🧐 Did you know that properly managing your tax residency is an important prerequisite for avoiding “merciless” taxation of your income?

Where, what, and how much tax high-net-worth individuals (HNWIs) pay depends largely on their jurisdiction of tax residency.

For example, if a person receives income abroad and is a tax resident of Georgia, under the legislation of many foreign countries, he or she will have to administer taxes in Georgia.

In Georgia, income earned abroad is exempt from taxation.

That is, your income remains entirely with you.

Even if the local legislation of a foreign country requires taxation of foreign income received by an individual abroad, such taxation may be avoided on the basis of the double taxation legislation in force between Georgia and that foreign country if:

If….

This person will be a tax resident of Georgia.

In other words, you have income earned abroad that is “mercilessly” taxed abroad, you become a tax resident of Georgia based on your significant property and… relax and at the same time - sleep peacefully, because non-payment is completely legal, with some exceptions.

Do you remember the story of the famous French actor who moved from France to another country to reduce his taxes?

I remember a European couple who bought a car, started a 2-year journey from Europe to different countries, and... "caught two birds with one stone" - they also "left" a European country without paying taxes and had a wonderful trip.

What do you think?

Is it worth continuing reading to learn about the ways to obtain tax residency in Georgia?

If so, let's go.

Who meets the HNWI residency criteria?

The legislation offers several alternative ways.

The main focus is on your asset and income portfolio:

Asset threshold: Your total assets exceed 3 million GEL, of which at least 500,000 USD equivalent is located in Georgia.

Income History: Your annual income for the last 3 years exceeds 200,000 GEL (along with owning 500,000 USD in assets in Georgia).

Local income: If you own assets worth 500,000 USD in Georgia and at the same time receive income of at least 25,000 GEL from local sources.

How do we help our clients?

We provide full support for both the standard 183-day rule and the special “High Net Worth Individual” (HNWI) status:

✅ We evaluate your income structure and choose the optimal tax path.

✅ We reduce double taxation risks and ensure full transparency with tax authorities.

✅ From preparing documentation to receiving the certificate, we are your guide and representative at every stage, including for those who are not physically present in Georgia.

👇 Want to know which tax status is right for your portfolio?

Leave us a comment or send us a private message to book an individual consultation.