Registration of individual entrepreneur in Georgia for a foreigner: documents and next steps

Registration of individual entrepreneurs is only the first stage

An individual entrepreneur acts on his own behalf. Before registration, it is important to determine the actual activities, clients, countries of income and contractual risks. This data influences subsequent tax and banking actions.

What to prepare in advance

• a valid identity document;
• legal address option and necessary consents;
• an accurate description of the activity;
• contact details;
• understanding who will keep records and file returns.

Small business status is not automatically enabled

Registering an individual entrepreneur and obtaining a special tax status are different actions. The applicability of the status is checked by type of activity, composition of income and current restrictions. You cannot promise a 1% rate only on the basis of the fact of registration of an individual entrepreneur.

What to check after registration

• tax registration and access to electronic services;
• the need to apply for special status;
• income accounting procedure and reporting deadlines;
• possible VAT obligations;
• bank requirements for activities and source of funds.

When is the best time to choose an LLC?

If there are partners, investors, shares, increased contractual risks, or a separate legal entity is required, it is worth comparing an individual entrepreneur with an LLC before submitting an application.

Official sources

• Georgian Revenue Service - electronic services
• Revenue Service - Application for Small Business Status