Running a Georgia company comes with annual compliance obligations. Here's a comprehensive guide for NRI business owners in 2025.
1. Annual Financial Statements
All Georgian LLCs must prepare annual financial statements. Companies with annual turnover above GEL 200,000 must have their accounts audited by a licensed Georgian auditor. Statements must be filed with the Revenue Service. Deadline: 1 April each year (for prior year).
2. Corporate Income Tax Return
The annual corporate income tax return must be filed with the Georgian Revenue Service. For standard companies: 15% on profits. For Virtual Zone companies: 0% on qualifying income. Deadline: 1 April each year.
3. Virtual Zone Annual Renewal
Virtual Zone status must be renewed annually with the Ministry of Finance Revenue Service. The renewal confirms your business activities remain within the qualifying IT services scope. Deadline: Before VZ certificate expiry.
4. VAT Returns
Companies registered for VAT (mandatory if annual turnover exceeds GEL 100,000) must file monthly VAT returns. VAT rate: 18% (standard); 0% on exports and non-Georgian services. Deadline: 15th of the following month.
5. UBO Register
All Georgian companies must maintain an up-to-date UBO register with the National Agency of Public Registry (NAPR). Changes must be reported promptly.
6. FIZ Compliance (if applicable)
Free Industrial Zone companies must comply with their specific FIZ authority's annual reporting requirements, including renewal of FIZ licence and submission of financial statements.
7. India-Side FEMA/RBI Compliance
- APR (Annual Performance Report): Filed by 31 July each year
- ODI reporting: For new investments or shareholding changes
Compliance Calendar
| Obligation | Deadline | Authority |
|---|---|---|
| Annual Financial Statements | 1 April | Revenue Service |
| Corporate Tax Return | 1 April | Revenue Service |
| Virtual Zone Renewal | Before expiry | Ministry of Finance |
| VAT Returns | 15th of following month | Revenue Service |
| UBO Update | Promptly on change | NAPR |
| APR (India) | 31 July | RBI / AD Bank |
Let Blueberry Handle Your Compliance
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Also read: Complete Guide to Georgia Company Formation | Georgia Virtual Zone Guide | Banking for Your Georgia Company | Why NRIs Should Form a Company in Georgia