Individual entrepreneurGeorgia
What it takes to form, own and run a sole trader in Georgia, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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An individual entrepreneur is personally liable to the creditor for the obligations arising from his entrepreneurial activity, with all his property
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An individual entrepreneur is a natural person who enters into business relationships in the name of his/her own.
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Registration of an individual entrepreneur and registration of changes to registered data
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the Individual entrepreneur.
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 1 · at most 1 · one person may form it alone
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An individual entrepreneur is a natural person who enters into business relationships in the name of his/her own.
- A local company secretary
- Does not apply
- A local registered agent
- Not required
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2. An application as referred to in paragraph 1 of this article shall contain the following data:
Each year, at the registry
Not in our records Annual registry fee, Accounts on the public record, Audit for a small company, Audit: none of these is in our records for the Individual entrepreneur.
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Individual entrepreneur are in our records.
What is public
Not in our records What the register shows the public is not in our records for the Individual entrepreneur.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners+1 regime
An individual entrepreneur is not a resident enterprise for profit tax (Tax Code Art. 21(2), Art. 96). Small business status (Art. 89) lets a person elect taxation of taxable income at 1% (Art. 90(1)); the status is not automatic.
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An individual entrepreneur is not a legal person.
Special regimes that may apply
- Free Industrial Zone Enterprise free zone · 100% exempt
Companies established under the Law of Georgia on Free Industrial Zones, on profit from business permitted within the zone Tax Code of Georgia, Article 99(m)
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in Georgia
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Cancellation of registration on the individual entrepreneur's own application, or on death or a declaration of death or incapacity
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Cancellation of the registration of an individual entrepreneur is possible in case of the application of the individual entrepreneur himself/herself
- Statutory fee
- GEL 26
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Registration of an individual entrepreneur and registration of changes to registered data
Every business in Georgia
VAT
- Standard rate
- 18%
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The VAT rate shall be 18%.
- Registration threshold
- GEL 100,000
VAT taxable transactions of supplying goods/providing services; any 12 consecutive calendar months
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from the day when he/she exceeds the total amount of GEL 100 000 for VAT taxable transactions of supplying goods/providing services carried out during any 12 consecutive calendar months
- Voluntary registration
- Yes
A person may register voluntarily as a VAT taxpayer, and is then treated as a VAT taxpayer from the day of applying, but not later than the period allowed for compulsory registration.
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A person may voluntarily get registered as a VAT taxpayer.
- A foreign company
- The same threshold applies
The GEL 100,000 threshold is set for a taxable person generally; a taxable person with a fixed establishment in Georgia instead registers from the first supply. A service supplied in Georgia by a person not established there is subject to reverse charge, so the Georgian recipient accounts for the VAT.
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Irrespective of the requirements of paragraphs 1 and 2 of this article, the obligation of a taxable person, who has a fixed establishment in Georgia, to calculate and pay the VAT shall arise from the moment of providing services/supplying goods
- Returns filed
- Monthly
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The VAT accounting period shall be a calendar month.
- Tax authority
- Registration page read 2026-10-22
Payment and banking services
1 service names Georgia on its own list: Paysera. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Sole traderDerived our grouping, the same words in every country
- Name in law
- Individual entrepreneur
- Identifier
- GE-INDIVIDUAL-ENTREPRENEURA form ISO 20275 does not list.