Frequently Asked Questions
Below you find a list of our most frequent asked questions, divided by topics.
Study in Georgia
Is there an age limit for admission to the University of Georgia?
No, there are no restrictions.
When should I apply?
Document submissions are accepted year-round. Typically, Georgian universities operate on a two-semester academic system, with admission periods in September/October and February/March.
How long does the enrollment process take?
This takes 30-45 days from the date of application.
What are the English language proficiency requirements?
Applicants should possess at least a B1 intermediate level of English proficiency. While an international English certification is preferred, it is not mandatory. Candidates have the option to take an English language exam directly through a Georgian university of their choice, available online.
Do universities provide accommodation?
In selected instances, a few universities offer on-campus housing. However, securing long-term accommodation in Georgia is generally affordable.
How many universities can I apply to at the same time?
You are allowed to submit documents to multiple universities; you can apply to several at once.
Can I study online or through distance learning?
No, all programs at Georgian universities are full-time on site basis.
Can I transfer from my home university to the University of Georgia?
Yes, you can. After your studies are recognized, the university will issue an ECT recognition document
How do I check if a university is internationally recognized?
You can verify the international recognition of your chosen university by checking it on the official websites of the relevant recognition bodies.
What advice would you give to international students?
Choose wisely, enroll in the program you're passionate about, and immerse yourself as an engaged student. Give it your all!
Individual Entrepreneur in Georgia
Who Can Receive SMALL BUSINESS Status In Georgia now?
– Resident of any country who decides to register as an individual entrepreneur in Georgia – Individuals whose annual turnover does not exceed GEL 500,000 in two consecutive years
What If My Annual Turnover Exceeds GEL 500,000?
If your annual turnover exceeds this amount, your tax rate rises to 3% from the month you get more than GEL 500,000 turnover and continues until the end of the year.For example: Your turnover exceeded GEL 500,000 in September 2021. Your tax rate becomes 3% from September till December 2021. Beginning in January 2022 you return to a 1% rate until turnover exceeds the limit again.
What Kind Of Business Activities Are Allowed For SMALL BUSINESS Status Owners?
– Marketing services – Cryptocurrency trading – Online trading – Intermediary services
What Kind Of Business Activities Are NOT Allowed For SMALL BUSINESS Status Owners?
– Activities requiring special licensing – Production of excise goods – Gambling – Financial services and operations – Advocatory services, Law firm – Tax and legal consulting – Foreign exchange transactions – Medical services – Architectural services – Auditory and notary services – Beauty centers – Car repair services
What Is The Time Frame For BUSINESS Status Registration?
An individual entrepreneur can be registered and receive status in a day. Small business status and the 1% tax rate, however, are only valid from the first day of the next month.
What Kind Of Incomes Are Covered By The 1% And 3% Tax Rates?
All incomes that are received from selling a service or product.
What Kind Of Incomes Are Not Covered By The 1% And 3% Tax Rates?
– Incomes in the form of a salary – Incomes from property leasing – Incomes from loans – Profit from gambling – Incomes from gifts – Profits from selling property, vehicles, securities – Incomes from inherited property – Incomes in the form of dividends – Incomes from interest rates – Incomes in the form of royalties – Incomes from debt forgiveness – Incomes received from the sales of partner shares
How Often Do I Pay 1% Tax, And How Do I Report It?
The 1% tax rate is payable every month (no later than the 15th day of the next month). Simple tax declarations must also be sent no later than 15th of each month. Apart from that you should keep a special journal proving all of your expenses. Our accountant can handle all the paperwork if you don’t want to do it yourself
How Many Days Should I Plan To Be In Georgia? Can I Receive IE Status Remotely?
You need to plan to be here for a minimum of 3, an average of 4, and a maximum of 5 days.But a visit is not required. We can open both a company and a bank account within a week with just a Power of Attorney.
How About Banking For IE?
A bank account for an Individual Entrepreneur can be opened both in Georgia and in Digital Banks
When Is My SMALL BUSINESS Status Cancelled?
– When you contact the Revenue Services office to cancel it – If your annual income exceeds GEL 500,000 per year in two consecutive years under active SMALL BUSINESS status
Free Zones and Taxation in Georgia
What Kinds Of Activity Are Forbidden In Free Zones?
According to the law on free industrial zones the following activities shall be prohibited within a free industrial zone: a) manufacturing arms and ammunition, trading in arms and ammunition; b) manufacturing nuclear and radioactive substances, trading in nuclear and radioactive substances; c) bringing in, storing, manufacturing and/or selling narcotic and psychotropic substances; d) bringing in, storing, manufacturing and/or selling tobacco products and/or tobacco raw materials, except as provided for in the second paragraph of this article.
Do I Need To Renew My Free Zone License?
Yes, it is obligatory for Free Zone companies to renew licenses annually
How Can I Register A Company In A Free Zone Remotely?
You can send us a POA (Power of Attorney), and we will represent you in all required state institutions.
Are There Any Additional Fees For Having A Company In A Free Zone?
Depending on your needs, Free Zone administration can charge different rates for services. We can help select the best option to avoid paying more than is necessary.