[{"data":1,"prerenderedAt":1593},["ShallowReactive",2],{"blog-/blog/georgia-country-llc-annual-fees":3},{"_path":4,"_dir":5,"_draft":6,"_partial":6,"_locale":7,"title":8,"description":9,"date":10,"category":11,"readingTime":12,"image":13,"tags":14,"body":20,"_type":1586,"_id":1587,"_source":1588,"_file":1589,"_stem":1590,"_extension":1591,"sitemap":1592},"/blog/georgia-country-llc-annual-fees","blog",false,"","Georgian LLC Annual Fees and Maintenance Costs: Complete Guide","Understand all the ongoing costs of maintaining an LLC in Georgia, including taxes, accounting, compliance fees, and how to minimize your annual expenses.","2024-01-25","Business",6,"/images/TengoExplains4.png",[15,16,17,18,19],"llc","annual fees","maintenance","compliance","costs",{"type":21,"children":22,"toc":1544},"root",[23,31,38,51,76,81,87,92,99,104,208,218,224,229,306,311,334,340,345,432,442,448,454,466,489,494,500,533,538,544,549,580,585,591,597,675,681,769,775,861,867,986,991,997,1003,1036,1042,1047,1053,1058,1079,1084,1090,1095,1101,1119,1125,1131,1149,1155,1173,1179,1197,1203,1208,1239,1244,1250,1337,1343,1348,1358,1384,1394,1425,1435,1466,1478,1484,1490,1495,1501,1506,1512,1517,1523,1528,1532],{"type":24,"tag":25,"props":26,"children":27},"element","p",{},[28],{"type":29,"value":30},"text","One of the biggest advantages of a Georgian LLC is the low ongoing maintenance cost. Unlike many jurisdictions that charge hefty annual fees, Georgia keeps it simple and affordable. Here's everything you need to budget for.",{"type":24,"tag":32,"props":33,"children":35},"h2",{"id":34},"the-good-news-no-annual-government-fees",[36],{"type":29,"value":37},"The Good News: No Annual Government Fees",{"type":24,"tag":25,"props":39,"children":40},{},[41,43,49],{"type":29,"value":42},"Unlike many countries, Georgia does ",{"type":24,"tag":44,"props":45,"children":46},"strong",{},[47],{"type":29,"value":48},"not",{"type":29,"value":50}," charge:",{"type":24,"tag":52,"props":53,"children":54},"ul",{},[55,61,66,71],{"type":24,"tag":56,"props":57,"children":58},"li",{},[59],{"type":29,"value":60},"Annual registration renewal fees",{"type":24,"tag":56,"props":62,"children":63},{},[64],{"type":29,"value":65},"Corporate franchise taxes",{"type":24,"tag":56,"props":67,"children":68},{},[69],{"type":29,"value":70},"Annual report filing fees",{"type":24,"tag":56,"props":72,"children":73},{},[74],{"type":29,"value":75},"Mandatory capital maintenance",{"type":24,"tag":25,"props":77,"children":78},{},[79],{"type":29,"value":80},"Your LLC registration is valid indefinitely without any renewal payments to the government.",{"type":24,"tag":32,"props":82,"children":84},{"id":83},"mandatory-ongoing-costs",[85],{"type":29,"value":86},"Mandatory Ongoing Costs",{"type":24,"tag":25,"props":88,"children":89},{},[90],{"type":29,"value":91},"While there are no government annual fees, you'll still have some necessary expenses:",{"type":24,"tag":93,"props":94,"children":96},"h3",{"id":95},"_1-legal-address-required",[97],{"type":29,"value":98},"1. Legal Address (Required)",{"type":24,"tag":25,"props":100,"children":101},{},[102],{"type":29,"value":103},"Every Georgian LLC must maintain a registered address:",{"type":24,"tag":105,"props":106,"children":107},"table",{},[108,132],{"type":24,"tag":109,"props":110,"children":111},"thead",{},[112],{"type":24,"tag":113,"props":114,"children":115},"tr",{},[116,122,127],{"type":24,"tag":117,"props":118,"children":119},"th",{},[120],{"type":29,"value":121},"Option",{"type":24,"tag":117,"props":123,"children":124},{},[125],{"type":29,"value":126},"Monthly Cost",{"type":24,"tag":117,"props":128,"children":129},{},[130],{"type":29,"value":131},"Annual Cost",{"type":24,"tag":133,"props":134,"children":135},"tbody",{},[136,155,173,191],{"type":24,"tag":113,"props":137,"children":138},{},[139,145,150],{"type":24,"tag":140,"props":141,"children":142},"td",{},[143],{"type":29,"value":144},"Virtual office (basic)",{"type":24,"tag":140,"props":146,"children":147},{},[148],{"type":29,"value":149},"50-100 GEL",{"type":24,"tag":140,"props":151,"children":152},{},[153],{"type":29,"value":154},"600-1,200 GEL",{"type":24,"tag":113,"props":156,"children":157},{},[158,163,168],{"type":24,"tag":140,"props":159,"children":160},{},[161],{"type":29,"value":162},"Virtual office (premium)",{"type":24,"tag":140,"props":164,"children":165},{},[166],{"type":29,"value":167},"100-200 GEL",{"type":24,"tag":140,"props":169,"children":170},{},[171],{"type":29,"value":172},"1,200-2,400 GEL",{"type":24,"tag":113,"props":174,"children":175},{},[176,181,186],{"type":24,"tag":140,"props":177,"children":178},{},[179],{"type":29,"value":180},"Physical office",{"type":24,"tag":140,"props":182,"children":183},{},[184],{"type":29,"value":185},"300+ GEL",{"type":24,"tag":140,"props":187,"children":188},{},[189],{"type":29,"value":190},"3,600+ GEL",{"type":24,"tag":113,"props":192,"children":193},{},[194,199,204],{"type":24,"tag":140,"props":195,"children":196},{},[197],{"type":29,"value":198},"Home address",{"type":24,"tag":140,"props":200,"children":201},{},[202],{"type":29,"value":203},"Free",{"type":24,"tag":140,"props":205,"children":206},{},[207],{"type":29,"value":203},{"type":24,"tag":25,"props":209,"children":210},{},[211,216],{"type":24,"tag":44,"props":212,"children":213},{},[214],{"type":29,"value":215},"Note:",{"type":29,"value":217}," Using a home address is only possible if your lease agreement permits commercial use.",{"type":24,"tag":93,"props":219,"children":221},{"id":220},"_2-accounting-and-tax-compliance",[222],{"type":29,"value":223},"2. Accounting and Tax Compliance",{"type":24,"tag":25,"props":225,"children":226},{},[227],{"type":29,"value":228},"Georgian companies must maintain proper accounting records:",{"type":24,"tag":105,"props":230,"children":231},{},[232,251],{"type":24,"tag":109,"props":233,"children":234},{},[235],{"type":24,"tag":113,"props":236,"children":237},{},[238,243,247],{"type":24,"tag":117,"props":239,"children":240},{},[241],{"type":29,"value":242},"Business Size",{"type":24,"tag":117,"props":244,"children":245},{},[246],{"type":29,"value":126},{"type":24,"tag":117,"props":248,"children":249},{},[250],{"type":29,"value":131},{"type":24,"tag":133,"props":252,"children":253},{},[254,270,288],{"type":24,"tag":113,"props":255,"children":256},{},[257,262,266],{"type":24,"tag":140,"props":258,"children":259},{},[260],{"type":29,"value":261},"Micro (minimal activity)",{"type":24,"tag":140,"props":263,"children":264},{},[265],{"type":29,"value":167},{"type":24,"tag":140,"props":267,"children":268},{},[269],{"type":29,"value":172},{"type":24,"tag":113,"props":271,"children":272},{},[273,278,283],{"type":24,"tag":140,"props":274,"children":275},{},[276],{"type":29,"value":277},"Small (regular activity)",{"type":24,"tag":140,"props":279,"children":280},{},[281],{"type":29,"value":282},"200-400 GEL",{"type":24,"tag":140,"props":284,"children":285},{},[286],{"type":29,"value":287},"2,400-4,800 GEL",{"type":24,"tag":113,"props":289,"children":290},{},[291,296,301],{"type":24,"tag":140,"props":292,"children":293},{},[294],{"type":29,"value":295},"Medium (complex operations)",{"type":24,"tag":140,"props":297,"children":298},{},[299],{"type":29,"value":300},"400-800 GEL",{"type":24,"tag":140,"props":302,"children":303},{},[304],{"type":29,"value":305},"4,800-9,600 GEL",{"type":24,"tag":25,"props":307,"children":308},{},[309],{"type":29,"value":310},"This typically includes:",{"type":24,"tag":52,"props":312,"children":313},{},[314,319,324,329],{"type":24,"tag":56,"props":315,"children":316},{},[317],{"type":29,"value":318},"Bookkeeping",{"type":24,"tag":56,"props":320,"children":321},{},[322],{"type":29,"value":323},"Tax return preparation",{"type":24,"tag":56,"props":325,"children":326},{},[327],{"type":29,"value":328},"Annual financial statements",{"type":24,"tag":56,"props":330,"children":331},{},[332],{"type":29,"value":333},"Payroll processing (if applicable)",{"type":24,"tag":93,"props":335,"children":337},{"id":336},"_3-bank-account-fees",[338],{"type":29,"value":339},"3. Bank Account Fees",{"type":24,"tag":25,"props":341,"children":342},{},[343],{"type":29,"value":344},"Most Georgian banks charge minimal fees:",{"type":24,"tag":105,"props":346,"children":347},{},[348,364],{"type":24,"tag":109,"props":349,"children":350},{},[351],{"type":24,"tag":113,"props":352,"children":353},{},[354,359],{"type":24,"tag":117,"props":355,"children":356},{},[357],{"type":29,"value":358},"Fee Type",{"type":24,"tag":117,"props":360,"children":361},{},[362],{"type":29,"value":363},"Typical Cost",{"type":24,"tag":133,"props":365,"children":366},{},[367,380,393,406,419],{"type":24,"tag":113,"props":368,"children":369},{},[370,375],{"type":24,"tag":140,"props":371,"children":372},{},[373],{"type":29,"value":374},"Monthly maintenance",{"type":24,"tag":140,"props":376,"children":377},{},[378],{"type":29,"value":379},"0-20 GEL",{"type":24,"tag":113,"props":381,"children":382},{},[383,388],{"type":24,"tag":140,"props":384,"children":385},{},[386],{"type":29,"value":387},"Incoming transfers",{"type":24,"tag":140,"props":389,"children":390},{},[391],{"type":29,"value":392},"Free or minimal",{"type":24,"tag":113,"props":394,"children":395},{},[396,401],{"type":24,"tag":140,"props":397,"children":398},{},[399],{"type":29,"value":400},"Outgoing transfers (domestic)",{"type":24,"tag":140,"props":402,"children":403},{},[404],{"type":29,"value":405},"0.1-0.5 GEL",{"type":24,"tag":113,"props":407,"children":408},{},[409,414],{"type":24,"tag":140,"props":410,"children":411},{},[412],{"type":29,"value":413},"Outgoing transfers (international)",{"type":24,"tag":140,"props":415,"children":416},{},[417],{"type":29,"value":418},"15-50 GEL",{"type":24,"tag":113,"props":420,"children":421},{},[422,427],{"type":24,"tag":140,"props":423,"children":424},{},[425],{"type":29,"value":426},"Card issuance",{"type":24,"tag":140,"props":428,"children":429},{},[430],{"type":29,"value":431},"0-30 GEL",{"type":24,"tag":25,"props":433,"children":434},{},[435,440],{"type":24,"tag":44,"props":436,"children":437},{},[438],{"type":29,"value":439},"Annual estimate:",{"type":29,"value":441}," 0-500 GEL depending on activity level.",{"type":24,"tag":32,"props":443,"children":445},{"id":444},"tax-obligations",[446],{"type":29,"value":447},"Tax Obligations",{"type":24,"tag":93,"props":449,"children":451},{"id":450},"corporate-income-tax-cit",[452],{"type":29,"value":453},"Corporate Income Tax (CIT)",{"type":24,"tag":25,"props":455,"children":456},{},[457,459,464],{"type":29,"value":458},"Georgia uses an ",{"type":24,"tag":44,"props":460,"children":461},{},[462],{"type":29,"value":463},"Estonian-style",{"type":29,"value":465}," tax system:",{"type":24,"tag":52,"props":467,"children":468},{},[469,479],{"type":24,"tag":56,"props":470,"children":471},{},[472,477],{"type":24,"tag":44,"props":473,"children":474},{},[475],{"type":29,"value":476},"Retained profits:",{"type":29,"value":478}," 0% tax",{"type":24,"tag":56,"props":480,"children":481},{},[482,487],{"type":24,"tag":44,"props":483,"children":484},{},[485],{"type":29,"value":486},"Distributed profits (dividends):",{"type":29,"value":488}," 15% tax",{"type":24,"tag":25,"props":490,"children":491},{},[492],{"type":29,"value":493},"This means if you reinvest your profits, you pay no corporate tax.",{"type":24,"tag":93,"props":495,"children":497},{"id":496},"vat-value-added-tax",[498],{"type":29,"value":499},"VAT (Value Added Tax)",{"type":24,"tag":52,"props":501,"children":502},{},[503,513,523],{"type":24,"tag":56,"props":504,"children":505},{},[506,511],{"type":24,"tag":44,"props":507,"children":508},{},[509],{"type":29,"value":510},"Registration threshold:",{"type":29,"value":512}," 100,000 GEL annual turnover",{"type":24,"tag":56,"props":514,"children":515},{},[516,521],{"type":24,"tag":44,"props":517,"children":518},{},[519],{"type":29,"value":520},"Rate:",{"type":29,"value":522}," 18%",{"type":24,"tag":56,"props":524,"children":525},{},[526,531],{"type":24,"tag":44,"props":527,"children":528},{},[529],{"type":29,"value":530},"Filing:",{"type":29,"value":532}," Monthly",{"type":24,"tag":25,"props":534,"children":535},{},[536],{"type":29,"value":537},"If your turnover is below 100,000 GEL, VAT registration is optional.",{"type":24,"tag":93,"props":539,"children":541},{"id":540},"small-business-status-if-eligible",[542],{"type":29,"value":543},"Small Business Status (If Eligible)",{"type":24,"tag":25,"props":545,"children":546},{},[547],{"type":29,"value":548},"For qualifying businesses with turnover under 500,000 GEL:",{"type":24,"tag":52,"props":550,"children":551},{},[552,562,572],{"type":24,"tag":56,"props":553,"children":554},{},[555,560],{"type":24,"tag":44,"props":556,"children":557},{},[558],{"type":29,"value":559},"Tax rate:",{"type":29,"value":561}," 1% of gross revenue",{"type":24,"tag":56,"props":563,"children":564},{},[565,570],{"type":24,"tag":44,"props":566,"children":567},{},[568],{"type":29,"value":569},"No corporate tax",{"type":29,"value":571}," on distributions",{"type":24,"tag":56,"props":573,"children":574},{},[575],{"type":24,"tag":44,"props":576,"children":577},{},[578],{"type":29,"value":579},"Simplified reporting",{"type":24,"tag":25,"props":581,"children":582},{},[583],{"type":29,"value":584},"This can dramatically reduce your tax burden.",{"type":24,"tag":32,"props":586,"children":588},{"id":587},"annual-cost-comparison-by-business-type",[589],{"type":29,"value":590},"Annual Cost Comparison by Business Type",{"type":24,"tag":93,"props":592,"children":594},{"id":593},"dormant-company-no-activity",[595],{"type":29,"value":596},"Dormant Company (No Activity)",{"type":24,"tag":105,"props":598,"children":599},{},[600,615],{"type":24,"tag":109,"props":601,"children":602},{},[603],{"type":24,"tag":113,"props":604,"children":605},{},[606,611],{"type":24,"tag":117,"props":607,"children":608},{},[609],{"type":29,"value":610},"Expense",{"type":24,"tag":117,"props":612,"children":613},{},[614],{"type":29,"value":131},{"type":24,"tag":133,"props":616,"children":617},{},[618,631,643,656],{"type":24,"tag":113,"props":619,"children":620},{},[621,626],{"type":24,"tag":140,"props":622,"children":623},{},[624],{"type":29,"value":625},"Legal address",{"type":24,"tag":140,"props":627,"children":628},{},[629],{"type":29,"value":630},"600 GEL",{"type":24,"tag":113,"props":632,"children":633},{},[634,639],{"type":24,"tag":140,"props":635,"children":636},{},[637],{"type":29,"value":638},"Minimal accounting",{"type":24,"tag":140,"props":640,"children":641},{},[642],{"type":29,"value":630},{"type":24,"tag":113,"props":644,"children":645},{},[646,651],{"type":24,"tag":140,"props":647,"children":648},{},[649],{"type":29,"value":650},"Bank fees",{"type":24,"tag":140,"props":652,"children":653},{},[654],{"type":29,"value":655},"100 GEL",{"type":24,"tag":113,"props":657,"children":658},{},[659,667],{"type":24,"tag":140,"props":660,"children":661},{},[662],{"type":24,"tag":44,"props":663,"children":664},{},[665],{"type":29,"value":666},"Total",{"type":24,"tag":140,"props":668,"children":669},{},[670],{"type":24,"tag":44,"props":671,"children":672},{},[673],{"type":29,"value":674},"~1,300 GEL ($480)",{"type":24,"tag":93,"props":676,"children":678},{"id":677},"active-freelancerconsultant",[679],{"type":29,"value":680},"Active Freelancer/Consultant",{"type":24,"tag":105,"props":682,"children":683},{},[684,698],{"type":24,"tag":109,"props":685,"children":686},{},[687],{"type":24,"tag":113,"props":688,"children":689},{},[690,694],{"type":24,"tag":117,"props":691,"children":692},{},[693],{"type":29,"value":610},{"type":24,"tag":117,"props":695,"children":696},{},[697],{"type":29,"value":131},{"type":24,"tag":133,"props":699,"children":700},{},[701,713,726,738,751],{"type":24,"tag":113,"props":702,"children":703},{},[704,708],{"type":24,"tag":140,"props":705,"children":706},{},[707],{"type":29,"value":625},{"type":24,"tag":140,"props":709,"children":710},{},[711],{"type":29,"value":712},"1,200 GEL",{"type":24,"tag":113,"props":714,"children":715},{},[716,721],{"type":24,"tag":140,"props":717,"children":718},{},[719],{"type":29,"value":720},"Accounting",{"type":24,"tag":140,"props":722,"children":723},{},[724],{"type":29,"value":725},"2,400 GEL",{"type":24,"tag":113,"props":727,"children":728},{},[729,733],{"type":24,"tag":140,"props":730,"children":731},{},[732],{"type":29,"value":650},{"type":24,"tag":140,"props":734,"children":735},{},[736],{"type":29,"value":737},"300 GEL",{"type":24,"tag":113,"props":739,"children":740},{},[741,746],{"type":24,"tag":140,"props":742,"children":743},{},[744],{"type":29,"value":745},"Tax (1% on 100k revenue)",{"type":24,"tag":140,"props":747,"children":748},{},[749],{"type":29,"value":750},"1,000 GEL",{"type":24,"tag":113,"props":752,"children":753},{},[754,761],{"type":24,"tag":140,"props":755,"children":756},{},[757],{"type":24,"tag":44,"props":758,"children":759},{},[760],{"type":29,"value":666},{"type":24,"tag":140,"props":762,"children":763},{},[764],{"type":24,"tag":44,"props":765,"children":766},{},[767],{"type":29,"value":768},"~4,900 GEL ($1,800)",{"type":24,"tag":93,"props":770,"children":772},{"id":771},"small-trading-company",[773],{"type":29,"value":774},"Small Trading Company",{"type":24,"tag":105,"props":776,"children":777},{},[778,792],{"type":24,"tag":109,"props":779,"children":780},{},[781],{"type":24,"tag":113,"props":782,"children":783},{},[784,788],{"type":24,"tag":117,"props":785,"children":786},{},[787],{"type":29,"value":610},{"type":24,"tag":117,"props":789,"children":790},{},[791],{"type":29,"value":131},{"type":24,"tag":133,"props":793,"children":794},{},[795,807,819,830,843],{"type":24,"tag":113,"props":796,"children":797},{},[798,802],{"type":24,"tag":140,"props":799,"children":800},{},[801],{"type":29,"value":625},{"type":24,"tag":140,"props":803,"children":804},{},[805],{"type":29,"value":806},"1,800 GEL",{"type":24,"tag":113,"props":808,"children":809},{},[810,814],{"type":24,"tag":140,"props":811,"children":812},{},[813],{"type":29,"value":720},{"type":24,"tag":140,"props":815,"children":816},{},[817],{"type":29,"value":818},"4,800 GEL",{"type":24,"tag":113,"props":820,"children":821},{},[822,826],{"type":24,"tag":140,"props":823,"children":824},{},[825],{"type":29,"value":650},{"type":24,"tag":140,"props":827,"children":828},{},[829],{"type":29,"value":630},{"type":24,"tag":113,"props":831,"children":832},{},[833,838],{"type":24,"tag":140,"props":834,"children":835},{},[836],{"type":29,"value":837},"Tax (varies)",{"type":24,"tag":140,"props":839,"children":840},{},[841],{"type":29,"value":842},"Variable",{"type":24,"tag":113,"props":844,"children":845},{},[846,853],{"type":24,"tag":140,"props":847,"children":848},{},[849],{"type":24,"tag":44,"props":850,"children":851},{},[852],{"type":29,"value":666},{"type":24,"tag":140,"props":854,"children":855},{},[856],{"type":24,"tag":44,"props":857,"children":858},{},[859],{"type":29,"value":860},"~7,200 GEL ($2,650) + taxes",{"type":24,"tag":32,"props":862,"children":864},{"id":863},"comparison-with-other-jurisdictions",[865],{"type":29,"value":866},"Comparison with Other Jurisdictions",{"type":24,"tag":105,"props":868,"children":869},{},[870,886],{"type":24,"tag":109,"props":871,"children":872},{},[873],{"type":24,"tag":113,"props":874,"children":875},{},[876,881],{"type":24,"tag":117,"props":877,"children":878},{},[879],{"type":29,"value":880},"Country",{"type":24,"tag":117,"props":882,"children":883},{},[884],{"type":29,"value":885},"Annual Maintenance Cost",{"type":24,"tag":133,"props":887,"children":888},{},[889,908,921,934,947,960,973],{"type":24,"tag":113,"props":890,"children":891},{},[892,900],{"type":24,"tag":140,"props":893,"children":894},{},[895],{"type":24,"tag":44,"props":896,"children":897},{},[898],{"type":29,"value":899},"Georgia",{"type":24,"tag":140,"props":901,"children":902},{},[903],{"type":24,"tag":44,"props":904,"children":905},{},[906],{"type":29,"value":907},"$500-2,500",{"type":24,"tag":113,"props":909,"children":910},{},[911,916],{"type":24,"tag":140,"props":912,"children":913},{},[914],{"type":29,"value":915},"Estonia",{"type":24,"tag":140,"props":917,"children":918},{},[919],{"type":29,"value":920},"$1,000-3,000",{"type":24,"tag":113,"props":922,"children":923},{},[924,929],{"type":24,"tag":140,"props":925,"children":926},{},[927],{"type":29,"value":928},"UK",{"type":24,"tag":140,"props":930,"children":931},{},[932],{"type":29,"value":933},"$500-2,000",{"type":24,"tag":113,"props":935,"children":936},{},[937,942],{"type":24,"tag":140,"props":938,"children":939},{},[940],{"type":29,"value":941},"USA (Delaware)",{"type":24,"tag":140,"props":943,"children":944},{},[945],{"type":29,"value":946},"$1,500-5,000",{"type":24,"tag":113,"props":948,"children":949},{},[950,955],{"type":24,"tag":140,"props":951,"children":952},{},[953],{"type":29,"value":954},"Hong Kong",{"type":24,"tag":140,"props":956,"children":957},{},[958],{"type":29,"value":959},"$2,000-5,000",{"type":24,"tag":113,"props":961,"children":962},{},[963,968],{"type":24,"tag":140,"props":964,"children":965},{},[966],{"type":29,"value":967},"Singapore",{"type":24,"tag":140,"props":969,"children":970},{},[971],{"type":29,"value":972},"$2,000-6,000",{"type":24,"tag":113,"props":974,"children":975},{},[976,981],{"type":24,"tag":140,"props":977,"children":978},{},[979],{"type":29,"value":980},"Switzerland",{"type":24,"tag":140,"props":982,"children":983},{},[984],{"type":29,"value":985},"$5,000-15,000",{"type":24,"tag":25,"props":987,"children":988},{},[989],{"type":29,"value":990},"Georgia remains highly competitive for ongoing costs.",{"type":24,"tag":32,"props":992,"children":994},{"id":993},"ways-to-minimize-annual-costs",[995],{"type":29,"value":996},"Ways to Minimize Annual Costs",{"type":24,"tag":93,"props":998,"children":1000},{"id":999},"_1-choose-the-right-tax-regime",[1001],{"type":29,"value":1002},"1. Choose the Right Tax Regime",{"type":24,"tag":52,"props":1004,"children":1005},{},[1006,1016,1026],{"type":24,"tag":56,"props":1007,"children":1008},{},[1009,1014],{"type":24,"tag":44,"props":1010,"children":1011},{},[1012],{"type":29,"value":1013},"Small Business Status",{"type":29,"value":1015}," (1% tax) if eligible",{"type":24,"tag":56,"props":1017,"children":1018},{},[1019,1024],{"type":24,"tag":44,"props":1020,"children":1021},{},[1022],{"type":29,"value":1023},"Virtual Zone",{"type":29,"value":1025}," for IT companies (0% on exports)",{"type":24,"tag":56,"props":1027,"children":1028},{},[1029,1034],{"type":24,"tag":44,"props":1030,"children":1031},{},[1032],{"type":29,"value":1033},"Standard regime",{"type":29,"value":1035}," only if necessary",{"type":24,"tag":93,"props":1037,"children":1039},{"id":1038},"_2-use-virtual-office",[1040],{"type":29,"value":1041},"2. Use Virtual Office",{"type":24,"tag":25,"props":1043,"children":1044},{},[1045],{"type":29,"value":1046},"Unless you need a physical presence, a virtual address saves significantly.",{"type":24,"tag":93,"props":1048,"children":1050},{"id":1049},"_3-bundle-services",[1051],{"type":29,"value":1052},"3. Bundle Services",{"type":24,"tag":25,"props":1054,"children":1055},{},[1056],{"type":29,"value":1057},"Many providers (including us) offer packages that combine:",{"type":24,"tag":52,"props":1059,"children":1060},{},[1061,1065,1069,1074],{"type":24,"tag":56,"props":1062,"children":1063},{},[1064],{"type":29,"value":625},{"type":24,"tag":56,"props":1066,"children":1067},{},[1068],{"type":29,"value":720},{"type":24,"tag":56,"props":1070,"children":1071},{},[1072],{"type":29,"value":1073},"Tax filing",{"type":24,"tag":56,"props":1075,"children":1076},{},[1077],{"type":29,"value":1078},"Compliance monitoring",{"type":24,"tag":25,"props":1080,"children":1081},{},[1082],{"type":29,"value":1083},"Bundled services typically cost 20-30% less than separate providers.",{"type":24,"tag":93,"props":1085,"children":1087},{"id":1086},"_4-maintain-clean-records",[1088],{"type":29,"value":1089},"4. Maintain Clean Records",{"type":24,"tag":25,"props":1091,"children":1092},{},[1093],{"type":29,"value":1094},"Disorganized records mean more accounting hours. Keep your documentation organized to minimize professional fees.",{"type":24,"tag":93,"props":1096,"children":1098},{"id":1097},"_5-plan-transactions-efficiently",[1099],{"type":29,"value":1100},"5. Plan Transactions Efficiently",{"type":24,"tag":52,"props":1102,"children":1103},{},[1104,1109,1114],{"type":24,"tag":56,"props":1105,"children":1106},{},[1107],{"type":29,"value":1108},"Batch international transfers to reduce fees",{"type":24,"tag":56,"props":1110,"children":1111},{},[1112],{"type":29,"value":1113},"Use local payment methods when possible",{"type":24,"tag":56,"props":1115,"children":1116},{},[1117],{"type":29,"value":1118},"Consider multi-currency accounts",{"type":24,"tag":32,"props":1120,"children":1122},{"id":1121},"what-happens-if-you-dont-pay",[1123],{"type":29,"value":1124},"What Happens If You Don't Pay?",{"type":24,"tag":93,"props":1126,"children":1128},{"id":1127},"accounting-non-compliance",[1129],{"type":29,"value":1130},"Accounting Non-Compliance",{"type":24,"tag":52,"props":1132,"children":1133},{},[1134,1139,1144],{"type":24,"tag":56,"props":1135,"children":1136},{},[1137],{"type":29,"value":1138},"Late filing penalties: 50-200 GEL per instance",{"type":24,"tag":56,"props":1140,"children":1141},{},[1142],{"type":29,"value":1143},"Continued non-compliance: Increased penalties",{"type":24,"tag":56,"props":1145,"children":1146},{},[1147],{"type":29,"value":1148},"Severe cases: Company suspension",{"type":24,"tag":93,"props":1150,"children":1152},{"id":1151},"tax-non-payment",[1153],{"type":29,"value":1154},"Tax Non-Payment",{"type":24,"tag":52,"props":1156,"children":1157},{},[1158,1163,1168],{"type":24,"tag":56,"props":1159,"children":1160},{},[1161],{"type":29,"value":1162},"Interest on unpaid taxes: 0.05% per day",{"type":24,"tag":56,"props":1164,"children":1165},{},[1166],{"type":29,"value":1167},"Penalties: 10-50% of unpaid amount",{"type":24,"tag":56,"props":1169,"children":1170},{},[1171],{"type":29,"value":1172},"Asset freezing possible",{"type":24,"tag":93,"props":1174,"children":1176},{"id":1175},"no-legal-address",[1177],{"type":29,"value":1178},"No Legal Address",{"type":24,"tag":52,"props":1180,"children":1181},{},[1182,1187,1192],{"type":24,"tag":56,"props":1183,"children":1184},{},[1185],{"type":29,"value":1186},"Registration may be invalidated",{"type":24,"tag":56,"props":1188,"children":1189},{},[1190],{"type":29,"value":1191},"Unable to receive official correspondence",{"type":24,"tag":56,"props":1193,"children":1194},{},[1195],{"type":29,"value":1196},"Banking complications",{"type":24,"tag":32,"props":1198,"children":1200},{"id":1199},"closing-your-llc",[1201],{"type":29,"value":1202},"Closing Your LLC",{"type":24,"tag":25,"props":1204,"children":1205},{},[1206],{"type":29,"value":1207},"If you decide to close your Georgian LLC:",{"type":24,"tag":52,"props":1209,"children":1210},{},[1211,1221,1231],{"type":24,"tag":56,"props":1212,"children":1213},{},[1214,1219],{"type":24,"tag":44,"props":1215,"children":1216},{},[1217],{"type":29,"value":1218},"Liquidation fee:",{"type":29,"value":1220}," ~300 GEL",{"type":24,"tag":56,"props":1222,"children":1223},{},[1224,1229],{"type":24,"tag":44,"props":1225,"children":1226},{},[1227],{"type":29,"value":1228},"Processing time:",{"type":29,"value":1230}," 1-3 months",{"type":24,"tag":56,"props":1232,"children":1233},{},[1234],{"type":24,"tag":44,"props":1235,"children":1236},{},[1237],{"type":29,"value":1238},"Final tax clearance required",{"type":24,"tag":25,"props":1240,"children":1241},{},[1242],{"type":29,"value":1243},"There's no penalty for closing a company in good standing.",{"type":24,"tag":32,"props":1245,"children":1247},{"id":1246},"annual-compliance-calendar",[1248],{"type":29,"value":1249},"Annual Compliance Calendar",{"type":24,"tag":105,"props":1251,"children":1252},{},[1253,1269],{"type":24,"tag":109,"props":1254,"children":1255},{},[1256],{"type":24,"tag":113,"props":1257,"children":1258},{},[1259,1264],{"type":24,"tag":117,"props":1260,"children":1261},{},[1262],{"type":29,"value":1263},"Month",{"type":24,"tag":117,"props":1265,"children":1266},{},[1267],{"type":29,"value":1268},"Task",{"type":24,"tag":133,"props":1270,"children":1271},{},[1272,1285,1298,1311,1324],{"type":24,"tag":113,"props":1273,"children":1274},{},[1275,1280],{"type":24,"tag":140,"props":1276,"children":1277},{},[1278],{"type":29,"value":1279},"Monthly",{"type":24,"tag":140,"props":1281,"children":1282},{},[1283],{"type":29,"value":1284},"VAT returns (if registered)",{"type":24,"tag":113,"props":1286,"children":1287},{},[1288,1293],{"type":24,"tag":140,"props":1289,"children":1290},{},[1291],{"type":29,"value":1292},"Quarterly",{"type":24,"tag":140,"props":1294,"children":1295},{},[1296],{"type":29,"value":1297},"Income tax advance payments (if applicable)",{"type":24,"tag":113,"props":1299,"children":1300},{},[1301,1306],{"type":24,"tag":140,"props":1302,"children":1303},{},[1304],{"type":29,"value":1305},"March 31",{"type":24,"tag":140,"props":1307,"children":1308},{},[1309],{"type":29,"value":1310},"Annual financial statement deadline",{"type":24,"tag":113,"props":1312,"children":1313},{},[1314,1319],{"type":24,"tag":140,"props":1315,"children":1316},{},[1317],{"type":29,"value":1318},"April 1",{"type":24,"tag":140,"props":1320,"children":1321},{},[1322],{"type":29,"value":1323},"Profit tax return deadline",{"type":24,"tag":113,"props":1325,"children":1326},{},[1327,1332],{"type":24,"tag":140,"props":1328,"children":1329},{},[1330],{"type":29,"value":1331},"Ongoing",{"type":24,"tag":140,"props":1333,"children":1334},{},[1335],{"type":29,"value":1336},"Payroll taxes (if employees)",{"type":24,"tag":32,"props":1338,"children":1340},{"id":1339},"taxwizzards-annual-packages",[1341],{"type":29,"value":1342},"TaxWizzards Annual Packages",{"type":24,"tag":25,"props":1344,"children":1345},{},[1346],{"type":29,"value":1347},"We offer all-inclusive annual maintenance packages:",{"type":24,"tag":25,"props":1349,"children":1350},{},[1351,1356],{"type":24,"tag":44,"props":1352,"children":1353},{},[1354],{"type":29,"value":1355},"Starter Package",{"type":29,"value":1357}," (Dormant/Low Activity)",{"type":24,"tag":52,"props":1359,"children":1360},{},[1361,1366,1371,1376],{"type":24,"tag":56,"props":1362,"children":1363},{},[1364],{"type":29,"value":1365},"Virtual address",{"type":24,"tag":56,"props":1367,"children":1368},{},[1369],{"type":29,"value":1370},"Annual compliance filing",{"type":24,"tag":56,"props":1372,"children":1373},{},[1374],{"type":29,"value":1375},"Basic accounting",{"type":24,"tag":56,"props":1377,"children":1378},{},[1379],{"type":24,"tag":44,"props":1380,"children":1381},{},[1382],{"type":29,"value":1383},"From 1,500 GEL/year",{"type":24,"tag":25,"props":1385,"children":1386},{},[1387,1392],{"type":24,"tag":44,"props":1388,"children":1389},{},[1390],{"type":29,"value":1391},"Business Package",{"type":29,"value":1393}," (Active Companies)",{"type":24,"tag":52,"props":1395,"children":1396},{},[1397,1402,1407,1412,1417],{"type":24,"tag":56,"props":1398,"children":1399},{},[1400],{"type":29,"value":1401},"Premium virtual address",{"type":24,"tag":56,"props":1403,"children":1404},{},[1405],{"type":29,"value":1406},"Monthly bookkeeping",{"type":24,"tag":56,"props":1408,"children":1409},{},[1410],{"type":29,"value":1411},"All tax filings",{"type":24,"tag":56,"props":1413,"children":1414},{},[1415],{"type":29,"value":1416},"Quarterly consultations",{"type":24,"tag":56,"props":1418,"children":1419},{},[1420],{"type":24,"tag":44,"props":1421,"children":1422},{},[1423],{"type":29,"value":1424},"From 3,500 GEL/year",{"type":24,"tag":25,"props":1426,"children":1427},{},[1428,1433],{"type":24,"tag":44,"props":1429,"children":1430},{},[1431],{"type":29,"value":1432},"Premium Package",{"type":29,"value":1434}," (Complex Operations)",{"type":24,"tag":52,"props":1436,"children":1437},{},[1438,1443,1448,1453,1458],{"type":24,"tag":56,"props":1439,"children":1440},{},[1441],{"type":29,"value":1442},"Physical address options",{"type":24,"tag":56,"props":1444,"children":1445},{},[1446],{"type":29,"value":1447},"Dedicated accountant",{"type":24,"tag":56,"props":1449,"children":1450},{},[1451],{"type":29,"value":1452},"Unlimited consultations",{"type":24,"tag":56,"props":1454,"children":1455},{},[1456],{"type":29,"value":1457},"Priority support",{"type":24,"tag":56,"props":1459,"children":1460},{},[1461],{"type":24,"tag":44,"props":1462,"children":1463},{},[1464],{"type":29,"value":1465},"Custom pricing",{"type":24,"tag":25,"props":1467,"children":1468},{},[1469,1476],{"type":24,"tag":1470,"props":1471,"children":1473},"a",{"href":1472},"/contact",[1474],{"type":29,"value":1475},"Contact us",{"type":29,"value":1477}," to discuss the right package for your business.",{"type":24,"tag":32,"props":1479,"children":1481},{"id":1480},"frequently-asked-questions",[1482],{"type":29,"value":1483},"Frequently Asked Questions",{"type":24,"tag":93,"props":1485,"children":1487},{"id":1486},"are-there-any-hidden-government-fees",[1488],{"type":29,"value":1489},"Are there any hidden government fees?",{"type":24,"tag":25,"props":1491,"children":1492},{},[1493],{"type":29,"value":1494},"No. Georgia is transparent about costs. There are no hidden annual registration or franchise fees.",{"type":24,"tag":93,"props":1496,"children":1498},{"id":1497},"what-if-my-company-has-no-activity",[1499],{"type":29,"value":1500},"What if my company has no activity?",{"type":24,"tag":25,"props":1502,"children":1503},{},[1504],{"type":29,"value":1505},"You still need to file nil returns and maintain a legal address, but costs are minimal (~1,300 GEL/year).",{"type":24,"tag":93,"props":1507,"children":1509},{"id":1508},"can-i-do-my-own-accounting",[1510],{"type":29,"value":1511},"Can I do my own accounting?",{"type":24,"tag":25,"props":1513,"children":1514},{},[1515],{"type":29,"value":1516},"Technically yes, but Georgian accounting standards require professional knowledge. Most businesses use accountants.",{"type":24,"tag":93,"props":1518,"children":1520},{"id":1519},"what-currency-should-i-budget-in",[1521],{"type":29,"value":1522},"What currency should I budget in?",{"type":24,"tag":25,"props":1524,"children":1525},{},[1526],{"type":29,"value":1527},"Most costs are in Georgian Lari (GEL). Budget approximately $500-2,500 USD annually for a small business.",{"type":24,"tag":1529,"props":1530,"children":1531},"hr",{},[],{"type":24,"tag":25,"props":1533,"children":1534},{},[1535,1537,1542],{"type":29,"value":1536},"Need help budgeting for your Georgian LLC? ",{"type":24,"tag":1470,"props":1538,"children":1539},{"href":1472},[1540],{"type":29,"value":1541},"Reach out",{"type":29,"value":1543}," for a personalized cost estimate based on your business activities.",{"title":7,"searchDepth":1545,"depth":1545,"links":1546},2,[1547,1548,1554,1559,1564,1565,1572,1577,1578,1579,1580],{"id":34,"depth":1545,"text":37},{"id":83,"depth":1545,"text":86,"children":1549},[1550,1552,1553],{"id":95,"depth":1551,"text":98},3,{"id":220,"depth":1551,"text":223},{"id":336,"depth":1551,"text":339},{"id":444,"depth":1545,"text":447,"children":1555},[1556,1557,1558],{"id":450,"depth":1551,"text":453},{"id":496,"depth":1551,"text":499},{"id":540,"depth":1551,"text":543},{"id":587,"depth":1545,"text":590,"children":1560},[1561,1562,1563],{"id":593,"depth":1551,"text":596},{"id":677,"depth":1551,"text":680},{"id":771,"depth":1551,"text":774},{"id":863,"depth":1545,"text":866},{"id":993,"depth":1545,"text":996,"children":1566},[1567,1568,1569,1570,1571],{"id":999,"depth":1551,"text":1002},{"id":1038,"depth":1551,"text":1041},{"id":1049,"depth":1551,"text":1052},{"id":1086,"depth":1551,"text":1089},{"id":1097,"depth":1551,"text":1100},{"id":1121,"depth":1545,"text":1124,"children":1573},[1574,1575,1576],{"id":1127,"depth":1551,"text":1130},{"id":1151,"depth":1551,"text":1154},{"id":1175,"depth":1551,"text":1178},{"id":1199,"depth":1545,"text":1202},{"id":1246,"depth":1545,"text":1249},{"id":1339,"depth":1545,"text":1342},{"id":1480,"depth":1545,"text":1483,"children":1581},[1582,1583,1584,1585],{"id":1486,"depth":1551,"text":1489},{"id":1497,"depth":1551,"text":1500},{"id":1508,"depth":1551,"text":1511},{"id":1519,"depth":1551,"text":1522},"markdown","content:blog:georgia-country-llc-annual-fees.md","content","blog/georgia-country-llc-annual-fees.md","blog/georgia-country-llc-annual-fees","md",{"loc":4},1770148633556]