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Real Estate Tokenization: A New Frontier for Georgia’s Property Market

Real Estate Tokenization: A New Frontier for Georgia’s Property Market

Real estate has long been considered one of the most stable and attractive asset classes worldwide, yet it remains one of the most illiquid, requiring significant capital commitments and entailing lengthy, expensive transaction processes. In recent years, blockchain technology has given rise to a transformative concept known as real estate tokenization, the process of converting […]

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Tax Audit Services in Georgia

Tax audits play a critical role in ensuring that a company’s tax position is accurate, compliant, and aligned with Georgian legislation. In practice, a properly conducted tax audit allows businesses to identify potential risks in advance, correct errors, and avoid additional tax liabilities, penalties, and interest. Tax audit services in Georgia are particularly relevant in light of increasing scrutiny by tax

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Personal Income Tax for Non-Residents in Georgia

Personal Income Tax for Non-Residents in Georgia

Georgia has developed a straightforward and competitive tax system, which is one of the reasons it remains attractive to foreign professionals, investors, and property owners. For individuals who are not Georgian tax residents, personal income taxation generally follows the source principle: only income derived from Georgian sources is taxable in Georgia. Understanding whether income is

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Competition Law in Georgia: Merger Control

Competition Law in Georgia: Merger Control

Merger control constitutes a central component of competition law enforcement in Georgia. It is designed to ensure that structural changes in the market, such as mergers, acquisitions, or the establishment of joint ventures, do not significantly restrict effective competition. The legal framework governing merger control is established by the Law of Georgia on Competition (the

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Recognition and Enforcement of Foreign Court Judgments and Arbitral Awards in Georgia

Recognition and Enforcement of Foreign Court Judgments and Arbitral Awards in Georgia

In an increasingly interconnected global economy, cross-border disputes are common, and the ability to enforce foreign court judgments and arbitral awards is essential for ensuring legal certainty and effective dispute resolution. Georgia has established a legal framework that facilitates the recognition and enforcement of such decisions, thereby promoting international trade and investment. This article provides

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Tax Treatment of Sportsbook Operators in Georgia

Tax Treatment of Sportsbook Operators in Georgia

The taxation of sportsbook operators in Georgia is regulated by the Tax Code of Georgia and depends on two key factors: the form in which the sportsbook is organized (land-based or online) and the country of citizenship of the participants from whom the operator derives profit. These factors directly affect the applicable corporate income tax

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Georgia Special Tax Regime Guide Overview of Preferential Tax Statuses

Georgia Special Tax Regime Guide Overview of Preferential Tax Statuses

Georgia offers a range of special tax regimes designed to attract foreign investment, support export-oriented activities, and promote the development of specific sectors such as IT, logistics, and financial services. These regimes provide preferential tax treatment, including reduced tax rates, exemptions from corporate income tax, VAT benefits, and simplified compliance requirements. Each status is tailored

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Personal Income Tax for Residents in Georgia

Personal Income Tax for Residents in Georgia

The taxation of individuals in Georgia is regulated by the Tax Code of Georgia and is based on residency status. For Georgian tax residents, personal income tax rules determine how income is calculated, reported, and taxed, as well as which exemptions and preferential regimes may apply. Taxable Income and Reporting Obligations For resident individuals in

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Gambling Tax Exemptions in Georgia

Gambling Tax Exemptions in Georgia

The taxation of gambling activities in Georgia is regulated by the Tax Code of Georgia and related legislation governing lotteries, gambling, and prize games. While the general framework establishes specific tax rates and taxable bases depending on the type of gambling activity, Georgian legislation also provides a number of tax exemptions and preferential tax treatments

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Tax Residence in Georgia for Crypto Investors

Tax Residence in Georgia for Crypto Investors

Georgia has become an attractive destination for crypto investors due to its favorable tax environment and flexible residency rules. In order to benefit from these advantages, it is important to understand how tax residency is determined under Georgian legislation. For individuals, Georgian tax residency can generally be obtained through two main pathways: the standard physical

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