How to register as an Individual Entrepreneur in Georgia

Article outline (6–8 points):

• Who benefits from registering as an individual entrepreneur (IE) in Georgia
• Required documents and residency considerations
• Step-by-step registration process and timing
• Bank account, remote options and payments 🏦
• Taxes, reporting and specifics for non-residents
• How IE works with property investment: practical examples 🏠
• Common mistakes and how to avoid them
• Practical tips and where to get help

Introduction

Registering as an individual entrepreneur (IE) in Georgia is a common route for freelancers, small businesses and property investors. The process is generally straightforward, but foreigners often have questions about documentation, banking, taxes and how IE status interacts with real estate investments. This guide gives practical steps and realistic expectations.

Who should consider IE status? ✅

IE status is suitable for those running small-scale activities: short-term rentals, service provision, consulting, small trade. For people earning rental income, IE can simplify issuing invoices and keeping accounting records.

Documents and residency considerations 📄

• Valid passport or ID for foreigners.
• Proof of address in Georgia or an agent’s address for registration.
• Power of attorney if using a representative.
• Any activity-specific permits or licences when required.

Many steps can be handled remotely via an authorised representative if you cannot be present in Georgia.

Step-by-step registration

1. Prepare documents and confirm identity.
2. Submit an application to the registration authority (online or through a representative).
3. Receive registration confirmation and tax ID — you are officially registered.

Timing depends on the completeness of documents and administrative workload, usually happening within a short period if everything is in order.

Bank accounts and receiving payments 🏦

Opening a business or personal account for your IE is an important step. Banks vary in their requirements for non-residents; many offer remote onboarding and multi-currency accounts. Choose a bank that supports international transfers and reliable online banking for managing rental incomes or service payments.

Tip: Ask the bank about non-resident policies and transaction limits before opening an account.

Taxes and reporting for IEs

Tax obligations depend on the selected tax regime. Non-resident IEs must also comply with reporting rules. Key points:

• Understand reporting frequency and deadlines;
• Track deductible expenses to reduce taxable income;
• Properly document rental income and related costs.

Keeping simple but accurate records from the start will make tax filing easier and reduce risks during audits.

IE and property investment — real examples 🏠

• Renting one apartment: issuing receipts and tracking income through IE simplifies operations.
• Managing several properties: IE helps consolidate service income and expenses.
• Engaging contractors for renovation: IE makes contracting and expense tracking easier.

Discussing your situation with an accountant helps choose the best structure for owning and operating property.

Common pitfalls to avoid ⚠️

• Incomplete documentation — check requirements in advance.
• Unexpected bank requirements for non-residents — clarify policies early.
• Choosing an unsuitable tax regime — consult a tax specialist.
• Poor record-keeping for property-related expenses — start a simple bookkeeping system.

Practical tips

• Use a local licensed representative if registering remotely.
• Keep copies of contracts, invoices and receipts.
• If you plan to reside in Georgia, check how residence status affects taxation.
• For property search and management support, use professional services and platforms (for example https://buyhome.ge/en and the property search section).

Conclusion and next steps ✨

Registering as an individual entrepreneur in Georgia is a flexible tool for managing business activity and rental income. The right preparation and professional support help avoid delays and optimize taxes.

If you’d like assistance choosing property, structuring income or registering an IE, contact our team — we’ll help you find options and give practical guidance tailored to your plans.