

@WolfofGolfStreet78 3 года назад

Are there any golf courses in Georgia?

@ohkav 3 года назад

2 or 3.

@adriansaw8329 3 года назад

If one runs a fund that makes a few million per annum will the fund or the person be liable for capital gains tax?

@lankstephens6374 4 месяца назад

She needs to answer that!!! I thought Georgia has no capital gains tax, so we need clarification from her for sure!

@stevenharrisnz 3 года назад

How many months of the year do you have to be inside Georgia?

@TravisMoore 3 года назад

This is exactly what I was wondering

@Joseph.Gallardo Год назад

182 days +. It's all online guys.

@martinsanders6404 3 года назад

“That every man who puts money into the hands of a "government" (so called), puts into its hands a sword which will be used against him, to extort more money from him, and also to keep him in subjection to its arbitrary will.” -Lysander Spooner

@falcon127 3 года назад

HOW ABOUT MY US SOCIAL SECURITY AND MY US MILITARY RETIREMENT!? I AM 66 YEARS OLD AND RETIRED!

@wanderingdoc5075 3 года назад

Hello, I'm a board-certified diagnostic radiologist. I'm curious if I can do this M.D. job in Georgia and pay 1% tax? I speak Russian if that matters but my medical training is obviously in English. Thanks!

@wanderingdoc5075 3 года назад

@@fredsting9515 I intend to but I need some guidance. Can I really just pay a 1% tax?

@evilhairlessmonkey7700 3 года назад

If I had to chance to bailout I would take it. Since you got skills that can be used aboard., You should go for it.

@wanderingdoc5075 3 года назад

@@evilhairlessmonkey7700 Yea I have my last 1.5 left of service. Have to do it in the US unfortunately. Have been abroad for many years. Then it's off to explore! Fortunate that I don't need the paycheck anymore. I'm a huge fan of the Georgian food and people :)

@ohkav 3 года назад

if you will have your own practice as an individual entrepreneur then YES, but if you will be an employee in some clinic no. (other rates apply)

@ohkav 3 года назад

p.s. medicine industry is stil heavily regulated so you need consult lawyers if you can have your own pracice for that specific job.

@VIDSTORAGE 3 года назад

How much does an individual have to be worth to immigrate to Georgia ?

@ohkav 3 года назад

it's not how much you have it's how you earn. if you are a truck driver in USA, and move to Georgia to pay 1% tax, keep in mind your income will be funny to you, but if you e.g. plan to put like 1 mil USD in a bank savings account and live off that then yes it's a good idea, or if your work is done remotely than also a good idea because it's not just low tax, it's also cost of living. and you would be saving a lot .

@randalltrainer9110 3 года назад

@@ohkav is correct. I met an American retiree who has lived here 5 years on just his ordinary Social Security check, which is a lot more than most Georgians make working full time.

@caseybachmeyer 3 года назад

do i have to stay then 183 days per year in georgia?

@lankstephens6374 4 месяца назад

She said you do not have to be a Georgian Tax Resident to be a private entrepreneur, but she did not elaborate. I think the 183 or more days = G Tax Res...

@ssanonswu2010 3 года назад

how about the process of setting a Georgian limited company?

@emokekepiro2431 3 года назад

that is a good question! i would like to know too, i am registered in the UK and would rather move out from here :D

@ohkav 3 года назад

1 hour and i think 40$; don't remember exact amount but under 100$, if you give yourself salary, e.g. 1250$ you pay 250$ as tax, and get 1000$ in bank account. same % is paid if you opt to pay profit tax and dividend tax and take money out as dividend instead of salary. small and medium size bussiness does this ussualy as salary. but you may opt to put the money in some financial instruments in that case you will pay capital gains tax which is either 1% or 0%

@g50irene 3 года назад

@@ohkav Do you live in Georgia? I need some guidance to travel there and set up a company.

@QQQBall 3 года назад

"Tax filing is very easy." Wow

@tutrasteros 3 года назад

Can a stocks trader either apply to this process by creating a 1 person stocks-investment company, or not that but even easier: personally investing his money? Would any of those cases be subject to that 1%? Thanks so much for clarifying. Best regards

@ohkav 3 года назад

stock trading is capital gains which is 0%

@DomDoesVideo 3 года назад

@@ohkav I stand confused whether capital gains is taxed at normal income tax rate or at a different percent. Would you be able to clarify?

@ohkav 3 года назад

@@DomDoesVideo normal income tax rate for LLC is 15% +5% divident tax. and capital gains is 0% tax for both LLC and individual

@kadirkartal5540 2 года назад

Although my English is not advanced, I understood what you said very easily because you speak English like a Turk.

@lloydmcleod629 3 года назад

Could day traders qualify? Or is that considered part of the "big investment" category?

@ohkav 3 года назад

no day traders have 0% tax. it's considered as capital gains. (as far as i know)

@adriansaw8329 3 года назад

@@ohkav no capital gains tax? Can I set up my investment fund and work out of Georgia (be a tax resident).

@ohkav 3 года назад

@@adriansaw8329 yes of course, you will still have other taxes like payroll when paying salaries and VAT when buying goods and services

@mansgottaeat8879 3 года назад

@@ohkav i thought capital gains was only for people who hold for a long period of time like 1 full year and daily traders are treated as regular income , no or?