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Frequently asked questions
Turnover limits for companies/individual entrepreneurs?
Turnover limits for VAT are 100,000 GEL for continuous 12 months for services provided within the territory. Small business turnover limits are 500,000 GEL per calendar year.
How to reclaim VAT?
With proper accounting, VAT can be reclaimed within 2-3 days.
Is it possible to obtain a residence permit with guarantees?
Yes, it is possible.
Is it safe for expatriates to conduct business in Georgia?
Yes, it is 100% safe.
What should foreign companies do in case the "foreign agent" law is passed?
This law does not affect peaceful expatriates.
What services do we provide besides accounting?
Financial, legal, support, advisory, project sourcing, real estate, investments, financial transfers.
Who is better to open a company with?
It can be anyone, but for certain services, a Georgian citizen is required.
How to make payments to Europe, Russia, USA, China, Dubai, and other countries?
We also provide international transfer services.
What is the tax difference between a Georgian citizen and a non-Georgian citizen?
Practically none, except for differences in pension contributions.
How to obtain Georgian citizenship?
Marriage to a Georgian citizen, 10 years of residence, investments.
Why is Georgia the number 1 country for expatriates?
Ease of doing business, transparency, stability, affordable prices, flexible tax system.
Our results
Enocork 045 - plugs for wines wholesale.
We conducted a comprehensive tax audit. Clients entered the market lacking sufficient knowledge of legislative and tax requirements. We optimized their tax processes, enabling them not only to avoid financial risks but also to achieve significant profits. As a result, they captured 30% of the market share.
We conducted a comprehensive tax audit. Clients entered the market lacking sufficient knowledge of legislative and tax requirements. We optimized their tax processes, enabling them not only to avoid financial risks but also to achieve significant profits. As a result, they captured 30% of the market share.
One of our clients found their dream apartment in the historic city center. We helped negotiate a lower price and successfully completed the transaction. Now, every time he admires the breathtaking view from his window, he gratefully remembers FinUp.
A client urgently needed a residence permit (VNR) for a prolonged stay in Georgia as he planned to undergo a complex operation here. We promptly commenced our services and ensured the successful acquisition of the residence permit. The client was highly satisfied with the outcome. Additionally, we assisted in organizing the operation at one of the finest clinics in Tbilisi and provided support throughout all stages.
One of our clients always dreamed of opening her own salon, but it was impossible without establishing a company. We helped her gather all the necessary documents, register the company, open bank accounts, and also found a suitable commercial space and finalized the deal. Currently, we handle the accounting for this company and are delighted to witness its successful development.
Not all stories start beautifully. Once, a woman approached us amidst a divorce proceeding. Her ex-husband refused to fairly divide assets and attempted to leave the children without alimony. Our lawyers took on the case and achieved a just resolution. As a result, the client obtained her rightful share of the property as well as child support, securing their future.
"121 Van Goghs" - restaurant business
We've been managing this project for two years now, and over this time, we've almost become friends with the client. There hasn't been a single problematic month - the stability and punctuality of our work provide the client with complete security and transparency with tax authorities.
039 Rental Ge - Our client is in the real estate business and has been collaborating with us for over a year. We assist them in legally reclaiming VAT, and during this time, they have managed to save over 100,000 GEL.
We've been managing this project for two years now, and over this time, we've almost become friends with the client. There hasn't been a single problematic month - the stability and punctuality of our work provide the client with complete security and transparency with tax authorities.
039 Rental Ge - Our client is in the real estate business and has been collaborating with us for over a year. We assist them in legally reclaiming VAT, and during this time, they have managed to save over 100,000 GEL.
El Co Distribution - Supply of Computer Parts for Retail
We conducted a risk analysis and market options assessment for a company with an annual turnover exceeding 20 million GEL. The client was so satisfied with our consultation that they plan to engage us for ongoing collaboration. Furthermore, they recommend us to other companies, allowing us to expand our client base and strengthen our reputation in the market.
We conducted a risk analysis and market options assessment for a company with an annual turnover exceeding 20 million GEL. The client was so satisfied with our consultation that they plan to engage us for ongoing collaboration. Furthermore, they recommend us to other companies, allowing us to expand our client base and strengthen our reputation in the market.
Game Tech
We conducted a comprehensive audit of income and expenditure for a large IT company. Based on the analysis, we assisted them in optimizing all work processes, enabling them to achieve a new level of efficiency and productivity.
We conducted a comprehensive audit of income and expenditure for a large IT company. Based on the analysis, we assisted them in optimizing all work processes, enabling them to achieve a new level of efficiency and productivity.
