Why Entrepreneurs Are Registering Companies in Georgia—And Not Just in the Cayman Islands

Entrepreneurs around the world are discovering a new startup haven: the Republic of Georgia. In a landscape long dominated by offshore favorites like the Cayman Islands, Georgia (the country in the Caucasus, not the U.S. state) is emerging as the go-to jurisdiction for company registration. In this comprehensive guide, we’ll explore why entrepreneurs are registering companies in Georgia and how it compares to traditional offshore hubs. We’ll cover everything from how to open a company in Georgia (step-by-step), to visa-free entry perks, residency and work permit nuances, tax benefits (especially for crypto founders), comparisons with Cayman, Panama, and the UAE, and even a philosophical take on sovereignty in business. By the end, you’ll see why Georgia company registration is becoming the linchpin of a borderless business strategy for libertarian-leaning founders and digital nomads.

Georgia: The New Frontier for Company Registration and Freedom

Georgia offers a unique mix of business-friendly policies, personal freedom, and ease of living that make it extremely attractive to entrepreneurs. Consider this:

• Ease of Company Registration: Georgia consistently ranks among the top countries for ease of doing business. Company registration in Georgia is straightforward, fast, and inexpensive. In fact, registering a company can be done in one business day, with low government fees (around 200 GEL, roughly $70, for a standard LLC registration). Compare that to the lengthy processes in many Western countries or the high fees of Caribbean offshore jurisdictions.
  
  
• Visa-Free Entry & Lifestyle: Georgia allows citizens of 90+ countries (including the U.S., Canada, UK, EU nations, Australia, and more) to enter visa-free and stay for up to one full year. This means digital nomads and founders can live in Georgia without bureaucratic hurdles. You can literally show up with a passport and settle in for 360+ days, working on your startup from a Tbilisi cafe or a Black Sea beach. The country itself offers a rich cultural experience – from the cobblestone streets and lively cafes of Tbilisi to the mountains of Kazbegi – at a low cost of living. (Think $500–$800 for a nice apartment rental and $2 for a hearty local meal.)
  
  
• Pro-Business, Minimal Red Tape: The Georgian company registry (managed by the National Agency of Public Registry through Public Service Halls) is efficient and foreigner-friendly. There’s no requirement for local shareholders or directors – 100% foreign ownership is allowed and common. You don’t even need to be physically present in the country to register (you can do it via power of attorney), though many entrepreneurs choose to spend time there given the welcoming environment.
  
  
• Strategic Location: Straddling Eastern Europe and Western Asia, Georgia sits at a crossroads of regions. It’s easy to travel to the EU, Turkey, Middle East, or Central Asia from Tbilisi. The time zone is convenient for coordinating with Europe and Asia. And with fast improving infrastructure (Tbilisi’s international airport and expanding road/rail links), Georgia is positioning itself as a regional hub for business.
  

Most importantly, Georgia is building what we might call a “freedom infrastructure”. It’s not just about low taxes (though we’ll get to those); it’s about a system that lets you live and build on your own terms. In Georgia, you’ll find a taste of sovereignty: a government that largely stays out of your business, plus a growing community of expats, crypto founders, and remote workers embracing a borderless life.

In short: Georgia offers many of the perks of traditional offshore havens (like the Cayman Islands) and the on-the-ground livability of a real country where you can actually reside and work. Let’s dive into the details of setting up shop in this emerging entrepreneur’s haven.

How to Register a Company in Georgia (Step-by-Step Guide)

One of Georgia’s biggest draws is how easy it is to register a company. Whether you’re a freelancer looking to formalize your earnings, a startup founder, or a crypto entrepreneur, opening a company in Georgia is a quick and relatively painless process. Here’s a step-by-step breakdown:

1. Choose Your Business Structure: The most common entity for foreigners is a Limited Liability Company (LLC) – analogous to a private limited company. LLCs in Georgia have no minimum capital requirement and can be formed by a single person. Other structures include Joint Stock Companies, Partnerships, or registering as an Individual Entrepreneur (sole proprietorship), but an LLC is usually the best for liability protection and flexibility.
   
   
2. Pick a Company Name: Decide on a unique name for your company. It can be in Georgian or English (or another language), but non-Georgian names will be transliterated for the registry. You can check availability on the Georgian company registry website or at a Public Service Hall. Typically, you’ll want a name that’s not already taken and ends with “LLC” or the Georgian equivalent.
   
   
3. Gather Required Documents: If you are present in Georgia and using the standard incorporation forms, the paperwork is minimal:
   
   
   • Passport Copies of the founder(s) and director(s). If names are not easily readable in Latin script, you may need a notarized Georgian translation.
   
   
   • Registration Application / Charter (Articles of Association): Georgia provides standard charter templates. If you use the model charter, you can skip notarization and speed things up. Otherwise, have your custom charter translated to Georgian and notarized.
   
   
   • Legal Address in Georgia: You need to provide a local address for the company. If you don’t have your own place yet, you can use a service provider or lawyer’s address with consent.
   
   
   • Founder’s Decision (for LLC): A simple one-page document where the founder(s) declare the formation of the company and appoint the director. This will be prepared in Georgian (with translation if needed) and signed in front of the registrar.
   
   
   • Fee Payment Receipt: Proof that you paid the registration fee (we’ll cover fees next).
   
   Remote registration: If you can’t be in Georgia, you can appoint a local lawyer or service provider as your representative via a Power of Attorney. They will prepare and submit documents on your behalf. This adds some cost (for notarizing and couriering the PoA, and the service fee), but it’s still a quick process.
   
   
4. Submit Documents at the Public Service Hall: This is where the magic happens. The Public Service Hall (also called the House of Justice) is a one-stop-shop government center in cities like Tbilisi and Batumi, where you file business registrations. Hand over your documents to the registrar clerk. If everything is in order, the company will be registered by the next business day. Yes, you read that right – 24 hours (or even the same day if you pay for urgent service). By contrast, many offshore jurisdictions take days or weeks to process incorporation.
   
   
5. Pay the Registration Fee: The standard fee for an LLC registration is 200 GEL (Georgian Lari) which is about $70, plus a small charge (26 GEL) if you want an official excerpt of the registration in English. So all in, you’re looking at around 250 GEL ($88) for the normal 1-day service. If you’re in a real hurry, you can double that to about 450 GEL (~$158) for expedited same-day registration. Compare this to Cayman or Delaware where legal fees and initial costs can run into thousands of dollars – Georgia is a bargain.
   
   
6. Obtain the Registration Certificate: Once registered, you (or your representative) will get a Certificate of Incorporation and your company’s identification number. You’re now officially on the Georgian company register! You can verify your company’s details online on the public registry’s website. If you requested an English extract, you’ll have that as well for use with banks, etc.
   
   
7. Tax Registration: Good news – in Georgia, tax registration (for income tax/VAT) is generally automatic when the company is formed. Your company is by default subject to Georgian tax laws (more on the favorable tax system later). If you expect to have local operations or need a VAT number (required if your annual Georgian sales will exceed ~100,000 GEL, or if you want to voluntarily register for VAT), you can register for VAT at the Revenue Service. For many digital businesses exporting services, you may not need to register for VAT at all.
   
   
8. Open a Bank Account: This is technically post-registration, but it’s an essential step to actually operate. Georgian banks are quite welcoming to foreigners. With your new company documents and passport, you can open a business bank account in Georgia, often in multiple currencies (GEL, USD, EUR) on the same account. We’ll cover banking in detail in a later section, but know that this step is usually straightforward and can often be done in a day or two.

That’s it – your company is up and running! To recap, Georgia company registration is a refreshingly simple affair: minimal paperwork, super-fast turnaround, and low costs. You don’t need a local partner or fancy lawyers (though a local consultant can help smooth the process, especially if you don’t speak Georgian). For an entrepreneur used to dealing with Western bureaucracy, the Georgian approach feels almost too easy.

Compare this to Cayman Islands business registration: In Cayman, you are typically required to appoint a licensed local registered agent and pay substantial incorporation and annual maintenance fees. All filings go through the Registrar of Companies in the Cayman Islands, which, while efficient, is geared toward corporate service firms handling the paperwork. Georgia, by contrast, lets you as an individual walk in and register your LLC yourself in a day – no heavy gatekeepers or exorbitant fees. It’s the democratization of offshore incorporation, and entrepreneurs are taking notice.

Before we move on: one more thing to love – Georgia’s Public Service Hall even has comfortable couches and a cafe where you can sip coffee while waiting for your number to be called. Try finding that at a typical government office elsewhere!

Visa-Free Entry and Easy Residency in Georgia for Digital Nomads

Setting up a company is great, but what about living in Georgia to run your business on the ground (or just enjoy the lifestyle)? This is where Georgia truly outshines many other jurisdictions. It offers a combination of visa freedom and flexible residency options that cater to everyone from transient digital nomads to those seeking long-term base.

One Year Visa-Free: Pack Your Bags and Go

For citizens of most developed countries (and many developing ones too), Georgia’s visa-free regime is incredibly generous. Visitors from 98 countries can stay in Georgia for up to one full year without a visa. This is virtually unheard of elsewhere. For example, most of Europe (Schengen) gives you 90 days, and even popular nomad havens like Indonesia (Bali) or Thailand require renewals or special visas after 30-60 days. Georgia saying “come hang out for 365 days” is a game-changer.

What this means in practice:

• No need for a “digital nomad visa” – your passport entry stamp is enough to reside and work remotely in Georgia for a year. There’s effectively no work permit in Georgia required for independent remote work. As long as you’re not taking a local job from a Georgian employer, you’re free to work online for your own company or clients abroad without any special permit.
  
  
• You can rent an apartment, get a SIM card, open personal bank accounts, etc., all as a tourist. Georgians are used to foreigners staying long-term on tourist status; it’s normal, not an obscure thing.
  
  
• Border runs: What happens after the year is up? Technically, you are expected to leave the country and re-enter to renew your stay. Many expats do a quick trip to neighboring Armenia or Turkey and come back for another year. There’s no formal limit like “90 days out, 90 in” – people have lived in Georgia for years just doing annual border hops. (Always check the latest rules, but as of now this is a common, legal practice.)

In short, Georgia basically hands you a one-year free trial of life in the country. If you like it, you can start considering longer-term residency options. If not, no strings attached.

Temporary Residency: How to Get Residency in Georgia

While many nomads are happy doing indefinite visa-free renewals, others may want more stability – like a residency card to use for ID, or the ability to stay long-term without exits, or to declare Georgia as your tax residency officially. The good news is Georgia offers several residency permit pathways, none of which are extremely onerous compared to other nations. Here’s a breakdown:

1. Business-Based Residence Permit (Company Formation):

If you register a company in Georgia and actually start doing business, you can qualify for a temporary residence permit on that basis. The law essentially allows residency for foreign entrepreneurs who demonstrate economic activity in Georgia. In practice, after your company is up and running, you apply for a residence permit through the Justice Ministry.

• Typically, the first permit is issued for 6 to 12 months (often 1 year). It can be renewed and later extended for longer durations (the second renewal might be for 2 years, then 5, etc., depending on your case).
  
  
• There isn’t a hardcoded minimum revenue or investment in the basic law for a one-year permit, but having some activity (e.g. a lease, a local employee, or contracts) helps. Georgia wants to see you’re contributing in some way.
  
  
• If your business grows: There is a provision that if your company has an annual turnover above 50,000 GEL (≈ $20k) per foreign owner and at least one Georgian employee, you could get a 5-year residence permit right away. This is aimed at encouraging startups that hire locals. (One catch: apparently U.S. citizens are excluded from this particular 5-year fast track, possibly due to reciprocity issues, but they can still get the standard 1-year permits).
  
  
• Family members (spouse, minor kids) can usually get residence permits as dependents once you have yours.

In essence, setting up a Georgian LLC not only optimizes your taxes, it can also be your ticket to legal residency in Georgia. Many foreign founders go this route: run your global business via a Georgian company, and simultaneously enjoy living in Tbilisi with a residence card in hand.

2. Investment in Real Estate (Property Owner Residence):

Georgia has a straightforward investment residency program. Buy property, get residency. The thresholds:

• Purchase real estate worth at least $100,000 USD (equivalent in GEL) and you become eligible for a 1-year temporary residence permit. The property needs to be officially appraised to confirm the value. Many digital nomads have actually done this: instead of paying rent, they invest in an apartment in Tbilisi or Batumi, crossing the $100k mark, and apply for residency. The permit can be renewed each year as long as you keep the property.
  
  
• If you up the ante and invest $300,000 USD or more in real estate, you can initially get a 1-year permit that converts into a 5-year residency permit. Essentially, you become a long-term resident with one 5-year extension, after which you can qualify for permanent residency. This higher investment also allows you to extend the residency to family members. It’s sometimes dubbed a “Golden Visa” lite program.
  
  
• Note: $100k is the minimum for any property-based residency now. (In the past it was ~$35k, but Georgia raised it to attract higher investment.)

3. Investment in Business (Georgia’s ‘Golden Visa’ for Entrepreneurs):

If real estate’s not your thing, investing in businesses is another path:

• Invest $300,000 USD in Georgia (in business or buy an asset like a hotel, factory, etc.), and you can directly obtain a 5-year residence permit. This is geared toward larger investors: for example, you start a company, inject $300k capital, maybe create jobs. You’ll need to show evidence of that investment and sometimes a letter of recommendation from Georgian business authorities or partners. The permit is given for 5 years, and after that, if you still meet the criteria, you can convert to permanent residency.
  
  
• The idea is to encourage foreign entrepreneurs to bring substantial business to Georgia. For many startup folks, $300k might be too steep, but for established founders or crypto investors, it could be a viable route to essentially settle in Georgia indefinitely from day one.

4. Other Residency Options: There are a few other ways as well, like:

• Work Residence: Get a job offer from a Georgian company and they sponsor your work residency. This is common for foreign professionals hired in local industries (IT, education, etc.). Salary needs to be above a certain threshold. However, if you’re your own boss, you likely won’t use this route (you’d use the business owner route instead).
  
  
• Study Residence: Enroll in a Georgian university.
  
  
• Marriage to a Georgian citizen: Fast track to residency and eventually citizenship (if you go that route).
  
  
• High Net Worth Individual Tax Residency: Georgia has a status where if you can prove high personal income or assets (e.g. > GEL 500,000 in assets ~ $180k, and some Georgian connections), you can be certified as a tax resident without 183 days stay. But this is more of a tax technicality than a living permit (though it often accompanies a normal residency permit).

The key takeaway is that getting residency in Georgia is accessible. You don’t have to be a millionaire (unless you want the 5-year Golden Visa path). For most entrepreneurs, simply having a Georgian company or property and some economic activity is enough to live here legally year after year. The bureaucracy for residence permits is also relatively smooth – you apply at the Public Service Hall, and it takes about 30 days to process the permit (or 10 days expedited) for the 1-year permits, a bit longer for 5-year ones.

Permanent Residency in Georgia and Citizenship

What about permanent residency? Georgia does offer permanent residence (PR) status, usually in two scenarios:

• After holding a temporary residence permit for 6 years continuously, you can be eligible to apply for permanent residency (this is the general route for those who live long-term, renew permits annually or biannually, and want to settle).
  
  
• Through the Investment routes: as mentioned, a $300k investment can lead to a 5-year permit which is considered “indefinite stay” – after maintaining it and the investment for 5 years, you can be granted permanent residency. This is often the quicker path to PR (5 years instead of 6, and with guaranteed renewal because of investment status).

Permanent residency in Georgia grants you an open-ended right to live and work in Georgia without yearly renewals. It’s like a green card. And you get a permanent residence card.

From PR, some go further to seek Georgian citizenship. Georgia doesn’t have a formal citizenship-by-investment program (no buying a passport outright). You typically need to live in Georgia for 10 years and integrate (language exam, history exam) to naturalize. There are exceptions where the President can grant citizenship for contributions, etc., but that’s rare. Most entrepreneurs don’t need a Georgian passport – the residency gives them everything they want (and you can maintain your original citizenships).

To sum up the residency picture: Georgia makes it easy to arrive, easy to stay, and possible to truly settle if you commit. There’s a solution for the casual nomad (one-year visa-free), the semi-settled expat (renewable temporary residency via business or property), and the fully committed (permanent residency and maybe citizenship). This tiered approach is part of why Georgia is so attractive – you’re not forced into a costly visa program just to be there, but if you want deeper roots, those options are available.

And unlike in some traditional offshore jurisdictions (where you might form a company but never actually live there), Georgia invites you to come, live, and even call it home if you wish. It’s an offshore hub that you can step into and build a life in. For many freedom-seeking entrepreneurs, that makes all the difference.

Next, we’ll get to the juicy part that probably drew you here: taxes (or the lack thereof) and why Georgia is a legally low-tax paradise. But before that, let’s address how Georgia treats those working in the country in terms of permits: essentially, if you’re your own boss or running a remote business, there is no separate “work permit in Georgia” required. Your residence permit (or even just your tourist status) is sufficient to conduct business activity, especially if your business is registered in Georgia or abroad. The concept of a “work permit” mainly applies if a Georgian company is directly hiring a foreigner; in your case, if you’re running your own Georgian LLC or freelancing, you’re free to work without an extra permit.

Tax Benefits of Incorporating in Georgia (Especially for Crypto and Remote Businesses)

Let’s face it: one of the biggest reasons entrepreneurs look for jurisdictions like Georgia (or Cayman, Panama, etc.) is to legally reduce their tax burden. And here, Georgia shines with a very competitive tax regime that can often beat classic offshore havens, especially when you consider the combination of corporate and personal taxes, and treaties.

Here’s a breakdown of Georgia’s tax advantages:

Corporate Taxes – Only 15%, and Only on Distributed Profits (0% if reinvested)

Georgia uses an “Estonian-style” corporate tax system for LLCs and most companies. This means corporate income tax is 15%, but applied only when profits are distributed (paid out as dividends) rather than in the year they’re earned. If your company retains earnings or reinvests them into the business, you pay 0% tax on those profits.

This is huge for growing businesses: you can keep profits in the company year over year, and pay no corporate tax until you actually take the money out. It’s like having an interest-free, indefinite loan from the taxman to reinvest in your business.

• If/when you do distribute profits as dividends to individuals, the company pays 15% on that amount, and then there is a 5% withholding tax on the dividend paid to the shareholder. So effectively, distributed profits might face about 19.25% total tax (15% + 5% on the remainder) – still very low by global standards.
  
  
• Dividends paid to another Georgian company are tax-free (no 5% in that case), which is nice if you ever have a holding company structure locally.
  
  
• If you never distribute (say you use company money for business expenses, or you defer taking profits), you could operate for years tax-free at the corporate level.

Now, compare this to the Cayman Islands: Cayman famously has 0% corporate tax outright. On paper, that beats 15%. However, if you are a Cayman company owner living elsewhere, you might still face personal taxes at home. In Georgia, many entrepreneurs will choose to become tax residents of Georgia as well (since it’s easy to do so) and then benefit from personal tax advantages (discussed below). Moreover, Georgia’s 0% on reinvested profits means if you’re not cashing out, you’re essentially on par with Cayman’s 0%. For a crypto startup or a SaaS company that just keeps building product, you might go years without triggering any corporate tax.

Georgia also has no capital duty, no wealth tax, no local business taxes. It’s pretty much the 15% on distributed profits, 0% otherwise.

Personal Taxes – Territorial Tax and Flat Low Rates

Georgia is one of the few countries that practices territorial taxation for individuals. This means if you become a tax resident of Georgia, you are generally taxed only on Georgian-sourced income. Foreign-source income is not subject to Georgian income tax.

For digital nomads and online business owners, this is golden. If your clients or revenue come from outside Georgia (say you’re selling software to US/EU clients, or freelancing for an overseas company, or trading crypto on global exchanges), Georgia doesn’t tax that income at all under territorial principles. You could live in Georgia full-time and still legally pay 0% personal income tax on your business profits or investment income, as long as it’s not from Georgian sources.

Now, if you do have Georgian-sourced income (for example, you take a local salary, or your Georgian LLC bills local Georgian customers), then the personal income tax is a flat 20%. This flat rate applies to employment income, self-employment income, etc., for residents. But remember, if your company already paid 15% corporate and 5% on dividends, those dividends are considered taxed at source for you. If you took a salary from your company, you’d pay 20% on that salary but the company would expense it and not pay the 15% on that portion. Either way, you’re looking at effective tax rates in the 0-20% range, which is very low compared to high-tax countries.

Special Regimes: Georgia has a couple of special tax statuses that some entrepreneurs take advantage of:

• Small Business Status (SBS): If you operate as an individual entrepreneur (sole proprietor) and your annual turnover is less than 500,000 GEL (about $180k), you can qualify for 1% tax on gross income (yes, one percent!). This is an alternative to doing an LLC. Some freelancers choose to register as an individual entrepreneur with “small business” status to simplify taxes – just pay 1% of revenue, no other tax, up to that cap (above it, 3% up to ~1 million GEL). However, an individual entrepreneur doesn’t give you the liability protection of an LLC and has some limitations.
  
  
• Virtual Zone Person (IT companies): If your business is in IT/software and you serve clients outside Georgia, you can apply for Virtual Zone status for your company. A Virtual Zone company enjoys 0% corporate tax and 0% VAT on its foreign income. In that case, only the 5% dividend tax would apply on distributions, making it extremely tax-efficient. Essentially, it’s Georgia’s way to attract tech companies. Many crypto startups and software dev agencies use this – if you qualify (you need to actually be doing software development or related IT services), your Georgian LLC becomes tax-exempt on profits. (Caveat: the scope is specific – e.g., creating and exporting software qualifies, but just IT consulting might not; one should get local advice to be sure.)
  
  
• International Company Status: Georgia introduced another status for certain industries (like IT or maritime) where if a company relocates to Georgia and meets criteria, they can get a reduced corporate tax (5%) and 0% dividend tax. This is newer and more case-by-case. It’s part of Georgia’s strategy to lure regional HQs. Not everyone will fit this, but it’s worth knowing.

Tax on Crypto: This deserves a special mention for crypto founders and traders. Georgia has become known as a crypto-friendly jurisdiction. Here’s why:

• If you’re just trading crypto or investing personally, any gains you make are likely considered foreign-sourced capital gains (since you’re trading on offshore exchanges or decentralized platforms). Under Georgia’s territorial tax, those gains are not taxed for a Georgian tax resident. Many crypto traders reside in Georgia for this reason – they can cash out crypto to their Georgian bank accounts and not incur local tax (as Georgia currently has no specific crypto tax law and treats foreign investment income as exempt).
  
  
• If you run a crypto business (exchange, protocol, fund, etc.), you can structure it under the virtual zone or as an IT business to potentially get the 0% corporate tax. Even if not, the standard 15% on distributed profit applies. Compare that to many countries now trying to tax crypto transactions heavily or impose complicated regulations.
  
  
• No capital controls: Georgia does not restrict the flow of capital. You can freely bring in or send out money. This is important for crypto folks who need to wire funds to exchanges or receive international transfers from sales. Georgian banks, while not crypto banks, generally don’t freeze or harass you for crypto-related transfers as long as you can explain them. In fact, banks like TBC or Bank of Georgia often have customers who are miners or traders. (Always keep documentation just in case.)

Bottom line on taxes: By incorporating in Georgia and (if it fits your situation) becoming a tax resident of Georgia, you can drastically reduce your tax obligations without breaking any laws or resorting to shady schemes. Georgia isn’t a zero-tax jurisdiction in the purest sense (unless you structure just right), but it offers effectively near-zero tax outcomes for many scenarios:

• A Georgia LLC that plows earnings back into growth pays nothing in corp tax.
  
  
• As an owner, you can often choose to take income in a form that minimizes tax (e.g., retained earnings, crypto appreciation, or 1% via SBS).
  
  
• If you do everything by the book, your overall tax might be in the single digits percentage-wise. And you’ll have the legal residency and infrastructure in a real country backing it up, which gives peace of mind versus some fly-by-night tax haven.

Contrast this with Cayman Islands again:

• Cayman has zero direct taxes (no income, no corporate tax). However, if you want to live in Cayman, it’s not so easy unless you have deep pockets (residency in Cayman often requires investing millions in property or business, or being employed locally). So many Cayman company owners actually live elsewhere and might face taxes there or live a nomadic life.
  
  
• Banking in Cayman for a small startup can be tougher (big banks there expect substantial deposits, and U.S. persons face FATCA scrutiny).
  
  
• Also, Georgia has tax treaties and is not blacklisted by OECD/FATF etc., whereas using Cayman can raise eyebrows in some compliance contexts. Georgia’s reputation is “normal country with low taxes” rather than “offshore tax shelter”. That can be beneficial when doing international business.

Speaking of banking and practical matters, let’s touch on that before we compare Georgia with other countries:

Banking in Georgia: Easy, Modern, and Crypto-Friendly

Once your company is registered, you’ll likely want a local bank account to operate. Fortunately, Georgia’s banking sector is quite advanced and convenient:

• Quick account opening: Foreigners (non-residents) can usually open a personal or business bank account in Georgia with just a passport and their company papers. Banks like TBC Bank or Bank of Georgia have English-speaking staff in major branches and are accustomed to setting up accounts for new LLCs owned by expats. It often takes only 1-2 days to get everything active.
  
  
• Multi-currency accounts: Georgian banks commonly offer accounts in Georgian Lari (GEL), USD, EUR, GBP, etc., under one client. You can hold and exchange multiple currencies cheaply, which is great for international business. For example, you can invoice clients in USD or EUR to your Georgian account.
  
  
• Online banking: Internet banking and mobile apps in Georgia are excellent. You can send international wires, SEPA, etc., easily. Some banks even issue virtual cards instantly in-app. Fintech is growing too (there’s even a local crypto-fiat banking service in development via one of our ventures, more on that later).
  
  
• Crypto exchanges and fintech: While there’s no major crypto bank yet, Georgia has Bitcoin ATMs and local exchanges. Banks generally allow incoming/outgoing wires from major crypto exchanges (some require you to sign a declaration of source of funds, which is standard compliance).
  
  
• No CRS (so far): Important for some, Georgia until recently was not part of the CRS (Common Reporting Standard) automatic bank info exchange system. (Georgia has committed to join CRS by 2023-2024, but implementation is ongoing). This meant historically that Georgian bank accounts had a bit more privacy from foreign tax authorities. Always stay updated on this if banking secrecy is a concern for you, as this could change with CRS participation.

Opening a company bank account in Cayman or Panama can often be more complex in comparison. Many offshore companies end up banking in a different country (like a company in BVI banking in Puerto Rico or Switzerland, etc.) due to lack of local retail banking. In Georgia, you can bank right where your company is, which simplifies things. Plus, you can easily visit the bank in person if needed, since you might actually reside there.

Georgia vs. Cayman Islands vs. Panama vs. UAE: Incorporation and Lifestyle

We’ve hinted at comparisons along the way, but let’s directly stack Georgia against some other popular jurisdictions for entrepreneurs and digital nomads: Cayman Islands, Panama, and the United Arab Emirates (UAE). Each of these has its merits, but we’ll see why Georgia is punching above its weight.

Georgia vs. Cayman Islands

Incorporation & Costs: The Cayman Islands are a classic zero-tax haven. Cayman Islands business registration typically requires using a professional service firm. You’ll need to appoint a Cayman-based registered agent and registered office, and pay government fees that are much higher than Georgia’s (often several hundred to a couple thousand dollars a year depending on share capital). Cayman incorporation is straightforward for those who go through agents, but it’s not DIY – you can’t just show up at the Cayman Registrar’s office as easily. Georgia, on the other hand, lets you handle company registration yourself with minimal fees. Even with a lawyer’s help, your cost in Georgia might be a few hundred dollars total, whereas in Cayman, using a registered agent service might run $1,000+ for setup and similar annually to maintain.

Taxation: Cayman has no corporate or income taxes at all, which is undeniably attractive. Georgia has low taxes (effectively 0-15% in many cases, as described) but not outright zero except in special cases. However, here’s the catch: if you are an American, for example, owning a Cayman company doesn’t exempt you from U.S. tax (because the U.S. taxes its citizens globally). If you are European and you redomicile to Cayman, you lose EU residency perks. With Georgia, you can actually become a resident of a country with territorial tax and enjoy near-zero taxes while physically living there. Georgia’s tax system is also more connected to the world: it has tax treaties with many countries, meaning if you ever needed to prove residency and tax compliance, you can (Cayman often has no tax residency certificate to provide since they don’t tax).

Residency & Lifestyle: This is where Georgia blows Cayman out of the water for the average entrepreneur. Cayman Islands are beautiful but crazy expensive and not easy to move to. A Coke might cost $4 and rent is sky-high. To reside in Cayman long-term, you usually need to be granted a work permit (if you get a job there) or an investor residency which could require investing $500k to $1 million+ in local real estate or businesses. It’s tailored to high-net-worth individuals and financial industry professionals. Meanwhile, Georgia’s visa-free entry for a year and easy residency permits mean you can just move to Georgia tomorrow and start living cheaply in a hip city, without special permission. Tbilisi’s expat scene is welcoming and diverse – you’ll meet startup folks, NGO workers, remote freelancers, etc. Cayman’s community is much smaller and mostly finance/legal folk; great if you’re a hedge fund manager, but not as much for a scrappy startup founder or digital nomad looking for community and vibrant city life.

Privacy and Image: Using a Cayman company might raise eyebrows due to the offshore haven stereotype. Banks or partners might ask more questions (Cayman has been synonymous with tax avoidance in many minds, thanks to Hollywood and news). Georgia, being less known as an “offshore,” often doesn’t trigger the same knee-jerk suspicion. Telling a client “our company is based in Georgia” often invites curiosity (“Oh, cool, why Georgia?”) rather than concern. Georgia also doesn’t appear on blacklists – it’s in good standing internationally.

In summary, Cayman Islands vs Georgia:

• Cayman = zero tax haven, but high barriers to entry (cost, residency) and a bit of a gilded cage unless you’re very wealthy.
  
  
• Georgia = very low tax environment, easy entry, and you can actually live there comfortably and affordably.

For many entrepreneurs, that trade-off makes Georgia a clear winner.

Georgia vs. Panama

Panama is another favorite among entrepreneurs seeking freedom. It offers territorial taxation (like Georgia) and for years had the Friendly Nations Visa which made residency easy for certain nationals. Here’s the comparison:

Company and Tax: Both Panama and Georgia have territorial tax systems. If a Panama company earns income outside Panama, it’s not taxed by Panama (and Panama has 0% tax on foreign-sourced income for both companies and individuals, similar in result to Georgia’s system). However, Panama’s corporate tax on local income is 25% (higher than Georgia’s 15%), and Panama companies have annual franchise taxes (~$300) plus mandatory use of a registered agent (lawyer) with yearly fees. Georgia has none of those recurring “offshore” fees; you just pay your minimal registration and then any accounting costs to maintain. Opening a company in Panama, while not too difficult, requires a lawyer by law. In Georgia you can use a lawyer but aren’t required to – the system is more open.

Residency: Panama until recently was famous for the Friendly Nations Visa, where citizens of about 50 countries could put $5,000 in a Panamanian bank and get permanent residency relatively easily. In 2021, Panama tightened this; now you often need either a job or to buy real estate ($200k+) or invest in business to get residency. Still, Panama is a relatively accessible place for residency by investment, and once a resident, you don’t have to spend much time there to keep the status. Georgia’s one-year visa-free approach is arguably even simpler in the short term (no need for any process at all to stay 12 months). For longer term, Georgia’s $100k property or just having a business is comparable to Panama’s requirements. Both countries allow permanent residency after ~5 years of temporary status in practice (Panama often gives a 5-year PR immediately through Friendly Nations now, I believe; Georgia requires renewal and then PR after time or investment).

Lifestyle and Cost: Panama City is a large, modern city with Latin flair. Cost of living in Panama can be moderate – cheaper than Western cities, but more expensive than Tbilisi in many respects (especially if you want a high-end apartment or car). English is not as widely spoken in Panama as it is in Georgia (in Georgia, younger people in city speak English fairly well; in Panama, Spanish is needed for a lot of bureaucratic stuff). Safety: Both countries are relatively safe. Georgia has very low violent crime rates and you can walk around Tbilisi at night in most areas with no worry. Panama has some areas with crime (certain neighborhoods in Panama City or Colon), but expat areas are generally fine; petty theft is a bit more of a concern there than in Georgia.

Banking: Panama’s banking sector is large (lots of international banks), but in recent years, accounts for foreigners have become harder to get due to compliance crackdowns. Many expats complain that opening a personal account in Panama requires bank references, local utility bills, etc., and can take weeks. In Georgia, banks are used to new arrivals and are much quicker to open accounts for you with just a passport. Both countries are not in CRS originally (Panama has partially agreed to it, Georgia is joining), which attracted privacy-seekers.

Community: Panama has a big expat community but it’s quite spread (Panama City for business folks, Boquete for retirees, Bocas del Toro for surfers, etc.). Georgia’s expat/digital nomad community is mostly concentrated in Tbilisi and Batumi, making it feel tightly knit – you constantly run into the same interesting people at events or cafes. Also, Georgia tends to attract a more European and Asian mix, whereas Panama gets more Americans/Canadians due to geography.

In essence, Panama and Georgia are similar in concept (both offer territorial tax, residency to foreigners, good banking), but Georgia is easier for the newcomer (no visa needed to start, no need for heavy paperwork to incorporate, more informal). Panama might make more sense if your life/business is tied to the Americas timezone and you speak Spanish. Georgia shines if you prefer Europe/Middle East access and a more libertarian vibe (Georgia feels very free – there’s minimal government presence in daily life, even less so than Panama which still has more bureaucracy and police presence in comparison).

Georgia vs. UAE (Dubai)

In recent years, Dubai (and the UAE in general) has become a hotspot for entrepreneurs and especially the crypto crowd. It’s a futuristic city with zero income tax and a flashy lifestyle. Let’s compare:

Tax and Company Setup: The UAE has long been tax-free for personal income and for many companies. However, as of 2023, the UAE introduced a 9% corporate tax on business profits over a certain threshold (~$100k) for mainland companies. Many people use Free Zone companies in the UAE, which can still be 0% tax if they meet the criteria (mainly doing business outside the UAE). Setting up a company in a UAE free zone usually costs a few thousand dollars and must be renewed annually with fees. For example, a basic free zone license might be $3,000–$5,000 per year. Georgia’s costs are a tiny fraction of that. And Georgia’s ongoing costs are just accounting and maybe $100 a year for a virtual address – no mandatory license renewal fee to the government.

Residency: In the UAE, when you set up a company, you often get a residence visa for you (and potentially your employees/family) as part of the package. This is a big draw: you start a company, you become a resident of Dubai, with all the perks (emirates ID, etc.). But note, the UAE residency must be maintained by keeping the company active and meeting certain physical presence requirements (you shouldn’t be out of UAE for more than 6 months at a time, or you risk losing residency). In Georgia, residency is separate from company (though owning a company helps). Georgia doesn’t automatically give you a residence permit with a company – you have to apply, but it’s quite attainable as we discussed. The UAE has also introduced longer term “golden visas” if you invest ~USD 136k in a startup or ~$540k in property, etc. So both have paths; UAE’s is more expensive but also more automatic via company.

Lifestyle and Cost: Dubai offers a luxury lifestyle – fancy cars, skyscrapers, constant events. It’s also quite expensive: rent for a decent flat can easily be $2,000+ a month, and overall cost of living is high (though no tax). Georgia is much more affordable (you can live very well on $1,500 a month or less). Georgia has seasons (warm summers, cold winters) vs. Dubai’s year-round heat (which some love, some find oppressive by August). Culturally, Georgia is a free society where you can drink alcohol, dress as you like, speak your mind; the UAE, while very tolerant by Gulf standards, is still an authoritarian country with strict laws beneath the surface – for instance, speaking against the government is a serious crime, and there are restrictions on certain behaviors. As a libertarian-minded entrepreneur, you might enjoy the order and safety of Dubai, but you certainly won’t be getting involved in local politics or enjoying complete free speech. Georgia, meanwhile, is a democracy (albeit with its own political issues) and has a bit of the wild-west freedom vibe.

Community: Dubai has a huge expat community and has become a hub for crypto and startups. You’ll find tons of networking opportunities there, perhaps more than in Tbilisi at the moment. Georgia’s community is growing, but it’s smaller. On the plus side, that makes pioneers in Georgia more tight-knit, and you can have a bigger fish in a small pond effect. Also, some people just prefer Tbilisi’s more organic, historic charm to Dubai’s ultra-modern artificial vibe – it depends on your taste.

Geopolitics: UAE is stable but in a tough neighborhood (and has some geopolitical risks, albeit minor for residents). Georgia is also in a sensitive region (with Russia to the north). Both are neutral-ish in world affairs; Georgia leans West but is not in NATO/EU yet, UAE plays all sides. For a crypto person worried about regulations: UAE is welcoming, Georgia is also currently very hands-off (with essentially no crypto regulations). Both look positive in that regard.

Conclusion of comparison: Georgia vs UAE vs Panama vs Cayman can be summarized as Georgia offering a blend of many advantages:

• Easier entry and residency than Cayman.
  
  
• More European feel and possibly less red tape than Panama.
  
  
• Far cheaper and more libertarian on a personal level than UAE.

Each individual’s situation may warrant one over the other, but Georgia hits a sweet spot for a lot of remote entrepreneurs who want freedom, low taxes, and a place they can actually live freely without breaking the bank.

Now, beyond the practicalities, there’s a deeper theme underlying the choice of a place like Georgia: it’s about sovereignty and borderless living. Let’s explore that ethos, because it’s a big part of why people are drawn to this path.

The View: A Rationalist’s Take on Sovereignty (or, “Do You Kill Grandma to Get Your Money Back?”)

It’s time for a short philosophical detour – with a bit of humor. At Vitality Agency, we like to use a framing device called “The View” to think through tough decisions in life and business. Think of it as looking at the big picture from a high vantage point (and sometimes with wacky hypothetical scenarios) to find clarity.

Imagine this scenario: Let’s say your 95-year-old grandmother steals $100 from you. You’re pissed. It’s yours. She took it. Now what?

You’ve got options.

You could sneak into her house and take it back—easy, right? But if she wakes up and mistakes you for a burglar, maybe grandma’s got a shotgun. Is that worth $100?

You could confront her—sit down, talk it out, and maybe she gives it back. But maybe she doesn’t. Maybe she smacks you with her cane and says you’ve always been ungrateful. Now what?

You could kill grandma. Boom. Problem solved, right? Except… you’ve killed your 95-year-old grandmother over $100. That’s not just a moral collapse, that’s a tactical disaster. And let’s be real—she’s 95. You’re probably in the will. She’ll die soon anyway, and you’ll get much more than she took.

So maybe… you do nothing. You take the long view. You eat the loss, because patience pays.

Now here’s where it gets fun: when I first explained this analogy to a friend and business partner, he was surprised. He said, “Wait, why didn’t you mention talking to her first?” And that’s exactly the point.

The View isn’t about morality, and it’s not about emotions. It’s about seeing the full spectrum of possibilities—even the absurd or offensive ones—so that the obvious answer reveals itself. Because sometimes, what’s obvious in hindsight is completely hidden when you’re emotionally charged or locked into fear.

When a client sees the full map laid out—the long-term, the extreme, the quiet third option—they’re no longer reacting. They’re choosing.

And that’s when you’re free.

Now, apply this to the world of entrepreneurship and global living:

Too many founders stick with a status quo that slowly siphons away their wealth and freedom (punitive taxes, onerous regulations, constant surveillance of finances) – essentially letting their “money be stolen” gradually – and then face terrible dilemmas. We’ve heard stories of people considering renouncing their citizenship, hiding assets illegally, or other drastic measures (their equivalent of “kill grandma”) just to keep what they’ve earned. These are stressful, soul-sapping choices that can tear families apart (imagine grandma disowning you for even contemplating that!).

The rationalist solution: Don’t let it get to that point. Design your life and business proactively to maximize freedom and minimize conflict. Rather than waiting for a government to push you to the brink, exercise your sovereignty by choosing better jurisdictions, diversifying your flags, and staying ahead of the game.

Georgia, in this sense, is part of a borderless strategy to “not even be in the position where you have to contemplate killing grandma.” By setting up in a place that respects you as an individual and entrepreneur – with low interference – you avoid the awful trade-offs that come with high-interference states. You won’t have to lie, cheat, or bend over backwards to keep what’s yours; the system itself in Georgia is aligned with your success.

In more human terms: Georgia lets you sleep at night without nightmares of auditors or regulators knocking. It lets you focus on building your product or service, instead of building defensive structures to protect your property from your own government. It’s a place where the default assumption is “your business is yours, your money is yours”, and the state shouldn’t unnecessarily meddle – a fundamentally libertarian premise.

This brings us to the broader philosophy driving many who relocate here: self-ownership and decentralization. The crypto ethos of decentralization isn’t just about blockchain nodes; it’s about decentralizing power in your life. Don’t put all your eggs in one government’s basket. Spread out your sovereign footprint – incorporate in one place (Georgia), maybe hold citizenship in another, live in a few places over the years. This way, no single authority has full control over you. It’s the old flag theory approach, updated for the 21st century.

Georgia has become a key flag in that strategy – a reliable jurisdiction for your company, assets, and residency that plays well with others. It’s not isolationist; you can integrate your Georgian structure with your home country obligations properly, or use it as one part of a global puzzle.

By taking The View, we realize that our goal isn’t to avoid taxes or chase loopholes at all costs – it’s to maximize our life’s freedom and well-being. Sometimes that means paying a reasonable tax in exchange for stability (like Georgia’s low taxes) and sometimes it means moving to a new paradigm entirely. But it definitely means avoiding destructive choices. We don’t want to wake up one day so cornered by a system that we consider “killing grandma” (figuratively or literally) as our only out.

So, take the rational path now: build your life in such a way that you preserve both grandma and your money. Georgia is part of that rational path for a growing number of entrepreneurs – a way to have your cake (a functioning society, connections, banking) and eat it too (retain autonomy and profits).

(Grandma, if you’re reading this, we love you. And don’t worry – we’re doing fine and won’t need to resort to anything rash!)

My Journey to Georgia and Building Borderless Businesses

At this point, you might be thinking this sounds almost too good. Who is the person behind these words, and why are they so enthusiastic about Georgia? Allow me to introduce myself a bit: I’m Paul Thomas, an entrepreneur and consultant who has walked this very path. A few years ago, I was in the same spot many readers are – frustrated with the constraints of my home jurisdiction (in terms of taxes, banking, and creative limitation) and looking for a change. I founded Vitality Agency to help forward-thinking founders gain more freedom in how they operate. And yes, I’m putting my money where my mouth is: moving to Georgia permanently and registering all my own companies here, embracing the borderless lifestyle.

Through this journey, I’ve incorporated businesses, obtained residency, opened bank accounts, and even dabbled in crypto ventures all within Georgia. I experienced first-hand the stark difference between Georgia’s open arms and other countries’ closed doors. The result? My businesses flourished under the lighter administrative load, and I personally found a new level of contentment living as a sovereign individual.

To further empower entrepreneurs, I also work on projects like Cheers Finance, which is a venture aimed at leveraging Georgia’s financial ecosystem for crypto-friendly services. We realized that not only is Georgia great for registering a company, but it also could be a hub for innovative financial solutions (imagine doing your crypto <-> fiat conversions or international transfers seamlessly with Georgian banking as the backbone – that’s the kind of infrastructure we’re building).

So when I extol the virtues of Georgia, it’s not from reading a brochure – it’s from real experience and success. I’ve seen the pitfalls too: for example, figuring out local accounting compliance, or the occasional hiccup with cross-border payments – none of which are deal-breakers, but things that experience has taught me to navigate. Through Vitality Agency, I now consult others on how to replicate this success, because I genuinely believe in people living freer, more prosperous lives by going borderless.

Clients, friends, and fellow nomads I’ve advised have gone on to:

• Launch their Georgian LLCs and enjoy nearly tax-free operations for their software businesses.
  
  
• Relocate their families to Tbilisi, getting kids into international schools here, enjoying a European lifestyle at a fraction of the cost.
  
  
• Park some savings in Georgian Lari accounts earning high interest (yes, local currency deposits can yield ~10% interest – an interesting arbitrage for some, though with FX risk).
  
  
• Use Georgia as a base while exploring other countries visa-free (Georgia is a travel hub too – you can visit Armenia, Turkey, UAE, all nearby, often visa-free or e-visa for Georgian residents).
  
  
• And importantly, sleep soundly knowing no overzealous authority is trying to micromanage their business. The amount of creative energy and peace of mind this unlocks is hard to overstate. People do their best work when they’re not stressed about these external things.

Vitality Agency itself is part of the freedom infrastructure we tout – we provide the guidance and on-ground help (like connecting you with good lawyers, accountants, tax advisors in Georgia, as needed) to make the process even smoother. Think of us as your friendly guide who’s a few steps ahead on the path.

Georgia is not the only piece of the puzzle, of course. Many of us have a portfolio of countries: maybe a Panamanian bank account, a Estonian e-Residency, or a residence permit in Portugal as a backup plan, etc. What we advocate is optionality. But I will say, Georgia has become the crown jewel in many such portfolios because it covers so many bases effectively (business, living, banking, investing). It hits that sweet spot of freedom and functionality. Not every country that is free financially is nice to live in (some are tiny islands with nothing to do). Not every nice country is financially free (most of Europe is high-tax). Georgia is that rare both.

Conclusion: Georgia – A Freedom Hub for Borderless Entrepreneurs

The world is changing. Work is no longer tethered to a single location; capital flows digitally; and forward-thinking entrepreneurs are choosing jurisdictions as deliberately as they choose business partners or technologies. In this new era, registering a company in Georgia has emerged as a powerful strategy for those who want to build globally, minimize drag, and stay true to their values of self-ownership and freedom.

Let’s recap why entrepreneurs are registering companies in Georgia (and not just in the Cayman Islands):

• Simplicity and Speed: Georgia company registration can be done in a day, for under $100, without jumping through hoops. No wonder it’s catching attention over places like Cayman where, despite zero tax, the setup is costlier and more convoluted.
  
  
• Live and Let Live: Georgia welcomes you to live on its soil with minimal fuss – one year visa-free for most, and easy extensions if you invest a bit in business or property. You can be on the ground, enjoying life while your company operates, which is unlike many offshores that you never visit.
  
  
• Robust Tax Advantages: Benefit from Georgian tax law that offers low or zero tax on foreign income, no tax on retained earnings, and special programs for IT and small businesses. Keep more of your crypto gains and business profits legally.
  
  
• Comparative Edge: When stacked against other hubs – Cayman’s pure offshore play, Panama’s Latin America gateway, Dubai’s glitz and no-tax promise – Georgia holds its own or wins on key points like cost, personal freedom, and ease of integration. It provides a balanced package without extreme trade-offs.
  
  
• Freedom Infrastructure: Perhaps most importantly, Georgia is aligning with the ethos of the digital age: it’s building an environment where you hold the keys. Want to pay in crypto, start a DAO, or implement a remote-only company with staff in five countries? Georgia won’t stand in your way. Its institutions (banks, legal system) are adapting to serve the needs of the modern, mobile entrepreneur. In many ways, Georgia is becoming a hub for sovereign individuals – those who see themselves not just as citizens of one nation, but as owners of their destiny across borders.

For anyone reading this who feels stuck in their current situation – be it a stifling tax regime, a place where innovation is hampered by bureaucracy, or simply a place that doesn’t excite you – I encourage you to explore what Georgia has to offer. Sometimes a single decision (like opening that Georgian LLC, or booking that flight to Tbilisi) can open up a whole new world of possibilities.

As someone who made that leap and has guided others through it, I can vouch that the initial uncertainty quickly gives way to empowerment. You’ll join a rising cohort of entrepreneurs who are not just talking about decentralization and freedom, but living it.

Georgia is not just an alternative to the Cayman Islands – it represents a new paradigm: a blend of onshore and offshore, of personal and economic freedom, set in a country that is eager to grow with you. It’s the borderless builder’s playground, and the rules here are simple: dream big, live free, and build without borders.

Are you ready to plant a flag (figuratively) in Georgia? The door is open, and the future is borderless. Welcome to Georgia – your company’s new home and your launchpad to sovereign entrepreneurship.

📚 Sources & References

1. Public Service Hall – Business Registration in Georgia
   Government resource outlining steps and documents required to register a company in Georgia.
   https://www.psh.gov.ge
   
   
2. Georgia National Agency of Public Registry (NAPR)
   Official company register to check name availability and verify registration details.
   https://napr.gov.ge
   
   
3. Georgian Revenue Service – Taxation Overview
   Official Georgian government resource detailing tax rates, VAT, and business obligations.
   https://rs.ge
   
   
4. TBC Bank – Business Banking for Foreigners
   Major bank in Georgia offering multi-currency business and personal accounts.
   https://www.tbcbank.ge
   
   
5. Bank of Georgia – Business Services
   Another primary bank in Georgia used by many foreign founders.
   https://bankofgeorgia.ge
   
   
6. Virtual Zone Georgia – Official Information
   Government-administered program offering 0% tax benefits for IT companies operating in Georgia.
   https://www.economy.ge/?page=eco-friendly-business&lang=en
   
   
7. Ministry of Justice of Georgia – Residence Permit Information
   Requirements for residence permits based on business ownership, investment, or property.
   https://migration.gov.ge
   
   
8. Georgian Law on Entrepreneurs (LLC Formation)
   Legal code outlining company formation rules and corporate structure.
   https://matsne.gov.ge/en/document/view/28286
   
   
9. U.S. Embassy Georgia – Visa Policy and Residency Info
   Overview of visa-free policy and relevant residence options for U.S. citizens.
   https://ge.usembassy.gov
   
   
10. Ministry of Foreign Affairs of Georgia – Visa-Free Countries List
    The official list of countries whose citizens may enter Georgia visa-free for up to 1 year.
    https://www.geoconsul.gov.ge
    
    
11. OECD CRS Portal – Georgia Participation Status
    Overview of Georgia’s commitment to the Common Reporting Standard (CRS) and its implementation timeline.
    https://www.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance
    
    
12. Cayman Islands General Registry – Business Registration Requirements
    The official Cayman government source for incorporation and fees.
    https://www.ciregistry.gov.ky
    
    
13. Invest in Georgia – Business Environment Overview
    Government promotional material and FAQs for foreign investors and entrepreneurs.
    https://investingeorgia.org
    
    
14. Nomad Capitalist – Georgia Country Review
    A libertarian entrepreneur’s overview of banking, taxation, and residency in Georgia.
    https://nomadcapitalist.com/2022/06/12/move-to-georgia
    
    
15. Georgia Today – Articles on New Tax Reforms and Crypto Developments
    Local English-language news source with up-to-date articles on virtual zone status and taxation changes.
    https://georgiatoday.ge