- Overview: Georgia
- Global HR Compliance
- Global PEO and payroll
- Expand without a company set up
- Contractor vs. employee: which is better?
Global PEO and Payroll in Georgia
Getting your business up-and-running in Georgia can be challenging, especially if you do not speak the native language. Establishing your own business entity in Georgia is an option to be considered as you expand abroad. But before you invest valuable resources in setting up business in Georgia, you should be fully aware of the risks involved.
Acumen’s Global PEO and Payroll solution was designed especially for companies like yours, to smooth the way for quick, easy and risk-free business operations in Georgia, without having to establish a legal business entity.
Acumen International – Your Professional Employer Organization in Georgia
Navigating the Georgian legal system and adhering to regulations governing employment and taxation can be challenging for businesses, especially if you are not a native Georgian speaker. Partnering with Acumen International as a global Professional Employer organization (PEO) provides you with the local knowledge and support you need to conduct business in Georgia without concern for legal and compliance risks.
Whether you represent international client companies or you are taking your own business operations abroad, Acumen International’s Global PEO and payroll service allows you to hire and payroll local and expat employees in Georgia. With Acumen in your corner, you can quickly and easily onboard and compensate your employees without risk of legal repercussions.
International Global Payroll and Taxation in Georgia
Employment related taxes
Personal Income Tax (PITX). Resident individuals are exempt from tax on income that does not have a Georgian source.
Corporate Income Tax (CIT). Resident enterprises are subject to corporate income tax (CIT) on worldwide income.
Non-resident enterprises carrying out economic activities in Georgia through a permanent establishment (PE) are subject to CIT with respect to its Georgian-source income.
Payroll Cycle in Georgia
Remuneration shall be paid out once a month.
Non-payroll taxes in Georgia
The standard VAT rate applies to the sale of all goods and services supplied in Georgia carried out as an economic activity. Goods are considered to be supplied in Georgia if they are transferred in or their shipment originates in Georgia. Services generally are considered to be supplied in Georgia if they are performed in Georgia. However, special rules apply for services relating to immovable property and certain services provided to non-residents.
The export and re-export of goods is exempt from VAT with the right to credit input tax (formerly referred to as zero-rated). VAT-exempt supplies include financial services, goods and services required for oil and gas operations, and medical services.
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How Acumen’s International PEO and Payroll Service can Benefit Your Business in Georgia
Compensating your local and expat workforce in Georgia and closely adhering to Georgian taxation requirements can divert your attention and resources from activities that help your business grow. A reliable global employment solution like Acumen’s Global PEO and Payroll service can take a substantial burden off your shoulders so you can focus on running your company.
Outsourcing the administrative and compliance tasks involved in employee payroll is one approach, but we have a better solution. Acumen International offers a global PEO and payroll solution that goes beyond outsourcing. We hire and compensate your global workforce on your behalf, and take care of all the details of payroll while ensuring full compliance with Georgian labor and taxation laws.
It is important to note that Acumen does not provide international global payroll services as a standalone solution, but only as a part of our global PEO and Payroll solution.
Our comprehensive global PEO and payroll services are just some of the benefits of partnering with Acumen International. We make it easy for you to achieve your business goals in Georgia by officially employing and compensating your best selected global talent – both locals and expats – without concerns for legal and compliance risks faced by global employers.
Disclaimer: Any of the above information is subject to changes imposed by Georgian laws. To get the latest updates on taxation in Georgia and in 190 countries worldwide, contact Acumen’s team of global employment experts.