Finally!!! someone who knows the subject and explains it efficiently. I came to Tbilisi 7 months ago and couldn't find anyone that explained the procedure as well as she did. Thanks
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I moved from Australian in January. Setting up a bank account is super easy. Joining up with a premium bank like SOLO is recommended. Pretty nice and laid back place. Don't expect first world infrastructure. Its still pretty good value overall. Super safe and people are nice.
I visited Georgia for the last 2 weeks. I enjoyed both Batumi and Tbilisi. To things surprised me, 1) it's expensive (consumer goods). Either same as or in some cases double what you pay in Australia. 2) Very hard to break 50 or 100 Gel No one has sufficient change. I went to 6 places at one time and even a casino refused. 3) Use bolt , taxis will rip you off even if agreed price before you sit down. They will make an excuse to take an extra 5-10 Gel. Generally people are nice.
Unfortunately laws in Georgia aren't working as those proclaimed those should. Residence permits are getting denied MASSIVELY and the reason is the same bogus "you are a threat to the State of Georgia". My Chinese friend got a permit, on investment over 100k and then when submited for a renewal, got denied. He only has 3 months to get it, or to reapply, if not get out of the country. So that's how Georgia welcomes investments. I got my permit over 100k, but my son and my wife got denied (real estate over 100k), because they are ....drumroll....may be a threat to the State of Georgia. There's no logic in how they issue those permits. It's totally random. My Russian acquaintance girl who got married with a local guy, got denied. Threat to the State of Georgia. Just think of it. They actually call INVESTORS a potential THREAT.
Probably an anti-Russian anti-Chinese measure as they try to lick Western boot more without getting the Russian boot on their neck again. I opened a business in Georgia not long ago but didn't apply for residence. Your experience discourages me even more.
@@maheenhaider8164 Sorry, but your use of "Even though" doesn't make grammatical sense. What were you trying to say after "Even though they reject asian investors" ??
Thank you for your opinion and report. "...totaly random" is the death of trust. I struggle... (see comment oboce). It's not too late to abort my activities... Your son and wife are connected to other countries ?
Stop simping man just stop. Even a stock presentation gets goofs simping in them. Have some self respect man. Seriously, stop grovelling at this 45 year olds feet because she’s a woman. It’s pathetic.
Double or more in the best areas of Tbilisi, and at least 50% elsewhere. Folks from out north keep coming in. Expect bidding wars for nicer apartments.
They're basically like any other women from Serbia/Montenegro/Latin America. I mean, there are differences, but it's pretty much the same. Don't be a simp and you'll be fine.
Would like to know about the tax position of a single owner business buying/selling antiques mainly through auction companies worldwide. Items would enter and leave Georgia.
Do you think big compines like apple , Google , Cisco , juniper , hp , samsung will invest in such environments ??? Think about? Who you allow them for this activities compare pro and cons, before continue doing that ???
Georgia is a banana state. What about 75% of the IT Virtual Zone companies which are in dispute with the tax authorities about taxes which have to be paid several years for the past, they seem to have their own interpretation of the laws which is deeply worrysome. Nothing is secure in Georgia. Parts of government and tax department working against each other and making Georgia just an insecure business region.
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
Georgia has a double taxation treaty with the UK that states income tax payable on pensions is to be paid in country of residence. If residence is gained in Georgia does that mean that zero income tax is payable on pensions paid out from the UK due to Georgia having a territorial tax system?
@@LikaAtNomosGeorgia Thanks for the reply. Are you able to clarify if the UK would also not tax the pension if Georgian residence is proven for tax purposes (180+ days in Georgia and certificate of tax residence), and double taxation treaty is implemented?
Its easy, yes, but it's not easy to get a Bankaccount for LLCs when you don't have a georgian Company Director. So is Georgian a good place for doing business ? Not for everyone. Sometimes I have the impression that a lot of things don't work the way they're told. I've lost trust. Come from Germany and start a Engineering Company [LLC] (Machinery, not construction). The reports/comments about bad things in doing business are not the best for georgia. I will stop high tech business activity in georgia this year.
Until someone with better information can comment, I would note the following: (1) The short answer is not very able at all. Georgia is small and its main military threat is Russia, which invaded in 2008 through its proxy South Ossetia. I think that around that time, S. Ossetia went from being an autonomous oblast of Georgia to being a de facto part of Russia. So Georgia has been stable for all of 14 years, but it has feisty neighbors -- Ossetia, Dagestan, Chechnya, Azerbaijan (mostly a problem for Armenia), and eventually again Russia (or perhaps a successor state). There's a saying of disputed provenance that I prefer in the form 'the Balkans produce more history than they can consume locally.' Historically, that history was exported to central and western Europe. The Caucasus is similar, and its excess history has been kept in the "prison house of nations" (Russian empire). While Russia has its hands full in Ukraine, its clients and near abroad are temporarily on their own. Now that Russia is being pulled down a peg or two, things are getting exciting. (2) The "partial mobilization" of Russian reserves (wait, sorry: anyone they can find to impress into service as cannon fodder) that began in late September has triggered an exodus of hundreds of thousands from Russia, and Georgia is one of the few adjacent countries they can flee to. So Georgia has a refugee crisis huge enough to cause a general housing crisis. The options for onward exit are limited for most Russians there. Georgia will really need some help to handle this, but it is not an EU member and none of its neighbors is.
nice to place to visit. Nor sure about living in there. People r a bit rude, unless you are from western country they will be ready to please you. We didn't have a good experience with Georgian people unfortunately.
@@sshetty9683 many people with IT Virtual Zone companies left the country because tax authorities had a different interpretation of the tax laws in opposite direction of the incentives. And this were people with base in Georgia. Working remotely with a Georgia IT company is unsecure and has no substance.
IT companies depends on 100% Stable internet and Electricity ? do you offer such Services ? Data Centers etc.... I am Computer Engineer ? Also IT Companies depends on Security ? Hacking Activities will Kill their Business ??!!! You Know.
my hesitation with Georgia is how their leaders are falling into the anti-Russian / Russophobia trap when instead they could just be peaceful neutral border country ...
Georgia ranks 99 in global peace index. It is not a low crime country. Also Europe is struggling and on the brink of collapse due to Russian oil and gas restrictions. I think it is better to look at Asian countries to start a business
Hello, trade with a cryptocurrency/virtual currency is not regulated under Georgian law. According to the tax code of Georgia (13.2 and 16.2), the supply of any exchange of cryptocurrency and the transfer of ownership of virtual currency is exempt from VAT in Georgia. Additionally, the income received by a natural person from the supply of crypto assets is exempt from personal income tax.
Professionals don't elaborate on their work, they allow you to experience it in your profit. Mr Ethan Ryker is not some one you easily come across or get in touch with, am so happy to work with this man. all thanks to you Sir.
Lika spoke clearly and pleasantly. I am picking the speed of speaking is an issue as a second language rather than typical things we would associate with fast speaking (nervousness, etc). There have been other presenters on here that also spoke quickly. As another suggested, slow the video down perhaps and enjoy the wealth of information Like provides with a smile. I really enjoyed watching this at the end of an ugly day on the ASX market.
She is the founder of Nomos legal firm.. stunning but sharp as a knife if you were in her bad books. Are you a bull rider, by chance? Maybe she would be too smart for a simple man such as I :)
