Looking to move to a low-tax country and invest in property? Georgia might be an excellent option for you! In this video, Rusudan Abdushelishvili, our Deputy Chief Financial Officer, shares what you need to know to legally opt out of paying property tax in Georgia.
00:00 Start
0:46 Easy to register
0:53 Tbilisi Public Service Hall
1:54 Zero property tax
2:15 Up to 1% property tax
4:48 5% Tax on rented out Properties
5:40 Notary fee
7:40 Nonagricultural land
8:10 One tax declaration for real estate and land
8:17 Joint tax declaration
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
