Registering as a Small Business is one of the smartest decisions you can make when starting a venture. Here is why:
As long as your annual gross income (turnover) does not exceed 500,000 GEL, you pay only 1% of your revenue in taxes.
Registering as an Individual Entrepreneur (IE) at the Public Service Hall takes just one business day. After that, you can easily apply for Small Business status with zero bureaucratic hurdles.
You do not need expensive, complex accounting software. Keeping track of your business is as simple as logging your income and expenses in a standardized journal.
Thanks to the highly flexible tax regime and saved capital, you can afford to offer much better, more competitive prices to your customers.
The entire process is designed to be low-maintenance, giving you more time to focus on actually growing your business rather than dealing with paperwork.